Disgraced FTX founder Sam Bankman-Fried is aboard a federal plane en route to New York, after a day of courtroom chaos in the Bahamas over his extradition.
His attorney, Jerone Roberts, reading from an affidavit signed Dec. 20, told the court that Bankman-Fried was consenting to extradition in part due to a "desire to make the relevant customers whole." Bankman-Fried was "anxious to leave," Roberts told the court.that, according to federal complaints, came as a result of risky trading and extravagant spending by FTX executives.
"This is obviously not the typical case," former federal prosecutor Renato Mariotti told CNBC. "He is facing decades in prison. And he doesn't have ties to the community in SDNY like a typical defendant would and also has ties to a foreign jurisdiction. So prosecutors have a shot at getting the judge to order detention unless the defendant posts property or a significant cash bond.
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