(Image from FTX.com website under fair use)
Sam Bankman Fried will finally fly to the US to face criminal charges. After a rollercoaster regarding his extradition that went back and forth between him agreeing to it and then being against it, a Bahamian judge accepted the motion for him to be extradited to the US.
SBF was arrested more than a week ago at the request of Washington DC. At first, he requested to be released on a $250,000 bail but that was denied.
It looks like spending a week in a jail with horrid conditions was enough for the disgraced founder of bankrupt FTX crypto exchange to stop contesting extradition and literally plead the judge to grant him extradition. The Bahamian jail where he was being held was reported as being rat infested, and overcrowded with inmates having to sleep on the floor and lacking basic hygienic standards.
The former FTX CEO signed the extradition papers agreeing to the extradition on December 20th, and is scheduled to fly back on Wednesday, December 21st, in a private jet flight escorted by FBI agents.
Just when his extradition was confirmed, the Bahamian media ran a story that he was rushed into the Hospital ER after a health incident. The news of his hospital visit were denounced to be false by the head of the notorious Fox Hill Prison.
Upon extradition, SBF could be held at the Metropolitan Detention Center in Brooklyn, as speculated in the media. This is a prison where other high profile criminals like Ghislaine Maxwell, the aide and confidante of Jeffrey Epstein, sex offender R. Kelly, pharmabro Martin Shkreli, and rapper 6ix9ine have been held.
That's the right company for SBF I guess. Unless they send him to the same correctional facility (Metropolitan Correctional Center) where Epstein was staying before committing suicide under mysterious circumstances.
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Originally posted on my Leofinance blog. Updated version only on Publish0x.
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