FTX founder Sam Bankman-Fried prison trial schedule revealed

Home » FTX founder Sam Bankman-Fried prison trial schedule revealed
FTX founder Sam Bankman-Fried prison trial schedule revealed

Former FTX CEO Sam Bankman-Fried will spend a minimum of 21 days in court docket as a part of his prison trial, which is able to start in earnest on Oct. 4 and final till Nov. 9, in response to a newly launched trial calendar posted to the general public court docket docket.

The burgeoning trial calendar, launched on Sept. 28, begins on Oct. 3 with jury choice. The primary official date of the Bankman-Fried trial is Oct. 4, the place they are going to start discussing seven fraud fees laid towards him.

There are two substantive fees the place the prosecution should persuade a jury that Bankman-Fried had dedicated the crime. 5 different “conspiracy” fees contain the prosecution convincing a jury that Bankman-Fried deliberate to commit the crimes.

There are 15 full trial days in October and one other six in November. The court docket won’t be in session between Oct. 20 and Oct. 25 and on weekends. Public holidays additionally fall on Oct. 9 and Nov. 10 and there may be additionally no trial slated for Nov. 3.

United States vs. Sam Bankman-Fried trial calendar. Supply: Courtlistener

The previous FTX CEO has been serving pre-trial detention on the Metropolitan Detention Middle since Aug. 11. By means of his attorneys, Bankman-Fried has filed quite a few motions for short-term launch to organize for his upcoming trial.

His newest try was knocked again once more on Sept. 28 by U.S. District Decide Lewis Kaplan, suggesting Bankman-Fried could be a flight danger, given his younger age and a “very lengthy sentence” if convicted.

“If issues start to look bleak … perhaps the time would come when he would search to flee.”

Nonetheless, Kaplan stated that he was sympathetic to the protection’s issues, and has granted Bankman-Fried permission to reach at court docket at 7am native time on most trial days to talk along with his attorneys earlier than testimony begins.

Associated: Sam Bankman-Fried’s short-term launch request denied as trial date looms

Throughout the listening to on Sept. 28, assistant U.S. legal professional Danielle Kudla stated the Division of Justice estimated the case might final 4 to 5 weeks.

SBF, who pleaded not responsible to seven counts of fraud and conspiracy following the collapse of FTX, faces a statutory most of 110 years in jail.

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