NYT TECHNOLOGY: Sam Bankman-Fried Is Set for Extradition to U.S.
By Royston Jones Jr., David Yaffe-Bellany, Rob Copeland and Matthew Goldstein
Section: Technology
Source: New York Times
Published Date: December 21, 2022 at 02:00AM
Mr. Bankman-Fried could arrive in New York as soon as Wednesday afternoon to face charges of wire fraud, securities fraud, money laundering and a campaign finance violation. Once in New York, he will be arraigned in Federal District Court in Manhattan, though the exact timing of the proceeding remains unclear. The charges stemmed from the collapse of Mr. Bankman-Fried’s crypto exchange, FTX, which was based in the Bahamas until its bankruptcy last month.
Mr. Bankman-Fried, 30, has been in custody in the Bahamas since he was arrested at his luxury apartment complex on Dec. 12. In Magistrate Court on Wednesday, he confirmed that he had signed documents authorizing the extradition. His lawyer, Jerone Roberts, said that Mr. Bankman-Fried was “anxious to leave” the Bahamas and hoped to travel as early as Wednesday.
In court, Mr. Bankman-Fried told the magistrate judge, Shaka Serville, that he was “doing well.” Asked whether he was in good health, Mr. Bankman-Fried replied, “Yes.”
Mr. Bankman-Fried wore a white shirt and a blue suit, with a plastic bag on his lap; he arrived after a breakfast of toast and jam at Fox Hill, the notorious Bahamian jail where he has been held for the last week, according to the facility’s head administrator, Doan Cleare.
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By Royston Jones Jr., David Yaffe-Bellany, Rob Copeland and Matthew Goldstein
Section: Technology
Source: New York Times
Published Date: December 21, 2022 at 02:00AM
The FTX founder agreed to be transferred from the Bahamas to face federal charges of fraud.
Sam Bankman-Fried, the disgraced cryptocurrency executive, will soon be flown back to the United States to face fraud charges in federal court after he told a judge in the Bahamas on Wednesday that he agreed to be extradited.Mr. Bankman-Fried could arrive in New York as soon as Wednesday afternoon to face charges of wire fraud, securities fraud, money laundering and a campaign finance violation. Once in New York, he will be arraigned in Federal District Court in Manhattan, though the exact timing of the proceeding remains unclear. The charges stemmed from the collapse of Mr. Bankman-Fried’s crypto exchange, FTX, which was based in the Bahamas until its bankruptcy last month.
Mr. Bankman-Fried, 30, has been in custody in the Bahamas since he was arrested at his luxury apartment complex on Dec. 12. In Magistrate Court on Wednesday, he confirmed that he had signed documents authorizing the extradition. His lawyer, Jerone Roberts, said that Mr. Bankman-Fried was “anxious to leave” the Bahamas and hoped to travel as early as Wednesday.
In court, Mr. Bankman-Fried told the magistrate judge, Shaka Serville, that he was “doing well.” Asked whether he was in good health, Mr. Bankman-Fried replied, “Yes.”
Mr. Bankman-Fried wore a white shirt and a blue suit, with a plastic bag on his lap; he arrived after a breakfast of toast and jam at Fox Hill, the notorious Bahamian jail where he has been held for the last week, according to the facility’s head administrator, Doan Cleare.
Read More at: https://www.nytimes.com/2022/12/21/technology/sbf-ftx-extradition.html
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