FTX founder Bankman-Fried was sent back to Bahamas jail in the day of courtroom chaos


December 21, 2022: -On Monday, FTX founder Sam Bankman-Fried was sent back to a Bahamas jail in a chaotic courtroom after a reported plan to waive his extradition to the U.S. stalled. Therefore, multiple media reports later in the day stated that he had told his Bahamian lawyer to proceed with extradition hearings, and he was expected back in court.

Reports more than the weekend indicated that Bankman-Fried would consent to extradition. Still, the former crypto billionaire told a minor story, demanding to see a copy of his federal indictment before agreeing to come back to the U.S. He returned to Fox Hill jail rather than surrender himself to U.S. custody.

Bankman-Fried’s legal team signalled that they would fight extradition in the previous week. CNBC and several other outlets report that Bankman-Fried is changing his mind and would rather submit himself for extradition.

In open court, chaos is resigning. Bankman-Fried, 30, which dressing in a blue suit and white button-down shirt, was shaking. His Bahamian defence attorney., Jerone Roberts added that the court that he was “shocked” that Bankman-Fried was in the court.

“I did not please him to be here this light,” the attorney added. Franklyn Williams KC, the Bahamian prosecutor, stated that he “understood that intended to waive extradition,” according to an NBC News producer in the courtroom.

The FTX founder is arriving at Bahamian court in a convoy of police vehicles, guarded, just following 10 a.m. ET.

After the hearing, the New York Times and Washington Post reported that Bankman-Fried consented to extradition, citing Roberts. “We, as counsel, is preparing the necessary documents triggering the court,” Mr Roberts told the Times.

The move comes just days following his was remanded to the unit of Bahamas’ notorious Fox Hill Jail.

The State Department, in a 2020 report, cited the conditions at Fox Hill Prison as “harsh,” which cited “overcrowding, poor nutrition, inadequate sanitation, poor ventilation, and inadequate medical care.”

Medical care is spotty at the Bahamian prison, the report said. Bloomberg reported that the former billionaire was transported from one of his multimillion-dollar penthouse homes to the jail last week though Bankman-Fried was entitled to his room in the medical wing.

Bankman-Fried faces state in federal prison, without the possibility of supervised release, if sentenced on just one of eight offences that prosecutors have charged him with.

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FTX founder Bankman-Fried was sent back to Bahamas jail in the day of courtroom chaos