NYT Fights DOJ to Let Former FTX CEO Speak Freely
• The New York Times is asking the court to lift a gag order preventing Sam Bankman-Fried from talking to the press after the publication of an article about his close associate, Caroline Ellison.
• The U.S. Department of Justice accuses Bankman-Fried of witness tampering and has issued a temporary order prohibiting all parties from discussing any details about the case with the media.
• The New York Times’ senior vice president and deputy general counsel David McCraw is asking Judge Lewis A. Kaplan to reconsider the gag order, arguing that there is a legitimate public interest in learning more about Ellison and her activities at FTX trading arm Alameda Research.
Fight DOJ’s Attempt To Stop Former FTX CEO From Talking To Press
The New York Times (NYT) is pushing back against a gag order imposed by the U.S. Department of Justice (DOJ), which limits statements that Sam Bankman-Fried can make to the press after NYT published an article on his close associate, Caroline Ellison. The DOJ has filed a motion to stop Bankman-Fried and his attorneys from making “prejudicial extrajudicial statements” as Ellison is set to give her testimony in the case related to FTX trading arm Alameda Research, which she used to lead.
NYT Argues For Reversal Of Gag Order
On July 26th, Judge Lewis A. Kaplan issued a temporary order prohibiting all parties from discussing with the media anything about the case related to FTX trading arm Alameda Research, which she used to lead. In response, David McCraw – senior vice president and deputy general counsel for NYT – wrote Kaplan a letter dated August 2nd requesting that he reconsider this decision due to public interest in learning more about Ellison’s activities at Alameda Research following her confession of involvement in financial fraud resulting in billions of dollars lost by investors without detection by government regulators or law enforcement until it was too late.
First Amendment Rights At Stake
McCraw argued that if parties choose to speak freely on matters concerning this case then their rights should be protected under Rule 23.1(a) and (h) as set out by First Amendment guidelines: “It may well be, of course, that the parties will choose not to speak to the press in the future but Rule 23.1 provides appropriate safeguards and balancing of interests if they choose do so.” He also maintained that any restraints imposed should be done according with these parameters rather than completely stopping defendants from speaking openly via media outlets like NYT itself..
Witness Tampering Allegations
The federal prosecutors accuse Bankman-Fried of witness tampering as former CEO of FTX trading arm Alameda Research prepares for her testimony in court regarding her alleged involvement in financial schemes leading up billions dollars being defrauded form investors undetected by law enforcement agencies until after most money had disappeared already..
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