Former FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, reportedly agreed to be extradited to the United States to face charges.

According to a December 19 report by Reuters, Bankman-Fried’s legal team said it planned to prepare documents for him to appear in the Bahamas Magistrate Court sometime this week. The former FTX CEO attended an emergency court hearing just hours earlier with no apparent adjudication or ruling: He returned to prison after the event.

“Mr. Bankman-Fried wants to set clients right, and that is what motivated his decision,” said Jerome Roberts of SBF’s legal team.

Bankman-Fried reportedly wanted to see the indictment against him before agreeing to be extradited to the United States. He faces charges from the Department of Justice, the Commodity Futures Trading Commission and the Securities and Exchange Commission related to defrauding investors and lenders, as well as violations of campaign finance laws. He could be facing a sentence of 115 years if he is convicted.

Related: The SBF legal battle still has “a lot to play for” according to legal commentators.

The former CEO of FTX has been in the custody of Bahamian authorities since December 12, when Bahamian police arrested him as part of extradition proceedings with the US. Until then, Bankman-Fried had been giving He regularly interviews the mainstream media and was expected to testify. before at least one congressional hearing.



This post Sam Bankman-Fried Accepts US Extradition ‘To Set Clients Right’: Report

was published first on https://cointelegraph.com/news/sam-bankman-fried-agrees-to-us-extradition-to-put-the-customers-right-report

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