Bankman-Fried Denied Release by Court of Appeals
Sam Bankman-Fried, who has been in the Metropolitan Detention Center since August, has been denied release by the Court of Appeals. His lawyers filed a motion to secure his release while preparing for his appeal, but the court’s clerk rejected the plea, stating that continued imprisonment is necessary.
Credible Evidence of Witness Tampering
The decision to deny Bankman-Fried’s release is based on credible evidence that he attempted to influence two witnesses. This played a significant role in the court’s decision against releasing him.
No Viable Alternatives to Detention
The court also dismissed the argument that alternatives to detention were not adequately evaluated. The district court had already tightened release conditions due to Bankman-Fried’s actions and concluded that detention was the only viable option.
The district court thoroughly considered all relevant factors, including Bankman-Fried’s repeated conduct that required tighter release conditions.
Unpersuasive Arguments and Determination to Challenge
The court described Bankman-Fried’s arguments as “unpersuasive” and denied them as moot. His sentencing is scheduled for March 28, 2024, and his legal team remains determined to challenge the case in the Court of Appeals.
Hot Take: Bankman-Fried Denied Release as Court Upholds Continued Imprisonment
Despite Sam Bankman-Fried’s efforts to secure his release from the Metropolitan Detention Center, his appeal for provisional release has been denied by the Court of Appeals. The court firmly maintains that continued imprisonment is necessary based on credible evidence of witness tampering and a lack of viable alternatives to detention. With his sentencing approaching, Bankman-Fried’s legal team remains determined to challenge the case in the Court of Appeals. The outcome of his appeal will have significant implications for his potential century-long sentence.
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