Bitcoin

In a recent development, Judge Lewis Kaplan has granted former FTX CEO Sam Bankman-Fried (SBF) the opportunity to confer with his legal counsel <a href="https://www.coinlive.com/news-detail/180334" rel="noopener noreferrer nofollow">beyond the confines of incarceration</a>, provided that adequate prior notice is provided. The order, issued yesterday and documented within the United States (US) District Court for the Southern District of New York, signifies a notable decision by Judge Lewis. The ruling permits SBF to access pertinent discovery materials pertinent to his ongoing criminal case, all within a designated cell block at the courthouse. This access will be permitted with a stipulated 48-hour notice period extended to both the prosecution and the US Marshals Service.The order in question emerged as a prelude to Judge Lewis’ forthcoming determination, one which hinges upon the motions presented by both the Justice Department and SBF&#39;s legal defense team. The central subject of these motions pertains to the quantum of time that the former FTX CEO, SBF, should be granted outside the confines of the Metropolitan Detention Centre in Brooklyn. This critical time outside is intended to facilitate his direct involvement in orchestrating a robust defense for his ongoing case.The judge’s decision aligns with the contours of an offer set forth by the US government on 18 August. Notably, the specific details of this offer remain largely concealed, as they were extensively redacted in the official filing. The filing, however, did highlight that the US Marshals Service put forth these &#34;extraordinary accommodations&#34; due to the unique and exceptional nature of this particular case.Within the ongoing legal proceedings, SBF&#39;s legal team has proactively advocated for his liberty outside of the detention centre for up to five days every week. This requested leeway is intended to afford SBF the substantial opportunity to actively contribute to the meticulous preparation of his own defense strategy.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1bbd71f7e3c149b7ae47db6e098b4bf4.png" />This judicial decree follows SBF&#39;s plea of not guilty in response to charges of fraud and conspiracy linked to the abrupt downfall of his cryptocurrency platform, FTX, in November 2022. Presently <a href="https://www.coinlive.com/news-detail/180334" rel="noopener noreferrer nofollow">confined within a correctional facility in Brooklyn</a> as he awaits his trial for the alleged fraud offenses, SBF&#39;s recent expressions of <a href="https://www.coinlive.com/news-detail/180560" rel="noopener noreferrer nofollow">dissatisfaction have brought to light concerns about his prison conditions</a>.Specifically, the embattled entrepreneur <a href="https://www.coinlive.com/news-detail/180560" rel="noopener noreferrer nofollow">voiced his grievances about the inadequate dietary options in prison, particularly given his adherence to a vegan lifestyle</a>. SBF underscored that the <a href="https://www.coinlive.com/news-detail/180560" rel="noopener noreferrer nofollow">subpar provisions of sustenance and medical care within the correctional setting</a> are hindering his diligent efforts to prepare for his forthcoming trial.<a href="https://www.coinlive.com/news-detail/180560" rel="noopener noreferrer nofollow">Facing a total of 12 criminal charges</a>, the former CEO of FTX will navigate through a bifurcated trial process, the first slated for October 2023, followed by the second in March 2024. Unwavering in his stance, <a href="https://www.coinlive.com/news-detail/180560" rel="noopener noreferrer nofollow">SBF has registered a plea of not guilty</a> in response to the entire array of charges against him.Source: https://www.coinlive.com/news-detail/180589

Judge Grants Temporary Green Light for SBF to Meet with His Legal Team

Coinlive

Other articles published on Aug 24, 2023

Empowering Decentralization: Base’s Journey with the Superchain

Binance Witnesses 5000 BTC Withdrawn in Just 60 Seconds

Digital Yuan ‘Spurs Rise in Mainland China-Hong Kong Cross-border Payments’

3 Crypto Presales Which Are Rapidly Selling Out, Get Involved Now

As Ripple (XRP) and Cosmos (ATOM) Dip, InQubeta (QUBE) Sees Influx of Traders – Is This The Next ...

FTX Wants to Get Mike Novogratz and His Galaxy Digital to Manage Its Crypto Riches

Join our free newsletter for daily crypto updates!