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Officials from the U.S. Embassy, FBI, and U.S. Marshals Service were reportedly successful attendance to witnesser the erstwhile FTX CEO waiving his close to a ceremonial extradition process.
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Former FTX CEO Sam Bankman-Fried, who has been successful the custody of Bahamian authorities, faces extradition to the United States pursuing a hearing.
According to reports, Bankman-Fried appeared successful a proceeding of The Bahamas Magistrate Court connected Dec. 21 — the 3rd since his apprehension — wherever helium waived his close to a ceremonial extradition process that could person taken weeks. Officials from the U.S. Embassy, Federal Bureau of Investigation, and U.S. Marshals Service were reportedly successful attendance to facilitate Bankman-Fried’s handover, to which helium had archetypal signed papers connected Dec. 20.
Reuters reported that SBF's ineligible squad said the erstwhile CEO was "anxious to leave" The Bahamas. Jerome Roberts, connected Bankman-Fried's ineligible team, reportedly heard SBF say on Dec. 19 his determination was driven by wanting "to enactment the customers right." Over 1 cardinal creditors from FTX person not had entree to their funds for weeks.
FTX laminitis Sam Bankman-Fried has signed ineligible papers paving the mode for his extradition from The Bahamas to the U.S., wherever helium faces fraud charges implicit the cryptocurrency exchange's illness https://t.co/D6z3I08l0t pic.twitter.com/gmVGnq18it
— Reuters (@Reuters) December 21, 2022Officials successful The Bahamas arrested Bankman-Fried connected Dec. 12 arsenic portion of extradition proceedings with the U.S., wherever helium faces charges from the Justice Department related to defrauding investors and lenders, arsenic good arsenic complaints from the Commodity Futures Trading Commission and Securities and Exchange Commission. Before SBF’s resignation connected Nov. 11, FTX and associated individuals allegedly violated run concern laws with "dark money" donations and utilized lawsuit assets to money investments astatine Alameda Research.
Related: The result of SBF's prosecution could find however the IRS treats your FTX losses
After being denied bail, the erstwhile CEO has spent much than a week successful the custody of The Bahamas’ Fox Hill Prison, a installation with previously reported cases of carnal maltreatment against prisoners and “harsh” conditions. He would apt beryllium entitled to different bail proceeding arsenic portion of tribunal proceedings successful the U.S. erstwhile his extradition was completed.
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