FTX CEO Given One Court Day to Meet Lawyers Outside Jail
- United States District Judge Lewis Kaplan has given one day to FTX founder SBF to meet with lawyers.
- The meeting will take place on August 22 in the cell block attorney room at the courthouse.
- The crypto entrepreneur currently resides in the Metropolitan Detention Center in Brooklyn after getting his bail revoked.
- The FTX founder can use a laptop between 30 AM EST and 3:00 PM during his meeting with the counsel.
The founder of the now-bankrupt crypto trading platform FTX, Sam Bankman-Fried, also known as SBF in the crypto sector, has been allowed by a federal judge overseeing the former billionaire’s criminal and fraud case to meet with his lawyers outside the jail for a time period of roughly seven hours, after which he will be once again sent behind bars.
Judge Lewis Kaplan said in a filing with the United States District Court for the Southern District of New York that the former FTX executive will be allowed to meet with his lawyers in the cell block attorney room on August 22 at the courthouse. The subject of the meeting is one of SBF’s scheduled hearings.
Interestingly, as reported earlier by Bitnation, Kaplan revoked the former FTX executive’s bail, and he was put behind bars until his case came to a conclusion. The former billionaire is facing multiple fraud charges and might spend a long time behind bars if found guilty. The crypto entrepreneur currently resides in the Metropolitan Detention Center in Brooklyn.
Additionally, as per the filing, Judge Kaplan has given approval for the FTX founder to use a laptop between 30 AM EST and 3:00 PM during his meeting with the counsel. On the other hand, the lawyers representing SBF had earlier filed a petition in court to release Bankman-Fried five days a week to prepare for his case. Interestingly, Kaplan has only allowed a one-time meeting outside the courthouse on August 22, while another order on the same is pending based on the Department of Justice’s response.
It is crucial to note that the FTX founder’s first of two trials is set to begin on October 2, and he will be facing seven fraud charges in the same. In a superseding indictment filed by prosecutors on August 14, it was revealed that SBF’s alleged violations of the campaign finance scheme will also be considered part of a wire fraud charge. The next trial for the crypto entrepreneur is set to begin in March 2024.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
