Sam Bankman-Fried spends 3rd night in notorious New York prison
Former FTX CEO Sam Bankman-Fried is going into his 3rd night with over 1,500 other prisoners in among New Yorks a lot of well-known jails– a far cry from his parents multi-million dollar five-bedroom home in Stanford.The FTX co-founder had his bail revoked by Judge Lewis Kaplan in an Aug. 11 hearing, where he described the Brooklyn Metropolitan Detention Center (MDC) as being a jail “not on anybodys list of first-class centers.” Duuude they put SBF in MDC?Thatll break him. Going to get a guilty plea within days … https://t.co/WrUf8rzKUO— Adam Cochran (adamscochran.eth) (@adamscochran) August 14, 2023
Bankman-Fried is anticipated to invest at least the next two months at the center as he awaits his criminal trial, though his attorneys have already filed an appeal to have his bail revocation revised.Not precisely Club MeUnfortunately for Bankman-Fried, the jail has actually long been embroiled in scandals involving prisoner mistreatment and corruption.Ex-warden Cameron Lindsay stated in 2019 that the MDC was “one of the most distressed, if not the most troubled facility in the Bureau of Prisons. Source: Jim Henderson, Wikimedia CommonsIn April district attorneys charged a guard with taking bribes in exchange for smuggling in contraband such as phones, cigarettes, and drugs.In winter season 2019 the facility suffered a week-long power interruption leaving inmates with no heating.The Intercept reported inmates were banging on cell windows to outdoors onlookers and those non-violently opposing the conditions were pepper sprayed, tossed in singular confinement or had their toilets shuttered.MDCs star-studded previous inmatesMany prominent figures have actually previously been remanded in the Brooklyn huge home consisting of artists 6ix9ine, R. Kelly and Fetty Wap.Martin Shkreli, much better understood as “pharma bro,” likewise had a stint at the MDC along with Jeffery Epsteins sex trafficking accomplice Ghislaine Maxwell.Up up until recently, Bankman-Fried was on bail confined to his moms and dads $4 million Palo Alto home that boasts five bedrooms and a pool.Aerial view of the Bankman-Fried house in Palo Alo, California. Source: Google MapsThe cancellation of Bankman-Frieds bail came after a leak of a diary belonging to former Alameda Research CEO Caroline Ellison to The New York Times which explained her feelings towards Bankman-Fried and her role at the company.Related: FTXs former law firm struck with suit declaring it set up shadowy entitiesProsecutors declared Bankman-Fried leaked the diary in an effort to challenge Ellison– a witness in his criminal trial– and frighten her.His lawyers denied the claims, calling Bankman-Frieds contact with press reporters a “appropriate exercise of his rights to make fair comment on an article already in progress” and appealed the judges decision to revoke his bail.Deposit danger: What do crypto exchanges really do with your cash?