- A Bahamian decide denied FTX founder Sam Bankman-Fried’s ask for to be enable out on bail.
- Bankman-Fried’s law firm argued that he really should be released due to the fact of his vegan diet plan and reliance on numerous medications.
- The disgraced crypto trade CEO will remain in custody in the country’s notorious prison.
FTX founder and CEO Sam Bankman-Fried experimented with to use his vegan diet program as a rationale to be launched from jail in the Bahamas, in accordance to CoinDesk.
It failed to get the job done.
Bahamian authorities arrested Bankman-Fried on Monday following US prosecutors alerted them that he experienced been indicted.
On Tuesday, that indictment was unsealed, revealing Bankman-Fried was charged with crimes including wire fraud, wire fraud conspiracy, and conspiracy to commit money laundering following his cryptocurrency trade drastically imploded.
CoinDesk noted Bankman-Fried’s lawyers questioned the choose at a courtroom listening to in the Bahamas on Tuesday to think about releasing him on $250,000 bail.
His legal professionals said Bankman-Fried desired to maintain to his vegan diet program and had to choose a variety of medicines, including Adderall and Zyrtec, according to reports.
Bankman-Fried’s lawyer, Jerome Roberts, claimed the FTX founder is not a flight risk simply because he owns actual estate in the Bahamas, CoinDesk noted.
Roberts also added that he has Bankman-Fried’s passport, so the disgraced CEO won’t be able to go away. But Bahamian Magistrate Decide Joyann Ferguson-Pratt did not invest in it, stating anyone established adequate could come across a way to flee the country, according to CoinDesk.
“If you sat exactly where I sit, with the quantity of bail violations that come before me, you would recognize [my concerns],” Ferguson-Pratt said, CoinDesk documented.
Bankman-Fried’s extradition listening to is scheduled for Feb. 8. A cellphone variety outlined for Bankman-Fried’s lawyer in the Bahamas went to voicemail.
Right until then, he’ll be held in the Bahamas’ Fox Hill Prison, which is notorious for its harsh circumstances, with a person report detailing inmates removing human waste by bucket and dwelling with rat infestations.
