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Sam Bankman-Fried wants to see indictment before extradition to US: Report

Former FTX chief government officer Sam Bankman-Fried, who’s at present going through a number of expenses associated to wire fraud and securities fraud, reportedly stated he needed to see the indictment in opposition to him earlier than agreeing to extradition to the US.

Showing in an emergency listening to of the Bahamas Justice of the Peace Court docket on Dec. 19 for the primary time since his bail was denied, Bankman-Fried reportedly said he was keen to not struggle the method required for extradition to the US however needed to see all the costs in opposition to him. He spent the final week within the Bahamas’ Fox Hill Jail, a facility with beforehand reported circumstances of bodily abuse in opposition to prisoners and “harsh” situations.

Some members of the crypto house, together with the group behind YouTuber Ben Armstrong, often known as Bitboy Crypto, reported on Twitter they appeared in particular person on the listening to to “look SBF within the eyes.”

In the US, Bankman-Fried faces expenses from the Justice Division, Commodity Futures Buying and selling Fee, and Securities and Trade Fee associated to defrauding buyers and lenders. Underneath his management, FTX and related people additionally made thousands and thousands in donations to political candidates, allegedly violating marketing campaign finance legal guidelines.

It’s unclear why the previous FTX CEO could not struggle extradition — if discovered responsible of all expenses, stories counsel he might face a 115-year sentence. He was returned to the the Bahamas Division of Corrections’ custody following the listening to, the place he was anticipated to stay till Feb. 8.

Associated: Democrats to reportedly return over $1M of SBF’s funding to FTX victims

Officers within the Bahamas arrested Bankman-Fried on Dec. 12 simply hours after he had carried out a collection of on-line interviews as a part of the previous CEO’s apology tour associated to the collapse of FTX. Authorities reported SBF was initially despatched to the jail’s hospital wing — presumably as a part of efforts to manage his medicine, together with Adderall and antidepressants.

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