{"id":22413,"date":"2023-06-14T06:00:10","date_gmt":"2023-06-14T10:00:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/bahamas-supreme-court-allows-bankman-fried-to-challenge-extra-doj-charges\/"},"modified":"2023-06-14T06:00:10","modified_gmt":"2023-06-14T10:00:10","slug":"bahamas-supreme-court-allows-bankman-fried-to-challenge-extra-doj-charges","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=22413","title":{"rendered":"Bahamas Supreme Court Allows Bankman-Fried to Challenge Extra DOJ Charges"},"content":{"rendered":"
\n

The Supreme Court of the Bahamas has granted FTX founder Sam Bankman-Fried the ability to challenge new charges levied against him by US prosecutors.\u00a0<\/p>\n

The charges, which include bank fraud and bribery in addition to the original charges of wire fraud and money laundering, were added after Bankman-Fried’s crypto exchange FTX collapsed last year.\u00a0<\/p>\n

The reason given for why some charges could be dropped is that they could violate the terms of Bankman-Fried\u2019s extradition since they were not included in the original indictment that served as the legal basis for his extradition to the US.<\/p>\n

The former FTX boss was\u00a0arrested in the Bahamas\u00a0in December of 2022, and, shortly after,\u00a0extradited to the United States\u00a0under a special agreement between the two countries.<\/p>\n

According to the agreement, individuals who are extradited can only be tried and punished for crimes that the extraditing country \u2013 in this case, the Bahamas \u2013 has agreed to.<\/p>\n

\u201cLeave is granted to the claimant to commence proceedings for judicial review,\u201d Bahamas Supreme Court Judge Loren Klein\u00a0said in the ruling on Tuesday.\u00a0<\/p>\n

Klein added that the Bahamian government cannot add additional offenses until the legal process has concluded.<\/p>\n

The Bahamas government had previously argued the issue of consenting to the US request was a mere matter between sovereign states. Klein also added that the review should take place \u201cin an expedited manner,\u201d though said he didn\u2019t want to pre-empt its findings.<\/p>\n

In a separate filing, Bankman-Fried\u2019s lawyer,\u00a0Michael Cohen, said\u00a0he \u201cintends to file an application for judicial review as directed by the Supreme Court and to continue pursuing his legal rights in The Bahamas.\u201d\u00a0<\/p>\n

Last month, it was reported that the US Justice Department may\u00a0drop some of the charges\u00a0against the former FTX CEO if authorities in the Bahamas object to them.<\/p>\n

Bankman-Fried Seeks Dismissal of Criminal Charges<\/h2>\n

As reported, Bankman-Fried has asked a New York federal judge to\u00a0dismiss most of the criminal charges\u00a0brought against him by federal prosecutors.<\/p>\n

In a filing with the Southern District of New York federal court last month, lawyers of Bankman-Fried argued that several of the charges against him were \u201cdramatic\u201d and turned \u201ccivil and regulatory issues into federal crimes.\u201d<\/p>\n

In total, the defense team of the disgraced crypto boss asked for the dismissal of 10 of the 13 charges made against him.<\/p>\n

Before this, Bankman-Fried had\u00a0pleaded not guilty\u00a0to all charges.<\/p>\n

In contrast, three members of Bankman-Fried’s inner circle have already\u00a0pleaded guilty\u00a0and pledged to cooperate with officials.\u00a0<\/p>\n

These include Nishad Singh, the former director of engineering at FTX, former Alameda Research CEO Caroline Ellison, and Gary Wang, FTX\u2019s former chief technology officer.\u00a0<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Supreme Court of the Bahamas has granted FTX founder Sam Bankman-Fried the ability to challenge new charges levied against him by US prosecutors.\u00a0 The charges, which include bank fraud and bribery in addition to the original charges of wire fraud and money laundering, were added after Bankman-Fried’s crypto exchange FTX collapsed last year.\u00a0 The […]<\/p>\n","protected":false},"author":1,"featured_media":22414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-22413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nBahamas Supreme Court Allows Bankman-Fried to Challenge Extra DOJ Charges | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Supreme Court of the Bahamas has granted FTX founder Sam Bankman-Fried the ability to challenge new charges levied against 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