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Mendota Gets a New Big-Name Resident to Call Prison Home
gvw_edward_smith
By Edward Smith
Published 1 month ago on
May 22, 2024

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)

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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.

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Edward Smith,
Multimedia Journalist
Edward Smith began reporting for GV Wire in May 2023. His reporting career began at Fresno City College, graduating with an associate degree in journalism. After leaving school he spent the next six years with The Business Journal, doing research for the publication as well as covering the restaurant industry. Soon after, he took on real estate and agriculture beats, winning multiple awards at the local, state and national level. You can contact Edward at 559-440-8372 or at Edward.Smith@gvwire.com.

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