A federal appeals court in Manhattan seemed unreceptive Tuesday to arguments that FTX founder Sam Bankman-Fried should be released on bail before his trial starts in two weeks so he can better prepare for trial.
The 2nd U.S. Circuit Court of Appeals heard arguments in Manhattan, and all three judges were dismissive of his lawyer’s claims that the First Amendment protects him from a judge’s conclusion that his actions while confined to his parents’ home in Palo Alto, California, for eight months violated the conditions of his $250 million bail.
Bankman-Fried, who has pleaded not guilty, was jailed Aug. 11. Judge Lewis A. Kaplan concluded he had tried to influence witnesses against him, most recently by showing a journalist the private writings of a former girlfriend who served as CEO of Alameda Research - Bankman-Fried’s cryptocurrency trading hedge fund - before FTX collapsed last November.
Bankman-Fried’s lawyer, Mark Cohen, told the 2nd Circuit to overturn the revocation of bail so he can properly prepare for a trial set to start with jury selection on Oct. 3. He said documents in the case that his client can no longer access are so voluminous that they would be as tall as three skyscrapers if they were printed out in a single stack.Circuit Judge William J.
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