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Sam Bankman-Fried Faces Jail as DOJ Pushes for Incarceration

FTX founder Sam Bankman-Fried's defense isn't denying that he shared former Alameda Research CEO Caroline Ellison's diary with the New York Times, and so he should be "detained pending trial," the U.S. Department of Justice said again in a filing late Thursday. The filing, the second from the DOJ and the third in the ongoing back-and-forth between the ex-FTX CEO's attorneys and the prosecutors accusing him of massive financial fraud, presents the DOJ's view that Bankman-Fried went far beyond making a "fair comment" in sharing the diary, which his team conceded he did both during a court hearing last Wednesday and in a filing earlier this week.

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