Sam Bankman-Fried’s temporary release request denied as trial date looms

Former FTX boss Sam Bankman-Fried is most likely remain behind bars until his Oct. 3 trial begins after a United States District Court judge rejected his ask for momentary release.On Sept. 12, District Judge Lewis Kaplan rejected Bankman-Frieds claim that his trial preparation was impeded due to bad web gain access to in jail finding it wasnt a sufficient ground to approve his release.”The defendant had not made any comprehensive showing as to particular material that he claims he has actually been not able to gain access to personally and the reasons that any such personal failure in fact would hinder his defense,” Kaplan explained.Judge Kaplans order rejecting Bankman-Frieds release demand. Source: CourtListenerKaplan added Bankman-Frieds lawyers can offer him with material to evaluate on a hard drive to circumvent a possibly unreliable internet connection.”There has actually been no recommendation that counsel is incapable of running any searches throughout the Relativity or AWS databases that accused might want and then offering him with the outcomes.”Bankman-Frieds counsel formerly grumbled about the prisons poor web connection in a Sept. 8 letter, explaining they would typically require to wait approximately 10 minutes for a website homepage to load.Related: Sam Bankman-Fried appeal against bail revocation meritless: ProsecutorsBankman-Fried had a possibility to ask for the Oct. 3 trial date to be postponed however no request was made, Kaplan noted. The former FTX CEO deals with 12 criminal charges throughout 2 different trials, with the second slated to begin on March 11, 2024. Bankman-Fried has pleaded innocent to all counts.Magazine: Deposit risk: What do crypto exchanges actually do with your cash?