Disgraced FTX co-founder Sam Bankman-Fried was on a plane from the Bahamas on Wednesday night to face criminal charges in the US.
Mr Bankman-Fried, 30, was in the custody of US agents when he boarded a small plane at a private airport in Nassau. His flight left a little before 7.45pm local time, Bloomberg reported.
Bahamas Attorney General Ryan Pinder said Mr Bankman-Fried had waived his right to challenge the extradition.
Mr Bankman-Fried was expected to land near New York City, where he faces charges for defrauding FTX customers of billions of dollars.
A New York prosecutor been charged him with eight counts of financial crimes, including wire fraud, money laundering and conspiracy to avoid campaign finance regulations.
Mr Bankman-Fried was arrested in the Bahamas on December 12 and is accused by a US prosecutor of “one of the biggest financial frauds in American history”.
He rode a cryptocurrency wave to become a billionaire several times over and an influential political donor.
US regulators accuse him of carrying out a multiyear scheme to defraud investors.
Mr Bankman-Fried's cryptocurrency exchange crashed after customers became concerned he was commingling funds with his company Alameda Research.
The $32 billion exchange declared bankruptcy on November 11, when he also resigned as chief executive.
Mr Bankman-Fried initially resisted extradition.
He stayed in custody before his trip to the US and was denied bail last week as a judge considered the flight risk to be too great.
The five pillars of Islam
Mohammed bin Zayed Majlis
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
The years Ramadan fell in May
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
A German university was a good fit for the family budget
Annual fees for the Technical University of Munich - £600
Shared rental accommodation per month depending on the location ranges between £200-600
The family had budgeted for food, books, travel, living expenses - £20,000 annually
Overall costs in Germany are lower than the family estimated
As proof that the student has the ability to take care of expenses, international students must open a blocked account with about £8,640
Students are permitted to withdraw £720 per month
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
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The biog
Hometown: Cairo
Age: 37
Favourite TV series: The Handmaid’s Tale, Black Mirror
Favourite anime series: Death Note, One Piece and Hellsing
Favourite book: Designing Brand Identity, Fifth Edition
Mohammed bin Zayed Majlis
