NASA, Dec 13, 2010 (Reuters) – Blocked roads, a bread court and multiple delays marked Sam Bankman-Fried’s first in-person visit since the collapse of his crypto company.
The six-hour court hearing in the Bahamas saw Banman-Fried dressed in clothes instead of his usual T-shirt as he sought bail to contest extradition to the United States. United States.
It was a dramatic fall from grace for the crypto mogul, once valued at $26.5 billion by Forbes.
“I’m not going to,” Bancomman-Fried said when asked if he wanted to waive his extradition rights.
It was an unusual comment he discussed with lawyers during the trial. In another comment, Banman-Fried described the night he was arrested as “terrifying.”
Bahnmann-Fried, who has given many media interviews since the company’s collapse, was highly anticipated before the show, but not widely seen in public.
The day began with Banman-Fried holding court away from the main entrance, where photographers and reporters crowded in to take shots.
Bahamas Chief Justice Joanne Ferguson-Pratt often left the courtroom laughing at defense counsel’s interpretation of the law, saying, “I wasn’t born yesterday.”
Ferguson-Pratt repeatedly forgot the defendant’s last name, leading to laughter.
“Samuel,” she said, “Bankman-Fried,” remembering the one-time billionaire crypto magnate’s name before she left.
People in the court were bracing themselves to cool off in the sweltering heat as the sun shone through the windows.
The hearing was adjourned twice, once for the court to deliberate on the power to grant bail and again in the afternoon.
It also includes an extensive discussion of the Bankman-Fried drug, which the attorney claims covers conditions including depression, insomnia, and attention deficit disorder.
Early in the process, Banman-Fried asked to change the MSM patch used to treat adult depression. He asked to leave the court room for a short time to take the medicine.
Bankman-Fried was not taking his medication at the time of his arrest, saying he had had a “heavy night”.
His parents, Joseph Bankman and Barbara Fried, at times seemed frustrated by prosecutors’ arguments that he was a flight risk.
Bankman-Fried’s defense counsel spent weeks in the Bahamas after the business collapsed without attempting to leave the country.
At the end of the hearing, he bowed his head and hugged his parents. A van was waiting outside the court to pick him up.
Reporting by Jared Higgs in Nassau and Brian Ellsworth in Miami; Editing by Megan Davis, Nolin Walder and Sam Holmes
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