New jail saga for Sam Bankman-Fried

August 14, 2023

Dear Reader,

Sam Bankman-Fried just couldn't help himself.

The disgraced former FTX CEO loves jumping into the fire.

This time he "allegedly" tried to influence or intimidate witnesses.

He was led out of a New York court in cuffs.

The judge also revoked his bail.

Odds are good he will spend his time in jail until his two trials end.

How did all of this transpire?

Until this momentous occasion, "SBF" was out on $250 million bail.

Keeping him out of custody since December 2022.

Like I said earlier, he just couldn't keep on the down-low.

Sam decided to talk to the New York Times.

Those interviews led to him sharing some sensitive information.

Prosecutors say his intention was "to hurt and frighten" his former girlfriend.

Who is also former Alameda Research CEO Caroline Ellison.

The U.S. attorney's office says this was not his only infraction.

He violated numerous bail conditions with impunity.

Including using a prohibited app to message FTX US general counsel.

Using a virtual private network to use the world wide net.

And others.

Some people really do think the rules do not apply to them.

One rule does apply to every crypto investor.

To find great deals…

You have to know where to look.

Cointelegraph Markets Pro gives you the data and intel to make smarter investing decisions.

Regards,

Russell DeCorte
Director
Markets Pro