Embattled FTX founder Sam Bankman-Fried was denied bail in a Bahaman court on Tuesday after being arrested on Monday, with the judge saying he could attempt to flee the country.
The judge in the court ruled that Bankman-Fried should be held in custody in the Bahamas until Feb. 8, 2023, per CNBC.The report also said Bankman-Fried's legal team is preparing to fight an extradition order that would send him back to the United States from the Caribbean country.
Bankman-Fried has been indicted on eight charges by the U.S. District Court for the Southern District of New York and is set to be extradited to the U.S. for trial. He was arrested after charges were filed in the U.S. The charges include those relating to wire fraud, commodities fraud, securities fraud, money laundering, defrauding the U.S., and violating campaign finance laws.
The Securities and Exchange Commission also charged Bankman-Fried with"fraud in connection with the purchase of sale and securities" and"fraud in the offer or sale of securities."The denial of bail to Bankman-Fried comes as authorities also accuse him of making political donations under other people's names in violation of multiple campaign finance laws.
Bankman-Fried's criminal charges come nearly a month after his cryptocurrency company FTX collapsed, leading him to leave the company. FTX had the third-largest cryptocurrency exchange by volume before it went bankrupt.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
FTX Founder Sam Bankman-Fried Formally Charged With Conspiracy, Fraud in US CourtJUST IN: U.S. prosecutors just unveiled a litany of charges against Sam Bankman-Fried, including conspiracy, campaign finance violation and fraud allegations. nikhileshde reports
Lire la suite »
BREAKING: Criminal Charges Against Sam Bankman-Fried Unsealed, as FTX Founder Appears in Court | CoinMarketCap🚨 BREAKING: Sam Bankman-Fried charged with wire fraud and money laundering — as well as conspiracy to defraud the U.S. and violate campaign finance laws
Lire la suite »
Sam Bankman-Fried arrest live updates: FTX founder to appear in court in BahamasLATEST: The eight-count indictment from the Southern District of New York charges Sam Bankman-Fried with conspiracy and fraud.
Lire la suite »
Former FTX CEO Sam Bankman-Fried was arrested and charged with fraudThe former CEO of the popular crypto exchange, FTX, was arrested in The Bahamas and faces extradition to the US.
Lire la suite »
Live updates: FTX founder Sam Bankman-Fried charged with fraud, money laundering'This is really old-fashioned embezzlement,' new FTX CEO John J. Ray says in a House hearing on the collapse of the crypto firm. 'This is just taking money from customers and using it for your own purpose. Not sophisticated at all.'
Lire la suite »