Sam Bankman-Fried spends his third night in a notorious New York prison
The former CEO of FTX has swapped his parents' comfortable Stanford home for the Metropolitan Detention Center in Brooklyn, which is not known for its comfort.< /p>
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Former FTX CEO Sam Bankman-Fried begins his third night with more than 1,500 other inmates in one of New York's most notorious prisons, a far cry from the multimillion-dollar five-bedroom home dollars from his parents at Stanford.
The FTX co-founder had his bail revoked in an August 11 hearing by Judge Lewis Kaplan, who described the Brooklyn Metropolitan Detention Center as "not on the list of five-star facilities in person".
Duuude they put SBF in MDC?
It will break him. Will get a guilty plea in a few days…. https://t.co/WrUf8rzKUO
— Adam Cochran (adamscochran.eth) (@adamscochran) August 14, 2023The MDC is a federal administrative detention facility in New York City. It is an all-gender facility that houses people in federal custody. The facility currently houses over 1,500 inmates, but was only built to accommodate 1,000.
Bankman-Fried is expected to spend at least the next two months at the facility pending his criminal trial, although his lawyers have already appealed to have his bail revoked reviewed.
Not really Club MedUnfortunately for Bankman-Fried, the prison has long been embroiled in scandals involving mistreatment and corruption.
Former warden Cameron Lindsay said in 2019 that the MDC was "one of the most troubled, if not the most troubled establishments in the Bureau of Prisons."
The former CEO of FTX has swapped his parents' comfortable Stanford home for the Metropolitan Detention Center in Brooklyn, which is not known for its comfort.< /p>
Follow up
Join us on social networks
Former FTX CEO Sam Bankman-Fried begins his third night with more than 1,500 other inmates in one of New York's most notorious prisons, a far cry from the multimillion-dollar five-bedroom home dollars from his parents at Stanford.
The FTX co-founder had his bail revoked in an August 11 hearing by Judge Lewis Kaplan, who described the Brooklyn Metropolitan Detention Center as "not on the list of five-star facilities in person".
Duuude they put SBF in MDC?
It will break him. Will get a guilty plea in a few days…. https://t.co/WrUf8rzKUO
— Adam Cochran (adamscochran.eth) (@adamscochran) August 14, 2023The MDC is a federal administrative detention facility in New York City. It is an all-gender facility that houses people in federal custody. The facility currently houses over 1,500 inmates, but was only built to accommodate 1,000.
Bankman-Fried is expected to spend at least the next two months at the facility pending his criminal trial, although his lawyers have already appealed to have his bail revoked reviewed.
Not really Club MedUnfortunately for Bankman-Fried, the prison has long been embroiled in scandals involving mistreatment and corruption.
Former warden Cameron Lindsay said in 2019 that the MDC was "one of the most troubled, if not the most troubled establishments in the Bureau of Prisons."
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