But Williams didn’t address how US authorities plan to get Bankman-Fried back from his tropical locale to face the eight-count indictment unsealed against him on Tuesday in New York federal court.
Bankman-Fried has denied knowingly committing fraud in numerous media interviews. Mark Cohen, a New York lawyer for the FTX founder, said in a statement on Tuesday that his client is “reviewing the charges with his legal team and considering all of his legal options”. Huawei Technologies chief financial officer Meng Wanzhou was arrested in Canada in 2018 at the request of the US government which accused her of conspiring to avoid US sanctions on Iran. She fought extradition to the US until September 2021, when she was released under a non-prosecution deal with the Justice Department.
“Extradition law can be rather arcane,” said Douglas McNabb, a Houston lawyer who specialises in extradition cases. He said the Bahamas sees a number of such cases, though mainly involving drug-trafficking defendants.extradition from the Bahamas for 11 years before they were finally sent to Florida in 2015. Among the arguments they employed against extradition was that one of the judge who heard the case had been subject to a mandatory retirement age.
I still struggle to understand how an exchange was able to steal people’s money? Surely it was used as a platform upon which crypto transactions/ exchanges could take place? They should not have had access to their clients’ funds
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International Finance: Sam Bankman-Fried arrested in Bahamas as US files FTX chargesThe disgraced co-founder of digital-asset exchange FTX was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse. Mmm 🤔🤔 - convenient. Couldn't have SBF mouthing off before House Republicans in less than 3 weeks. Possibly been lawyered up and well looked after as second largest donor to Dems in mid terms. Regime looking after their asset? Asking for a friend. What do u mean weeks of speculation? Client funds are gone, stolen ... Clients are not wondering if the money has been misused, they know for a fact cos it's not there... Ay man
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