Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, in keeping with native reviews citing the nation’s legal professional basic Ryan Pinder. In response to Pinder, SBF’s arrest “adopted receipt of formal notification from the US that it has filed legal expenses in opposition to SBF and is more likely to request his extradition.”
FTX Co-Founder Sam Bankman-Fried Is in Custody in The Bahamas
Following the collapse of FTX and Alameda Analysis final month and the bankruptcy filing on Nov. 11, 2022, Sam Bankman-Fried (SBF) has been arrested. On Dec. 12, 2022, The Tribune reported that legal professional basic (AG) Ryan Pinder disclosed the information to the press. The information follows the Bahamian AG insisting that FTX was topic of an “lively and ongoing investigation.” Pinder instructed the press on Monday that Bankman-Fried’s arrest in The Bahamas will doubtless result in a U.S. extradition.
“On 12 December 2022, the Workplace of the Legal professional Basic of The Bahamas is asserting the arrest by The Royal Bahamas Police Drive of Sam Bankman-Fried (SBF), former CEO of FTX,” the AG’s workplace detailed. “SBF’s arrest adopted receipt of formal notification from the US that it has filed legal expenses in opposition to SBF and is more likely to request his extradition,” the Bahamian AG workplace declared.
The information follows the reviews that mentioned ex-Alameda CEO Caroline Ellison hired Wilmerhale associate Stephanie Avakian, an legal professional that labored for the U.S. Securities and Alternate Fee (SEC). Bankman-Fried has reportedly retained legal professional Mark Cohen, the lawyer who represented Ghislaine Maxwell throughout her latest intercourse trafficking case. Prime minister (PM) Philip Davis defined to the press that The Bahamas intends to totally deal with the method with the US.
“The Bahamas and the US have a shared curiosity in holding accountable all people related to FTX who could have betrayed the general public belief and damaged the regulation,” Davis mentioned. “Whereas the US is pursuing legal expenses in opposition to SBF individually, The Bahamas will proceed its personal regulatory and legal investigations into the collapse of FTX, with the continued cooperation of its regulation enforcement and regulatory companions in the US and elsewhere,” the PM added.
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