Sam Bankman-Fried’s family pleads with prison to feed him vegan meals: Report

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Disgraced FTX founder Sam Bankman-Fried’s family asked officials at his overcrowded, rat-infested Bahamas prison if he could get vegan meals, according to a report.

His relatives made the call Tuesday to the Fox Hill jail, where he is holed up without visitors amid COVID-19 restrictions, sources told Bloomberg. Bankman-Fried was arrested Monday and was later hit with eight criminal charges mostly stemming from accusations of wire fraud following the implosion of FTX.

Bankman-Fried is reportedly being kept in his own room at a maximum security unit in Fox Hill ahead of his Feb. 8 extradition hearing. A judge denied bail for him Tuesday.

FTX FOUNDER SAM BANKMAN-FRIED DENIED BAIL IN BAHAMIAN COURT

Sam Bankman-Fried 120622
Sam Bankman-Fried, co-founder and chief executive officer of FTX.


Fox Hill has been dogged by poor sanitation standards, rats, maggots, and overcrowding, according to a U.S. State Department report. One warden said that conditions at Fox Hill were “not fit for humanity.” Prior to his arrest earlier in the week, Bankman-Fried had been at a luxurious penthouse.

If convicted, he could face up to 115 years in prison. His FTX positioned itself as a white knight in the crypto world over the summer when the industry took a hit and bailed out faltering firms. However, in early November, FTX began to unravel in the public eye and plunge into bankruptcy.

FTX is a cryptocurrency company that Bankman-Fried founded in 2019. After a deal with rival firm Binance collapsed, FTX was revealed to have allegedly diverted billions of dollars worth of customer money to fund risky investments by Bankman-Fried’s trading firm, Alameda Research, which also went bankrupt.

Bankman-Fried subsequently conceded he “made a lot of mistakes” but claimed he was oblivious to the movement of funds from FTX to Alameda, an assertion that has been met with skepticism from many experts.

After the dramatic collapse, revelations surfaced that FTX had been hit by a possible hack that affected millions in payments. Questions have begun to brew over where the FTX money went. The CEO hired to guide FTX through bankruptcy disclosed that the company leaned on QuickBooks and effectively had an “absence of record-keeping.”

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Bankman-Fried is facing an array of charges, including conspiracy to commit wire fraud on customers and lenders, conspiracy to commit money laundering, conspiracy to commit commodities and security fraud, a separate wire fraud on customers and lenders, violating campaign finance laws, and conspiracy to defraud the United States.

Those charges stem from the Southern District of New York’s Attorney’s Office and the Commodity Futures Trading Commission. He is also facing civil securities fraud charges from the Securities and Exchange Commission.

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