(Daily Wire) Disgraced FTX founder and former CEO Sam Bankman-Fried is reportedly ready to “face the music” and be extradited to the U.S. where he faces a litany of financial criminal charges related to his actions at the now collapsed company.
FTX filed for bankruptcy last month after users discovered that the company was intertwined with sister firm Alameda Research; both were controlled by Bankman-Fried and a group of amateur executives working from a luxury penthouse in the Bahamas. The disgraced entrepreneur was arrested this week by authorities in the island nation, where his companies were headquartered, as U.S. securities regulators and federal law enforcement officials accused him of fraud.
Bloomberg News reported that SBF will “drop his fight against extradition to the U.S.” to face charges of conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance violations.
A prison official described SBF as “a little arrogant,” and seemingly “awfully scared” of being inside the Bahamas prison, known as Fox Hill, which was previously described by one prison officer as not being “fit for humanity.”
The disheveled 30-year-old reportedly spends his days watching entertainment shows and reading news articles about himself.
