Crypto-Scammer Sam Bankman-Fried To Be Extradited To The U.S. To Face Charges

Crypto-scammer Sam Bankman-Fried has been in a Bahamas prison for the last week but is now going to be brought back to the United States to face charges.

SBF was arrested in the Bahamas right before he was scheduled to go before Congress to answer questions, raising suspicions.

His political donations are of particular interests. He was the second biggest donor to the Democrats in the 2022 midterms.

CBS News has details on his extradition:

Ex-FTX CEO Sam Bankman-Fried agrees to be extradited to U.S., sources say

Sam Bankman-Fried, the former CEO of FTX, has agreed to be extradited from the Bahamas to the U.S. to face charges related to the failed crypto exchange’s collapse, according to a source familiar with the agreement confirmed to CBS News.

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Bankman-Fried’s lawyer, Jerone Roberts, told Eyewitness News Bahamas that Bankman-Fried will waive his right to an extradition hearing.

It wasn’t immediately clear when Bankman-Fried would return to the U.S., but it could be as soon as Tuesday, the source told CBS News.

The agreement was first reported by The Washington Post.

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Bankman-Fried was arrested last Monday in the Bahamas at the request of the U.S. government based on charges of wire fraud and conspiracy filed in the U.S.

A grand jury indictment charged Bankman-Fried with wire fraud and conspiracy to commit wire fraud against lenders and customers, conspiracy to commit securities fraud, conspiracy to commit money laundering, and violations of campaign finance laws…

The 30-year-old could potentially spend the rest of his life behind bars.

This is where he is going:

His future is not going to be pleasant.

 

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