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

Former FTX employer Sam Bankman-Fried is most likely stay behind bars until his Oct. 3 trial starts after a United States District Court judge rejected his ask for momentary release.On Sept. 12, District Judge Lewis Kaplan denied Bankman-Frieds claim that his trial preparation was prevented due to bad web access in prison, finding it wasnt adequate grounds to approve his release.”The offender had actually not made any in-depth showing as to particular product that he declares he has actually been unable to gain access to personally and the reasons why any such personal inability in fact would hinder his defense,” Kaplan explained.Judge Kaplans order denying Bankman-Frieds release request. Source: CourtListenerKaplan included that Bankman-Frieds legal representatives might offer him with product to review on a disk drive to prevent a possibly unreliable internet connection.”There has actually been no tip that counsel is incapable of running any searches throughout the Relativity or AWS databases that defendant may want and after that offering him with the results.”Bankman-Frieds counsel formerly grumbled about the prisons bad internet connection in a Sept. 8 letter, explaining they would typically need 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 request for the Oct. 3 trial date to be delayed but no demand was made, Kaplan noted. The previous FTX CEO faces 12 criminal charges across two separate trials, with the 2nd slated to commence on March 11, 2024. Bankman-Fried has pleaded not guilty to all counts.Magazine: Deposit danger: What do crypto exchanges really do with your money?