Jailed Sam Bankman-Fried can’t prepare for trial without vegan diet and adequate meds, lawyers say
FTX founder Sam Bankman-Fried can’t adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter, his lawyers told a magistrate judge Tuesday.
The lawyers made their complaints at a federal court hearing in Manhattan after Bankman-Fried pleaded not guilty to seven charges he’ll face at his Oct. 3 trial, including wire fraud and multiple conspiracy counts.
Bankman-Fried was extradited from the Bahamas in December after prosecutors said he stole billions of dollars in FTX customer deposits, spending tens of millions on his businesses, speculative venture investments, charitable donations and illegal campaign contributions aimed at influencing cryptocurrency regulation in Washington.
The 31-year-old California man, wearing a drab beige prison uniform, was making his first court appearance since his $250-million bail was revoked 10 days ago by Judge Lewis A. Kaplan. The judge had granted a request by prosecutors to jail him after agreeing that the fallen cryptocurrency whiz had repeatedly tried to influence witnesses against him.
Magistrate Judge Sarah Netburn, presiding over Tuesday’s hearing, told Bankman-Fried’s attorneys that she would not overrule Kaplan’s rulings about access to computers, but that she would see if she could get the Metropolitan Detention Center in Brooklyn to provide medications and a diet more closely aligned to the defendant’s vegan preferences.
FTX founder Sam Bankman-Fried has been sent to jail after a bail hearing in New York City.
Attorney Mark Cohen told Netburn that Bankman-Fried hadn’t received medication that’s necessary for him to focus since he was sent to jail on Aug. 12.
He said his client continued to be served a “flesh diet,” leaving him to rely solely on bread, water and sometimes peanut butter.
“Your honor, that’s outrageous and needs to be remedied,” he said of his client, who had shuffled into the courtroom, his legs shackled.
Another defense attorney, Christian Everdell, told Netburn that Bankman-Fried was being denied the right to adequately prepare for trial because he was allowed only two days a week to review millions of pages of evidence.
“There is no way for him to effectively prepare for his defense,” Everdell said.
Indicted crypto billionaire Sam Bankman-Fried’s $250-million bail deal was the largest ever, secured with his parents’ house. But they aren’t typical homeowners.
Before his bail was revoked, Bankman-Fried had been permitted to live with his parents in their Palo Alto home with strict rules limiting his access to electronic devices.
Kaplan ordered him jailed after concluding that there was probable cause to believe he had committed the federal crime of attempted witness tampering.
He cited an attempt by Bankman-Fried to communicate with the FTX general counsel in January and his disclosure to a journalist several weeks ago of some private writings by Caroline Ellison, his former girlfriend and the ex-CEO of Alameda Research, a cryptocurrency trading hedge fund that was one of his businesses.
The judge said the writings were kinds of things that a former romantic partner was unlikely to share with anyone “except to hurt, discredit, and frighten the subject of the material.”
