Sam Bankman-Fried is on the way to airport for extradition: Report

Former FTX CEO Sam “SBF” Bankman-Fried, who has been within the custody of Bahamian authorities, is reportedly on the way in which to the airport the place he can be handed over to U.S. authorities and flown to New York. 

It comes after Bankman-Fried reportedly appeared in a listening to of the Bahamas Justice of the Peace Courtroom on Dec. 21 — the third since his arrest — the place he waived his proper to a proper extradition course of that would have taken weeks.

Officers from the U.S. Embassy, Federal Bureau of Investigation and U.S. Marshals Service had been reportedly in attendance to facilitate Bankman-Fried’s handover, for which he had first signed papers on Dec. 20. He was pushed from the courtroom in Nassau following the listening to. 

An announcement from The Bahamas Lawyer Normal Ryan Pinder later confirmed that Bankman-Fried “will depart The Bahamas for america tonight.”

Reuters reported that SBF’s authorized workforce mentioned the previous CEO was “anxious to depart” the Bahamas. Jerome Roberts, who’s on Bankman-Fried’s authorized workforce, reportedly heard SBF say on Dec. 19 that his resolution was pushed by wanting “to place the shoppers proper.” Over 1 million collectors from FTX haven’t had entry to their funds for weeks. 

Officers within the Bahamas arrested Bankman-Fried on Dec. 12 as a part of extradition proceedings with the U.S., the place he faces expenses from the Justice Division associated to defrauding buyers and lenders, in addition to complaints from the Commodity Futures Buying and selling Fee and Securities and Change Fee. Earlier than SBF’s resignation on Nov. 11, FTX and related people allegedly violated marketing campaign finance legal guidelines with “darkish cash” donations and used buyer property to fund investments at Alameda Analysis.

Associated: The end result of SBF’s prosecution might decide how the IRS treats your FTX losses

Since being denied bail, the previous CEO has spent greater than per week within the custody of the Bahamas’ Fox Hill Jail, a facility with beforehand reported instances of bodily abuse towards prisoners and “harsh” situations. He would probably be entitled to a different bail listening to as a part of courtroom proceedings within the U.S. as soon as his extradition was accomplished.

Replace Dec. 21, 10:09 pm UTC: Added reporting that Sam Bankman-Fried has been pushed to the airport.

Replace Dec. 21, 11:45 pm UTC: Added assertion  from The Bahamas Lawyer Normal. 

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