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Search resuls for: "Metropolitan Detention Center"


4 mentions found


☆ FTX's Bankman-Fried to appear in Bahamas court; expected to waive extradition
  + stars: | 2022-12-19 | by ( Luc Cohen Jasper Ward | Luc Cohen | Jasper Ward | ) www.reuters.com   time to read: +4 min
Dec 19 (Reuters) - Sam Bankman-Fried, founder of now-bankrupt crypto exchange FTX, is expected to appear in court in the Bahamas on Monday and agree to be extradited to the United States, where he faces fraud charges. Bankman-Fried initially said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. Reuters reported first on Saturday that Bankman-Fried would return to court to reverse his decision. Upon being extradited to the United States, Bankman-Fried would be required to appear before a judge in Manhattan within two days, though the hearing would likely take place quickly. Any trial of Bankman-Fried is likely more than a year away, legal experts told Reuters.
☆ Exclusive: Sam Bankman-Fried to reverse decision on contesting extradition
  + stars: | 2022-12-17 | by ( Jasper Ward | ) www.reuters.com   time to read: +4 min
His decision to consent to extradition would pave the way for him to appear in U.S. court to face wire fraud, money laundering and campaign finance charges. At his initial court hearing in Manhattan, Bankman-Fried would be asked to enter a plea and a judge would make a determination on bail, Margulis-Ohnuma said. The attorney added that such a hearing must take place within 48 hours of Bankman-Fried's arrival in the United States, though it would likely be sooner. Bankman-Fried has acknowledged risk management failings at FTX but has said he does not believe he has criminal liability. 'BIGGEST FINANCIAL FRAUDS IN AMERICAN HISTORY'It was not immediately clear what prompted Bankman-Fried to change his mind and decide not to contest extradition.
☆ Americans convicted in Japan on Carlos Ghosn’s escape return home
  + stars: | 2022-11-08 | by ( The Associated Press | ) www.nbcnews.com   time to read: +1 min
TOKYO — An American father and son convicted in Japan on charges of helping former Nissan chairman Carlos Ghosn escape to Lebanon by hiding in a box have been returned to the U.S., their lawyer said Tuesday. The U.S. and Japan have an extradition treaty, while Lebanon has no extradition treaty with Japan. Peter Taylor has already been released, and is back with his family in Massachusetts, said Kelly, whose office is based in Boston. During their trial in Tokyo, Michael and Peter Taylor apologized and acknowledged guilt, saying they had been misled by Ghosn. He says he fled because he could not expect a fair trial in Japan.
☆ Ex-Green Beret, Son Return to U.S. After Prison Sentence Over Carlos Ghosn Escape
  + stars: | 2022-11-06 | by ( Nick Kostov | Mark Maremont | ) www.wsj.com   time to read: 1 min
The American father and son who helped former Nissan Motor Co. Ltd. Chairman Carlos Ghosn escape from Japan have returned to the U.S. after spending 20 months in Japanese jails. Michael Taylor , a 62-year-old former Green Beret, is being held at the Metropolitan Detention Center in Los Angeles with a release date set for Jan. 1, 2023, according to the Federal Bureau of Prisons website. His son Peter Taylor is back home in Massachusetts with his family, according to their lawyer, Paul V. Kelly . Mr. Kelly said he was in discussions with the Federal Bureau of Prisons and parole officials about releasing his client sooner. Bloomberg News reported earlier that the Taylors were back in the U.S.
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