Sam Bankman-Fried, the founding father of the FTX cryptocurrency trade who was convicted of fraud and conspiracy, was transferred out of a Brooklyn detention heart on Wednesday morning, his spokesman mentioned.
Mr. Bankman-Fried’s remaining vacation spot wasn’t clear, mentioned his spokesman, Mark Botnick. Earlier than the switch, Mr. Bankman-Fried, 32, advised individuals near him that he anticipated to be moved to a federal correctional facility in Mendota, Calif., an individual with data of the matter mentioned.
A consultant for the Bureau of Prisons declined to touch upon Mr. Bankman-Fried, citing “privateness, security and safety causes.” A spokesman for the prosecutors who oversaw Mr. Bankman-Fried’s case didn’t instantly reply to a request for remark.
Mr. Bankman-Fried’s switch was reported earlier by The Wall Road Journal.
In March, Mr. Bankman-Fried was sentenced to 25 years in jail, after he was convicted of defrauding FTX’s clients, traders and lenders. Prosecutors mentioned that he orchestrated a yearslong fraud, siphoning $8 billion from buyer accounts to finance enterprise capital investments, political contributions and actual property purchases.
When he was charged, Mr. Bankman-Fried was granted bail and confined to his dad and mom’ home in Northern California. The decide overseeing his case revoked his bail in August, saying that he had tried to intimidate a witness.
Since then, Mr. Bankman-Fried has been confined to the Metropolitan Detention Middle in Brooklyn. After he was sentenced in March, Mr. Bankman-Fried requested to stay within the detention heart whereas he works on an attraction difficult his conviction.
