SBF off-cell meetings and laptops allowed amid trial turmoil

TL;DR Breakdown

  • The court order specifies that the meeting between SBF and his lawyers will take place in the Marshal’s cell block attorney room, allowing for face-to-face consultations but the meetings are subject to limited hours, generally from 8:30 am to 3:00 pm.
  • The court’s decision to allow off-cell meetings and digital devices is accompanied by a refusal to grant other requests made by his legal representatives. 

Description

According to a court filing on August 22, Judge Lewis Kaplan of the US District Court has granted permission for Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, to meet with his lawyers outside his jail cell. This decision comes after SBF’s lawyers requested that he be allowed to spend time out of jail … Read more

According to a court filing on August 22, Judge Lewis Kaplan of the US District Court has granted permission for Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, to meet with his lawyers outside his jail cell. This decision comes after SBF’s lawyers requested that he be allowed to spend time out of jail during weekdays in order to collaborate more effectively with his defense team in preparation for his trial, scheduled for October.

The court order specifies that the meeting between SBF and his lawyers will take place in the Marshal’s cell block attorney room, allowing for face-to-face consultations. These meetings are subject to limited hours, generally from 8:30 am to 3:00 pm. Furthermore, Judge Kaplan has allowed SBF’s legal team to bring one internet-enabled laptop and one WiFi device into the courthouse for these meetings, facilitating digital communication and research during discussions.

This development follows SBF’s recent incarceration on August 11, although he had been under house arrest at his parent’s residence since December 2022. While on house arrest, he faced strict limitations on internet access. Notably, on April 6, reports indicated that SBF had a limited window of time to acquire a new mobile phone without internet access. His laptop was also confined to accessing only websites pre-approved by US prosecutors, demonstrating the level of control over his online interactions.

SBF requests

However, the court’s decision to allow off-cell meetings and digital devices is accompanied by a refusal to grant other requests made by SBF’s legal representatives. The filing explicitly states, “The balance of the request for August 22 is denied,” indicating that while some concessions have been granted, others have been declined.

The context for these legal proceedings involves accusations of witness tampering against SBF. The US Department of Justice (DOJ) requested a revocation of SBF’s bail conditions and his subsequent incarceration after reports emerged suggesting that he engaged in witness tampering. Specifically, SBF allegedly leaked private journals belonging to his former girlfriend, Caroline Ellison, to the New York Times. This act was deemed an attempt to intimidate and influence Ellison, who plays a pivotal role as a key prosecution witness. Prior to FTX’s collapse, Ellison had been a prominent figure in the trading company Alameda Research.

The DOJ’s court filing on July 28 detailed their stance that his release of Ellison’s private writings was an endeavor to corruptly persuade her and undermine her forthcoming trial testimony.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:SBF off-cell meetings and laptops allowed amid trial turmoil

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月22日 17:32
Next 2023年8月22日 18:30

Related articles

  • FTX objects to extended settlement talks with bankrupt crypto lender Genesis

    TL;DR Breakdown FTX and its affiliates object to extending settlement talks with bankrupt crypto lender Genesis, causing delays in the resolution process. Genesis’ bankruptcy proceedings face challenges due to delays, lawsuits, and objections from creditors, including FTX, the largest creditor with claims worth $3.9 billion. Sam Bankman-Fried, founder of FTX, seeks to shift blame to a law firm in his defense against fraud charges, while FTX debtors challenge Genesis’ recovery plans and request relief from the stay. In a recent court filing, FTX and its affiliates objected to the extension of court-mediated settlement talks involving bankrupt crypto lender Genesis. Despite being a major creditor, FTX claimed that it had not been invited to the court-appointed mediation in May. Genesis had filed a motion estimating FTX debtors’ claims at $0.00, but FTX, stating that it was the largest creditor with claims worth $3.9 billion, opposed this motion. The objections from FTX and other individual Genesis creditors have caused delays in the settlement attempts, frustrating the resolution process. Genesis bankruptcy proceedings marred by delays and lawsuits Genesis, once a prominent provider of…

    Article 2023年6月8日
  • Mila Kunis, the creator behind Stoner Cats sued by the SEC for Illegal securities sale

