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Prosecutor: FTX founder committed 'one of the biggest financial frauds' in US history
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JUST WATCHED
Prosecutor: FTX founder committed 'one of the biggest financial frauds' in US history
New York (CNN)A federal judge is set to consider a gag order on former FTX CEO Sam Bankman-Fried after prosecutors accused him of leaking his former girlfriend and business partner's personal writings to the New York Times.
Prosecutors said last week that Bankman-Fried, 31, had attempted to discredit their star witness, Caroline Ellison, who is expected to testify against Bankman-Fried at his trial in October.
US District Court Judge Lewis Kaplan was expected to rule on a so-called gag order that would prevent Bankman-Fried from discussing his case publicly. At a previous bail hearing, Kaplan alluded to the possibility of revoking Bankman-Fried's bail deal and forcing him to await trial in jail. But he has also extended leniency on Bankman-Fried's use of electronic devices, citing the complexity of his case.
Lawyers for Bankman-Fried responded that they would comply with a gag order but requested that it apply equally to all parties, including "the government and all potential witnesses in this case."
Bankman-Fried was due in federal court in New York Wednesday afternoon. The bail hearing, scheduled for 2 pm ET, marks yet another pre-trial stumble for Bankman-Fried, who was released on a $250 million bond following his arrest in December. He is preparing for trial under house arrest at his parents' Palo Alto, California, home.
