According to reports, Sam Bankman Freed may be transferred against his will from a New York jail to a California jail.
The convicted crypto fraudster is appealing his 25-year prison sentence and is in the process of leaving the Brooklyn Federal Metropolitan Detention Center and reportedly headed to a prison in Mendota, California, sources said. Ta. told the Wall Street Journal.
Bankman Fried, 32, remains in the Big Apple to help prepare an appeal against his conviction after a jury found he stole $8 billion from customers of now-defunct cryptocurrency exchange FTX. I was thinking about it.
Sources told the outlet that the fallen tech mogul learned of his transfer a few days ago and was woken up early Wednesday morning to begin the transfer.
In April, Bankman-Fried’s lawyers requested that he be allowed to remain in New York while they fight to overturn his conviction and sentence. But the disgraced crypto tycoon ultimately wants to serve his sentence in California to be closer to his parents, who live near Stanford University.
Mendota, about two hours from where my parents live, is home to both a medium-security prison and a minimum-security satellite facility.
According to reports, Bankman Fried is likely to be detained in the former case due to the length of his sentence.
Late Wednesday, Manhattan Federal Judge Lewis Kaplan told the Federal Bureau of Prisons that Bankman Fried will remain at MDC “until the appeal is fully explained to facilitate access to appellate counsel.” He recommended that.
Bankman Fried was found guilty in November on seven counts of fraud and conspiracy and sentenced in March to a lengthy prison term, still more than a quarter of the 110 years he was executed. short.
Prosecutors had sought a 40- to 50-year sentence for former billionaire Bankman Freed, but he sought a more modest sentence of no more than five years and six months.
The BOP said it cannot confirm Bankman-Freed’s location until the relocation is complete.
Bankman Freed’s lawyers did not respond to requests for comment.
