Bahamas News
Mental Health Watch for SBF, $250 Bond for the FTX founder
By Dana Malcolm
Staff Writer
#USA, December 23, 2022 – Sam Bankman-Fried is now under strict watch; will have to undergo mental health counseling and wear an ankle monitor; all conditions of his release in addition to a $250 million bond agreement which will see him out of jail but confined to a very limited area. But he does get to spend Christmas with his parents, missing eight weeks of incarceration at The Bahamas Dept. of Corrections in Fox Hill, Nassau. 
He was released to the custody of his parents on Thursday after being shuttled from the Bahamas on Wednesday. He will remain with his parents and confined to “travel within and between the Northern District of California and the Southern & Eastern Districts of New York” for the foreseeable future.
Two of his closest associates, Gary Wang and Caroline Ellison have already pleaded guilty to 5 and 7 counts of fraud respectively including wire fraud, conductors and series fraud. Both have accepted plea deals, signing over property and cash gained from their exploits at FTX and Alameda Research.
“With the pleas announced today, Ms. Ellison and Mr. Wang admitted they were willing participants in schemes to defraud FTX.com’s customers and backers out of their money. The FBI will continue to seek justice for the victims of
The colossal bail amount assigned to Bankman is tens of millions higher than some of the most notorious fraudsters in history and matches that of Michael Milken, the man behind Wall Street’s biggest criminal investigation.
In terms of other co conspirators the FBI has encouraged them to “come see us before we come see you”