Sam Bankman-Fried in front of a US judge? Ex-FTX boss accepts US extradition

In the USA at Christmas – Sam Bankman-Fried would eventually agreed to surrender to US authorities. The founder of FTX should thus prepare to face a lawsuit, which could send him behind bars for a lifetime.

Sam Bankman-Fried almost on his way to the United States?

According to a article from ABC News on December 20, Sam Bankman-Fried allegedly signed documents for his extradition, the same day. The outlet cites Acting Commissioner of Corrections for the Bahamas, Doan Cleare, as the source.

Another Bloomberg article, which also mentions Doan Clear, corroborates this information, and indicates that the founder of FTX should sign other documents for waive their rights to fight extraditionDecember 21.

If all goes according to plan, then Sam Bankman-Fried should be put back between the hands of the FBIand be transferred to the United States aboard a private plane on December 21.

FTX Founder’s Extradition Hearing, scheduled for February 8 in the Bahamas, should therefore not take place. Sam Bankman-Fried would have given his agreement in principle for his extradition on December 19, but it took until the following days to formalize this decision.

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115 years in Uncle Sam’s prison for a few weeks or months next to rats and other vermin?

Once in the United States, Sam Bankman-Fried could spend the rest of his life behind bars, if found. guilty on all eight counts which he has to face. Indeed, he faces a maximum sentence of 115 years in prison.

Why did the former CEO of FTX then finally agree to surrender to American justice, without fighting against this extradition in a Bahamian court?

Sam Bankman-Fried facing American justice
Sam Bankman-Fried would therefore ultimately prefer to maneuver in the American judicial system than Bahamian?

According to New York Timeslawyers for Sam Bankman-Fried reportedly discussed with US prosecutors the terms of his bail, once their client has been extradited. However, a federal judge will still have to approve such a deal.

Although this potential freedom may be accompanied by restrictive provisions such as house arrest or electronic surveillance, Sam Bankman-Fried could therefore have accepted extradition to regain his freedom, even partial, rather than languishing in Fox Hill prison, as the holidays approached.

Last year, the US State Department published a report on this prison, denouncing the conditions of detention, with cells that would be infested with rats, maggots, and insects.

He was unaware: what about Sam Bankman-Fried’s line of defense before juries?

If the extradition actually takes place and Sam Bankman-Fried begins his legal saga with American justice, what will be the defense strategy of the founder of FTX? Can the victims of the crypto stock market crash hope he pleads guilty? Or will Sam Bankman-Fried maintain the line of defense he revealed during his interviews before his detention?

During his public appearances before his indictmentthe former CEO of FTX had always dismissed allegations of fraud, while admitting shortcomings in the management of the crypto exchange and Alameda, the sister company of FTX which he would not have managed for quite a while.

However, will American justice accept such arguments, which are above all akin to an escape from responsibility, where Sam Bankman-Fried notably denies the fact that the misuse of FTX client funds for the benefit of Alameda were actually carried out under his direction?

Sam Bankman-Fried had already testified before US elected officials. The founder of FTX who preferred to comment on the bankruptcy of his companies, rather than keeping his silence, will he always be so talkative before an American judge?

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