Fallen FTX founder Sam Bankman-Fried was denied bail in a Bahamas court now (Dec. 14) and faces doable extradition to the U.S. He was arrested by Bahamian authorities on Dec. 12 in his condominium right after U.S. prosecutors submitted prison charges from him.
Bankman-Fried stated in court he will not waive his proper to an extradition listening to, Reuters noted. It’s his to start with in-man or woman public appearance considering that the collapse of FTX Group in November, though he has performed quite a few media interviews remotely from his household.
Today’s hearing was attended by Bankman-Fried’s parents Joseph Bankman and Barbara Fried, equally legislation professors at Stanford College. At the commence of the listening to, Bankman-Fried questioned the court’s permission to leave briefly to transform an Emsam patch, a health care pores and skin strip used to address adult melancholy, in accordance to Reuters.
The U.S. Attorney’s Business office for the Southern District of New York on Dec. 12 billed Bankman-Fried with multiple counts of wire fraud and conspiracy for FTX’s misuse of client funds. He was also charged by the Securities and Exchange Commission with defrauding investors.
