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Truong My Lan, a Vietnamese real estate tycoon, was sentenced to death on Thursday for her role in a financial fraud case, in a major display of the ruling Communist Party’s resolve to crack down on corruption. The trial for Ms. Lan, who was the chairwoman of the real estate developer Van Thinh Phat Group, was part of the government’s campaign against corruption. The leader of Vietnam’s Communist Party, Nguyen Phu Trong, has sought for years to stamp out corruption as the nation emerges as a major manufacturing hub and as one of Asia’s fastest-growing economies. Mr. Trong launched the anti-corruption drive in 2016, saying that graft could threaten the survival of the Communist Party, which has governed the country for nearly half a century. The campaign has led to the downfall of many business leaders and top officials, including former President Vo Van Tong, who resigned in March amid corruption allegations.

Persons: Truong, Lan, Van Thinh, Nguyen Phu Trong, Trong, Vo Van Tong Organizations: Vietnam’s Communist Party, Communist Party Locations: Vietnamese, Ho Chi Minh City

☆ Hannah Waddingham's 'intense' first meeting with Tom Cruise involved being stuck on a fighter carrier for 5 days sitting inches away from his face — and it was "lovely"
▼ + stars: | 2024-03-18 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +3 min

Hannah Waddingham had an intense but lovely first meeting with Tom Cruise on "Mission: Impossible 8." Waddingham was also stuck in a confined space with Ryan Gosling and Aaron Taylor-Johnson filming "The Fall Guy." AdvertisementHannah Waddingham got up close and personal with Tom Cruise when they first met — literally. On top of making her debut in the long-running franchise, she's also in "The Fall Guy." "The Fall Guy" hits theaters on May 3.

Persons: Hannah Waddingham, Tom Cruise, Waddingham, Ryan Gosling, Aaron Taylor, Johnson, Guy, —, Cruise, George H, I've, Ted Lasso, Christopher McQuarrie, she's, David Leitch, Colt Seavers, who's, Coke, Gail Meyer, Tom Ryder, Jody's, Emily Blunt, costars Gosling, Taylor, Ryan, Aaron Organizations: Service, SXSW, TV, Bush, Cruise Locations: Bakery, California, Instagram

☆ This is what it's like for US Army paratroopers jumping out of giant C-17s for freezing Arctic airborne assaults
▼ + stars: | 2024-03-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +10 min

US Army paratroopers jumped into Arctic terrain at an exercise in Alaska last month. AdvertisementIn the skies above Alaska, US Army paratroopers, loaded with heavy gear, take the plunge out of a perfectly fine airplane into freezing air temperatures and whipping Arctic winds. The experience is quite intense, troops told Business Insider, an adrenaline rush only heightened by doing it in the Arctic environment. Abreanna GoodrichLast month, US Army Pacific hosted a Joint Pacific Multinational Rotation Center training event near Fairbanks, Alaska. Paratroopers with 2nd Infantry Brigade Combat Team (Airborne), 11th Airborne Division, stage onboard a Boeing C-17 Globemaster III prior to conducting an airborne operation in Donnelly Training Area, Delta Junction, AK, Feb. 8, 2024.

Persons: —, Abreanna Goodrich, USARPAC, Molly Treece, Charles A, Flynn, Derek Dion, you've, Donte Smith, Natalie Doan Smith, Spc.Wyatt Moore, Smith, Natalie Doan, David Hanson, it's Organizations: Army, Service, US Army, Business, U.S . Army, 3rd Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, 11th Airborne Division, Pacific Multinational Readiness, Donnelly Training, U.S, Spc, US Army Pacific, Multinational Rotation Center, Boeing, Delta Junction, U.S . Air Force, 36th Airlift Squadron, Yokota Air Base, Joint Base Elmendorf, . Air Force, Public Affairs, Paratroopers, U.S . Army 2nd Infantry Brigade Combat Team, Public, Public Affairs Detachment Paratroopers, 11th Airborne Locations: Alaska, Fairbanks , Alaska, Hawaii, Delta, AK, China, Russia, North Korea, Wainwright, U.S, Japan, Richardson , Alaska

