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Sam Bankman-Fried Requests to Remain in Brooklyn Prison Until Appeal Process

Sam Bankman-Fried, the founder of FTX, has submitted a request to the U.S. District Court seeking permission to continue staying at the Metropolitan Detention Center in Brooklyn, New York.

Bankman-Fried has been held at this facility since August 2023 and his legal representatives argue that remaining in Brooklyn would facilitate coordination with his appeal lawyers as he prepares to challenge his conviction and subsequent sentencing.

In March, Bankman-Fried was sentenced to 25 years in prison on seven charges of fraud and money laundering. His lawyer, Marc Mukasey, disclosed plans to appeal the conviction during the sentencing hearing.

Initially, Judge Lewis Kaplan had ordered Bankman-Fried to serve his sentence in a prison near the San Francisco Bay Area, considering the proximity of his family to that location. This decision was made before Bankman-Fried’s bail was revoked in August 2023, following a period of being confined to his parents’ home in California near Stanford University.

Bankman-Fried stood out among his colleagues involved in the FTX and Alameda Research scandal as he was the only one not to plead guilty. Others charged in the same case, including Caroline Ellison, Gary Wang, Nishad Singh, and Ryan Salame, entered guilty pleas and agreed to cooperation deals.

Ryan Salame, a former executive at FTX, is scheduled for sentencing on May 28 after admitting guilt last September.

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