Lawyers plead for Bankman-Fried release from jail before trial
<img width="250" height="220" src="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974-250×220.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974-250×220.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974-700×617.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974-768×677.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974-120×106.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974-245×216.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974-500×441.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Lawyers-plead-for-Bankman-Fried-release-from-jail-before-trial-5191276091iStock-1500810974.jpg 1091w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">This included sharing the personal correspondence of Caroline Ellison, former chief executive officer (CEO) of the Alameda Research hedge fund, with the New York Times. Ellison, who was romantically involved with the self-proclaimed cryptocurrency king, admitted to fraud and is a key witness in the case against Bankman-Fried.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":256}"> </span></p>
<p><span data-contrast="auto">The Manhattan U.S. Attorney and lawyers for Bankman-Fried have five minutes each to motivate their stances about the defendant getting out of jail or staying behind bars. A panel consisting of three judges will hear these arguments.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":256}"> </span></p>
<p><span data-contrast="auto">Legal representatives for the defence feel that their client’s rights are violated in prison under the First Amendment of the U.S. Constitution as Bankman-Fried had a right to speak to the media, attempting to resuscitate what is left of his reputation.</span></p>
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<p><span data-contrast="auto">Bankman-Fried is up against seven charges of fraud and conspiracy after the now-bankrupt <a href="https://www.leaprate.com/news/ftx-investigates-possible-fund-recoveries-from-sponsored-athletes/" target="_blank" rel="noopener">FTX</a> crumbled. Allegations are that Bankman-Fried tried to shift funds to an unstable Alameda, bought luxury real estate, and donated money to political campaigns using FTX customer funds.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":256}"> </span></p>
<p><span data-contrast="auto">Despite acknowledging risk-management gaps, Bankman-Fried has not pleaded guilty to any of these charges. He maintains it is difficult to prepare for his coming trial while in jail as he does not have ready access to a computer or his lawyers to review large amounts of evidence.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":256}"> </span></p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/news/lawyers-plead-for-bankman-fried-release-from-jail-before-trial/">Lawyers plead for Bankman-Fried release from jail before trial</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>
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