Bahamas Court Favors SBF’s Bid to Contest Post-Extradition Charges

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In a brief respite for Sam Bankman-Fried, the disgraced founding father of now-bankrupt cryptocurrency alternate FTX was capable of block the addition of recent prices in his United States indictment. The ruling comes as the previous exec sought a possibility to make arguments within the nation to drop a number of present prices in opposition to him.

The court docket order is predicted to delay the case within the US.

In response to a filing this week, the Bahamas Supreme Court docket Choose Loren Klein granted depart to Bankman-Fried to begin proceedings for judicial evaluation.
Klein asserted that the federal government of the Caribbean nation can’t file extra prices till the authorized course of has completed whereas including that points raised by Bankman-Fried had “an inexpensive prospect of success.”
The ruling is in response to the Bahamas authorities’s transfer to proceed with new prices. Nevertheless, the previous FTX CEO managed to steer the court docket to briefly block the island nation’s lawyer common from deciding on that consent for now.
The choose additionally directed all of the events concerned to conduct the evaluation “in an expedited method.”
Subsequently, Bankman-Fried’s lawyer, Mark Cohen, said in a brand new submitting that the exec intends to file an software for judicial evaluation as directed by the Bahamas Supreme Court docket and to proceed pursuing his authorized rights within the nation.
The federal prosecutors in Manhattan earlier acknowledged that they’d dismiss 5 prices in opposition to Bankman-Fried if the Bahamas didn’t agree with them. This included – international bribery, financial institution fraud, and conspiracy.
These prices have been along with the exec’s preliminary eight-count indictment final December and have been added after his extradition.

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