Open Modal
  • Home
  • Shows
    • Weekdays
    • Weekends
    • Weekend Program Schedule
  • Events
  • Podcasts
    • Catholic Cemeteries Association
    • The Talk Of Connecticut
  • Contests
    • Contests
    • Contest Rules
    • Contest Rules- Patriot Bucks
  • More
    • Contact Us
MENU
  • Home
  • Shows
    • Weekdays
    • Weekends
    • Weekend Program Schedule
  • Events
  • Podcasts
    • Catholic Cemeteries Association
    • The Talk Of Connecticut
  • Contests
    • Contests
    • Contest Rules
    • Contest Rules- Patriot Bucks
  • More
    • Contact Us

FTX founder Sam Bankman-Fried back in Bahamian custody after backing out of extradition to U.S.

December 20, 2022 Staff
  • News Daypop
  • Tweet
  • Share
  • Reddit
  • +1
  • Pocket
  • LinkedIn
shutterstock_2224963383

FTX founder Sam Bankman-Fried made the decision to consent to extradition to the United States over the weekend, but on Monday he changed course and was sent back to a Bahamian prison. The fallen crypto mogul’s attorney said he would not agree to extradition from the Bahamas last week when he was arrested at one of his palatial homes. On Saturday, he indicated he would not contest extradition.

However on Monday in open court in the Bahamas, Bankman-Fried requested a copy of his federal indictment. After seeing the indictment, the 30-year-old decided he would not surrender himself to extradition, which could have happened by the end of the day if he agreed. Bankman-Fried’s defense attorney was surprised that his client was in court on Monday as well. Prosecutor Franklyn Williams KC said he did not request Bankman-Fried’s presence but was of the understanding that he intended to waive his contention of extradition.

Bankman-Fried was sent back to His Majesty’s Prison Fox Hill, which is notorious for its poor conditions, including inadequate sanitation practices, overcrowding and poor nutrition. Bankman-Fried is being held in a private room in the medical wing of the prison.

The disgraced founder of crypto exchange FTX faces eight charges, including fraud, money laundering and campaign finance law violations. Three of the counts against him — two counts of wire fraud, and one count of conspiracy to commit money laundering — carry maximum 20-year sentences.

Editorial credit: Poetra.RH / Shutterstock.com

Leave a Reply Cancel Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Previous Story
Jan. 6 panel recommends criminal charges against Donald Trump for trying to overturn 2020 election
Next Story
Mat Ishbia to purchase Phoenix Suns and WNBA’s Mercury for $4 billion

Site

  • Privacy Policy
  • Terms of Use
  • Contact Us
  • Streaming Help
  • EEO Report
  • WMMW Public File
  • WDRC Public File
  • WSNG Public File

Info

  • VIP Club
  • Contests
  • Events

News

  • Community Calendar
  • Podcasts
WDRC-AM – Bloomfield, CT © 2025 Powered by OneCMS™ | Served by InterTech Media LLC
Are you still listening?
3628718227
Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
4a45887eeb5132f378780c4084e4bc05fc59cc82
1
Loading...