In FTX
Bankman Fried
Case October
Trial
Reaffirmed As
Zoom and Pen
Registers
Mulled
By Matthew
Russell Lee, Patreon Maxwell
book
SDNY COURTHOUSE,
March 10 –
Sam
Bankman-Fried
of FTX was
indicted in
the U.S.
District Court
for the
Southern
District of
New York,
leading to his
arrest in the
Bahamas on
December 12, and
extradition to
the US on
December 21.
On
February 28,
with
Bankman-Fried free
on bond, FTX's
Nishad Singh pleaded
guilty to six
criminal
charges. Inner
City Press put the
charging document
on its DocumentCloud
here.
On
March 10,
Judge Kaplan
held a
proceeding. Inner
City Press was
there and
live tweeted,
thread here:
OK -
now US v
Bankman-Fried
case
before
Judge Kaplan
on conditions
of release,
VPN, Python,
paid
consultants-
& 2
laptops of
unnamed FTX
employees?
All
rise!
Judge
Kaplan: I have
your letters.
Let me hear
about
discovery.
SBF's
lawyer Cohen:
Sounds like
we're going to
get a lot of
material in
March. And
April. So we
think the
motion
schedule needs
to be
adjusted.
We still want
an October
trial date.
Judge
Kaplan: I'm
happy the
sides are
working
amicably. Now,
the bail
conditions
Judge
Kaplan: I
looked at the
proposal of
March 3 and I
come to a
broad
conclusion and
a list of
questions. The
broad
conclusion,
and it's
provisional,
is that even
if we do all
of these
things, there
is no 100%
guarantee
possible,
given the
defendant's
liberty
Judge
Kaplan: I am
prepared to
allow VPN for
now, but I
need an order
to sign. SBF's
lawyer: We'll
prepare
something.
Judge Kaplan:
It's like
we're
negotiating a
trust
indenture here
[Lawyers
laugh]
Judge
Kaplan:
I'll docket
this. Have a
good weekend.
More with
analysis on Substack
here
***
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