Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in The Bahamas

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested successful The Bahamas, according to section reports citing the country’s lawyer wide Ryan Pinder. According to Pinder, SBF’s apprehension “followed receipt of ceremonial notification from the United States that it has filed transgression charges against SBF and is apt to petition his extradition.”

FTX Co-Founder Sam Bankman-Fried Is successful Custody successful The Bahamas

Following the illness of FTX and Alameda Research past period and the bankruptcy filing connected Nov. 11, 2022, Sam Bankman-Fried (SBF) has been arrested. On Dec. 12, 2022, The Tribune reported that lawyer wide (AG) Ryan Pinder disclosed the quality to the press. The quality follows the Bahamian AG insisting that FTX was taxable of an “active and ongoing investigation.” Pinder told the property connected Monday that Bankman-Fried’s apprehension successful The Bahamas volition apt pb to a U.S. extradition.

“On 12 December 2022, the Office of the Attorney General of The Bahamas is announcing the apprehension by The Royal Bahamas Police Force of Sam Bankman-Fried (SBF), erstwhile CEO of FTX,” the AG’s bureau detailed. “SBF’s apprehension followed receipt of ceremonial notification from the United States that it has filed transgression charges against SBF and is apt to petition his extradition,” the Bahamian AG bureau declared.

The quality follows the reports that said ex-Alameda CEO Caroline Ellison hired Wilmerhale spouse Stephanie Avakian, an lawyer that worked for the U.S. Securities and Exchange Commission (SEC). Bankman-Fried has reportedly retained lawyer Mark Cohen, the lawyer who represented Ghislaine Maxwell during her caller enactment trafficking case. Prime curate (PM) Philip Davis explained to the property that The Bahamas intends to afloat grip the process with the United States.

“The Bahamas and the United States person a shared involvement successful holding accountable each individuals associated with FTX who whitethorn person betrayed the nationalist spot and breached the law,” Davis said. “While the United States is pursuing transgression charges against SBF individually, The Bahamas volition proceed its ain regulatory and transgression investigations into the illness of FTX, with the continued practice of its instrumentality enforcement and regulatory partners successful the United States and elsewhere,” the PM added.

What bash you deliberation astir Sam Bankman-Fried getting arrested successful The Bahamas? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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