Lawyers for disgraced FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrongly using 'innuendo, speculation, and scant facts' to attempt to revoke their client's bail.
Bankman-Fried is currently out of jail on $250 million bail. He is accused of defrauding investors by diverting millions of dollars from their intended purpose. He has plead not guilty.
"In support of its theory that Mr. Bankman-Fried 'tampered' with witnesses, the Government proffers evidence that consists of innuendo, speculation, and scant facts," the lawyers wrote. "The Government’s showing is a far cry from the evidence presented in cases in this district where remand has been ordered in connection with alleged witness tampering, and in no way supports revocation of Mr. Bankman-Fried’s bail.
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