FTX founder Sam Bankman-Fried returns to New York as prosecutors push for his incarceration
The 31-year-old has been under house arrest at his parents’ home in Palo Alto, California, since his December extradition from the Bahamas on charges that he defrauded investors in his businesses and illegally diverted millions of dollars’ worth of cryptocurrency from customers using his FTX exchange.
Ellison pleaded guilty in December to criminal charges carrying a potential penalty of 110 years in prison. She has agreed to testify against Bankman-Fried as part of a deal that could lead to a more lenient sentence.Article content They said prosecutors were trying to get their client locked up by offering evidence consisting of “innuendo, speculation, and scant facts.”
David McCraw, a lawyer for the Times, has written to the judge, noting the First Amendment implications of any blanket gag order, as well as public interest in Ellison and her cryptocurrency trading firm.
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