The court on the Bahamas supports SBF's offer to contest the indictment for delivery
The court on the Bahamas supports SBF's offer to contest the indictment for delivery
In a temporary breathing space for Sam Bankman-Fried, the founder of the now fell-loved founder of the now bankrupt cryptocurrency exchange FTX was able to block the inclusion of new charges in his US IC. The verdict was made when the former managing director was looking for an opportunity to put arguments in the country to drop some existing charges against him.
The court order should delay the case in the USA.
- According to a file submitted this week, the judge of the Bahamas Supreme Court, Loren Klein, Bankman-Fried, granted permission to initiate a legal review procedure.
- Klein claimed that the government of the Caribbean state could not file any further charges until the court proceedings were concluded, and added that the questions asked by Bankman-Fried had "a reasonable prospect of success".
- The judgment is a reaction to the step of the Bahamas government to file new charges. However, the former FTX CEO managed to convince the court to temporarily prevent the lawyer of General of the island state from making this consent.
- The judge also instructed everyone involved to carry out the review "accelerated".
- Subsequently, the lawyer of Banksman-Fried, Mark Cohen, said in a new file that the managing director intended to submit an application for judicial review in accordance with the instructions of the Bahamas Supreme Court and to continue to enforce his legal rights in the country.
- The Federal Prosecutor's Office in Manhattan had previously stated that she would reject five charges against Bankman-Fried if the Bahamas did not agree. This included briefing abroad, bank fraud and conspiracy.
- These charges were added to the first indictment against the executive officer with eight charges last December and were added after its delivery.
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