FTX founder Sam Bankman-Fried is led by officers of the Royal Bahamas Police power following his arrest.
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Philip Davis, the prime minister of the Bahamas, as soon as touted FTX’s arrival within the Bahamas for example of the professionalism of Bahamian securities regulators in guaranteeing “good actors, as opposed to bad actors, come into this space.”
Less than 9 months after Davis lauded FTX founder Sam Bankman-Fried’s transfer to the island nation, Bahamian monetary crimes officers spirited the previous billionaire from his multimillion-dollar penthouse condo and into authorities custody, pending extradition.
FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022.
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In court docket on Tuesday, Bankman-Fried had swapped his signature FTX T-shirt and shorts for a blue jacket and a white button-down, as attorneys pleaded for a choose to permit him to be launched on $250,000 bail with an ankle monitor.
Bankman-Fried’s mother and father watched on as a Bahamian Justice of the Peace choose quashed any probability of Bankman-Fried’s return to his home. Citing a “great” danger of flight, the Bahamian justice remanded Bankman-Fried again to jail till his subsequent scheduled listening to on Feb. 8, 2023.
Sam Bankman-Fried, founding father of FTX, left, and his mom Barbara Fried on the Magistrate’s Court in Nassau, Bahamas, on Tuesday, Dec. 13, 2022. Bankman-Fried was denied bail by a choose, leaving the disgraced co-founder of crypto large FTX behind bars.
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His mother and father, Joseph Bankman and Barbara Fried, gave him a parting hug earlier than Bahamian legislation enforcement moved Bankman-Fried out of the courtroom and away to the infamous HMP Fox Hill jail the place, in keeping with Reuters, he is housed within the medical unit.
Sam Bankman-Fried, founding father of FTX, heart proper, is escorted out of the Magistrate’s Court in Nassau, Bahamas, on Tuesday, Dec. 13, 2022. Bankman-Fried was denied bail by a choose, leaving the disgraced co-founder of crypto large FTX behind bars.
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