BREAKING: FTX founder Sam Bankman-Fried to leave Bahamas for US after agreeing to be extradited
said Bankman-Fried illegally used investors' money to buy real estate on behalf of himself and his family.
FTX founder Sam Bankman-Fried, center, is escorted from a Corrections Department van as he arrives at the Magistrate Court building for a hearing, in Nassau, Bahamas, Wednesday, Dec. 21, 2022. Bankman-Fried was denied bail Friday after a Bahamian judge ruled that he posed a flight risk. Once he's back in the U.S., Bankman-Fried's attorney can request that he be released on bail.
Bankman-Fried is expected to have his first court appearance in the Southern District of New York. The 30-year-old could potentially spend the rest of his life in jail.
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