FTX Founder Sam Bankman-Fried is moving to new prison: WSJ report
Quick Take
- Sam Bankman-Fried is relocating to a new prison, The Wall Street Journal reported, citing a representative for the FTX founder.
- The move, which is already underway, is likely a transfer to a California-based facility, sources told the WSJ.
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 appeal.
As of this writing, it is unclear if Bankman-Fried has already left MDC Brooklyn or whether he has reached his new facility.
A representative for Bankman-Fried did not immediately respond to The Block’s request for comment.
Bankman-Fried first went to prison early last year when Judge Kaplan of the Southern District of New York revoked his bail for witness tampering. Bankman-Fried is serving a 25-year sentence, which Judge Kaplan handed down on March 28.
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