☆ US Army attack helicopters are making 150-mile deep strike runs in the Arctic, where pilots grapple with frozen equipment and whiteout landings
▼ + stars: | 2024-03-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Helicopter pilots also have to be able to land in confined spaces, such as a small openings located in dense forests. AH-64D Apache Longbow attack helicopters fly over a mountain range near Fort Wainwright, Alaska, on June 3, 2019. Army via APTowards the end of the recent JPMRC rotation in Alaska, Eifler told reporters about a 150-mile deep strike conducted with attack helicopters. The opportunities, particularly for helicopter pilots, are limitless, Burke told BI. As soldiers told Business Insider during the training in Alaska, if you can master warfighting in the Arctic, you can wage war anywhere.

Persons: —, Thomas E, Burke, Charles Flynn, Brian S, Eifler, Alejandro Peña, Natalie Doan, Cameron Roxberry Organizations: Service, Army, 11th Airborne Division, Business, Pacific Multinational Readiness, Airborne, Readiness, Alaska Army National Guard UH, 1st Battalion, 207th Aviation Regiment, Base Elmendorf, . Air Force, Blackhawks, Aircraft, Paratroopers, U.S . Army 2nd Infantry Brigade Combat Team, 36th Airlift Squadron, Yokota Air Base, Helicopter, U.S . Army, AP, Apache Locations: Alaska, Brig, Gen, Wainwright , Alaska, China, Russia, North Korea, Richardson , Alaska, Wainwright, Japan, Fort Wainwright , Alaska

☆ Confiscated Motorbikes Pile Up as Vietnam Goes After Drunken Driving
▼ + stars: | 2024-02-14 | by ( Mike Ives | Chau Doan | ) www.nytimes.com time to read: 1 min

Motorbikes — the preferred mode of transport in Vietnam — are piling up in impound lots in Ho Chi Minh City as it becomes more cost effective for some owners to abandon them than to pay the fines to get them back. The city, Vietnam’s financial center, has gotten more aggressive in targeting drunken driving in recent years by raising fines and confiscating vehicles. Those fines are now often higher than the value of the vehicles, which many drivers are not reclaiming, officials say. Now the police are wondering what to do with them.

Locations: Vietnam, Chi Minh

☆ Kissinger’s Legacy Still Ripples Through Vietnam and Cambodia
▼ + stars: | 2023-11-30 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +6 min

Mr. Kissinger, who died on Wednesday, shared the 1973 Nobel Peace Prize for negotiating the peace accords that ended American involvement in the Vietnam War. The fighting between North Vietnam and U.S.-backed South Vietnam did not end until the North’s victory in 1975. Mr. Kissinger defended his wartime decisions for years afterward. Within Vietnam, Mr. Kissinger’s role in the war was contentious well before the fighting ended. When President Barack Obama visited in Hanoi in 2016, he said the United States would rescind a decades-old ban on sales of lethal military equipment to Vietnam.

Persons: Henry A, Kissinger, Mr, Lyndon, Richard M, Le Duc Tho, Duong Quoc, Hun Sen, ”, “, Pen, Sok, Hun Sen’s, Barack Obama, Biden’s, Chau Doan, Sun Narin, Lee Wee Organizations: Communist, Johnson Library, Museum, Thunderbird School of Global Management, Arizona State University, Vietnamese Foreign Ministry, U.S, Cambodian People’s Party, Vietnam’s Communist Party Locations: Cambodia, Vietnam, U.S, China, Southeast Asia, North Vietnam, Saigon, United States, America, Austin , Texas, Vietnamese, Hanoi, “, Khmer, Khmer Rouge, ” Vietnam, Washington, United, Russia

☆ Goals flow as Asia's top nations make winning start to World Cup qualifying
▼ + stars: | 2023-11-16 | by ( Michael Church | ) www.reuters.com time to read: +2 min

Doan scored the fifth four minutes from time with a cool finish as the Japanese made light work of their visitors. Australia were also untroubled as they completed a 7-0 demolition of Bangladesh in Group I with Jamie Maclaren stepping off the bench to score a second half hat-trick. Maclaren did all the damage in the second half, scoring from a Jordan Bos cross shortly after the restart before pouncing again in the 70th when a Massimo Luongo shot pinged off goalkeeper Mitul Marma. The South Koreans, meanwhile, scored four times in the second half to hand Singapore a 5-0 defeat at Seoul World Cup Stadium, with captain Son Heung-min among the scorers. Cho Gue-sung put Juergen Klinsmann's team in front a minute before the halftime break and Hwang Hee-chan added the second four minutes into the second half.

Persons: Japan's Ayase Ueda, Hajime Moriyasu, Ueda, Takumi Minamino's lofted, Daichi Kamada, dink, Doan, Jamie Maclaren, Mitchell Duke, Harry Souttar, Brandon Borrello, Duke, Maclaren, Jordan Bos, pouncing, Massimo Luongo, pinged, Mitul Marma, Lewis Miller, Son Heung, Cho Gue, Juergen, Hwang Hee, Hwang Ui, Lee Kang, Michael Church, Ian Ransom, Ken Ferris Organizations: Myanmar, Suita, 183rd, Melbourne, South, Seoul, Thomson Locations: OSAKA, Japan, South Korea, Australia, Syria, Jeddah, Osaka, Myanmar, Bangladesh, Singapore, Korea

☆ Vietnam rare earths arrests include key figure in bid to build industry
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] Luu Anh Tuan, Chairman of mining company VTRE in his Hanoi office with samples of rare earth oxides in Hanoi, Vietnam September 7, 2023. REUTERS/Francesco Guarascio/File Photo Acquire Licensing RightsHANOI, Oct 20 (Reuters) - Police in Vietnam have arrested six people accused of violating mining regulations, including the chairman of a company at the heart of efforts to develop Vietnam's rare earth industry, seizing 13,715 tons of rare earths ores. VTRE has partnered with Australian mining companies Australian Strategic Materials (ASM) (ASM.AX) and Blackstone Minerals LTD (BSX.AX), which were not involved in the investigation. ASM signed a binding agreement in April with VTRE for the purchase of 100 tons of processed rare earths this year, and committed to negotiating a longer-term supply deal. Vietnam is planning to organise auctions for concessions at its largely unexploited rare earths mines, which are considered to contain the world's second biggest deposits of the critical minerals used in electric cars and wind turbines.

Persons: Anh Tuan, Francesco Guarascio, Yen Bai, VTRE, Blackstone, Dong Pao, Tuan, Doan Van Huan, Khanh Vu, Edmund Klamann, Martin Petty Organizations: REUTERS, Rights, Police, Earth JSC, Duong Group, Ministry of Public Security, Strategic Materials, Blackstone Minerals LTD, Blackstone, ASM, Australian, Thai Duong Group, Thomson Locations: Hanoi, Vietnam, Rights HANOI, Vietnamese, Yen, Lai Chau, Yen Bai

A fire broke out at a nine-story apartment tower in Hanoi, Vietnam, on Tuesday night, resulting in more than 50 casualties, the country’s state-run news media said. The Hanoi police announced the figure, which includes dead and injured, hours after the blaze in the capital’s Thanh Xuan district, the Dan Tri newspaper reported on Wednesday morning. The exact death toll was not immediately clear, but Dan Tri reported that many of the 54 people who had been hospitalized after the fire had died. Officials said the cause of the blaze was under investigation. The building has 45 households, and many residents were there when the fire started around 11:30 p.m., the official Vietnam News Agency reported.

Persons: Dan, Dan Tri Organizations: Hanoi police, Dan Tri, Vietnam News Agency Locations: Hanoi, Vietnam, Thanh Xuan

☆ Florida's political climate is driving away thousands of visitors and millions of dollars
▼ + stars: | 2023-08-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +17 min

Nobody knows.”Construction of an 801-room Omni hotel alongside the Broward County Convention Center in Fort Lauderdale, Florida, on March 22, 2022. Broward County, which invested $1.5 billion in the expansion and renovation of its convention center, has not seen the future bookings it anticipated. In Tampa, the city’s largest convention center hasn’t seen any events cut bait. National Society of Black Engineers members attend the first day of the organization's 49th Annual Convention, which took place from March 22-26 in Kansas City, Missouri. The NSBE recently announced plans to move its 50th annual convention from Orlando, citing the political climate, travel advisories and recently passed laws.

Persons: Ron DeSantis, DeSantis, ”, Stacy Ritter, “, Ritter, Rebecca Blackwell, Grace Hopper, AERA, Tony Pals, Phelan M, Mark Tester, ” Juan Lopez, Jeremy Redfern, ” Redfern, Janeen Uzzell, Bill, Laxmi Ramasubramanian, Petra Doan, Doan, ” Doan, Jack Johnson, Martin Luther King Jr, Bill ”, we’ve, ” Johnson, Glenn Ross, Johnson, Lauderdale’s Ritter, Nadine Smith, ‘, ” Smith Organizations: Minneapolis CNN, Republican Florida Gov, Sunshine State, Lauderdale, Democratic, Omni, Broward County Convention, Orlando’s Orange County Convention, Society of Black Engineers, Research, of periOperative, Global, CNN, Orange County Convention, AP, AORN, Tampa Convention, Tampa, Comic Convention, “, Math Association of America, MAA, National Society of Black Engineers, NAACP, National Urban League, Black Power, Association of Collegiate Schools of Planning, Florida State University, Destinations International, Arizona, Indy, Associated, Getty, Equality Locations: Minneapolis, Florida, Lauderdale, Broward County , Florida, Broward County, Fort Lauderdale , Florida, Broward, Orlando’s Orange County, United States, Orlando after Florida, Orange County, Orlando, Tampa, Orlando , Florida, Kansas City , Missouri, “, Miami, Maine, Arizona , Indiana, North Carolina, Indiana, Associated Press, California, Tennessee, Texas, Equality Florida

☆ Chau Van Kham: Australian retiree accused of terrorism freed from prison in Vietnam
▼ + stars: | 2023-07-11 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +3 min

Acting Australian Prime Minister Richard Marles said Chau Van Kham was released on humanitarian grounds and “in the spirit of friendship” between Australia and Vietnam. The Vietnamese government declared the California-based Viet Tan, or Vietnam Reform Party, a terrorist organization in 2016, accusing it of recruiting and training armed operatives. Australian Prime Minister Anthony Albanese traveled to Vietnam last month to mark 50 years of diplomatic relations between the two countries. “We share the happy news that Mr Chau Van Kham is well and has returned to his family today,” the statement said, according to Amnesty. Pearson said Kham was one of more than 150 political prisoners detained in Vietnam for peaceful acts of free expression.

Persons: Australia CNN —, Richard Marles, ” Marles, Viet Tan, Tan, it’s, Anthony Albanese, Kham’s, Dan Nguyen, Chau, “, ” Elaine Pearson, Pearson, Kham, Pham Doan Trang, Mai Phan, Dang Dinh Bach, Hoang, Hong, ” Pearson Organizations: Australia CNN, Australian, Amnesty International, Amnesty, Vietnam Reform Party, Australian Broadcasting Corporation, Human Rights Locations: Brisbane, Australia, Sydney, Vietnam, California, United States, Asia

☆ Vietnam opposes China's unilateral South China Sea fishing ban
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

HANOI, April 20 (Reuters) - Vietnam took aim at China on Thursday for imposing an annual ban on fishing in a vast area of the South China Sea, calling it a violation of its sovereignty and urging Beijing not to complicate matters. China has imposed the ban each year since 1999 and Vietnam routinely opposes it. China says the ban, which will apply from May 1 to Aug. 16, is to promote sustainable fishing and improve marine ecology. "China's so-called fishing ban violates Vietnam's sovereignty over Hoang Sa and the sovereign rights and jurisdiction in Vietnamese waters and its exclusive economic zone," Doan Khac Viet, a Vietnam's foreign ministry spokesperson told a regular news briefing. Viet called on China to respect Vietnam's sovereignty and "not to complicate the situation".

SINGAPORE, Feb 24 (Reuters) - U.S streaming giant Netflix Inc (NFLX.O) is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matter said. Netflix declined to comment in response to Reuters questions about its plans and its current operations in Vietnam. The office could open as early as late 2023 but will require a lengthy regulatory process that could take longer, according to one of the sources. As Vietnamese officials grow more confident in the country's rising consumer power, however, they have begun ramping up pressure on tech firms to abide by the rules. With the fastest growing middle class in Southeast Asia, Vietnam has become a key market for tech giants.

Water-logged Californians will have to endure several more days of rain, as new storms line up in the Pacific to pound the state with unprecedented precipitation, forecasters said Thursday. The Bay Area and Central Coast have been particularly hard hit, with rain falling on San Francisco for 15 out of 18 days from Christmas through Wednesday. Oakland International Airport, a focal point of the nine-county San Francisco Bay Area region, has received almost a year's worth of rain in just the past 3 1/2 months. From Oct. 1 through Wednesday, that neighborhood of East Oakland received 17.85 inches of rain when a normal year accounts for 18.7 inches of rainfall. San Luis Obispo Sheriff's Office via TwitterA brief respite from rain in the Central Coast is allowing rescuers in San Luis Obispo County to continue their search Thursday for 5-year-old Kyle Doan, who was swept away by floodwaters on Monday.

It would turn into a nightmare as their 5-year-old son, Kyle, got swept away in raging flood waters while his mom drove him to school. San Luis Obispo Sheriff's Office via TwitterKyle was lost to a succession of unrelenting rainstorms that have pummeled California over the last two weeks and contributed to 17 deaths. As water poured into her car, Lindsy told Kyle to unbuckle his car seat so they could escape. Nearby homeowners fetched rope and managed to rescue Lindsy, who was closer to the bank. “We continue to hope for the best,” said Grace Norris, a San Luis Obispo sheriff’s spokesperson.

Northern California braced for more downpours as southern and central regions of the state got a break Wednesday from torrential rains and prepared for another strong system just days away. At least 17 people have died since late last week in these California storms that show few signs of slowing up. Josh Edelson / AFP - Getty ImagesThe heaviest rains Wednesday were expected to fall on northern and coastal regions of the state. A major system is forecast to hit almost all of coastal California, from the Oregon border to Los Angeles late Friday afternoon or evening. Santa Cruz County has been told to brace for between 3 to 6 inches of rain Friday, Saturday and Sunday, according to Hart.

☆ Vietnamese boy trapped in concrete pile on New Year’s Eve is pronounced dead
▼ + stars: | 2023-01-05 | by ( ) www.nbcnews.com time to read: +1 min

HANOI, Vietnam — A 10-year-old Vietnamese boy who fell into the narrow open shaft of a concrete pile at a construction site on New Year’s Eve has been confirmed dead, state media said Wednesday. Rescuers spent nearly 100 hours trying to free the boy, Ly Hao Nam, from the 115-foot-long support pillar driven into the ground, but without success, online newspaper VnExpress cited a local government official as saying. “The authorities have determined that the victim has died and are trying to recover his body for the funeral,” deputy chairman of the southern province of Dong Thap, Doan Tan Buu, was quoted as saying. Doan Tan Buu, deputy chairman of the southern Vietnamese province of Dong Thap, said Wednesday that authorities were trying to recover the boy’s body. Earlier on Wednesday, Vietnamese Prime Minister Pham Minh Chinh had urged rescuers and local authorities to mobilize all equipment and forces needed, the government said.

☆ Sam Bankman-Fried reportedly avoided the typical sardine breakfast in Bahamas prison in favor of toast and jam
▼ + stars: | 2022-12-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Fox Hill prison located in Nassau typically serves grits and sardines for breakfast, and rice and beef for lunch. But for Bankman-Fried, his diet during his stay at Fox Hill included toast and jam for breakfast, and stewed greens and vegetables for lunch and dinners. "By Fox Hill standards, Mr. Bankman-Fried received royal treatment," The New York Times reported. Fox Hill prison is commonly referred to as "Fox Hell" prison by locals on the island. Fox Hill prison warden Doan Cleare told the New York Times that while Bankman-Fried was "well cared for," he didn't receive preferential treatment.

☆ Sam Bankman-Fried played crossword puzzles, read local newspapers, and ate vegan food while in a notorious Bahamas jail, report says
▼ + stars: | 2022-12-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried played crossword puzzles while being held in a notorious Bahamas jail, Bloomberg reported. He was held in Fox Hill prison's sick bay, where inmates have running water, among other perks, per Bloomberg. Bankman-Fried flew from the Bahamas to New York overnight Wednesday to face fraud charges in the US. New arrivals at Fox Hill must spend two weeks in the jail's sick bay to check they don't have COVID-19, the Daily Mail reported a prison source as saying. Fox Hill's sick bay may be an improvement on the rest of the jail but it's nonetheless a considerable downgrade from Bankman-Fried's $30 million Bahamas penthouse.

Off-budget spending, where the cost of activities deemed to have special characteristics is not included in the official budget, is widely used across the world. In Poland, it was initially deployed for spending to weather the pandemic but now encompasses a surge in military and other expenditures. "Budget funds are becoming less and less transparent," Supreme Audit Office President Marian Banas told Reuters. Importantly, they note that the off-budget spending still gets captured under European accounting rules. In recent years, Poland's off-budget spending has gone from insubstantial amounts to several percentage points' worth of GDP, based on spending tracked by economists and rating agencies.

NASSAU, Dec 21 (Reuters) - Proceedings are set to resume on Wednesday in Sam Bankman-Fried's Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. He initially said he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse that decision. Wednesday's hearing will follow a confusing sequence of events this week that left the status of Bankman-Fried's expected extradition unclear. [1/6] Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022.

A hearing in Bankman-Fried's case will take place on Wednesday at 11 a.m. EST (1600 GMT), a court official told Reuters. Wednesday's proceeding could set the stage for the 30-year-old cryptocurrency mogul to depart the Caribbean nation, after several days of confusion about the status of Bankman-Fried's extradition. A person familiar with the matter said Bankman-Fried intends to consent to extradition. He initially told a Bahamas court he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse his decision. [1/2] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022.

☆ Sam Bankman-Fried is set to be flown to the US from a private airport in the Bahamas, accompanied by FBI agents, report says
▼ + stars: | 2022-12-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

SBF is expected to fly to the US from a private airport in the Bahamas on Wednesday, per Bloomberg. The former crypto boss has been charged with eight counts, including wire fraud. Bankman-Fried is expected to sign the final papers waving his rights to fight extradition in a Bahamas court on Wednesday. The decision was reportedly partly motivated by the fact Bankman-Fried expected to be granted bail with house arrest in the US. The disgraced former crypto boss has been charged with eight counts, including wire fraud.

Indicted FTX founder Sam Bankman-Fried on Tuesday agreed to be extradited from the Bahamas to the United States, according to a Bahamian court official. The paperwork has been filed with the court, and Bankman-Fried will fly to the U.S. on Wednesday, said Doan Cleare, acting Commissioner of Corrections, Bahamas Department of Correctional Services. Bankman-Fried, 30, is accused of misappropriating billions of dollars deposited in FTX, a huge cryptocurrency exchange that collapsed in November. At one time FTX was reportedly valued at $32 billion and seen as the face of the industry. Once he’s back in the U.S., Bankman-Fried can request that he be released on a bail.

Sam Bankman-Fried, co-founder of FTX, is escorted out of the Magistrate's Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. FTX founder Sam Bankman-Fried signed extradition papers in the Bahamas and will return to the U.S. on Wednesday, a Bahamas prison official told NBC News. Bankman-Fried stands accused by federal law enforcement and financial regulators of perpetrating what the SEC called one of the largest and most "brazen" frauds in recent memory. Bankman-Fried was indicted in New York federal court on Dec. 9 and was arrested three days later by Bahamas law enforcement at the request of U.S. prosecutors. WATCH: Sam Bankman-Fried defied the advice of lawyers

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