Former FTX CEO Sam Bankman-Fried has been granted a seven-hour release from jail
Following an application by lawyers to Sam Bankman-Fried that their client faces difficulties reviewing the extensive documentation related to his case while in detention, a judge has granted him permission to meet with his lawyers for about 7 hours.
His request to spend weekdays out of jail with his lawyers was denied.
Sam Bankman-Fried request denied
Just a week after Judge Lewis Kaplan revoked the $250M bail of Sam Bankman-Fried, his lawyers applied to court seeking permission that he be allowed to spend five weekdays outside jail to prepare for his defense.
However, a new filing from August 21 at the US District Court for the Southern District of New York, revealed that Judge Kaplan ruled that SBF will be allowed to spend time with his counsel in a cell block attorney room.
“The request is granted to the extent that the Marshall shall make the defendant available to meet with counsel in the Marshal’s cell block attorney room,” the filing states.
Read more: FTX founder denies witness tampering, lawyers say it’s wrong to seek detention
The judge gave stringent conditions for the meeting to follow. The ruling said that Sam Bankman-Fried will only be able to meet his lawyers for limited hours from 8:30am to 3pm.
Kaplan also permitted just one internet-enabled laptop and one WiFi device into the courthouse.
The failed FTX former CEO’s first two trials are scheduled to begin on October 2. He’s to face seven charges related to fraud at FTX. The latest superseding indictment was filed on August 14 concerning SBF’s violations of campaign finance scheme.
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