National

Another Day Of Confusion At Court

NASSAU, BAHAMAS – Sam Bankman-Fried is expected to be back in the Magistrates’ Court tomorrow, but the news follows another day of turmoil at the courts.

Published

2 years ago

December 20, 2022

Berthony McDermott

NASSAU, BAHAMAS – Sam Bankman-Fried is expected to be back in the Magistrates’ Court tomorrow, but the news follows another day of turmoil at the courts.

It was another confusing day at the Magistrate’s Court as local and international media gathered amid talks that former FTX CEO Sam Bankman-Fried would return to court today.

But, that didn’t happen.

His attorney, Jerone Roberts, told other news media that his client has agreed to be extradited to the United States.

In court Monday, Bankman-Fried was expected to waive his right to extradition, but his attorney expressed shock to learn that his client was in court and not still behind bars.

This after he told Chief Magistrate Joyanne-Ferguson Pratt that he would fight extradition to the U.S.

While at court today, officials from the U.S. Embassy and attorneys for the former crypto billionaire all went to court, but the court never convened.

Embassy officials soon left followed by his attorneys a few minutes later.

Our News sought to get an update from the lead attorney.

In an indictment, prosecutors for the southern district of New York allege that Bankman-Fried conspired with others to commit wire fraud, commodities fraud, securities fraud, and money laundering. He faces up to 115 years in prison.

The Securities Commission of The Bahamas froze FTX’s assets in The Bahamas and moved to put the company into liquidation.

The U.S entities are engaged in Chapter 11 bankruptcy in the United States.

Bankman-Fried returns to court 11AM Wednesday.