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SBF Changes Mind On Extradition To US After Four Days In Bahamian Jail

ZeroHedge | by Tyler Durden Monday, Dec 19, 2022 – 04:11 AM

After spending just five days in a Bahamian jail cell, FTX founder Sam Bankman-Fried is backpedaling on his decision to contest extradition to the United States to face fraud charges, Reuters reports, citing a person familiar with the matter.

According to the report, SBF will appear in court on Monday to formally consent to extradition – which will pave the way for him to appear in US court to face charges that he commingled customer deposits to cover expenses and debts, and to make investments through his crypto hedge fund, Alameda Research LLC.

That said, legal experts tell Reuters that a trial is likely over a year away.

As Fox News reported last week, the Bahamas prison where SBF was reportedly heading – Fox Hill – is “harsh” due to “overcrowding, poor nutrition [and] inadequate sanitation,” along with cells that are “infested with rats, maggots, and insects.”

File video from 2022 shows squalid condition as Nassau, Bahamas’ correctional facility known as Fox Hill Prison. (Nassau Guardian via Reuters / Reuters Photos)

“He will be in sick bay for orientation purposes and then we will determine where best to place him,” said Bahamian Commissioner of Correctional Services Doan Cleare in a statement to Reuters.

A 2021 U.S. State Department report said prisoners at Fox Hill described “infrequent access to nutritious meals and long delays between daily meals.” 

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