Legal professionals representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary lodging” supplied by authorities have been inadequate to ensure that him to arrange for his prison trial in October.
In an Aug. 25 submitting in United States District Courtroom for the Southern District of New York, SBF’s authorized group stated the plan proposed by prosecutors to permit the previous FTX CEO entry to discovery supplies earlier than trial have been insufficient. Legal professionals stated the U.S. Justice Division produced roughly 4 million pages value of discovery supplies on Aug. 24 and there have been “hundreds of thousands of pages of paperwork and terabytes of information” left for SBF to evaluate for his prison trial.
“We don’t imagine that something wanting non permanent launch will correctly handle these issues and safeguard Mr. Bankman-Fried’s proper to take part in his personal protection,” stated the submitting. “Earlier than his bail was revoked, Mr. Bankman-Fried was spending 80-100 hours every week reviewing the voluminous discovery and creating detailed analyses that he might replace continuously and share together with his attorneys.”
Bankman-Fried had been free on a $250-million bond for roughly 8 months following his extradition from the Bahamas and arraignment within the U.S. in December 2022. Nonetheless, following allegations of witness intimidation of former Alameda Analysis CEO Caroline Ellison, a federal choose revoked his bail. Since Aug. 11, roughly two months earlier than the beginning of his first prison trial, SBF has been remanded to the Metropolitan Detention Middle in Brooklyn.
Since his bail was revoked, SBF’s authorized group has been pushing for fewer restrictions permitting him time exterior jail to be able to put together for trial. A choose dominated on Aug. 21 that SBF be allowed roughly seven hours within the New York courthouse cell block lawyer room on Aug. 22, and later issued an order giving him access to the same space with one laptop computer and wifi-enabled system on a seemingly limitless foundation supplied his legal professionals gave 48 hours’ discover.
“Mr. Bankman-Fried wants fixed entry to an internet-enabled pc that permits him to evaluate paperwork from discovery, lookup related context for the proof on-line, draft and edit work product analyzing the paperwork and knowledge, and share these paperwork and analyses together with his attorneys,” claimed his authorized group. “The Authorities’s present plan […] comes nowhere near this.”
SBF’s first of two trials is scheduled to start on Oct. 3, by which he’ll face seven costs associated to fraudulent actions involving person funds at FTX and Alameda Analysis. The second trial, scheduled for March 2024, will embrace 5 different prison costs.
Based on court docket filings, Bankman-Fried’s authorized group might pursue a defense claiming the previous CEO acted “in good religion” on recommendation of legal professionals from Fenwick & West and FTX’s in-house counsel. These allegedly unlawful actions included SBF directing that sure communications between FTX and Alameda workers be mechanically deleted.