Sam Bankman Fried, Democrat megdonor and crypto scammer, has been thrown in jail for witness tampering.
Last week, U.S. Attorney Damian Williams pushed for SBF’s pretrial detention, citing witness tampering:
“The defendant’s attempts to tamper with witnesses and interfere with the Government’s and public’s right to a fair trial and the due administration of justice, and his pattern of circumventing his bail conditions in that pursuit, demonstrate that no set of pretrial release conditions can adequately assure the safety of the community and that the defendant is unlikely to fully abide by any conditions of release.”
On Friday, Judge Lewis Kaplan, appointed during the Clinton era, issued an order for Bankman-Fried’s detention.
Sam Bankman-Fried will head to jail on Friday after a judge sided with a request by federal prosecutors to revoke the FTX founder’s bail over alleged witness tampering. Bankman-Fried will be remanded to custody directly from a court hearing in New York, where he will remain ahead of his criminal trial – which is due to begin on Oct. 2.
Judge Lewis Kaplan denied Bankman-Fried’s request for delayed detention pending an appeal.
Since his arrest in December, Bankman-Fried had been out on a $250 million bail package which requires him to remain at his parents’ Palo Alto, California house.
Bankman-Fried’s court appearance on Friday is the latest in a series of pre-trial hearings related to the ex-billionaire’s continued dealings with the press – exchanges which the Justice Department characterizes as a “pattern of witness tampering and evading his bail conditions.”
Sam Bankman-Fried, a 30-year-old celebrated figure in Democrat circles, funneled over $40 million from his Ponzi scheme through the crypto exchange he established (FTX) to finance the midterm elections.
An astonishing sum of up to $2 billion remains unaccounted for following the collapse of FTX last year.
Sam Bankman-Fried stands as one of Biden’s top contributors, second only to a select few. He funneled money through Ukraine that was then used to fund Democrats in the 2022 midterm elections.
Federal authorities recently dismissed a campaign finance charge against this crypto scammer and Democrat darling due to a “procedural failing.”
Bankman-Fried is still facing charges of wire fraud and securities fraud.