Photos show disgraced FTX founder Sam Bankman-Fried cuffed in Bahamas on his way to jail
Summary
Less than nine months after Davis lauded FTX founder Sam Bankman-Frieds move to the island nation, Bahamian financial crimes officers spirited the former billionaire from his multimillion-dollar penthouse apartment and into government custody, pending extradition. In court on Tuesday, Bankman-Fried had swapped his signature FTX T-shirt and shorts for a blue jacket and a white button-down, as lawyers pleaded for a judge to allow him to be released on $250,000 bail with an ankle monitor. Citing a "great" risk of flight, the Bahamian justice remanded Bankman-Fried back to jail until his next scheduled hearing on Feb. 8, 2023. His parents, Joseph Bankman and Barbara Fried, gave him a parting hug before Bahamian law enforcement moved Bankman-Fried out of the courtroom and away to the notorious HMP Fox Hill prison where, according to Reuters, hes housed in the medical unit. Bankman-Fried faces criminal charges in the United States, including securities fraud, campaign finance violations and money laundering, over the implosion of his FTX crypto exchange.