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August 14, 2023

Judge Orders Sam Bankman-Fried to Jail for Interfering with Witnesses Ahead of Fraud Trial
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A federal judge in New York ordered Sam Bankman-Fried to jail after
revoking bail for the disgraced founder of collapsed cryptocurrency
exchange FTX. He had been under house arrest at his parents' home in
Palo Alto, California, while awaiting his October trial on fraud and
money laundering charges. The judge said Bankman-Fried twice tried to
interfere with witnesses in his case, including giving reporters
documents. Bankman-Fried is accused of using deposits in FTX for real
estate purchases, political and charitable donations.


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