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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:56:00

While ago, the judge deciding to invoke the $250,000 bail for sam bankman-fried read and remanding him took custody. that means he will sit in jail until his trial is scheduled to start in october. we are getting reports from the court he is in handcuffs and his defense counsel does plan to lodge an appeal on this decision. but in the short term, he will spend his time in prison. accused of defrauding investors out of billions of dollars in a crypto scheme. today, the judge heard arguments from both sides, prosecutors asking the court to revoke bail after a new york times article published details from caroline ellison s private writings last month. ellison, the former co-ceo of alameda research, the sister company to the crypto exchange ftx, she is also bankman-fried s ex-girlfriend. she previously pleaded guilty to numerous counts of wire fraud and conspiracy and ellison is ....

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