Former Cryptocurrency executive Sam Bankman-Fried, who was sentenced to 25 years in prison in March, will be transferred to Federal Correctional Institute, Mendota, according to news sources. (GV Wire Composite/Paul Marshall)
Share
Getting your Trinity Audio player ready...
|
Crypto billionaire-turned-felon Sam Bankman-Fried will leave the Big Apple for the Federal Correctional Institution, Mendota.
According to the New York Post, the former CEO of cryptocurrency exchange FTX found out about the transfer to the prison a few days ago.
The transfer process from the Brooklyn Federal Metropolitan Detention Center began Wednesday, the Post reported.
Bankman-Fried had previously requested staying in New York so he could appeal the guilty verdict that came with a 25-year prison sentence.
Prosecutors had sought 50 years while Bankman-Fried’s defense asked for a maximum of 6 1/2 years.
Mendota Prison More Violent Than Most Federal Prisons: Consulting Group
While Mendota in western Fresno County has both a medium-security and a minimum-security prison, the Post surmised that Bankman-Fried would head to the medium-security prison because of the length of his sentence. The federal prison in Mendota houses approximately 1,100 inmates, according to Zoukis Consulting Group.
A variety of criminals can be sent to medium-security prisons. That can range from federal drug offenses to sexual offenses to white-collar crimes. Around 75% of medium-security prisoners have a history of violence.
A poll of inmates done by Zoukis Consulting found Mendota to be more violent “and political” than most prisons, with several fights a week.
Bankman-Fried’s sentence for stealing $8 billion from customers came down in March.
RELATED TOPICS:
Bills Reward NFL MVP Josh Allen With $330 Million Contract Extension
2 hours ago
Writer Claims Disney Stole His Work for ‘Moana,’ Jury to Decide
2 hours ago
More Than 30 Nations Will Participate in Paris Planning Talks for Ukraine
2 hours ago
Supreme Court Will Take up State Bans on Conversion Therapy for LGBTQ+ Children
2 hours ago
Stock Market Today: Wall Street’s Sell-off Gets Worse as Worries Build About the Economy
2 hours ago
Rubio Says Purge of USAID Programs Complete, With 83% of Agency’s Programs Gone
3 hours ago
Supreme Court Rejects Republican-Led Effort to Halt Climate Change Lawsuits
3 hours ago
Guatemala’s Volcano of Fire Erupts and Forces Evacuations
3 hours ago
Fresno State Alum Davante Adams Returns to California, Signs with Rams
18 hours ago

Valley Crime Stoppers’ Most Wanted Person of the Day: Nicholas Javier Villarreal

Bills Reward NFL MVP Josh Allen With $330 Million Contract Extension

Writer Claims Disney Stole His Work for ‘Moana,’ Jury to Decide

More Than 30 Nations Will Participate in Paris Planning Talks for Ukraine

Supreme Court Will Take up State Bans on Conversion Therapy for LGBTQ+ Children
