US judge revokes Sam Bankman-Fried's bail

<p>A US judge appears to be on the brink of revoking Sam Bankman-Fried's bail. He's charged with one of the largest fraud's in history as he embezzled billions running the exchange FTX.</p><p>The judge said he there was probable cause to believe that the FTX founder attempted to tamper with witnesses at least twice, according to a Reuters report.</p><p>One of those witnesses is former CFO and love interest Caroline Ellison, who is slated to testify against him. He leaked her diary to the New York Times.</p><p>"Defendant requested access to Google Drive, he said for discovery. Then he used it to give Ms. Ellison's documents to the New York Times," the prosecuting attorney Sassoon said.</p><p>His lawyer said he will appeal the bail revocation and asked that detention be delayed pending that appeal but his request was denied.</p><p>I don't imagine he will be out of prison for a long time. His trial is set for October.</p><p>So long and thanks for all the scams.</p>

This article was written by Adam Button at www.forexlive.com.