{"id":365254,"date":"2022-12-17T21:16:46","date_gmt":"2022-12-18T02:16:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=365254"},"modified":"2022-12-17T21:16:46","modified_gmt":"2022-12-18T02:16:46","slug":"prison-official-bankman-fried-ready-to-face-the-music","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/prison-official-bankman-fried-ready-to-face-the-music","title":{"rendered":"Prison official: Bankman-Fried ready to “face the music”"},"content":{"rendered":"
According to a prison official who regularly interacts with him, Sam Bankman-Fried, the disgraced and indicted former cryptocurrency executive, spends his days in a Bahamian jail<\/a> watching movies and reading news articles about himself while holding out a glimmer of hope that he will be granted bail and soon depart.<\/p>\n According to the official, Bankman-Fried may decide to stop fighting extradition and allow himself to be brought to the United States to face charges soon.<\/p>\n The official, who spoke on the condition of anonymity because they were not authorized to speak to the media, said that Bankman-Fried, who arrived at the prison known as Fox Hill days ago, is still in “good spirits<\/a>” and has expressed confidence that his lawyers will successfully persuade a judge to grant him bail after their initial attempt failed.<\/p>\n Bankman-Fried told the official on Friday morning that if the attorneys’ efforts failed, he would then give up his right to contest extradition and return to the United States to “face the music.”<\/p>\n The former FTX executive is anticipated to show up in court on Monday for a hearing to change his mind about opposing extradition, according to Reuters’ report on Saturday night.<\/p>\n The young ex-billionaire, who has kept to himself and appeared “awfully scared” during his first days at the prison, was described by the official as “a little arrogant,” but overall “a nice guy.” When the other men in the same room made light of the fact that he was making so much money, he refused to laugh.<\/p>\n The official questioned Bankman-Fried earlier this week as he was watching a local TV news report about himself. The official remembered him saying calmly, “I’ll deal with it. It’s OK,” in response.<\/p>\n An inquiry for comment was not immediately answered by Bankman-Fried’s attorneys.<\/p>\n Since his arrest, Bankman-Fried’s life has dramatically changed. He ran one of the most well-known crypto<\/a> currency exchanges in the world from a $30 million penthouse he shared with his closest friends up until last week. His move to a prison known for its filthy conditions and extreme overcrowding underscores his precipitous fall from grace as American regulators and prosecutors announce a slew of charges against him.<\/p>\n The former CEO of FTX may be moved from the sick bay, which is noticeably nicer than the rest of the facility and has amenities like air conditioning and proper beds, to a prison cell without running water or even a toilet as he awaits his new bail hearing on January 17.<\/p>\n While his extradition trial is scheduled to start on February 8, he has the option to accept extradition at any time and request an early return to the United States.<\/p>\n The only prison in the nation, known as Fox Hill, was established in 1952 and has a long history of inmate complaints that have been supported by expert witnesses and legal records. With little to no access to running water, inmates are frequently made to urinate in buckets or plastic bags. Many people who sleep on the ground get bed sores.<\/p>\n Prison tour today. <\/p>\n Check out @GuardianNassau<\/a> for full tour video in a bit. pic.twitter.com\/oGQnFetjcv<\/a><\/p>\n — Jasper Williams-Ward (@jasperward94) November 28, 2022<\/a><\/p><\/blockquote>\nFrom hero to zero<\/h2>\n
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