Lewis
Kaplan, the judge presiding over the case between the United States and Sam
Bankman-Fried, the Founder of bankrupt crypto exchange, FTX, may consider
issuing a gag order proposed by the US Attorney’s Office, according to media
reports. US prosecutors reportedly filed a draft of the order in a
letter to the US district court in New York today (Monday).

DoJ Accuses
Bankman-Fried of Leaking Diary

The proposed order comes days after the Department of Justice (DoJ) accused
Bankman-Fried of sharing with the media personal documents belonging to
Caroline Ellison, his former ally and romantic partner. The order, according to
CoinDesk, will bar parties, attorneys and agents involved in the case from
“publicly disseminating or discussing with any public communications media
anything about the case which could interfere with a fair trial.”

The order will also prohibit the parties from making statements intended to influence public opinion on the
merit of the case. In addition, it will forbid statements about the
identity, testimony or credibility of prospective witnesses, particularly information
that has not been considered admissible at trial. However, the order does
not prohibit speaking on information already available in public court filings
or claims of innocence, according to Cointelegraph.

Finance
Magnates reported that the DoJ alleged that ‘personal and raw’ details
about Ellison contained in a New York Times article published last week were
disclosed by Bankman-man. In the court filing, the federal prosecutor contended
that Bankman-Fried made the move to interfere with a ‘fair trial’ by an impartial jury.
He allegedly sought to publicly discredit a government witness and cast
Ellison ‘in a poor
light’.

As a
result, the DoJ asked the court to issue an order that limits extrajudicial
statements by parties and witnesses likely to interfere with a fair trial. The enforcement agency noted that Ellison, who
pleaded guilty to criminal charges last year, is cooperating with public authorities to testify against Bankman-Fried in his
upcoming trial billed to start in October.

Bankman-Fried ‘Did Nothing Wrong’

Meanwhile,
Bankman-Fried’s lawyers, in response to federal prosecutors, said the crypto
exchange’s Founder “did
nothing wrong.” In a court filing submitted on Sunday, the crypto entrepreneur’s counsel consented to a court order limiting extrajudicial statements but argued that the order must apply ‘equally’ to all parties
and witnesses.

“This would
include all current and former employees of FTX, Alameda Research, and the FTX
Debtor entities, including John Ray,” the lawyers noted. Finance Magnates reported that
Ray in the past criticized
Bankman-Fried’s management of the exchange, saying the business saw a
‘complete failure of corporate controls’ under the Founder.

Bankman-Fried,
who has failed to successfully dismiss
several of the federal criminal charges filed against him by the DoJ, has pleaded
not guilty to the allegations. FTX collapsed last year under Bankman-Fried’s
leadership. Some of the charges against him include conspiracy to commit securities
fraud and violate the anti-bribery
provisions of the
Foreign Corrupt Practices Act.

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This article was written by Solomon Oladipupo at www.financemagnates.com.