After being denied bail in a Bahamas Justice of the Peace Courtroom, former FTX CEO Sam Bankman-Fried might spend as much as two months within the nation’s Fox Hill Jail, a facility with reported instances of bodily abuse towards prisoners and “harsh” circumstances.
Authorities within the Bahamas reportedly remanded Bankman-Fried to the medical wing of Fox Hill following a Dec. 13 listening to. SBF’s counsel stated he had been taking remedy previous to his arrest on Dec. 12 together with Adderall and anti-depressants, but it surely’s unclear if the previous CEO will serve his time on the correctional facility, its medical unit, or an alternate location.
In line with a 2021 human rights report from the U.S. State Division, circumstances at Fox Hill had been “harsh” based mostly on investigations which decided the power was overcrowded, prisoners had poor diet, and there was insufficient sanitation and medical care. The report additionally included instances of bodily abuse by correctional officers.
“Most-security cells for males measured roughly six toes by 10 toes and held as much as six individuals with no mattresses or rest room services,” stated the report. “Inmates eliminated human waste by bucket. Prisoners complained of the shortage of beds and bedding. Some inmates developed bedsores from mendacity on naked floor. Sanitation was a common downside, and cells had been infested with rats, maggots, and bugs.”
Fox Hill is the Bahamas’ solely jail, and the Carmichael Highway Detention Middle was meant for short-term stays. Nonetheless, Bahamian Commissioner of Correctional Companies Doan Cleare reportedly stated that many of the services had been renovated following the State Division report and had no “points with rodents.”
Bankman-Fried will doubtless stay in custody within the Bahamas till February as extradition proceedings with the USA transfer ahead. The previous FTX CEO faces costs from the Justice Division, Commodity Futures Buying and selling Fee, and Securities and Trade Fee associated to defrauding buyers and lender.
Many within the crypto house had been calling for Bankman-Fried’s arrest following FTX’s liquidity disaster and subsequent chapter. The previous CEO went on an ‘apology tour’ on main media retailers virtually up-to-the-minute he was arrested by authorities, with many stating inconsistencies and falsehoods in his statements.
Completely baffling that SBF settled within the Bahamas and selected to remain even after the FTX collapse, presumably realizing the circumstances of the jail.
Clearly didn’t consider for one second he could be arrested.
He’s doubtless praying for extradition now. https://t.co/4QSg2isycf
— The Wolf Of All Streets (@scottmelker) December 14, 2022
Associated: Hours earlier than his arrest, SBF denied being a part of ‘Wirefraud’ chat group
Conspiracy theories had been abound on social media concerning SBF’s destiny within the Bahamas or upon his potential return to the USA, with some speculating he would try to bribe his means out of jail. If returned to the U.S. and located responsible of all costs, reviews steered he might face a 115-year sentence.
