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Sam Bankman-Fried agreed to extradition in a Bahamian court docket on Wednesday, clearing the way in which for his transport to the U.S. to face federal fees.
The disgraced former CEO is predicted to be placed on a U.S. authorities airplane for a flight to New York.
“I hereby consent in writing to be extradited with out formal extradition proceedings,” Bankman-Fried stated in a signed affidavit.
He took the witness stand to verify his signature and that his resolution was voluntary.
“I subsequently formally commit you to custody whilst you await your extradition,” Justice of the Peace Shaka Serville stated.
The transfer got here a day after Bankman-Fried signed extradition papers within the Bahamas, the place he lived in a multimillion-dollar mansion, after waffling on the choice since his preliminary court docket look final week.
Bankman-Fried was arrested final week within the Bahamas after federal prosecutors in New York filed an eight-count indictment together with allegations of fraud and conspiracy.
He had been anticipated in court docket Tuesday however didn’t seem, at the same time as his attorneys and U.S. consular officers waited for 2 hours.
At a court docket listening to final week, Bankman-Fried declined to waive his proper to problem extradition to the U.S. Nonetheless, a number of sources acquainted with the matter advised ABC Information forward of a court docket listening to on Monday that Bankman-Fried had reversed his place and was ready to waive extradition, organising a transfer to custody within the U.S.
On the court docket listening to on Monday, nonetheless, Bankman-Fried didn’t waive his proper to disclaim extradition as anticipated, as an alternative asking to see a replica of the U.S. indictment and converse to his New York-based lawyer.
Bankman-Fried has been held within the medical ward of the island’s Fox Hill jail, after an utility for bail was denied when a choose decided he was an excessive amount of of a flight danger.
Along with the felony fees, Bankman-Fried faces associated civil lawsuits from the Securities and Change Fee and the Commodity Futures Buying and selling Fee.
There are greater than $8 billion in buyer losses, stated Gretchen Lowe of the Commodity Futures Buying and selling Fee, a federal company.
Some crypto merchants, who deposited their financial savings on the platform, concern they could by no means get their a reimbursement.
John Ray, the brand new CEO of FTX, who oversaw the dissolution of Enron, advised members of the Home final week that FTX lacked company controls to an extent he had by no means witnessed, characterizing the corporate’s conduct as “old style embezzlement.”
“I’ve by no means seen an utter lack of document holding,” Ray stated. “Completely no inside controls.”
Bankman-Fried, in an interview with ABC Information’ George Stephanopoulos in November, denied understanding “there was any improper use of buyer funds.”
“I actually deeply want that I had taken like much more accountability for understanding what the small print had been of what was happening there,” Bankman-Fried advised Stephanopoulos. “Lots of people received harm, and that is on me.”
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