Former FTX CEO Sam Bankman-Fried Brought To USA!

Former FTX CEO Sam Bankman-Frieda Wednesday, Bahamian He was brought to the United States to face federal charges after he accepted extradition in court.

Former FTX CEO Sam Bankman-Fried Arrives in USA After Bahamas Extradition Order

The bankrupt ex-CEO was put on a US government plane bound for New York. Landed at Westchester County Airport.

“I agree in writing to be extradited without formal extradition proceedings,” Bankman-Fried said in a statement he signed in the Bahamas early Wednesday.

The Bahamian State Department said the foreign minister had signed the surrender document authorizing extradition.

The decision comes a day after Bankman-Fried signed extradition papers in the Bahamas, where he lives in a multimillion-dollar mansion, after he hesitated to make a decision since his first hearing last week.

Bankman-Fried was arrested in the Bahamas last week after federal prosecutors in New York filed an eight-point indictment that contained allegations of fraud and conspiracy.

At a hearing last week, Bankman-Fried refused to waive her right to appeal extradition to the United States.

However, multiple sources on the matter said before the hearing to be held on Monday, Bankman-Fried has changed his stance and is ready to waive his extradition request to be detained in the United States.

In addition to criminal charges, Bankman-Fried is facing related civil lawsuits from the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Gretchen Lowe of the Commodity Futures Trading Commission, a federal agency, said more than $8 billion in customer losses were incurred.

“I really wish I had taken a lot more responsibility to understand the details of what was going on there,” Bankman-Fried told Stephanopoulos. “Many people have been hurt and I am responsible for it,” he added.

*Not investment advice.