Crypto Madoff SBF Extradited To U.S., Could Be Moved To The Same Jail System As Jeffrey Epstein
Sam Bankman-Fried was extradited to the U.S. Wednesday, and unless his lawyers negotiate bail, he could be sent to the same jail system where the disgraced financier Jeffrey Epstein died while awaiting trial on sex trafficking charges. Bankman-Fried has been charged in the U.S. with defrauding customers and investors of his Bahamas-based FTX crypto exchange to the tune of $1.8 billion. He is facing an eight-count federal indictment and could be sentenced to up to 115 years in prison if he gets the maximum sentence. However, many white-collar defendants get lesser sentences than guidelines dictate, according to trial lawyers and former prosecutors. Even in large fraud cases, life sentences can be drastically reduced, CNBC reported. Since his Dec. 12 arrest in the Bahamas, Bankman-Fried has been held in the notorious Bahamas Fox Hill prison, described by U.S. officials as overcrowded, dirty and lacking medical care. Its cells often lack mattresses and are “in...