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SBF bail-modify bid fails

A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried’s bail conditions, despite an agreement with prosecutors addressing potential witnesstampering concerns.

US District Judge Lewis Kaplan in Manhattan did not give reasons for the denial, and said a bail hearing is still on for Thursday.

A spokesman for BankmanFried and for Manhattan US Attorney Damian Williams declined to comment.

Bankman-Fried, 30, has been free on $250 million bond and living in Palo Alto, Calif., with his parents, who guaranteed the bond, since pleading not guilty to looting billions of dollars from the now-bankrupt FTX.

On Tuesday, he formally appealed Kaplan’s Jan. 30 ruling granting a request by 11 media outlets to reveal the names of two other people guaranteeing his bail.

Bankman-Fried has said his parents, both Stanford Law School professors, had been harassed and there was “serious cause for concern” the additional guarantors might be, too.

BUSINESS

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2023-02-08T08:00:00.0000000Z

2023-02-08T08:00:00.0000000Z

https://nypost.pressreader.com/article/282338274032225

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