Sam Bankman-Fried Gets Extradition Deal And More Details

Sam Bankman-Fried Gets Extradition Deal And More Details

Sam Bankman-Fried Gets Extradition Deal And More Details

If you are anything like me, you were hate-watching the final episode of the J6 Committee and thinking ill-wishes on each and every member of that committee. Further East in the Bahamas, Maxine Waters’ boytoy, Sam Bankman-Fried, was causing chaos, not with his FTX crypto-coin, but with his legal (???) maneuvers.

Last week, I told you about the arrest of Sam Bankman-Fried (SBF) in the Bahamas, the night before he was due to testify before the House Financial Services Committee. It was such a dog-gone shame after Auntie Maxine sent him such a lovely note. It seemed weird to professional prosecutors who would have loved to hear SBF incriminate himself, but that was the point. The powers that be did not want Sam Bankman-Fried vomiting the truth on CSpan.

SBF indicated to the Bahamian Court that he intended to fight extradition. The court then denied him bail at $250k on the matter that he was a flight risk. Reports indicate that his mother guffawed at the idea that he was a flight risk. Sam was being held in the Fox Hill Prison in Nassau. Here is a description of the conditions:

The Bahamas prison where FTX founder Sam Bankman-Fried is reportedly heading following his arrest was flagged by the U.S. State Department last year as having “harsh” conditions “due to overcrowding, poor nutrition [and] inadequate sanitation” along with cells “infested with rats, maggots, and insects.”

Bankman-Fried, who was denied bail Tuesday after his arrest a day earlier, is being taken to Fox Hill Prison on New Providence Island, the only government detention center in the Bahamas, according to Reuters.

“He will be in sick bay for orientation purposes and then we will determine where best to place him,” Bahamian Commissioner of Correctional Services Doan Cleare told Reuters, which reported that the medical department area can hold about five people.

A 2021 U.S. State Department report said prisoners at Fox Hill described “infrequent access to nutritious meals and long delays between daily meals.”

And to think, his family was concerned about him getting his vegan meals. The heart breaks. Are maggots considered vegan? What happens when a soft and fluffy beta-male spends a few days in the harsh reality of a Bahamian jail? Extradition seems like a damn fine idea. From the Wall Street Journal:

Jerone Roberts, who represents Mr. Bankman-Fried in the Bahamas, agreed to draft the necessary documents after having a conference call with the former chief executive and his U.S. lawyers, the person said.

Over the weekend, people familiar with the matter said Mr. Bankman-Fried was planning to consent to extradition to the U.S. but cautioned that his legal plans were still in flux and could change.

Monday’s hearing suggested Mr. Bankman-Fried’s U.S. lawyers and Mr. Roberts weren’t in perfect alignment. Mr. Roberts told Magistrate Judge Shaka Serville that he was surprised to see his client in court.

“Whatever trail that got him here this morning, it did not involve me,” Mr. Roberts said.

Franklyn Williams, of the Bahamas Department of Public Prosecutions, said in court that a U.S. lawyer for Mr. Bankman-Fried had contacted his office over the weekend.

“We understood that Mr. Bankman-Fried intended to waive his extradition,” Mr. Williams said.

Mr. Roberts said he was unaware of that development. He said he needed documents, including the U.S. indictment, to review with Mr. Bankman-Fried before his client could make a decision on whether to waive any objection to his transfer to the U.S.

Judge Serville granted a request for Mr. Bankman-Fried and Mr. Roberts to confer with the former executive’s U.S. lawyers.

Mr. Bankman-Fried was later escorted back to jail by a caravan of armed police officers and jail officials.

That’s what a week in a Bahamian Prison will do. It’s all well and good for his American lawyers to work out their maneuvers. Their fluffy white backsides are not in a Bahamian Prison.

According to NBC News, Sam Bankman-Fried was shaking in the courtroom:

He demanded to see the charging documents? That’s a good thing, I think. I love the description of him “visibly shaking”. I sure would be shaking if I was facing about 115 years in jail. He was defying “the strongest possible legal advice”. None, none of those lawyers are sitting in a Bahamian prison. None. It’s not hard to guess what SBF is thinking. He doesn’t want to be in a Bahamian Prison. There are lovely Club Feds in West Virginia, Maryland and Connecticut. I am sure that SBF would swim over to the U.S. if he could be in one of those.

The SEC should slow roll this extradition. SBF deserves the maggots after what he did to investors.

Featured Image: Wikimedia Commons/cropped/Public Domain

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