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FTX founder should be limited to flip phone, no internet while on bail: officials

Sam Bankman-Fried should be allowed while on bail to have a flip phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices, the U.S. Department of Justice said.

Read more: Sam Bankman-Fried pleads not guilty in FTX fraud case

The proposal to limit the indicted FTX cryptocurrency exchange founder’s communications was filed late on Friday in Manhattan federal court, on behalf of the government and Bankman-Fried’s defense team.

It requires approval by U.S. District Judge Lewis Kaplan, who oversees the case.

Kaplan had signaled at a Feb. 16 hearing that he might jail the 30-year-old Bankman-Fried for testing the limits of his $250 million bail package by communicating in ways that could not be monitored.

The judge said he did not want to set Bankman-Fried “loose in this garden of electronic devices,” following accusations that Bankman-Fried tried to contact possible government witnesses and used a virtual private network to watch football.

Bankman-Fried pleaded not guilty after prosecutors said he stole billions of dollars of FTX customer funds to plug losses at his Alameda Research hedge fund. He faces 12 criminal charges under an indictment made public on Feb. 23.

The proposed flip phone or other non-smartphone for Bankman-Fried would be limited to voice calls and SMS text messages.

Laptop internet use would be restricted to specified virtual private networks, 23 websites for personal use covering news, including Reuters, sports and food delivery, and websites to help Bankman-Fried prepare for his scheduled Oct. 2 trial.

Read more: FTX scheme was ‘plain, old-fashioned embezzlement,’ new CEO tells U.S. Congress

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Donald Trump - Letitia James - Why isn't Donald Trump in cuffs if AG's probe found potential crimes? - fox29.com - New York - city New York - city Washington - city Chicago - city Manhattan
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Why isn't Donald Trump in cuffs if AG's probe found potential crimes?
NEW YORK (AP) - New York's attorney general says her three-year investigation of former President Donald Trump uncovered potential crimes in the way he ran his real estate empire, including allegations of bank and insurance fraud.So why isn't Trump being prosecuted?Attorney General Letitia James didn't seek to slap handcuffs on the Republican this week, as some of his critics hoped. Instead, she announced a civil lawsuit seeking $250 million and his permanent banishment from doing business in the state.Like many things involving the law and Trump, the reasons James, a Democrat, opted for a lawsuit rather than a prosecution are complicated.For one, even if she did want to prosecute Trump, she doesn't have jurisdiction under state law to bring a criminal case against him or any of the lawsuit's other defendants, including the Trump Organization and his three eldest children, Donald Jr., Ivanka and Eric Trump.In New York, the state attorney general's office is only allowed to prosecute a limited range of offenses on its own, like bid rigging and payroll violations.Otherwise, the office must partner with a county district attorney on a prosecution — as James' office did with the Manhattan district attorney's office in a case against Trump's longtime finance chief — or obtain what's known as a criminal referral from the governor or a state agency that has jurisdiction over the alleged wrongdoing.New York Attorney General Letitia James has filed a lawsuit against former President Donald Trump and the Trump Organization alleging business fraud involving several assets, including properties in Manhattan, Chicago and Washington, D.C.
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NY attorney general sues Donald Trump
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Ghislane Maxwell transferred to low-security Florida prison offering yoga, pilates
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Wells Fargo accused of holding fake job interviews with minority candidates: report
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