SBF Will Be Extradited Back To US Tomorrow or Wednesday
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December 19, 2022 9:40 pm
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illSam Bankman-Fried, the founder of TX, has consented to being sent to the United States, where federal prosecutors have filed eight counts of fraud and conspiracy accusations against him.
According to his lawyer, Jerone Roberts, Bankman-Fried has decided to be extradited voluntarily, and his next court appearance will be in order to complete the extradition process.
It’s expected he will be back in the US as early as Tuesday morning or Wednesday afternoon.
SBF’s hearing will be one of the first of the day when the Nassau Magistrate Court opens at 9:30 a.m. ET.
As previously reported, Bankman-Fried is being accused of defrauding customers and investors in FTX, the crypto exchange he founded in 2019, though he has insisted that he was not aware of any fraudulent activity.
BREAKING: FTX founder SBF has agreed to be extradited to the US and will be arriving either tonight or tomorrow – Fox News
— Insider Paper (@TheInsiderPaper) December 19, 2022
JUST IN: FTX founder SBF is preparing to be extradited to the US
— whalechart.org 🐳 (@WhaleChart) December 19, 2022
The WSJ had these details to add:
FTX founder Sam Bankman-Fried inched closer to being transferred into U.S. custody to face criminal charges related to the cryptocurrency exchange’s collapse, after a chaotic court hearing here Monday in which his local lawyer appeared at odds with his U.S. legal team.
Mr. Bankman-Fried has agreed to be extradited, according to a person familiar with the matter, and plans were being fleshed out by his legal team after the day’s court proceedings. Mr. Bankman-Fried’s lawyers hope to have a new hearing on the matter as early as Tuesday, the person said.
Jerone Roberts, who represents Mr. Bankman-Fried in the Bahamas, agreed to draft the necessary documents after having a conference call with the former chief executive and his U.S. lawyers, the person said.
Over the weekend, people familiar with the matter said Mr. Bankman-Fried was planning to consent to extradition to the U.S. but cautioned that his legal plans were still in flux and could change.
After a few days in Bahamian jail, SBF prematurely showed up to a court hearing this morning hoping to be extradited to the US. The judge deemed SBF’s appearance a “waste of time” and sent him back to prison.
— Tiffany Fong (@TiffanyFong_) December 19, 2022
CNN got the scoop too:
FTX founder Sam Bankman-Fried agreed to be extradited to the United States, where federal prosecutors have indicted him on eight counts of fraud and conspiracy.
Jerone Roberts, the attorney representing Bankman-Fried in the Bahamas, confirmed Monday afternoon that his client “has agreed to be voluntarily extradited to the United States of America.”
In an interview with a local journalist obtained by CNN, Roberts said Bankman-Fried’s next court appearance will be to complete the extradition process.
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