Sam Bankman-Fried’s lawyers renew claim that the FTX founder can’t prepare for trial behind bars

Aug 25, 2023, 3:28 PM

NEW YORK (AP) — Lawyers for Sam Bankman-Fried said Friday that prosecutors have delivered another four million pages of documents for the FTX founder to examine six weeks before trial, making it impossible for the former cryptocurrency executive to adequately review the evidence for an October trial from behind bars.

Bankman-Fried lost the right to remain free on bail when a judge decided two weeks ago that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Prosecutors say he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company’s multibillion-dollar collapse after the equivalent of a bank run.

In a letter to U.S. District Judge Lewis A. Kaplan, attorneys Christian Everdell and Mark Cohen renewed their request for the 31-year-old to be freed so he can adequately prepare for his Oct. 3 trial. He’d been living with his parents in Palo Alto, California, under the terms of a $250 million bail deal that was in place since he was brought to the United States from the Bahamas in December.

His lawyers appealed the ruling to jail him to the 2nd U.S. Circuit Court of Appeals. And earlier this week, they complained at a hearing that he has had to survive at a Brooklyn lockup on bread, water and peanut butter because they won’t provide him with vegan food.

They said the jail conditions, his limited access to computers and the evidence against him, and the government’s late turnover of millions of pages of documents has violated his Sixth Amendment rights, including the right to know the evidence against him.

“We do not believe that anything short of temporary release will properly address these problems and safeguard Mr. Bankman-Fried’s right to participate in his own defense,” the lawyers wrote.

Bankman-Fried has pleaded not guilty to charges including wire fraud and conspiracy.

A spokesperson for prosecutors declined comment Friday.

In Friday’s letter, Everdell and Cohen wrote that the four million pages of materials was turned over to the defense by prosecutors on Thursday and it was expected that the government will “produce millions more pages even at this late stage.”

They said Bankman-Fried had been working between 80 and 100 hours a week on his defense before he was jailed, even managing to produce a spreadsheet with millions of cells of data.

The lawyers complained that an arrangement allowing Bankman-Fried to be brought to the Manhattan federal courthouse two days a week for computer access is inadequate, in part because the laptop he is provided has limited battery life and no power outlet in his cell block to charge it.

United States News

FILE - Leaders take their seats for a meeting of the NATO-Ukraine Council during the NATO summit in...

Associated Press

With words, deeds and arms deals, allies make the case for NATO in terms that would appeal to Trump

WASHINGTON (AP) — European allies in NATO are stepping up their military spending, just as Donald Trump wanted. They’re pointing to common interests, such as concerns over China. They’re creating American jobs by buying U.S. weapons. In words, deeds and arms deals, leaders of the United States’ partners in NATO are making the case for […]

1 hour ago

Associated Press

The UN condemns increasing gang violence and criminal activity in Haiti that is undermining peace

UNITED NATIONS (AP) — The U.N. Security Council unanimously approved a resolution condemning “in the strongest terms” the increasing gang violence and criminal activity in Haiti that is undermining peace, stability and security in the country and the region. Friday’s resolution expresses grave concern at illegal arms and ammunition flowing into Haiti and their link […]

7 hours ago

Actor Alec Baldwin reacts during his trial for involuntary manslaughter for the 2021 fatal shooting...

Associated Press

Inside the courtroom as case dismissed against Alec Baldwin in fatal shooting of cinematographer

SANTA FE, N.M. (AP) — A nearly three-year legal saga for Alec Baldwin in the fatal shooting of a cinematographer ended Friday without a verdict but with tears of relief for the actor and a small coterie of family who had settled into a somber daily routine on wooden benches inside a windowless New Mexico […]

7 hours ago

FILE - U.N. Secretary-General Antonio Guterres listens to a speech during the opening of the High-L...

Associated Press

UN chief urges funds for Palestinians, saying Israel is forcing Gazans ‘to move like human pinballs’

UNITED NATIONS (AP) — The United Nations chief appealed for funding Friday for the beleaguered U.N. agency helping Palestinian refugees in Gaza and elsewhere in the Middle East, accusing Israel of issuing evacuation orders that force Palestinians “to move like human pinballs across a landscape of destruction and death.” Secretary-General Antonio Guterres told a donor’s […]

8 hours ago

Meals on Wheels employees take advantage of an assembly line to prepare bags of food for clients, F...

Associated Press

Houston community groups strain to keep feeding and cooling a city battered by repeat storms

HOUSTON (AP) — The deafening hum of a generator was a welcome noise Thursday evening at a Houston independent living center where several dozen seniors had lost power in the wake of Hurricane Beryl. Joe and Terri Hackl, who had pulled up with the backup electricity source after delivering hundreds of meals all day, estimate […]

9 hours ago

Twin sisters Jo and Joy Banner pose for a photograph in front of their business, Fee-Fo-Lay Café, ...

Associated Press

Historically Black Cancer Alley town splits over a planned grain terminal in Louisiana

WALLACE, La. (AP) — Sisters Jo and Dr. Joy Banner live just miles from where their ancestors were enslaved more than 200 years ago in St. John the Baptist Parish, Louisiana. Their tidy Creole cottage cafe in the small, river-front town of Wallace lies yards away from property their great-grandparents bought more than a century […]

9 hours ago

Sponsored Articles


Midwestern University

Midwestern University Clinic visits boost student training & community health

Going to a Midwestern University Clinic can help make you feel good in more ways than one.


Collins Comfort Masters

Here’s how to be worry-free when your A/C goes out in the middle of summer

PHOENIX -- As Arizona approaches another hot summer, Phoenix residents are likely to spend more time indoors.


Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

Sam Bankman-Fried’s lawyers renew claim that the FTX founder can’t prepare for trial behind bars