Legal troubles for Sam Bankman Fried(SBF), the alleged person behind the massive collapse of FTX Trading Ltd, are on mounting up. In the latest court proceedings, a federal judge declined the SBF’s proposal to modify the bail conditions.
US District Judge Lewis Kaplan rejected the SBF lawyer’s appeal without providing any reasons. However, he announced that a hearing on bail remains pending on February 9, 2023. The judge went on to reject the accord that allowed SBF to use several communication applications.
Meanwhile, this move comes in when FTX founder and prosecutors had an agreement to address potential witness tampering distress.
The new court filings have revealed that SBF and his team of lawyers appealed to Judge Kaplan’s order to disclose the identities of two individuals involved in the $250 million bail bond. This implies that the people who helped Sam Bankman-Fried to secure his bail package will remain a secret for now.
The alleged man behind the horrible crash of SBF is living on a $250 million bond in Palo Alto, California. However, his parent guaranteed the bond after the court’s decision.
Attorney Jeremy Hogan stated that this is an interlocutory appeal in the FTX Case. He stated that this appeal is very rare and a hard one to win. This appeal implies that the alleged person really doesn’t want to reveal the individual details in public.
Hogan added that this is an appeal of a non-final ruling. A person can always go for a final ruling, however, they can’t always appeal an interlocutory order which makes it more difficult.