BlocksInform
FTX News: Former FTX founder (SBF) proposes the names of two technology consultants that will help determine appropriate bail restrictions in his criminal fraud case. Sbf was given a Friday deadline to nominate at least one technical consultant to prevent him from further bonding restrictions.
Lawyers representing Sam Bankman-Fried on Wednesday submitted details on two people that will help US District Judge Lewis Kaplan decide appropriate bail restrictions for him. Sbf nominated Edward Stroz and Michael McGgowan for the record.
Edward Stroz worked as an FBI agent for more than 15 years and led a global digital forensics and computer investigations company for almost two decades.
Michael mcgowan has been an expert in digital forensics for over 19 years. He has been involved in a number of high-profile cases, like authenticating text messages from baseball player Alex Rodriguez about drug use and revealing a fake deal in a lawsuit against Mark Zuckerberg for half of his facebook shares.
FTX News: Judge Gave Sam Bankman-Fried A Fair Chance
Judge Kaplan in February asked Sam Bankman-Fried to suggest a technical consultant that will help determine appropriate restrictions in his bail. The defendants have a fair opportunity to make their case in American law, which balances the rights and needs of the defendant with the integrity of the judicial process.
Federal prosecutors earlier allege SBF for using encrypted-messaging apps and VPN to contact FTX employees and executives. Prosecutors have requested that the court extend his conditions of release because of new allegations. In addition, the judge threatened to revoke the conditions of his bail altogether and send him to prison if he was not satisfied with the restrictions, before his trial in October.
Recently, Sam Bankman-Fried was hit with 4 new charges including securities fraud and conspiracy to commit bank fraud, political contributions that manipulated the U.S. 2022 midterm elections. SBF is under house arrest with a bond set at $250 million and his trial scheduled on October 2. So far, Bankman-Fried has pleaded not guilty on every count.
Also Read: US Treasury Will Lead A Working Group That Looks Into Digital Dollar
