It’s unclear what argument Sam Bankman-Fried put forward in his renewed bail application, but a local report said it would be heard on Jan. 17.
Bankman-Fried is being held at Fox Hill Prison, a notorious prison that was the subject of a damning State Department report.The News Leader of The Bahamas / MEGAThe News Leader of The Bahamas / MEGA
“Sanitation was a general problem, and cells were infested with rats, maggots, and insects,” the report states.“Inmates removed human waste by bucket,” the government wrote, adding inmates are crammed into tiny cells that are 6 feet by 10 feet.Bankman-Fried has signaled he intends to fight extradition to the US, where he’ll have to make a bail application with federal prosecutors in Manhattan.
The US Attorney’s Office, meanwhile, has said they intend to charge Bankman-Fried’s co-conspirators for roles in one of the largest financial frauds in US history.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-FriedFTX Digital Markets co-CEO alerted the securities regulator in the Bahamas to the fraud being committed at the exchange, telling the authorities that FTX was sending customer funds to Alameda Research.
Read more »
FTX insider turned on Sam Bankman-Fried days before bankruptcy, flagging potential fraud to regulatorsFormer FTX co-CEO Ryan Salame disclosed 'possible mishandling of clients' assets' by Sam Bankman-Fried to Bahamian regulators just before FTX bankruptcy filing.
Read more »
Parents of Sam Bankman-Fried face scrutiny over their roles in FTX | CNN BusinessSam Bankman-Fried's multibillion-dollar crypto empire was run primarily by 'grossly inexperienced and unsophisticated individuals' who failed to institute basic corporate controls and even relied on QuickBooks to do their accounting, according to investigators.
Read more »
Senators slam FTX, Sam Bankman-Fried and back crypto regulationSenators across both major parties sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector.
Read more »
'Old-fashioned embezzlement': FTX CEO testifies to Congress; founder Sam Bankman-Fried arrested: recap'Where is the money?' Republican Senator Pat Toomey questioned FTX spokesperson, and 'Shark Tank' star, Kevin O'Leary on the collapse of the crypto exchange company.
Read more »
FTX insider turned on Sam Bankman-Fried days before bankruptcyCo-CEO Ryan Salame told Bahamian authorities that Bankman-Fried may have committed fraud by sending customer money from the crypto exchange to his other firm, according to a filing tied to FTX’s bankruptcy proceedings.
Read more »