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FTX's CEO Bankman-Fried Requests Gag Order on Witnesses in High-Stakes Criminal Case

By Jerry McNeill
Jul 26, 2023
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Former FTX CEO SAM Bankman-Friced Has Agreed to a Gag Order Preventing Him From Making Comments to Third PARTIES THAT COULD Interfere With His Trial. July 20, after the us Government account business partner and witness, Caroline Ellison, in an interview with The New York Times. His law firm denied the allegations but agreed to the gag order, which restricts him from making comments that could discredit government witnesses or share classified information that might prejudice the jury .

However, Bankman-Fried's attorneys are requesting that the same gag order also apply to all parties and witnesses involved in the criminal trial, including the US government, former FTX employees, FTX debtor entities, Alameda Research, and others. as been a "toxic media environment" surrounding their client since FTX's collapse and point to current FTX CEO John Ray as one of the main culprits in making unprovoked attacks and defamatory comments against Bankman-Fried during the FTX bankruptcy proceedings.

The lawyers contend that Ray's repeated personal attacks on Bankman-Fried are unrelated to his role in recovering assets for FTX creditors and seemed aimed at publicly defeating him. They state that Bankman-Fried has no choice but to respond to such attacks. law firm accuses the US government of exercising a double standard by promoting articles designed to damage Bankman-Fried's reputation, which forms the basis for their request for the same gag order to be applied against him.

Bankman-Fried has pleaded not guilty to a series of fraud charges related to his alleged role in FTX's bankruptcy. The trial on these charges is set to begin on October 3. The gag order, if extended to other parties and witnesses, would seek to Maintain a fair trial process and prevent public comments that could potentially prejudice the case or interfere with its proceedings.

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