Former FTX CEO Sam Bankman-Fried Seeks Adjusted Prison Schedule for Trial Preparation
Sam Bankman-Fried, the former CEO of FTX, is reportedly requesting a more flexible prison schedule to adequately prepare for his upcoming trial in October.
According to a Bloomberg report, Bankman-Fried’s legal team has written a letter to U.S. District Judge Lewis Kaplan, advocating for the former FTX CEO to be allowed out of prison five days a week to review essential documents.
Bankman-Fried’s lawyer, Christian Everdell, emphasized that the current prison schedule hampers his ability to comprehensively review the extensive volume of documents crucial for his defense. Everdell pointed out that, even recently, a substantial volume of Slack communications—long overdue—was provided by the government, further complicating the preparation process.
In the letter addressed to Judge Kaplan, Everdell also requested access to an internet-enabled laptop and time for consultations with Bankman-Fried’s legal team. Despite the prosecution’s initial suggestion of transferring Bankman-Fried to a smaller facility with internet-enabled laptop access, this proposal has reportedly been met with resistance from prison officials.
The Bloomberg report noted that prosecutors find it unfeasible to load all necessary documents onto a laptop. Instead, they offered to provide the documents on hard drives, which Bankman-Fried could then use on computers available at the Metropolitan Detention Center in Brooklyn—the primary detention center for federal trial defendants in New York.
Bankman-Fried’s legal troubles arose with his arrest in December 2022, following a range of criminal charges including wire fraud, commodities fraud, and securities fraud. Initially, he was placed under house arrest on a bail of $250 million. However, this arrangement was revoked earlier this month after allegations of witness tampering surfaced. The trial is scheduled to commence on October 2nd.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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