If you have
- lots of money
- connections overseas
- and an actual home in another country
I think it's really hard to find an appropriate bail even if you aren't witness tampering.
this post was submitted on 12 Aug 2023
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This is the best summary I could come up with:
NEW YORK, Aug 11 (Reuters) - Sam Bankman-Fried is heading to jail after a U.S judge on Friday revoked his bail, finding probable cause that the indicted founder of the bankrupt FTX cryptocurrency exchange tampered with witnesses at least twice.
U.S. District Judge Lewis Kaplan's decision to jail the 31-year-old former billionaire ahead of his Oct. 2 fraud trial over FTX's November 2022 collapse came after prosecutors said he had "crossed a line" by sharing private writings by former romantic partner Caroline Ellison with a New York Times reporter.
Bankman-Fried, who has pleaded not guilty, sat with his shoulders hunched, leaning forward on the table and fidgeting with a Post-It note as the judge order him detained.
Bankman-Fried rode a boom in the value of bitcoin and other digital assets to build a net worth of an estimated $26 billion and become an influential political donor in the United States, but FTX's collapse wiped out his fortune.
Kaplan said Bankman-Fried's decision to show Ellison's writings to the Times reporter during an in-person meeting, rather than in an electronic message that could have been monitored by prosecutors, suggested malign intent.
Many defendants awaiting trial in New York City are held at Brooklyn's Metropolitan Detention Center, which has been plagued by persistent staffing shortages, power outages and reports of maggots appearing in inmates' food.
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There is a long line of similar fraudsters but only this one and a very small percentage of others face any consequences.