EGN NEWS DESK
Sam Bankman-Fried, the founding father of the FTX cryptocurrency change who was convicted of fraud and conspiracy, was transferred out of a Brooklyn detention middle on Wednesday morning, his spokesman stated.
Mr. Bankman-Fried’s remaining vacation spot wasn’t clear, stated his spokesman, Mark Botnick. Before the switch, Mr. Bankman-Fried, 32, informed folks near him that he anticipated to be moved to a federal correctional facility in Mendota, Calif., an individual with information of the matter stated.
A consultant for the Bureau of Prisons declined to touch upon Mr. Bankman-Fried, citing “privateness, security and safety causes.” A spokesman for the prosecutors who oversaw Mr. Bankman-Fried’s case didn’t instantly reply to a request for remark.
Mr. Bankman-Fried’s switch was reported earlier by The Wall Street Journal.
In March, Mr. Bankman-Fried was sentenced to 25 years in jail, after he was convicted of defrauding FTX’s prospects, traders and lenders. Prosecutors stated that he orchestrated a yearslong fraud, siphoning $8 billion from buyer accounts to finance enterprise capital investments, political contributions and actual property purchases.
When he was charged, Mr. Bankman-Fried was granted bail and confined to his dad and mom’ home in Northern California. The judge overseeing his case revoked his bail in August, saying that he had tried to intimidate a witness.
Since then, Mr. Bankman-Fried has been confined to the Metropolitan Detention Center in Brooklyn. After he was sentenced in March, Mr. Bankman-Fried requested to stay within the detention middle whereas he works on an attraction difficult his conviction.