    TL;DR Breakdown The United States SEC catches up with Mila Kunis for selling unregistered NFTs in 2021. The Stoner Cats collection was created by Orchard Productions, the actress Mila Kunis production studio, and was also part of the cast voicing the cartoon characters on the NFT series. The company agreed to pay $ 1 million without admitting guilt and destroy any tokens still in its possession. The project involved celebrities like Chris Rock, Ashton Kutcher, Jane Fonda, and McFarlene. Description Mila Kunis, Stoner Cats creator, will pay a heavy fine after they were sued by the United States Securities and Exchange Commission for offering unregistered NFTs in 2021 after the launch of the crypto assets.  According to reports, the series was only accessible to the NFT holders and was built on a cast comprising Gary … Read more Mila Kunis, Stoner Cats creator, will pay a heavy fine after they were sued by the United States Securities and Exchange Commission for offering unregistered NFTs in 2021 after the launch of the crypto assets.  According to reports, the series was only…

    Article 2023年9月14日
  • Avail’s testnet bridge set to revolutionize layer-2 solutions

    TL;DR Breakdown Avail, a blockchain network, has recently unveiled a testnet data availability bridge designed to connect with the Ethereum network. Layer-2 rollup networks like Arbitrum, Optimism, Polygon zkEVM, and zkSync Era have been successful in reducing transaction fees by aggregating transactions into compressed “rollups” and periodically including them in the base layer.  The new bridge enables developers to easily and rapidly create custom validiums by storing their transaction data on the Avail network, eliminating the need for them to establish their own DAC or proof-of-stake data availability network. Description Avail, a blockchain network, has recently unveiled a testnet data availability bridge designed to connect with the Ethereum network. In an announcement made on July 7, the bridge aims to facilitate the seamless creation of “validiums” or low-cost layer 2s that do not store complete transaction data on the Ethereum blockchain. Initially developed by Polygon … Read more Avail, a blockchain network, has recently unveiled a testnet data availability bridge designed to connect with the Ethereum network. In an announcement made on July 7, the bridge aims to facilitate the…

    Article 2023年7月9日
  • Coinbase’s Layer-2 solution, Base, gains massive traction with 136K daily users

    TL;DR Breakdown Coinbase’s Base network completed its phased launch on Aug. 9 and is officially open to end-users after being in the “open for builders only” phase for weeks. On the second day of Base’s availability, Aug.10, Dune Analytics figures show over 136,000 daily users, the highest daily number in its short history. Coinbase Ventures expanded its relationship with RocketPool by announcing the purchase of RPL, the native token of the liquid staking network. Description The number of daily active users on Coinbase‘s layer 2 blockchain has surpassed 100,000 for the first time, just one day after the network’s formal launch. Base was officially launched after a few weeks in an “open for builders only” phase. According to an announcement made by the team on August 9, the network is … Read more The number of daily active users on Coinbase‘s layer 2 blockchain has surpassed 100,000 for the first time, just one day after the network’s formal launch. Base was officially launched after a few weeks in an “open for builders only” phase. According to an announcement made by…

    Article 2023年8月12日
  • Fidelity Resubmits Bitcoin ETF Application, Fueling Optimism for Crypto Industry

    TL;DR Breakdown Fidelity has refiled its application for a spot Bitcoin ETF, joining other prominent asset managers in seeking approval from the SEC.  The approval of the first Bitcoin futures ETF in 2021 has generated optimism for the future of spot Bitcoin ETFs.  Description In a move that has reignited hopes for the cryptocurrency industry, asset management giant Fidelity has refiled its application to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund (ETF). The announcement comes amidst a flurry of similar applications from prominent financial institutions, including BlackRock, WisdomTree, Invesco, and VanEck.  These … Read more In a move that has reignited hopes for the cryptocurrency industry, asset management giant Fidelity has refiled its application to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund (ETF). The announcement comes amidst a flurry of similar applications from prominent financial institutions, including BlackRock, WisdomTree, Invesco, and VanEck.  These filings signal a renewed interest in the crypto sector, providing a much-needed boost after a period of uncertainty. While the Securities and Exchange…

    Article 2023年7月2日
TOP