Former FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, reportedly agreed to be extradited to the United States to face charges.
According to a December 19 report by Reuters, Bankman-Fried's legal team said she planned to prepare documents for him to appear in the Bahamas Magistrate Court sometime this week. The former FTX chief executive attended an emergency court hearing just hours earlier with no apparent adjudication or ruling: He returned to prison after the event.
"Mr. Bankman-Fried wants to set clients right, and that is what motivated his decision," said Jerome Roberts of SBF's legal team.
Bankman-Fried had reportedly I wanted to see the accusation against him before he agreed to be extradited to the United States. He faces charges from the Department of Justice, the Commodity Futures Trading Commission and the Securities and Exchange Commission. related to defrauding investors and lenders, as well as violations of campaign finance laws. He could be facing a sentence of 115 years if he is convicted.
Related: The SBF legal battle still has "much unresolved," according to legal commentators.
The former CEO of FTX has been in the custody of Bahamian authorities since December 12, when Bahamian police arrested him as part of extradition proceedings with the US. Until then, Bankman-Fried had been giving He regularly interviews the mainstream media and was expected to testify. before at least one congressional hearing.
Post navigation
