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A Judge Just Ordered Sam Bankman-Fried to Go To Jail. 'He Tried to Tamper with Witnesses at Least Twice.' The disgraced former CEO of FTX will remain in custody ahead of his criminal trial in October.

By Jonathan Small

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

There will be no more home-cooked meals for Sam Bankman-Fried.

The fallen crypto king has been holed up at his parents' home in Palo Alto since pleading not guilty to fraud charges stemming from FTX's collapse. But this afternoon in a Manhattan courtroom, a judge revoked Bankman-Fried's bail, ordering him to go directly to jail before his trial scheduled to begin on October 2.

"My conclusion is there is probable cause to believe the defendant tried to tamper with witnesses at least twice," said Judge Lewis A. Kaplan during his ruling.

According to CNBC, court marshals took Bankman-Fried into custody after the hearing. He removed his jacket, tie, and shoes and emptied his pockets. A reporter for CNBC, who was in the courtroom, said that Bankman Fried's mother had her face buried in her hands during the ruling.

Related: When in Doubt, Don't: 4 Lessons to Learn from the Crypto Implosion

Accused of witness tampering

Prosecutors alleged that Bankman-Fried shared emails from his former girlfriend, Caroline Ellison, with The New York Times to intimidate her before his trial in October. They also said that Bankman-Fried leaked information to other journalists, including Michael Lewis, who is writing a book about FTX.

Last January, prosecutors argued that Bankman-Fried was sending messages to a former FTX executive who was a potential witness in the case, according to the Times. They also said Bankman-Fried was using VPN to access the internet and sending encrypted messages on Signal.

Judge Lewis responded by banning Bankman-Fried from contacting current or former employees. But, the order was not obeyed, and Bankman-Friend will now have to prep for his trial from a jail cell.

At press time, it was not clear where Bankman-Friend would be held. Prosecutors requested a jail in Putnam, New York, so he could access a laptop with internet. But the nearest jail to the courthouse is the Metropolitan Detention Center in Brooklyn, which has limited internet access for prisoners.

Jonathan Small

Entrepreneur Leadership Network® VIP

Founder, Write About Now Media

Jonathan Small is an award-winning author, journalist, producer, and podcast host. For 25 years, he has worked as a sought-after storyteller for top media companies such as The New York Times, Hearst, Entrepreneur, and Condé Nast. He has held executive roles at Glamour, Fitness, and Entrepreneur and regularly contributes to The New York Times, TV Guide, Cosmo, Details, Maxim, and Good Housekeeping. He is the former “Jake” advice columnist for Glamour magazine and the “Guy Guru” at Cosmo.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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