Sam Bankman-Fried Heads For Hometown Reunion This Christmas

FTX’s former founder Sam Bankman-Fried will return to the United States upon the signed extradition treaty, according to an NBC report.

By the time of extradition, Bankman-Fried will be present prior to the Bahamas court on Dec. 21 for the verdict on FTX’s case. The man will be returned to Brooklyn prison in New York today or tomorrow.

Previously, Sam Bankman-Fried vindicated that he had no record of escaping and was willing to pay $250k to pay bail. However, the Bahamian judge refused to approve his bail, considering his great risk of flight. The decision put him in the local jail Fox Hail, which turned out to be a hardly enjoyable experience for our man.

The prison conditions were considered harsh and overcrowded with no proper standards of medical care, hygiene, and nutrition. The worst parts were obviously the lack of video games and Twitter, the two seemingly inseparable things of Sam Bankman-Fried.

Sam Bankman-Fried eventually surrendered the extradition request and reversed his decision. The disgraced white knight will face 8 criminal charges from 3 different agencies including the Federal Bureau of Investigation (FBI), the U.S. Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC).

If proven guilty of all those charges, Bankman-Fried could likely spend up to 115 years in prison. Damian Williams, the case’s federal prosecutor at the Southern District of New York, said that “this is one of the biggest financial frauds in American history.” Justice will be delivered – the prosecutor noted that investigators were also after those involved.

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