In this news:
Disgraced FTX founder Sam Bankman-Fried was moved from the Metropolitan Detention Center in New York City and is being held in a federal transfer center, according to federal prison information.
FTX founder Sam Bankman-Fried (C) departs Manhattan Federal Court after an arraignment hearing on ... More March 30, 2023 in New York City.
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Bankman-Fried had been held at the notorious Brooklyn prison—which has also housed other famous inmates including Sean “Diddy” Combs, R. Kelly and Ghislaine Maxwell—since August 2023.
Thursday morning, though, the Federal Bureau of Prisons website showed he was located at FTC Oklahoma City, an administrative security federal transfer center.
Last May there were reports prison officials had begun moving Bankman-Fried out of the Brooklyn facility and his representatives said they believed he was going to Mendota, California, which would be near his hometown of Stanford, California.
But Bankman-Fried was in the Metropolitan Detention Center recently: In early March, conservative personality Tucker Carlson released a lengthy video interview with SBF that reportedly got him moved to solitary confinement.
Forbes is reaching out to Bankman-Fried’s team for comment.
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Did Bankman-Fried Hang Out With Diddy In Prison?
Yes. In the interview he did with Tucker Carlson that aired March 6, Bankman-Fried said he hung out daily with the music mogul—who is facing federal sex trafficking charges. SBF said Diddy has “been kind to me,” and added: “If someone told me three years ago that, ‘Oh, you’d be hanging out with Diddy every day,’ I’d be like, ‘That’s interesting; I wonder how that’s going to happen,’” New York Magazine reported.
Key Background
SBF is serving a 25-year sentence after being convicted in late 2023 for seven counts of conspiracy, wire fraud, securities fraud and money laundering related to his cryptocurrency currency, FTX. He was also ordered to pay $11 billion in forfeiture and will have three years of supervised release, according to the Department of Justice. Bankman-Fried founded FTX in 2019 and served as its CEO, but his empire fell apart in 2022 after a crypto rival backed out of a deal to buy the exchange and investors became suspicious. A report from CoinDesk found that Alameda, FXS’s sister trading firm, relied on funds from the crypto firm to cover its expenses, and Forbes reported Alameda had been losing billions of dollars for two years. FTX filed for bankruptcy, and Bankman-Fried was hit with eight criminal charges.
Further Reading
Sam Bankman-Fried Charged With Eight Criminal Counts—Including Wire Fraud And Campaign Finance Violations (Forbes)
Sam Bankman-Fried Moved to Oklahoma Prison Transit Facility (Wall Street Journal)
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