Former FTX CEO Sam “SBF” Bankman-Fried, who has been within the custody of Bahamian authorities, is reportedly on the way in which to the airport the place he might be handed over to U.S. authorities and flown to New York.
It comes after Bankman-Fried reportedly appeared in a listening to of the Bahamas Justice of the Peace Courtroom on Dec. 21 — the third since his arrest — the place he waived his proper to a proper extradition course of that would have taken weeks.
Officers from the U.S. Embassy, Federal Bureau of Investigation and U.S. Marshals Service had been reportedly in attendance to facilitate Bankman-Fried’s handover, for which he had first signed papers on Dec. 20. He was pushed from the courtroom in Nassau following the listening to.
An announcement from The Bahamas Legal professional Common Ryan Pinder later confirmed that Bankman-Fried “will depart The Bahamas for the US tonight.”
The Workplace of the Legal professional Common of The Bahamas introduced the extradition to the US of Sam Bankman-Fried (“SBF”), the previous CEO of FTX. SBF will depart from The Bahamas for the US tonight. pic.twitter.com/WttWmNpIw4
— Latrae L. Rahming (DOC) (@latraelrahming) December 21, 2022
Reuters reported that SBF’s authorized group mentioned the previous CEO was “anxious to go away” the Bahamas. Jerome Roberts, who’s on Bankman-Fried’s authorized group, reportedly heard SBF say on Dec. 19 that his choice was pushed by wanting “to place the purchasers proper.” Over 1 million collectors from FTX haven’t had entry to their funds for weeks.
FTX founder Sam Bankman-Fried has signed authorized papers paving the way in which for his extradition from The Bahamas to the U.S., the place he faces fraud fees over the cryptocurrency trade’s collapse https://t.co/D6z3I08l0t pic.twitter.com/gmVGnq18it
— Reuters (@Reuters) December 21, 2022
Officers within the Bahamas arrested Bankman-Fried on Dec. 12 as a part of extradition proceedings with the U.S., the place he faces fees from the Justice Division associated to defrauding traders and lenders, in addition to complaints from the Commodity Futures Buying and selling Fee and Securities and Alternate Fee. Earlier than SBF’s resignation on Nov. 11, FTX and related people allegedly violated marketing campaign finance legal guidelines with “darkish cash” donations and used buyer property to fund investments at Alameda Analysis.
Associated: The end result of SBF’s prosecution might decide how the IRS treats your FTX losses
Since being denied bail, the previous CEO has spent greater than per week within the custody of the Bahamas’ Fox Hill Jail, a facility with beforehand reported circumstances of bodily abuse towards prisoners and “harsh” circumstances. He would seemingly be entitled to a different bail listening to as a part of courtroom proceedings within the U.S. as soon as his extradition was accomplished.
Replace Dec. 21, 10:09 pm UTC: Added reporting that Sam Bankman-Fried has been pushed to the airport.
Replace Dec. 21, 11:45 pm UTC: Added assertion from The Bahamas Legal professional Common.