admin Former FTX chief govt officer Sam Bankman-Fried, who’s at present dealing with a number of fees associated to wire fraud and securities fraud, reportedly mentioned he needed to see the indictment towards him earlier than agreeing to extradition to the USA.
Showing in an emergency listening to of the Bahamas Justice of the Peace Court docket on Dec. 19 for the primary time since his bail was denied, Bankman-Fried reportedly said he was keen to not struggle the method required for extradition to the USA however needed to see all the fees towards him. He spent the final week within the Bahamas’ Fox Hill Jail, a facility with beforehand reported cases of physical abuse towards prisoners and “harsh” situations.
Some members of the crypto house, together with the staff behind YouTuber Ben Armstrong, also called Bitboy Crypto, reported on Twitter they appeared in particular person on the listening to to “look SBF within the eyes.”
We prepared. About to go in. Guess who’s in entrance of the road? Lastly attending to look @SBF_FTX within the eyes this morning. pic.twitter.com/TtdYXZiUnD
— Ben Armstrong (@Bitboy_Crypto) December 19, 2022
In the USA, Bankman-Fried faces charges from the Justice Department, Commodity Futures Buying and selling Fee, and Securities and Alternate Fee associated to defrauding buyers and lenders. Below his management, FTX and related people additionally made thousands and thousands in donations to political candidates, allegedly violating marketing campaign finance legal guidelines.
It’s unclear why the previous FTX CEO could not struggle extradition — if discovered responsible of all fees, stories counsel he might face a 115-year sentence. He was returned to the the Bahamas Division of Corrections’ custody following the listening to, the place he was expected to remain till Feb. 8.
Associated: Democrats to reportedly return over $1M of SBF’s funding to FTX victims
Officers within the Bahamas arrested Bankman-Fried on Dec. 12 simply hours after he had carried out a sequence of on-line interviews as part of the former CEO’s apology tour associated to the collapse of FTX. Authorities reported SBF was initially despatched to the jail’s hospital wing — presumably as a part of efforts to manage his remedy, together with Adderall and antidepressants.
