FTX Founder Sam Bankman-Fried has requested permission to remain in a temporary detention facility in New York City. Bankman-Fried’s legal team is seeking consent for him to stay at the Metropolitan Detention Center in Brooklyn, where he has been held since August 2023. They argue that staying in Brooklyn would facilitate coordination with his appeal lawyers as he plans to challenge his conviction and sentencing.

On March 28, Bankman-Fried was sentenced to 25 years on seven fraud and money laundering charges. His lawyer, Marc Mukasey, revealed plans to appeal the conviction. Judge Lewis Kaplan decided that Bankman-Fried should serve his sentence in a prison near the San Francisco Bay Area due to his family’s proximity to that location. This decision was made before Bankman-Fried’s bail was revoked in August 2023, following a period of confinement at his parents’ home near Stanford University in California.

Bankman-Fried was the only one among his colleagues not to plead guilty in the aftermath of the FTX and Alameda Research scandal. 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 FTX executive, is set for sentencing on May 28 after admitting guilt last September.

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