Last week, Sam Bankman Friend’s legal counsel gave a hint that they might contest extradition to the U.S. Sam Bankman-Fried (aka- SBF) requesting to see his federal indictment before agreeing to return to the U.S. He will return to Fox Hill jail rather than surrendering himself for U.S. extradition. His attorney, Jerone Roberts and Bahamian local prosecutors argued fiercly in court on Monday. Roberts said that prosecutors wouldn’t share the U.S. indictment with SBF.
Sam Bankman-Fried may spend the rest of his life in federal prison without the chance of supervised release if he is found guilty of any one of the eight crimes with which the prosecution has accused him.
Sam Bankman-Fried appeared at a hearing in the Bahamas early on Monday and is scheduled to inform the judge that he won’t challenge his extradition to the United States, where he is accused of a number of criminal and civil offenses connected to the failure of cryptocurrency exchange FTX.
Only one week after Bankman-attorneys Fried’s had declared their intention to contest her extradition, they have changed their minds. February 8 was the day of an extradition hearing. His about-face could shorten the period before he is deported to the United States.
The humiliated crypto tycoon, Sam Bankman Fried who demanded to view a copy of his federal indictment, will be sent back to Fox Hill prison. In an unexpected decision following allegations over the weekend that Sam Bankman-Fried will turn himself in to U.S. custody, Bahamian magistrate Shaka Serville has ordered that Bankman-Fried be sent back to Bahamian prison.
The Bahama prison has been know for deplorable condition. In a 20-page report, torture and other cruel, inhuman, or degrading treatment or punishment exists. The constitution prohibits torture and cruel, inhuman, or degrading treatment or punishment. At times citizens and visitors alleged instances of cruel or degrading treatment of criminal suspects or of migrants by police or immigration officials. Individuals detained in jails complained they were denied access to medical care and food and were degraded through name-calling and homophobic slurs.
There are extenuating circumstances that could reduce his punishment. Trial attorneys and former prosecutors claim that, in reality, many white-collar defendants receive sentences that are less severe than those recommended by the guidelines. Thus, life sentences can be dramatically lowered even in serious fraud situations.
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