- That is the second time SBF attorneys are submitting for bail after the primary software was denied.
- This time spherical SBF attorneys have gone to the best court docket within the Bahamas.
- Sam Bankman-Fried (SBF) was arrested on Monday and has since been remanded to jail awaiting an extradition listening to.
There are stories that Sam Bankman-Fried has lodged a brand new bid for bail within the Bahamas Supreme court docket. This comes simply two days after a choose denied a earlier bail software citing “flight threat.”
The brand new bail bid is anticipated to be heard on January 17 2023, which is only a month time from now.
Beforehand, SBF attorneys have been requesting that he be launched for a bail of $250,000 as a result of he has not been convicted earlier than. In addition they argued that Sam Bankman was affected by despair and insomnia which require him to be beneath fixed treatment. Nonetheless, the choose disallowed the applying calling SBF a flight threat.
Remanded at FOX Hill jail
For the time being Bankman-Fried is remanded on the FOX Hill Jail, which is the one jail within the Bahamas and a 2021 US State Division report described situations on the jail as harsh and overcrowded.
The Bahamian authorities has stated that it might rapidly course of any request to extradite SBF to the US the place he’s more likely to face an array of costs together with wire fraud, securities fraud, and cash laundering. Authorized consultants say that the slew of costs might land Financial institution-Fried a mixed jail time period of as much as 115 years.