Sam Bankman-Fried is in jail in the Bahamas and charged with eight counts, including wire fraud and money laundering by the US Attorney’s Office for the Southern District of New York.
The founder of the FTX cryptocurrency platform, Sam Bankman-Fried, Detained in the Bahamas, he voluntarily agreed on Monday to be extradited to the United States, where he is accused of eight counts by the Attorney General’s Office for the Southern District of New York.
Bankman-Fried’s attorney, Jerone Roberts, confirmed to reporters that his legal team is preparing “the necessary legal documents” for your client’s departure from the Bahamas to the United States.
These statements come following a chaotic and confusing hearing in the Bahamas Court, where Bankman-Fried appeared hours before without initially resolving his possible extradition.
The hearing was held following it was reported the day before that the young financier, disgraced at 30, had changed his mind and would not try to challenge his extradition to the US.
Bankman-Fried has been incarcerated in the Bahamas Department of Correctional Services since last Tuesday, following being denied bail due to flight risk.
Sam Bankman-Fried arrived at a courthouse in the Bahamas early Monday and is expected to tell a judge he will not fight extradition to the U.S., where he faces multiple criminal and civil charges related to the collapse of cryptocurrency exchange FTX. https://t.co/pSZo2zk2qP
— CBS Evening News (@CBSEveningNews) December 19, 2022
Crimes and charges once morest the founder of the FTX cryptocurrencies
The FTX founder is charged with eight counts, including wire fraud, money laundering and violation of political campaign finance laws by the US Attorney’s Office for the Southern District of New York.
Alameda Research it was the signature created by himself Bankman-Fried, who would have used billions of dollars from FTX clients without their knowledge to carry out risky operations.
In addition, Bankman-Fried is also facing another lawsuit, in this case from the United States Securities and Exchange Commission (SEC), which accuses him of orchestrating fraud once morest investors.
FTX filed for bankruptcy on November 11 and at the end of the same month, the company’s new managers appeared for the first time before the bankruptcy court of the state of Delaware (USA) to begin the restructuring process.
The platform, which came to be valued at 32,000 million dollars, might have more than a million creditors around the world. So far, the company has admitted that it owes more than $3 billion to its top 50 creditors.