FTX Founder Sam Bankman-Fried is moving to new prison: WSJ report | Headlines | News | CoinMarketCap
05/23/2024 01:44
Sam Bankman-Fried is moving to a new prison facility, The Wall Street Journal reported Wednesday. Federal officials initiated the prison …
Sam Bankman-Fried is moving to a new prison facility, The Wall Street Journal reported Wednesday.
Federal officials initiated the prison transfer early Wednesday, a representative for Bankman-Fried told the WSJ. The spokesperson “couldn’t confirm” the FTX founder’s destination, but sources familiar with the matter believe the former executive is relocating to a prison in Mendota, California, the publication reported.
The move comes several weeks after federal prosecutors recommended that Bankman-Fried be moved to a low-security facility in California, close to his parents’ home in Palo Alto. In April, the FTX founder expressed a desire to stay at Brooklyn’s Metropolitan Detention Center, a mixed-security facility in New York, to remain close to the lawyers working on his …