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Previous Guy's cautionary tale of witless intimidation from a different fraud case [1]
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Date: 2023-08-12
Unlike Trump’s love letters from Kim Jong-un, Sam Bankman-Fried’s love letters from a principal witness figured in his recent incarceration for financial fraud. Perhaps Bankman-Fried should be making a First Amendment appeal to get out of jail, unlike Trump’s preemptive attack on Fani Willis before he surrenders for arraignment in Atlanta this week. Trump unfortunately loves no one, but he has become however more cautious with the attacks on DC characters until he isn’t anymore. OTOH, he’s coming back to Twitter.
Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was sent to jail on Friday after a federal judge in New York revoked his bail, accusing him of trying to influence witnesses who are poised to testify against him at a widely anticipated trial in less than two months.
Mr. Bankman-Fried, 31, had been under house arrest at his parents’ home in Palo Alto, Calif., since he was arrested in December on fraud charges stemming from FTX’s implosion. But at a hearing on Friday, Judge Lewis A. Kaplan of Federal District Court in Manhattan said that arrangement would have to end, after prosecutors argued that Mr. Bankman-Fried had twice tried to interfere with witnesses in the case, including by giving documents to reporters.
“He has gone up to the line over and over again, and I am going to revoke bail,” Judge Kaplan said from the bench.
[...]
In court filings, prosecutors said Mr. Bankman-Fried had given the documents to The Times to intimidate Ms. Ellison by casting her in a negative light before his trial. They also noted Mr. Bankman-Fried’s numerous conversations with others in the media, including the author Michael Lewis, who is writing a book about FTX that is set for publication the week the trial begins.
www.nytimes.com/...
People who know Ms. Ellison say they have been struck by her earnestness and her willingness to admit her own failings. In court in December, she said she was “truly sorry” for committing fraud. “I knew that it was wrong,” she said.
Ms. Ellison is expected to repeat that assertion at Mr. Bankman-Fried’s trial, which is set to last four or five weeks. Much of the trial will revolve around messages that Mr. Bankman-Fried and the three cooperators exchanged on the messaging app Signal, two people briefed on the matter said.
As a woman in the male-dominated crypto industry, Ms. Ellison may appear more sympathetic to the jury than the other cooperators, lawyers familiar with the case said. In interviews last year, Mr. Bankman-Fried shifted some blame for the collapse to Alameda, saying he had little involvement in the hedge fund’s day-to-day management.
www.nytimes.com/...
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