Sam Bankman-Fried is not no longer residing in his parents’ mansion in Palo Alto, where he had been under house arrest since his arrest in December. Last Friday, Judge Lewis A. Kaplan ordered his incarceration at the Metropolitan Detention Center in Brooklyn. ” Humiliation “Shout his relatives. “ Justice done “, chant the crypto investors to whom he deprived years of savings by his setbacks at the head of FTX.
Sam Bankman-Fried, finally in a real prison
American justice has been too lenient vis-à-vis the man who caused the fall of a crypto empire valued at $40 billion. Because after his arrest in December 2022, SBF only received one modest penalty : house arrest after payment of a bond of 250 million dollars
However, from the mansion of his parents, the young Bankman-Fried could not remain discreet, to the point of destabilizing the judge Kaplan.
Moreover, it is said that the few technological objects in his hands allowed him to earn in two days 30 million dollars with BALD.
” SBF’s bail has been revoked and he is going to jail. »
Yesterday the press echoed the sending of Sam Bankman-Fried to prison. U°Today alleged that Mr. Kaplan ordered this act after having revoked his bail Following the discovery of credible evidence of witness tampering.
The New York Post was more explicit in his article relating to this case. In fact, SBF would have leaked his ex-girlfriend’s love letters and partner, Caroline Ellison. This amounts to an attempt to “manipulate the witnesses at least twice,” said Mr. Kaplan. He completely “overstepped the bounds” and I will revoke bail ».
Thorn Ellison’s Foot
As mentioned above, Ellison shared part of his life with SBF while running one of the largest crypto exchanges in the world. When the empire crumbled, and when things got tough in court, Caroline Ellison pleaded guilty to fraud. Like Gary Wang and Nishad Singh, former SBF collaborators at Alameda.
By doing so, she became a annoying witness for the man who was once the laughingstock of League of Legends (LoL) fans.
However, the conditions of release on bail of SBF had allowed him several conveniences. Among other things: talking to the media and… divulging Ellison’s secret.
Thus, the Times was able to seizemuch of their history, on Google, and granted an article of it on July 20. Inside, we learned that the young lady had declared “ unhappy and overwhelmed by his work. At the time of Sam’s arrest, she felt ” hurt/rejected “.
Yet long before FTX and the FTT collapsed, Caroline Ellison spoke that the pair risked “ make things weird “. As well as other elements suggesting that Alameda and FTX will go under.
Moreover, their disputes had an impact on the management of these companies. After a brief separation, Ellison had written that it had ” considerably decreased [son] enthusiasm for Alameda “.
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