Sam Bankman-Fried seeks bail deal while being extradited to US | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Lawyers for Sam Bankman-Fried are negotiating with federal prosecutors in New York on a bail arrangement that would enable him to avoid detention, people familiar with the matter told CNN

FTX crypto exchange founder Bankman-Fried, who oversaw his now-bankrupt crypto empire from a luxury compound in the Bahamas, is expected to return as early as Wednesday to the United States. Federal prosecutors in the US have charged him with orchestrating “one of the biggest financial frauds in American history.” Once the 30-year-old is in the US, Bankman-Fried will appear before a judge in Manhattan for a bail hearing.

The MDC is a pre-trial holding facility that former inmates and rights advocates have described as inhumane, citing frequent lockdowns, overcrowding and power outages that have left it without heat in the middle of winter. Facing life in prison Federal prosecutors last week charged Bankman-Fried with defrauding investors and customers of FTX, which he founded in 2019. If convicted on all eight charges of fraud and conspiracy, he could face life in prison.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Does he have a public defender or is paying the lawyers with people's money?

Is the owner of CNN Amroman or Amroscandinavian?

Make sure you steal big

Hell no

bigger question is will he be epsteined?

Post a bail of ten billion and avoid detention.

They would nervous he would jump aboard

MattMurph24 He's a flight risk.

Why does he always look like a serial killer. Is this look what convinced people to give him money?

After donating all that stolen money.. 😬

With what money?

How about $ 2 billion bail.

Unacceptable

BAIL?!? Dude was caught in another country running away

Prison is fine. Leave him there.

Why CNN?

He's sure lucky considering other big crypto guys are found dead under suspicious circumstances.

just like our ol' good friend - philanthropist from NY - life - no parrol 'Bernard Lawrence Madoff (April 29, 1938 – April 14, 2021) was an American fraudster and financier who ran the largest Ponzi scheme in history, worth about $64.8 billion. DOJPH - NO BAIL

Ha! Really? This man was the second biggest Democrat campaign donor after Soros!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines