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Attorneys representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary lodging” provided by authorities have been inadequate to ensure that him to organize for his felony trial in October.
In an Aug. 25 submitting in United States District Courtroom for the Southern District of New York, SBF’s authorized staff mentioned the plan proposed by prosecutors to permit the previous FTX CEO entry to discovery supplies earlier than trial have been insufficient. Attorneys mentioned the U.S. Justice Division produced roughly four million pages value of discovery supplies on Aug. 24 and there have been “tens of millions of pages of paperwork and terabytes of information” left for SBF to evaluate for his felony trial.
“We don’t consider that something in need of short-term launch will correctly deal with these issues and safeguard Mr. Bankman-Fried’s proper to take part in his personal protection,” mentioned the submitting. “Earlier than his bail was revoked, Mr. Bankman-Fried was spending 80-100 hours per week reviewing the voluminous discovery and creating detailed analyses that he might replace always and share along with his attorneys.”
Bankman-Fried had been free on a $250-million bond for roughly eight months following his extradition from the Bahamas and arraignment within the U.S. in December 2022. Nevertheless, following allegations of witness intimidation of former Alameda Analysis CEO Caroline Ellison, a federal decide revoked his bail. Since Aug. 11, roughly two months earlier than the beginning of his first felony trial, SBF has been remanded to the Metropolitan Detention Middle in Brooklyn.
Since his bail was revoked, SBF’s authorized staff has been pushing for fewer restrictions permitting him time exterior jail with a purpose to put together for trial. A decide dominated on Aug. 21 that SBF be allowed roughly seven hours within the New York courthouse cell block lawyer room on Aug. 22, and later issued an order giving him entry to the identical area with one laptop computer and wifi-enabled system on a seemingly limitless foundation supplied his legal professionals gave 48 hours’ discover.
“Mr. Bankman-Fried wants fixed entry to an internet-enabled laptop that enables him to evaluate paperwork from discovery, search for related context for the proof on-line, draft and edit work product analyzing the paperwork and knowledge, and share these paperwork and analyses along with his attorneys,” claimed his authorized staff. “The Authorities’s present plan […] comes nowhere near this.”
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SBF’s first of two trials is scheduled to start on Oct. 3, through which he’ll face seven costs associated to fraudulent actions involving consumer funds at FTX and Alameda Analysis. The second trial, scheduled for March 2024, will embody 5 different felony costs.
In line with court docket filings, Bankman-Fried’s authorized staff could pursue a protection claiming the previous CEO acted “in good religion” on recommendation of legal professionals from Fenwick & West and FTX’s in-house counsel. These allegedly unlawful actions included SBF directing that sure communications between FTX and Alameda workers be mechanically deleted.
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