{"id":21550,"date":"2023-08-25T22:03:08","date_gmt":"2023-08-25T22:03:08","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/sam-bankman-frieds-lawyers-push-for-temporary-release-object-to-prosecutors-proposed-deal\/"},"modified":"2023-08-25T22:03:10","modified_gmt":"2023-08-25T22:03:10","slug":"sam-bankman-frieds-lawyers-push-for-temporary-release-object-to-prosecutors-proposed-deal","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/sam-bankman-frieds-lawyers-push-for-temporary-release-object-to-prosecutors-proposed-deal\/","title":{"rendered":"Sam Bankman-Fried&#8217;s lawyers push for temporary release, object to prosecutors&#8217; proposed deal"},"content":{"rendered":"<p><\/p>\n<div data-v-2649fa34=\"\">\n<p>Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the \u201cextraordinary accommodations\u201d offered by authorities were insufficient in order for him to prepare for his criminal trial in October.<\/p>\n<p>In an Aug. 25 filing in United States District Court for the Southern District of New York, SBF\u2019s legal team said the plan proposed by prosecutors to allow the former FTX CEO access to discovery materials before trial were inadequate. Lawyers said the U.S. Justice Department produced roughly 4 million pages worth of discovery materials on Aug. 24 and there were \u201cmillions of pages of documents and terabytes of data\u201d left for SBF to review for his criminal trial.<\/p>\n<p>\u201cWe do not believe that anything short of temporary release will properly address these problems and safeguard Mr. Bankman-Fried\u2019s right to participate in his own defense,\u201d said the filing. \u201cBefore his bail was revoked, Mr. Bankman-Fried was spending 80-100 hours a week reviewing the voluminous discovery and creating detailed analyses that he could update constantly and share with his attorneys.\u201d <\/p>\n<p>Bankman-Fried had been free on a $250-million bond for roughly 8 months following his extradition from the Bahamas and arraignment in the U.S. in December 2022. However, following allegations of witness intimidation of former Alameda Research CEO Caroline Ellison, a federal judge revoked his bail. Since Aug. 11, roughly two months before the start of his first criminal trial, SBF has been remanded to the Metropolitan Detention Center in Brooklyn. <\/p>\n<p><iframe title=\"Was Sam Bankman-Fried behind a SCAM project?\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/sx1VQzU-xo0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>Since his bail was revoked, SBF\u2019s legal team has been pushing for fewer restrictions allowing him time outside jail in order to prepare for trial. A judge ruled on Aug. 21 that SBF be allowed roughly seven hours in the New York courthouse cell block attorney room on Aug. 22, and later issued an order giving him access to the same space with one laptop and wifi-enabled device on a seemingly unlimited basis provided his lawyers gave 48 hours\u2019 notice.<\/p>\n<p>\u201cMr. Bankman-Fried needs constant access to an internet-enabled computer that allows him to review documents from discovery, look up relevant context for the evidence online, draft and edit work product analyzing the documents and data, and share these documents and analyses with his attorneys,\u201d claimed his legal team. \u201cThe Government\u2019s current plan [&#8230;] comes nowhere close to this.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Superseding indictment against Sam Bankman-Fried includes using $100M for campaign contributions<\/em><\/strong><\/p>\n<p>SBF\u2019s first of two trials is scheduled to begin on Oct. 3, in which he will face seven charges related to fraudulent activities involving user funds at FTX and Alameda Research. The second trial, scheduled for March 2024, will include five other criminal charges.<\/p>\n<p>According to court filings, Bankman-Fried\u2019s legal team may pursue a defense claiming the former CEO acted \u201cin good faith\u201d on advice of lawyers from Fenwick &amp; West and FTX\u2019s in-house counsel. These allegedly illegal actions included SBF directing that certain communications between FTX and Alameda employees be automatically deleted.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Can you trust crypto exchanges after the collapse of FTX?<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"\/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the \u201cextraordinary accommodations\u201d offered by authorities were insufficient in order for him to prepare for his criminal trial in October. In an Aug. 25 filing in United States District Court for the Southern District of New York, SBF\u2019s legal team said the plan proposed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-21550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sam Bankman-Fried&#039;s lawyers push for temporary release, object to prosecutors&#039; proposed deal | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/sam-bankman-frieds-lawyers-push-for-temporary-release-object-to-prosecutors-proposed-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sam Bankman-Fried&#039;s lawyers push for temporary release, object to prosecutors&#039; proposed deal | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the \u201cextraordinary accommodations\u201d offered by authorities were insufficient in order for him to prepare for his criminal trial in October. 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