TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Drive in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with a number of prison fees December 13, 2022, accused of committing one of many greatest monetary frauds in US historical past. Bankman-Fried will serve time at The Bahamas Division of Corrections till February 8, 2023. (Picture by Mario Duncanson / AFP) (Picture by MARIO DUNCANSON/AFP by way of Getty Photos)
Mario Duncanson | Afp | Getty Photos
Philip Davis, the prime minister of the Bahamas, as soon as touted FTX’s arrival within the Bahamas for instance of the professionalism of Bahamian securities regulators in making certain “good actors, versus dangerous actors, come into this area.”
Lower 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 condominium and into authorities custody, pending extradition.
FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Drive in Nassau, Bahamas on December 13, 2022.
Mario Duncanson | AFP | Getty Photos
In courtroom on Tuesday, Bankman-Fried had swapped his signature FTX T-shirt and shorts for a blue jacket and a white button-down, as legal professionals pleaded for a choose to permit him to be launched on $250,000 bail with an ankle monitor.
Bankman-Fried’s dad and mom watched on as a Bahamian Justice of the Peace choose quashed any probability of Bankman-Fried’s return to his home. Citing a “nice” threat 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 Justice of the Peace’s Courtroom 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.
Katanga Johnson | Bloomberg | Getty Photos
His dad and mom, Joseph Bankman and Barbara Fried, gave him a parting hug earlier than Bahamian regulation enforcement moved Bankman-Fried out of the courtroom and away to the infamous HMP Fox Hill jail the place, based on Reuters, he is housed within the medical unit.
Sam Bankman-Fried, founding father of FTX, middle proper, is escorted out of the Justice of the Peace’s Courtroom 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.
George Robinson | Bloomberg | Getty Photos