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Sam Bankman-Fried is on his strategy to an airport to be flown to the US to face a litany of prison fees after a Bahamas choose authorized his extradition.
The FTX co-founder was whisked away from a Nassau court docket in a black SUV at roughly 4:30 p.m. on Wednesday underneath heavy guard. He’s anticipated to be taken into custody by US authorities and flown to New York.
“I do want to waive my rights to formal extradition proceedings,” Bankman-Fried instructed a choose earlier on Wednesday, wearing a blue go well with, white shirt and socks and brown leather-based footwear with laces eliminated. “I’m doing properly,” he stated earlier when requested by the choose about his situation.
On the stand, Bankman-Fried, 30, described himself as an entrepreneur and government.
The developments cap a tumultuous week of machinations over when Bankman-Fried could be despatched to New York, the place federal prosecutors have accused him of crimes together with fraud associated to the collapse of the FTX crypto alternate. If convicted of all counts, he may face dozens of years behind bars.
Since being denied bail at an preliminary court docket listening to final week, Bankman-Fried has been held in a correctional facility on the outskirts of Nassau often known as Fox Hill. The infamous jail is a far cry from the posh penthouse within the island nation that he’d lived at after organising the Bahamas as FTX’s headquarters.
Though he initially stated that he would battle extradition, Bankman-Fried has extra lately indicated in non-public conversations that he was making ready to return to the US as quickly as Monday, Bloomberg Information has reported. The change in angle was partially tied to the expectation that he’ll have the ability to get bail within the US.
A consultant for Bankman-Fried declined to touch upon conversations that his authorized staff is having with prosecutors.
As soon as again within the US, he’s prone to be arraigned inside hours and his attorneys might current a case for him being granted bail. It wasn’t instantly clear at which American airport Bankman-Fried would land.
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