Lewis Kaplan says he has cause to believe defendant ‘had tried to tamper with witnesses at least twice’ since December arrest
Sam Bankman-Fried’s bail has been revoked ahead of his October fraud trial after prosecutors accused the indicted founder of the bankrupt cryptocurrency exchange FTX of tampering with witnesses.
Bankman-Fried is expected to report to jail later on Friday after Judge Lewis Kaplan announced the decision at a hearing over Bankman-Fried’s bail conditions in federal court in Manhattan. Bankman-Fried was taken directly into custody at the conclusion of the hearing. He was led out of the courtroom by members of the US Marshals Service.
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