Sam Bankman-Fried Signs Extradition Papers, Will Return To US From Bahamas
After a chaotic 24 hours of on-again, off-again headlines surrounding the disgraced Democrat donor, ABC reports that FTX founder Sam Bankman-Fried has now signed extradition papers in the Bahamas.
After apparent disagreements between his US and local lawyers yesterday, The Wall Street Journal reported that, according to a person familiar with the matter, the FTX founder has agreed to be extradited, and plans were being fleshed out by his legal team after the day’s court proceedings.
Jerone Roberts, who represents Mr. Bankman-Fried in the Bahamas, reportedly agreed to draft the necessary documents after having a conference call with the former chief executive and his U.S. lawyers.
The disgraced former crypto exchange CEO has now signed the papers to waive an extradition hearing from the Bahamas.
Bankman-Fried is now due back in court Wednesday and, with extradition papers signed, should be clear for transfer to New York to face prosecution, according to acting Commissioner of Corrections Doan Cleare.
Extradition will pave the way for a protracted legal showdown in the U.S. Last week, the Southern District of New York of the Justice Department unsealed a 13-page criminal indictment.
Bitcoinist reports, that, according to defense attorney Zachary Margulis-Ohnuma, Bankman-Fried would likely be detained at the Metropolitan Detention Center in Brooklyn upon arriving in the U.S., although some defendants are being kept at jails just outside of New York City owing to congestion at the facility.