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Disgraced FTX founder Sam Bankman-Fried completed his extradition paperwork Wednesday and is set to be transported from the Bahamas to the US, where he will face a slew of criminal charges over allegations he defrauded $1.8 billion from investors.

The fallen crypto king and former CEO said he consented to extradition because he wants “to make the relevant customers whole,” according to court papers — a turnaround after he had initially said he would fight the process.

He arrived in the Magistrate Court building in Nassau, Bahamas, around 11 a.m. Wednesday in a suit and told the judge he is waiving his right to a lengthy extradition hearing.

“Yes, I do wish to waive my right to such formal extradition proceedings,” he said to Judge Shaka Serville in court. He also said he was in good health.

His lawyer said the alleged conman was “anxious to leave” the Bahamas — where he had been living when slapped with the charges. 

He left the courthouse carrying a trash bag holding his personal belongings, surrounded by guards with assault weapons, and entered a vehicle, according to Reuters Video. A police convoy delivered the California native to Odyssey Airport shortly before 7 pm, according to a local news outlet.

Bankman-Fried, 30, will be remanded into US custody once he arrives in the States.
His US-based defense lawyer, Mark Cohen, did not immediately respond to a request for comment.


  Sam Bankman-Fried carries his belongings as he leaves court. REUTERS Sam Bankman-Fried carries his belongings as he leaves court. REUTERS

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His lawyer said the alleged conman was “anxious to leave” the Bahamas — where he had been living when slapped with the charges.
Bankman-Fried leaves court in Nassau, Bahamas, Wednesday. REUTERS
Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas December 21, 2022. REUTERS/Marco Bello
Bankman-Fried will be remanded into US custody once he arrives in the States.REUTERS
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The accused grifter played a key role in the quick collapse of crypto currency exchange FTX, and allegedly used investors’ money to fund his Alameda Research hedge fund as well as buy real estate on behalf of himself and his family.
The accused grifter played a key role in the quick collapse of crypto currency exchange FTX.Getty Images
Bankman-Fried leaves nassau court
Bankman-Fried carries his belongings as he leaves court Wednesday. Getty Images
Bankman-Fried.
Police prepare to transport SBF, after he was placed in the SUV on the left. Getty Images
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The accused grifter played a key role in the quick collapse of crypto currency exchange FTX, and allegedly used investors’ money to fund his Alameda Research hedge fund as well as buy real estate on behalf of himself and his family. 

Federal prosecutions charged him with stealing billions in customer money as Alameda Research was sustaining significant loses. On Nov. 11, Bankman-Fried stepped down as CEO of FTX and the firm worth $32 billion said it was bankrupt.


  Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted into the Magistrate Court building in Nassau, Bahamas, December 21, 2022. REUTERS Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted into the Magistrate Court building in Nassau, Bahamas, December 21, 2022. REUTERS

  Sam Bankman-Fried is expected to be flown to the US from the Bahamas sometime Wednesday. Getty Images Sam Bankman-Fried is expected to be flown to the US from the Bahamas sometime Wednesday. Getty Images

Bankman-Fried is being prosecuted by the Southern District of New York and faces a maximum of 115 years in prison if convicted.

US Attorney Damian Williams said Bankman-Fried’s alleged crimes are among “the biggest financial frauds in American history.” Williams is expected to hold a press conference on the extradition sometime Wednesday.

The ex-CEO has admitted to multiple missteps, but insisted he did not commit any crimes. 

Since his Dec. 12 arrest, Bankman-Fried has languished in Fox Hill Prison in the Bahamas, which was chastised by the US State Department last year for being overrun with rodents, overcrowded and lacking plumbing. 

If he doesn’t get bail in New York, he is likely to be locked up in Brooklyn’s notorious Metropolitan Detention Center as he awaits trial.

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