Disgraced FTX founder Sam Bankman-Fried once again asserts his innocence in the US federal court. He now claims that the prison food is hindering his preparation for the upcoming October trial.
“The former billionaire was led into court wearing leg restraints and a beige-colored uniform for his first appearance since his bail was revoked on Aug 11,” the report states.
Subpar Prison Food Hampers SBF’s Trial Preparations
On Aug. 22, SBF’s lawyers reportedly informed the Manhattan federal court that he is surviving on a diet of “bread and water” in prison. It has been almost two weeks since the court revoked SBF’s bail on Aug. 11 for alleged witness tampering.
Despite his request for a vegan diet, the report indicates that the “lack of adequate food and medication” in prison is impeding SBF’s trial preparation efforts.
Facing seven charges of fraud and conspiracy, SBF entered a “not guilty” plea.
Prosecutors reintroduced allegations of violating US campaign finance laws, though not as a separate charge, to bolster the evidence for his wire fraud accusations.
These accusations followed claims that SBF used more than $100 million from misappropriated customer funds to foster political ties. Allegedly, the aim was to secure victories for pro-crypto industry candidates.
In late July, these charges were initially dropped after the Bahamas indicated they were not the grounds for extradition. However, this month, the prosecutors reconfigured these allegations to incorporate them as supplementary evidence.
Reportedly, after the hearing, SBF sought maternal support:
“After the hearing, Bankman-Fried spoke to his mother, Stanford Law School Professor Barbara Fried, across the low partition between the courtroom well and the galley.”
Author: Ciaran Lyons