Sam Bankman-Fried can meet with lawyers outside of jail with 48 hours’ discover, says judge


A federal judge is permitting former FTX CEO Sam Bankman-Fried, or SBF, entry to his authorized workforce outside of jail, supplied he provides adequate discover.

In an Aug. 23 order filed within the United States District Court for the Southern District of New York, Judge Lewis Kaplan mentioned SBF can be allowed entry to discovery supplies in his felony case in a courthouse cell block with 48 hours’ discover to prosecutors and the U.S. Marshals Service. The order got here previous to Kaplan reaching a choice on motions from the Justice Department and SBF’s authorized workforce concerning how a lot time the previous FTX CEO can be allowed outside of the Metropolitan Detention Center in Brooklyn so as to help within the preparation of his case.

Kaplan mentioned the order was in line with the lodging the U.S. authorities proposed for SBF on Aug. 18. However, the main points of the federal government’s provide within the submitting had been largely redacted, apart from claiming the U.S. Marshals Service “offered these extraordinary accommodations in light of the unique nature of this case.” SBF’s authorized workforce requested he be allowed outside of jail 5 days per week to help with his personal protection.

The judge dominated on Aug. 21 that SBF be allowed roughly seven hours within the New York courthouse cell block legal professional room on Aug. 22. Based on an Aug. 23 submitting from his authorized workforce, the previous FTX CEO and his lawyers could have discussed the defense strategy of counting on recommendation of earlier counsel, inflicting him to behave “in good faith” in regard to his alleged actions at FTX and Alameda Research.

Related: FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report

SBF had been free on $250 million bail following his extradition from the Bahamas and arraignment within the U.S. in December 2022. On Aug. 11, following allegations of witness intimidation, Kaplan revoked his bail, inflicting him to be despatched to jail, the place he’ll probably stay by way of his two trials.

The former FTX CEO faces 12 felony counts, which can be unfold throughout two trials beginning in October 2023 and March 2024. Bankman-Fried has pleaded not responsible to all expenses.

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