After being denied bail in a Bahamian Magistrates Court, Sam Bankman-Fried The former FTX CEO could spend up to two months in the nation’s Fox Hill prison. It is a place where cases of abuse of prisoners have been reported and conditions are favorable.
Authorities in the Bahamas reportedly handed over Bankman-Fried to the medical department of Foxhill. After a Dec. 13 hearing in which an SBF adviser said he was required to take drugs prior to his Dec. 12 arrest, including Adderall and antidepressants. But it’s unclear if the ex-CEO will be at a correctional facility, medical facility or another facility.
According to the US State Department’s 2021 Human Rights Report, condition at foxhill that “Unfavorable” due to overcrowded conditions and the prisoners had poor nutrition. including inadequate hygiene and medical care. There have also been reports of physical abuse by correctional officers.
“The cells hold up to six people, with no mattresses or toilets,” the report said. The prisoners complained about the lack of beds and bedding. and caused some inmates to develop pressure sores from lying on the floor Hygiene is also a problem as the cells are full of rats, worms and insects.”
Fox Hill is the only prison in the Bahamas. The Carmichael Road Detention Center is intended for short-term detention. However, Bahamas Department of Corrections Commissioner Doan Cleare reportedly said most of the facilities had been renovated, according to the State Department, and there were no “ Rat problem.”
Bankman-Fried Likely to be detained in the Bahamas until February. Because extradition proceedings with the United States take time. The former CEO of FTX faces allegations from the Department of Justice, the CFTC and the U.S. Securities and Exchange Commission. involved in defrauding investors and lenders
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