Disgraced FTX co-founder Sam Bankman-Fried (SBF) was arrested in the Bahamas, according to local reports citing the country’s Attorney General Ryan Pinder. After receiving formal notice that it was likely to demand extradition.”
FTX co-founder Sam Bankman-Fried is in custody in the Bahamas
Sam Bankman-Fried (SBF) has been arrested after filing for bankruptcy on the 11th. On December 12, 2022, The Tribune reportedthat Attorney General (AG) Ryan Pinder released the news to the press. The news follows The Bahamas’ AG claiming that he FTX is subject to an “active and ongoing investigation.” Pinder told the press on Monday that Bankman-Fried’s arrest in the Bahamas would likely lead to extradition to the United States. announced the arrest of former FTX CEO Sam Bankman-Fried (SBF) by the Royal Bahamian Police.”
The news comes as Caroline Ellison, former CEO of Alameda, has joined Wilmer Hale as a partner in Wilmer Hale. , following reports that he had hired Stephanie Avakian, an attorney who used to work for the U.S. Securities and Exchange Commission (SEC). Bankman-Fried is reportedly hiring attorney Mark Cohen, who represented Ghislaine Maxwell in a recent sex trafficking case. Prime Minister (PM) Philip Davis explained to the media that the Bahamas intended to fully handle the process with the United States.
We share an interest in holding accountable all individuals associated with FTX who may have violated,” Davis said. “Although the United States has separately filed criminal charges against the SBF, the Bahamas will continue its own regulatory and criminal investigation into the collapse of FTX with continued cooperation from the United States and other law enforcement and regulatory partners.” the Prime Minister said. Added.
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