Sam Bankman-Fried Continuing Bail Restriction until February 21

Key Points: Judge Lewis Kaplan of America imposed a ban on Sam Bankman Fried’s communication with employees of businesses he used to own.
Both parties were given until February 13th to explain how they could be sure that Bankman-Fried wouldn’t erase electronic messages. Kaplan stated that the limits would remain in effect until February 21.
According to Reuters, U.S. district Judge Lewis Kaplan extended an order to prevent Sam Bankman-Fried (former FTX CEO) from contacting employees while he is out on bail awaiting trial for fraud charges. Both parties have until February 13th to explain how they determined that SBF would not delete electronic messages.
“I am less interested in the defendant’s convenience… There are still snail-mail and email, and there are many ways to communicate that don’t pose the same risks.”
Bankman-Fried pleaded not guilty to eight criminal charges, including conspiracy to commit wirefraud and money laundering. He was also accused of defrauding investors, and causing losses in excess of $1 billion. Bankman-Fried could be sentenced to up to 115 years imprisonment if convicted. He was also charged with conspiracy to commit wire fraud and money laundering. SBF’s request for an exemption from the restrictions on his communications as part of his bail conditions was denied by the judge in a letter motion on February 8. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: FTXLewis KaplanSam Bankman-FriedSBFsignal