Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Attorneys for Sam Bankman-Fried (SBF) have requested Judge Lewis Kaplan to issue a directive allowing certain individuals to visit their client without the requirement of security screenings.
Although he is permitted to stay at his parents’ residence, the former FTX CEO is under stringent limitations. He is required to wear an electronic monitoring device, and a security guard must be present if he has visitors.
SBF’s Request
Bankman-Fried’s legal representatives submitted a formal letter to New York District Court Judge Lewis Kaplan, seeking permission for individuals from their client’s close circle, referred to as “close friends,” to meet him at his parents’ home in Palo Alto, California. They argued that these meetings could occur without the constant presence of a security guard:
“On behalf of our client, Samuel Bankman-Fried, we write to respectfully request that the Court issue an order permitting the people on the attached list to visit his parents’ house without the need for a security guard to be present.”
In addition to “close friends,” the list comprises associates of Barbara Fried and Joseph Bankman (SBF’s parents).
The attorneys also asked for the identities of these individuals to remain confidential for security reasons.
ADVERTISEMENT
Related Posts
“Here, even assuming that the list of people can be considered a ‘judicial document,’ the individuals’ privacy and safety interests greatly outweigh any presumption of access to the list and justify protecting their identities from public disclosure,” the letter states.
Challenges for the Family
Keeping the identities “under seal” may be warranted, as SBF and his parents have previously been targets of violence and harassment.
As reported by CryptoPotato in January, three men drove their vehicle into the barricade of the residence, telling a security officer:
“You won’t be able to keep us out.”
They then returned to their vehicle and left without being identified. This incident occurred two months after the collapse of FTX, and shortly thereafter, a New York federal judge allowed SBF to reside with his family under a $250 million bond.
It remains uncertain whether the men in the vehicle were disgruntled investors from the now-defunct exchange seeking retribution for their potential losses.
Bankman-Fried is facing numerous fraud allegations and is considered by many regulators and agencies to be the primary architect behind the collapse. The trial scheduled for October will determine his guilt and the subsequent penalties.
SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
