Who couldn’t see this coming? The scumbag FTX founder and Bernie Madoff of 2022, Sam Bankman-Fried is getting out of jail after being transferred from the Bahamas to the US. He will be under “house arrest”. He cheated so many people out of their life savings and gets house arrest. I guess it pays to be a crook like Bankman-Fried. I guess he can have all the vegan meals he wants at home now.
FTX founder Sam Bankman-Fried is set to be released on $250 million bond and placed under house arrest at his parents’ Palo Alto home following his first court appearance in Manhattan federal court Thursday.
US District Court Judge Gabriel Gorenstein signed off on the deal that saw the accused fraudster voluntarily leave the Bahamas to face a slew of charges, including wire fraud, securities fraud, conspiracy, money laundering and campaign finance violations. The charges carry a sentence of 115 years behind bars.
He appeared in court wearing a dark grey suit and sporting a five o’clock shadow and huddled with his lawyers Christian Everdell and Mark Cohen — who represented high profile sex offender Ghislaine Maxwell earlier this year — before the proceedings got underway.
Federal prosecutors had a “location monitoring specialist” at their table, and agreed to release Bankman-Fried into the custody of his parents, Stanford University law professors Joseph Bankman and Barbara Fried.