Current:Home > ContactChainkeen Exchange-FTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering -FinTechWorld
Chainkeen Exchange-FTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering
Surpassing View
Date:2025-04-08 03:52:06
FTX founder Sam Bankman-Fried had his bail revoked and Chainkeen Exchangewas ordered to be sent to jail Friday by a federal judge in New York after prosecutors alleged he was trying to influence witnesses in his fraud case. U.S. District Court Judge Lewis A. Kaplan said Bankman-Fried reached out to witnesses and ordered him remanded to a federal detention center.
Prosecutors said he'd tried to harass a key witness last month in his fraud case when he showed a journalist the private writings of his ex-girlfriend Caroline Ellison, who was the CEO of Alameda Research, a cryptocurrency hedge fund trading firm that was an offshoot of FTX, as well as in January when he reached out to the general counsel for FTX with encrypted communication, the Associated Press reported.
There were no bail conditions that would stop Bankman-Fried from tampering with witnesses, prosecutors said.
As of late Friday afternoon local time, Bankman-Fried was not yet currently in the custody of the Federal Bureau of Prisons, according to a prison spokesperson.
He was charged in March with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business. Bankman-Fried had been staying at his parents' house in California on a $250 million bond while awaiting trial for the collapse of his cryptocurrency firm, which prosecutors say cheated investors out of billions of dollars.
–Reporting contributed by Pat Milton.
- In:
- Cryptocurrency
- Crime
Cara Tabachnick is a news editor for CBSNews.com. Contact her at [email protected]
veryGood! (5761)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Supreme Court will take up state bans on gender-affirming care for minors
- Over 1,000 pilgrims died during this year’s Hajj pilgrimage in Saudi Arabia, officials say
- 105-year-old Washington woman gets master's 8 decades after WWII interrupted degree
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Heat wave sizzles parts of the country as floods and severe weather force people from their homes
- Maryland officials investigating apparent murder of 80-year-old incarcerated man
- Florida family whose roof hit by debris from space station sues NASA for damages
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- 2028 LA Olympics: Track going before swimming will allow Games to start 'with a bang'
Ranking
- The Daily Money: Spending more on holiday travel?
- This San Francisco home is priced at a low $488K, but there's a catch
- Sculpt, Support, and Save 70% on Spanx Leather Leggings, Tennis Skirts, Sports Bras, Shapewear & More
- Paul McCartney, Cate Blanchett and Jon Bon Jovi watch Taylor Swift's Eras Tour from VIP tent
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Staples introduces free backpack and school supply recycling program: See what items they accept
- Millions in the US prepare for more sweltering heat as floodwaters inundate parts of the Midwest
- One dead, seven injured after shooting at Kentucky nightclub
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
White House perplexed by Netanyahu claims that U.S. is withholding weapons
Shooting at a party in Alabama’s capital leaves 13 injured, officials say
Taylor Wily, 'Hawaii Five-0' and 'Forgetting Sarah Marshall' actor, dies at 56
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
75-year-old John Force alert after fiery crash at Virginia Motorsports Park
'Unbelievable': Video shows massive dust storm rolling across New Mexico
U.S. sanctions top Mexican cartel leaders, including alleged assassin known as The Doctor