The previous CEO of the failed crypto alternate FTX is on the transfer. Sam Bankman-Fried is now in a federal switch middle in Oklahoma Metropolis, in accordance with the Federal Bureau of Prisons. The ability is commonly used for inmates moved throughout the nation. The one-time crypto mogul has requested to be in a jail in California close to the place his mother and father, Joseph Bankman and Barbara Fried, stay.
A lawyer for Bankman-Fried didn’t instantly reply to a request for remark.
Bankman-Fried was beforehand on the fourth flooring of Brooklyn’s Metropolitan Detention Heart in a piece reserved for high-profile inmates like Sean “Diddy” Combs and Luigi Mangione. He had been within the facility since August 2023, when a decide revoked his bail after he allegedly tampered with a authorities witness. He was sentenced to 25 years in jail in March 2024 for defrauding FTX clients and buyers.
Bankman-Fried’s transfer throughout the nation follows a latest media blitz wherein he spoke with a reporter from the New York Solar, had somebody from his interior circle submit his musings from jail to his X account, and performed a interview with Tucker Carlson, the previous Fox Information host who now has his personal on-line present. None of those actions have been approved by jail officers and, within the case of the Carlson interview, he misused a Zoom platform arrange for inmates to talk to their legal professionals.
The latter stunt landed Bankman-Fried in the future in solitary confinement, however that’s doubtless solely the start of an investigation from the Bureau of Prisons, which might finally end in “sanctions,” or punishments, in accordance with three federal jail consultants who spoke with Fortune. These vary from the lack of cellphone privileges to extra extreme penalties like elevated time in jail.
Bankman-Fried’s media blitz comes as the previous FTX CEO is seemingly lobbying, with the assistance of his mother and father and buddies, for a pardon from President Donald Trump. The previous FTX CEO wouldn’t be the primary white-collar felony the White Home has let loose. Ross Ulbricht, the founding father of the darkish net market Silk Street, was granted a pardon in January. And, on Thursday, Trump pardoned Trevor Milton, the founding father of the bankrupt trucking startup Nikola, who was serving jail time for securities fraud.
This story was initially featured on Fortune.com