Anti-Financial Crime & Financial Crime Compliance
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Bahamas court boosts Bankman-Fried’s challenge to post-extradition charges

BANKMAN-FRIED CONVICTED: "The crypto industry might be new, the players like Sam Bankman-Fried may be new, but this kind of fraud is as old as time and we have no patience for it," prosecutor Jonathan Williams said after the verdict. Our photo shows Bankman-Fried at an earlier hearing.

By Luc Cohen

A Bahamas court on Tuesday temporarily barred the country’s government from agreeing to let U.S. prosecutors pursue part of their criminal case against Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX.

Last month, U.S. federal prosecutors in Manhattan said they would drop five charges of foreign bribery, bank fraud and conspiracy against the one-time billionaire if the Caribbean nation did not agree to them.

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