FTX co-founder Sam Bankman-Fried was taken into custody after a federal judge revoked his bail less than two months before his scheduled fraud trial.
US District Judge Lewis A. Kaplan made the order at a hearing in Manhattan Friday afternoon. Bankman-Fried took off his jacket and tie, and was immediately placed in handcuffs as marshals escorted him out of the courtroom. His mother, who was also present, cried in the public gallery.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn