Sam Bankman-Fried’s Path to Jail Took Just Weeks in Speedy US Probe
- Prosecutor Damian Williams moved swiftly in splashy case
- Bahamian judge denies bail, finding FTX founder may flee
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US prosecutors usually grind away in obscurity for months or years before unveiling a criminal indictment. Their case against FTX founder Sam Bankman-Fried came together in a matter of weeks.
Speed was of the essence for Manhattan US Attorney Damian Williams, who unveiled criminal charges against the disgraced entrepreneur just over a month after FTX filed for bankruptcy. Bankman-Fried is now in jail in the Bahamas, where a judge denied him bail because of concerns that he is a flight risk.