Former FTX CEO Sam Bankman-Fried is reportedly asking for a more lenient prison schedule to allow him to prepare for his defense ahead of the October trial.
Bloomberg reports that Bankman-Fried’s lawyers have written a letter to the U.S. District Judge Lewis Kaplan making the case for the former FTX CEO to be let out five days a week to review documents.
The report quotes Bankman-Fried’s lawyer Christian Everdell saying that the FTX co-founder will have “no hope of reviewing” the massive trove of documents under the existing prison schedule.
Bloomberg cites Everdell saying,
“Just last week the government produced three-quarters of a million pages of Slack communications, which were supposed to be produced months ago…”
The Bloomberg report says that Everdell in his letter to Judge Kaplan sought to have Bankman-Fried get access to an internet-enabled laptop and time to meet with his lawyers. Prison officials have reportedly resisted the idea of transferring the FTX co-founder to a smaller facility where he could access an internet-enabled laptop, which the prosecutors had initially suggested.
According to the report, prosecutors have said it’s impractical to load all the documents onto a laptop but have offered to load them onto hard drives which Bankman-Fried can then use on computers available at the Metropolitan Detention Center in Brooklyn, the main prison for defendants awaiting federal trials in the state of New York.
Bankman-Fried was arrested in December of 2022 and various criminal charges including wire fraud, commodities fraud and securities fraud filed against him. He was initially placed under house arrest on a $250 million bail but his terms were revoked earlier this month after he allegedly tampered with a witness. His trial is set to kick off on October 2nd.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
