Sam Bankman-Fried handed over to US authorities, en route to New York
The alleged fraudster took off from Nassau’s Odyssey Airport and video from Bahamian mediaHours earlier, the 30-year-old alleged fraudster appeared in the Magistrate Court building in Nassau, where he confirmed to the judge that he is waiving his right to a lengthy extradition hearing.The former crypto mogul could spend the rest of his life behind bars, if convicted.
The Securities and Exchange Commission accused Bankman-Fried of illegally using investors’ money to fund his Alameda Research hedge fund and buy real estate on behalf of himself and his family. He’s also charged with wire fraud, money laundering and campaign finance charges. US Attorney Damian Williams blasted Bankman-Fried’s alleged crimes as among “the biggest financial frauds in American history.”
Bankman-Fried left the Magistrate Court building in Nassau carrying a trash bag holding his personal belongings, surrounded by guards with assault weapons, and entered a vehicle, according to Reuters.AFP via Getty ImagesFTX had been valued at up to $32 million before its sudden collapse on Nov. 11 when Bankman-Fried stepped down as CEO and the firm said it was bankrupt.Since his Dec.
Fox Hill Prison in the Bahamas, which was chastised by the US State Department last year for being overcrowded and lacking plumbing.such as air-conditioning and cable TV during his short stint at the prison.
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