Sam Bankman-Fried’s most recent attempt to be released was turned down by the U.S. Court of Appeals for the Second Circuit, therefore, he will remain behind bars while his attorneys attempt to appeal his case.
In a letter dated November 21, Clerk of Court Catherine O’Hagan Wolfe stated, “We have reviewed the Defendant-Appellant’s additional arguments and find them unpersuasive.” Before his initial trial, Bankman-Fried attempted to influence two witnesses, the court said.
The ruling stated, “The record shows that the district court thoroughly considered all of the relevant factors, including the Defendant-Appellant’s course of conduct over time that had required the district court to repeatedly tighten the conditions of release.”
A jury found Bankman-Fried guilty on Nov. 2 of seven criminal counts of cheating FTX customers, lenders, and investors following a month-long trial. He is waiting for his March 28 sentencing.
Initially placed under house arrest at his parents’ Palo Alto, California, home in January, the disgraced former CEO texted witnesses, chatted with the media, and released Caroline Ellison’s journal to the New York Times before his trial. In October, the court revoked his bail.
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