U.S. Law Enforcement Takes Sam Bankman-Fried Into Custody: Report

  • The disgraced entrepreneur was arrested this week by authorities in the island nation, where his companies were headquartered, as U.S. securities regulators and federal law enforcement officials accused him of fraud.
  • Bankman-Fried’s attorneys have since tried to negotiate a bail agreement that would allow the 30-year-old to be released pending trial.
  • The attorneys were unsuccessful trying to get him bail while he was kept in custody in a jail in the Bahamas.
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