Ex-FTX CEO ends up in Oklahoma prison despite request from judge

cyptouser6 months agoCryptocurrencies News113
55966e89>

Former FTX CEO Sam “SBF” Bankman-Fried is no longer incarcerated in New York or California, where his parents own a home — according to prison records, he’s in Oklahoma.

As of May 23, inmate records for the Federal Bureau of Prisons showed that Bankman-Fried was being held at the Federal Transfer Center in Oklahoma City. According to the Office of the Inspector General for the U.S. Department of Justice, the facility confines inmates on a “short-term basis” for transfers within the prison system.

SBF’s relocation to Oklahoma, coupled with reports from May 22, suggested that authorities may transfer the former FTX CEO from the Metropolitan Detention Center (MDC) in Brooklyn to the Federal Correctional Institution (FCI) in Mendota. The transfer appeared to have happened despite Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York recommending SBF stay at MDC Brooklyn.

Bankman-Fried had been housed in New York since a judge revoked his bail in August 2023 and, following his March 2024 sentencing hearing, requested to remain at MDC Brooklyn to “facilitate access to his appellate counsel.” A jury convicted the former FTX CEO of seven felony counts in November 2023, and Judge Kaplan later sentenced him to 25 years in prison.

Related: SBF maintains his innocence as he trades rice in jail

In a letter with the court filed on May 22, Judge Kaplan requested that Bankman-Fried remain in New York “until his appeal has been fully briefed to facilitate access to appellate counsel.”

Source: Courtlistener

At the time of publication, it was unclear how long Bankman-Fried would be confined to the Oklahoma facility. If transferred to FCI Mendota, the former FTX CEO would stay close to his parents’ San Francisco Bay Area home. According to the Federal Bureau of Prisons’ website, the Oklahoma facility near the Will Rogers World Airport houses 1,414 inmates.

Bankman-Fried was the only individual connected to the collapse of FTX and Alameda Research to plead not guilty and be convicted for his role in defrauding customers. Former FTX and Alameda executives Ryan Salame, Caroline Ellison, Gary Wang and Nishad Singh all pleaded guilty and accepted deals with authorities. Salame’s sentencing hearing is scheduled for May 28.

Magazine: ‘Less flashy’ Mashinsky set for less jail time than SBF: Inner City Press, X Hall of Flame

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Cathie Wood’s Bitcoin ETF hits daily inflow record as BTC retests $72K

Cathie Wood’s Bitcoin ETF hits daily inflow record as BTC retests $72K

25cc9d4a˃ARK 21Shares’ spot Bitcoin (BTC) exchange-traded fund (ETF) managed to notch a record $201....

Grayscale, BlackRock Ethereum ETF applications updated amid SEC delays

Grayscale Investments and BlackRock have updated their spot Ethereum ETF applications despite the SE...

Is mysterious ΑΙ ‘gpt2-chatbot’ OpenAI’s next upgrade in disguise?

Is mysterious ΑΙ ‘gpt2-chatbot’ OpenAI’s next upgrade in disguise?

55966e89˃The internet is buzzing after a mysterious artificial intelligence (AI) chatbot appeared on...

SoftBank subsidiary to develop semiconductor chips, reports profits after AI shift

55966e89˃SoftBank-owned processor designer Arm has announced plans to develop its own in-house artif...

Centralized crypto exchanges are key for mass adoption, despite FTX collapse

Centralized crypto exchanges are key for mass adoption, despite FTX collapse

55966e89˃Centralized cryptocurrency exchanges (CEXs) are still the key to attracting more mainstream...

Hong Kong to crack down on crypto money launderers in the aftermath of $193M JPEX scandal

Hong Kong’s Customs and Excise Department is looking to tighten regulatory measures to address...