Rep. Lance Gooden, R-Texas, said it “seems logical” that disgraced FTX founder Sam Bankman-Fried embezzled the money.
The prison in the Bahamas, where FTX founder Sam Bankman-Fried was reportedly held after his arrest, was declared by the US State Department last year to have ‘severe’ conditions due to ‘overcrowding, poor nutrition’ . [and] inadequate sanitation along with cells “infested with rats, worms and insects”.
Bankman-Fried, who was not released on bail Tuesday after his arrest a day earlier, is being taken to Fox Hill Prison on New Providence Island, the only government detention facility in the Bahamas, Reuters reported.
“He’ll be at the hospital for guidance, and then we’ll figure out where best to put him,” Bahamas Correctional Services Commissioner Doane Cleare told Reuters in an interview, adding that the medical unit area can hold about five people. can say
A 2021 US State Department report said inmates at Fox Hill described “rare access to nutritious meals and long delays between daily meals.”
DEMOCRATS FAIL TO RETURN MILLIONS FROM SAM BANKMAN-FRIED: Report
Samuel Bankman-Fried leaves Nassau Bahamas Magistrate Court on Tuesday. The FTX founder is charged with eight counts of conspiracy and wire fraud, according to Tuesday’s indictment. (/ for mega)
“Maximum security cells for men measured approximately 6 feet by 10 feet and held up to six people without cots or toilet facilities. Inmates scooped up human waste in buckets. Inmates were provided with bedding and blankets. “complained about the lack of forms,” the report said. “Some prisoners developed bed sores from sleeping on the bare floor. Sanitation was a common problem, and the cells were infested with rats, maggots and insects.”
SAM BANKMAN-FRIED WAS NOT RELEASED IN THE EVENTS AND WAS ABORTED IN FEBRUARY. 8 in an alleged FTX cryptographic fraud scheme
“Overcrowding, poor sanitation and inadequate access to medical care have been problems at the Bahamas Department of Correctional Services’ maximum security unit for men,” the report added. “The facility was designed to house 1,000 inmates but was consistently overcrowded.”
Sam Bankman-Fried, Founder and CEO, FTX, Hong Kong, China. A judge in the Bahamas ordered Bankman-Fried to be held until February 8, despite pending federal charges in the US. (Photo by Lam Yik/Bloomberg via Getty Images/Getty Images)
Clear told Reuters that despite the State Department report, conditions at Fox Hill had improved.
“The facilities, most of them have been renovated,” Clear said. “We have one more and we don’t have any problems with rodents.”
FOX Business has reached out to the Bahamas government for further comment.
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Samuel Bankman-Fried will leave the Nassau Magistrate’s Court in the Bahamas on December 13, 2022. (/ for mega)
A judge ordered Bankman-Fried held in the Bahamas until Feb. 8.
Federal prosecutors in the Southern District of New York charged Bankman-Fried with eight counts of conspiracy and wire fraud in an indictment unsealed Tuesday morning.
Ronn Blitzer contributed to this report.