The efforts of Sam Bankman-Fried’s legal team to keep him out of prison have failed. On Friday afternoon, a judge’s decision required the former high-flying crypto entrepreneur to report to jail.
A federal judge in Manhattan, Lewis A. Kaplan, made the decision to cut short the house arrest under which Bankman-Fried had been living pending his trial. The basis for the ruling was alleged witness intimidation, which Bankman-Fried committed by handing over to reporters the private diary entries of former Alameda Research CEO (and his former girlfriend), Caroline Ellison.
Sam Bankman-Fried’s Leaking of Documents
The Google documents that Bankman-Fried shared with a New York Times reporter formed the basis for a July 20 article. Its title? “Inside the Private Writings of Caroline Ellison, Star Witness in the FTX Case.”
The article is every bit as sensational as its title makes it sound. Among the quotations from the diary entries that Ellison believed she was writing in privacy, not for public consumption, are such admissions as:
“I have been feeling pretty unhappy and overwhelmed with my job. At the end of the day I can’t wait to go home and turn off my phone and have a drink and get away from it all.”
In this entry, Ellison does not sound like an accomplished, confident CEO, but someone in way over her head. Another entry states, “It really doesn’t feel like there’s an end in sight.”
And in yet another entry quoted in the same article, she writes that breaking up with him “significantly decreased my excitement about Alameda.”
Prosecutors argue that the leaking of such documents was an attempt to intimidate a witness in the coming trial. Bankman-Fried also talked with author Michael Lewis for a book the latter is
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Author: Michael Washburn
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