SBF appeal of remand to jail filed less than an hour after handcuffs, $505 filing fee paid – Inner City Press will follow the appeal in the Second Circuit, too https://t.co/YF01ftwGhX pic.twitter.com/aOsit518gR
— Inner City Press (@innercitypress) August 11, 2023
According to previous news, US federal judge Lewis Kaplan decided to revoke SBF’s bail at a hearing in New York’s Southern District Court, saying he tried to interfere with individuals’ evidence at least twice.
In the petition asking for Bankman-Fried’s detention, prosecutors said he had sent over 100 emails over the past few months and made over 1,000 phone calls with the media. Prosecutors accused him of sharing secret documents tied to Caroline Ellison, a former associate of his in the fall of FTX, to the New York Times as part of a communications strategy.
Judge Kaplan emphasized the gravity of the situation, stating that a gag order alone would not suffice given Bankman-Fried’s repeated attempts to influence the proceedings.
Fox Business reporter Eleanor Terrett later tweeted that Judge Lewis Kaplan dismissed the defense’s request for deferred detention pending the appeal and that the SBF is going to jail today.
Previously, the owner of FTX lived at his parents’ home in Palo Alto, California, while awaiting trial on October 2 this year, thanks to spending a considerable amount of bail of $250 million.
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