Disgraced FTX Boss and Democrat Super Donor Sam Bankman-Fried Jailed Ahead of Trial over Witness Tampering AllegationsAllum Bokhari 11 Aug 2023
Sam Bankman-Fried, disgraced founder of the FTX cryptocurrency exchange and a Democrat super donor, has had his bail revoked by a judge ahead of his trial on fraud charges, over concerns that the crypto baron has engaged in witness tampering.
“There is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice,” said U.S. District Judge Lewis Kaplan at a hearing in New York.
The judge said that Bankman-Fried would be allowed to spend time in his lawyers’ office to prepare for his trial in October, but the revocation of his bail means that the accused fraudster will likely spend the rest of his time leading up to the trial behind bars.
Perhaps the most visible case of a cryptocurrency rise-and-fall, Bankman-Fried was one of the richest men in the space before the spectacular collapse of FTX, which filed for chapter 11 bankruptcy in November 2022 after its liquidity evaporated.
The founder, often known as “SBF,” used his wealth to become a Democrat super-donor, and was the second-largest contributor to Joe Biden’s campaign in 2020. Scarcely 30 years old, the crypto baron had ambitions to displace George Soros as the largest donor to Democrats and Democrat causes.
The collapse of FTX came at the nadir of the cryptocurrency down-cycle that followed the explosion in the price of most leading cryptocurrencies in 2021, which saw some traders become millionaires even from cryptocurrencies that started as a joke, like Dogecoin.
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https://www.breitbart.com/tech/2023/08/11/disgraced-ftx-boss-and-democrat-super-donor-sam-bankman-fried-jailed-ahead-of-trial-over-witness-tampering-allegations/
