Sam Bankman Fried, the founder of cryptocurrency exchange FTX who was convicted of fraud and conspiracy, was transferred from a Brooklyn jail Wednesday morning, his spokesperson announced.
Bankman Freed's final destination is not clear, his spokesman Mark Botnick said. Before the transfer, Mr. Bankman Fried, 32, told those close to him that he expected to be transferred to the Federal Correctional Facility in Mendota, California, a person familiar with the matter said.
A representative for the Bureau of Prisons declined to comment on Bankman-Fried, citing “privacy, safety and security reasons.” A spokeswoman for the prosecutor handling Bankman Fried's case did not respond to a request for comment.
Bankman Fried's move was first reported by the Wall Street Journal.
Bankman Fried was convicted in March of defrauding FTX customers, investors and lenders and sentenced to 25 years in prison. Prosecutors said he orchestrated a years-long fraud scheme that siphoned $8 billion from his client accounts to fund venture capital investments, political contributions and real estate purchases.
Bankman Freed was granted bail and confined to his parents' home in Northern California after the judge overseeing his case revoked his bail in August, citing attempted witness intimidation.
Since then, Mr. Bankman-Fried has been confined at the Metropolitan Detention Center in Brooklyn. After being convicted in March, Bankman Freed asked to remain in jail while he worked on his appeal of the conviction.