US District Court Judge Lewis Kaplan announced that convicted former FTX CEO Sam Bankman will be sentenced on March 28, 2024.
Meanwhile, Bankman-Fried will return to the Metropolitan Detention Center in Brooklyn, where he’s been held since August.
The MDC is a far cry from Bankman-Fried’s Bahamas compound and from his parents’ leafy Palo Alto neighborhood where he’d been under house arrest since his arrest in December.
Located on the industrial waterfront of Brooklyn’s Sunset Park neighborhood, the MDC has earned a reputation as one of the worst jails in America. Politicians and activists have held the facility up as a testament to a crumbling criminal justice system.
Bankman-Fried shares his space with some other high-profile detainees, including the former president of Honduras, who was indicted on cocaine trafficking charges last year, a person familiar with the matter told CNN.
Bankman-Fried is also “friendly” with Genaro García Luna, the former head of Mexico’s FBI, who is awaiting sentencing for drug trafficking, this person said.
When his trial began, observers quickly noted changes to Bankman-Fried’s appearance. He seemed to have lost weight and, most surprising, his trademark wild locks were gone, shorn into a tight crew haircut.
The haircut, the person confirmed, was courtesy of a fellow MDC resident.
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