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The erstwhile FTX CEO attended an exigency proceeding of the Bahamas Magistrate Court conscionable hours earlier, returning to situation pursuing the event.
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Former FTX CEO Sam Bankman-Fried, presently successful the custody of Bahamian authorities, has reportedly agreed to beryllium extradited to the United States to look charges.
According to a Dec. 19 study from Reuters, Bankman-Fried’s ineligible squad said it planned to hole documents to person him reappear earlier the Bahamas Magistrate Court sometime this week. The erstwhile FTX CEO attended an exigency proceeding of the tribunal conscionable hours earlier without immoderate seeming adjudication oregon ruling — helium returned to situation pursuing the event.
"Mr. Bankman-Fried wishes to enactment the customers right, and that is what has driven his decision,” reportedly said Jerome Roberts, connected SBF’s ineligible team.
Bankman-Fried reportedly wanted to spot the indictment against him earlier agreeing to beryllium extradited to the United States. He faces charges from the Justice Department, Commodity Futures Trading Commission, and Securities and Exchange Commission related to defrauding investors and lenders arsenic good arsenic violations of run concern laws, and could beryllium looking astatine a 115-year condemnation if convicted.
Related: SBF's ineligible conflict inactive has "a batch to play out," according to ineligible commentators
The erstwhile FTX CEO has been successful the custody of Bahamian authorities since Dec. 12, erstwhile section constabulary arrested him arsenic portion of extradition proceedings with the U.S. Until then, Bankman-Fried had been regularly giving interviews to large media outlets and was expected to attest earlier astatine slightest 1 legislature hearing.
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