After Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York revoked Sam Bankman-Fried’s (SBF) bail on Friday, August 11, the former CEO and disgraced founder of the bankrupt cryptocurrency exchange FTX has spent three nights at the Metropolitan Detention Center, Brooklyn (MDC Brooklyn).
Unfortunately for SBF, MDC Brooklyn is considered one of the worst prisons in New York City and is infamous for its horrible conditions and inmate maltreatment. Judge Kaplan acknowledged that the detention center “is not on anybody’s list of five-star facilities.”
SBF Detained at MDC Brooklyn
Federal prosecutors sought to reverse SBF’s $250 million bail in July after he attempted to tamper with witnesses. At the time of the request, the FTX founder was under house arrest at his parent’s $4 million home in Palo Alto, California.
The Department of Justice pushed to revoke the bail because SBF’s activities, including using a virtual private network to conceal his internet activities, violated his bail conditions. The 31-year-old former CEO also reached out to FTX’s general counsel, suggesting that they become resourceful to each other.
To crown it all, he leaked the private writings of Caroline Ellison, his ex-girlfriend and former CEO of FTX sister trading firm Alameda Research, to a New York Times reporter. As per the Justice Department’s accusations, SBF attempted to cast Ellison in a negative light to make her look like a jilted lover, thereby discrediting her as a witness in his upcoming trial.
One of the Worst Prisons in NYC
Following the hearing Friday, SBF was moved to MDC Brooklyn, a U.S. federal administrative detention facility housing both male and female prisoners of all security levels. Originally built to accommodate 1,000 inmates, the center houses more than 1,600 prisoners.
Lawyers have complained about overflowing toilets, plastic in inmates’ meals, and contaminated water, amongst other horrific living conditions at the MDC. On one occasion during winter in 2019, inmates suffered days without heat, electricity, and hot meals due to a power outage. Prisoners who protested the conditions were pepper sprayed, thrown in solitary confinement, and had their toilets shut down.
The MDC has held high-profile individuals like American singer cum convicted sex offender R. Kelly, child sex trafficker Ghislaine Maxwell, and American rapper Fetty Wap.
Meanwhile, SBF’s lawyers disclosed their intent to appeal Judge Kaplan’s decision.
Featured Image Courtesy of The Intercept
The post Inside The Horrible New York Jail Where SBF is Held Ahead of His Trial appeared first on CryptoPotato.
[PRESS RELEASE – Tortola, British Virgin Islands, 29th September 2022] Decentral Games, the play & own Metaverse studio behind ICE Poker, Decentraland’s most popular gaming venue, have implemented a plan that would see ICE token emissions drop by 55%. The drop is achieved by changing the type of rewards obtained by delegated players who are…
After going through an impulsive bullish rally, Ripple has broken through several resistance levels, such as the 50-day moving average, the multi-month triangle pattern, and its previous major swing highs. However, the price now faces a significant decisive resistance zone at $0.55. Technical Analysis By Shayan The Daily Chart Following an impulsive spike, the price…
The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its own central bank digital currency (CBDC). China’s Most Recent CBDC Push According to a recent tweet by the local news…
Crypto markets have been flying this year, but an ongoing depressed outlook for the world economy could clip those wings. According to a WEF report on Jan. 16, the International Monetary Fund (IMF) expects around a third of the global economy to enter a recession in 2023. “Global growth prospects remain anaemic and global recession…
There are exactly 250 days to go before Bitcoin’s next halving event. After that, the BTC reward that miners receive for adding new blocks to the blockchain will be slashed in half from the current 12.5 BTC to 6.25 BTC. As the landmark event approaches, the internet is speculating about whether or not it will…
The owner of the Dallas Mavericks – Mark Cuban – praised Ethereum and its native cryptocurrency as the investment option with the most upside potential. Speaking of bitcoin, he once again said it is superior to gold. Investors Should Pick ETH In a recent interview for CNBC, the American billionaire Mark Cuban advised beginners in…
XRP failed to break the key resistance and is now found in a downtrend. Key Support levels: $0.48, $0.43 Key Resistance levels: $0.54 1. XRP Rejected by Key Resistance Buyers made several attempts to break the key resistance at $0.54. However, each time they were rejected by sellers. Because of this, the price action has
The weekends continue to bring adverse price developments for bitcoin as the asset fell to a six-day low of $35,000. The situation with the alternative coins is similar, with ETH dumping to $2,200 and BNB below $340. The total market cap is down by $100 billion in a day. Bitcoin Slips to 6-Day Low The…
Bitcoin worth over $60 million has been transferred from dormant wallets that have remained inactive for over a decade. The transfer, which occurred yesterday, involved the movement of 1,000 BTC, valued at $62.8 million according to current prices. Dormant Addresses Move BTC Worth $62.8 Million According to on-chain data, two Bitcoin wallet addresses, dormant since