Sam Bankman-Fried requests to remain in Brooklyn prison until appeal

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FTX Founder Sam Bankman-Fried requested permission to remain in a brief detention facility in New York Metropolis.

In line with a document submitted to the U.S. District Court docket, Bankman-Fried’s authorized representatives are looking for consent to permit him to remain on the Metropolitan Detention Middle in Brooklyn. 

Since August 2023, Bankman-Fried has been held at this facility. His attorneys argue that remaining in Brooklyn would ease the coordination together with his enchantment attorneys, as Bankman-Fried plans to problem his conviction and the following sentencing.

Sam Bankman-Fried court filing

On March 28, Bankman-Fried acquired a 25-year sentence on seven fraud and cash laundering fees. Through the sentencing, the FTX Founder’s lawyer, Marc Mukasey, disclosed plans to enchantment the conviction. 

Choose Lewis Kaplan decided Bankman-Fried ought to serve his sentence in jail close to the San Francisco Bay Space, contemplating his household’s proximity to that location. This determination got here earlier than Bankman-Fried’s bail was revoked in August 2023, following a interval the place he was restricted to his dad and mom’ dwelling in California close to Stanford College.

Sam Bankman-Fried was the one one amongst his colleagues to not plead responsible after the fallout from the FTX and Alameda Analysis scandal. Caroline Ellison, Gary Wang, Nishad Singh, and Ryan Salame, all charged in the identical case and related to the crypto corporations, entered responsible pleas and agreed to cooperation offers.

Ryan Salame, a former govt at FTX, is scheduled for sentencing on Could 28 following his act of contrition final September.

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