On Tuesday, Sam Bankman-Fried, the former crypto billionaire, entered a plea of not guilty to an amended claim of fraud and money laundering, making it his first court appearance since getting sent to the Brooklyn jail for a trial.
According to his vegan diet, Bankman-Fried’s attorney, Mark Cohen, explained to the court that his client was eating only bread and water “sometimes, peanut butter” at the Metropolitan Detention Center Brooklyn, an overcrowded facility notorious for keeping inmates in harsh conditions.
Judge Netburn announced that she would contact the Bureau of Prisons regarding the inadequate accommodations and provisions of Bankman-Fried. Moreover, prior to coming to Brooklyn the 31-year-old, more commonly termed SBF, lived under house arrest in his parents’ plush, Palo Alto home in California.
The operations of SBF’s crypto trading site, FTX, generated its own flurry of accusations whose apparent fraud and financial ties to his hedge fund, Alameda Research, decimated the platform and thrust Bankman-Fried into ongoing federal investigations, putting him in range of an unpalatable life sentence conviction on all impending charges.
Finally, in court documents released Monday, the presiding Judge with an agreement of the District Attorney, Lewis Kaplan, SBF was designated from 8:30 am until 3 pm, relative weekday consultation sessions with his lawyers.