After being denied bail in a Bahamas Justice of the Peace Court docket, 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 in opposition to prisoners and “harsh” situations.
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 medicine previous to his arrest on Dec. 12, together with Adderall and anti-depressants, nevertheless it’s unclear if the previous CEO will serve his time on the correctional facility, its medical unit, or an alternate location.
In accordance with a 2021 human rights report from the U.S. State Division, situations at Fox Hill were “harsh.” Investigations decided that the ability was overcrowded, prisoners had poor diet, and there was insufficient sanitation and medical care. The report additionally alleged 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 bathroom services,” the report stated. “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 basic drawback, and cells had been infested with rats, maggots, and bugs.”
Fox Hill is the Bahamas’ solely jail, and the Carmichael Street Detention Heart was supposed for short-term stays. Nonetheless, Bahamian Commissioner of Correctional Companies Doan Cleare reportedly stated that a lot 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 america transfer ahead. The previous FTX CEO faces costs from the Justice Division, Commodity Futures Buying and selling Fee, and Securities and Change Fee associated to defrauding buyers and lenders.
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 shops virtually up-to-the-minute he was arrested by authorities, though many identified what they deemed inconsistencies and falsehoods in his statements.
Completely baffling that SBF settled within the Bahamas and selected to remain even after the FTX collapse, presumably understanding the situations 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 abound on social media concerning SBF’s destiny within the Bahamas or upon his potential return to america, with some speculating he would try to bribe his method out of jail. If returned to the U.S. and located responsible of all costs, experiences indicate he might face a 115-year sentence.