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In sweltering Bahamas courtroom, Bankman-Fried fights incarceration
NASSAU, Dec 13 (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed.
The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to dispute his extradition to the U.S. He was ultimately refused and faces possible extradition to the United States.
It was a stunning fall from grace for the crypto boss, once estimated by Forbes as worth as much as $26.5 billion.
“I’m not waiving,” Bankman-Fried said when asked if he would seek to waive his right to an extradition hearing.
It was a rare comment in a hearing that was largely taken up with lawyers discussing process. In another comment, Bankman-Fried referred to the night of his arrest as “hectic.”
There was high anticipation ahead of the appearance by Bankman-Fried, who has done numerous media interviews since his firm collapsed but not been widely seen in public.
The day started with Bankman-Fried ushered into court away from the main entrance and photographers and reporters who crowded to get a shot.
Bahamas Chief Magistrate JoyAnn Ferguson-Pratt contributed witty asides that often left the courtroom chuckling, once quipping “I wasn’t born yesterday” at the defense counsel’s interpretation of the law.
Ferguson-Pratt’s repeatedly forgetting the defendant’s last name led to laughter.
“Samuel,” she said before trailing off, with the once-billionaire crypto magnate reminding her of his name: “Bankman-Fried.”
People in the courtroom fanned themselves to keep cool in the tropical heat as sun shone through the windows.
The hearing was adjourned twice, once to consult about the court’s jurisdiction to grant bail, and again in the afternoon.
It also included an extensive discussion of Bankman-Fried’s medication, which his lawyer said was for conditions including depression, insomnia and attention deficit disorder.
At the start of the proceedings, Bankman-Fried asked to change an Emsam patch, a medical strip applied to the skin that is used to treat adult depression. He asked to briefly leave the court room to take the medication.
Bankman-Fried acknowledged that he had not taken his medications with him when he was arrested, which he attributed to having had a “hectic night”.
His parents, Joseph Bankman and Barbara Fried, at times seemed frustrated with the arguments made by the prosecution, which described him as a flight risk.
Bankman-Fried’s defense counsel pointed out that Bankman-Fried had spent weeks in The Bahamas after his business collapsed without attempting to leave the country.
At the end of the hearing, his head lowered, he hugged his parents. A van outside the court waited to take him away.
Reporting by Jared Higgs in Nassau and Brian Ellsworth in Miami; editing by Megan Davies, Noeleen Walder and Sam Holmes
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Boeing set to ignite sweltering Farnborough Airshow
An aerial view of a Boeing 737 MAX 10 airplane parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. REUTERS/Lindsey Wasson
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FARNBOROUGH, England, July 17 (Reuters) – Boeing (BA.N) will seek to shore up its troubled 737 MAX 10 and 777X jetliners with orders officially worth over $15 billion from Delta Air Lines and Lufthansa this week, as the aerospace industry swelters at its largest event since COVID-19.
Industry sources said the U.S. planemaker, struggling to maintain a grip on its duopoly with Europe’s Airbus (AIR.PA), would strike early at the Farnborough Airshow, which opens on Monday, after months of talks on its largest 737 with Delta.
Reuters first reported in March that Delta (DAL.N) was discussing buying 100 MAX 10 and reported last week that the airline was in talks to order around 12 more Airbus A220s in a deal likely be announced on Tuesday. read more
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Germany’s Lufthansa (LHAG.DE) is likely to firm up a deal for around 10 large Boeing freighters, including seven of the recently launched cargo version of the 777X, sources said.
None of the parties commented ahead of the show, which is going ahead despite an emergency weather warning and transport disruption caused by forecasts for record high temperatures.
As Britain melts, aerospace firms will do their best to show civil demand is intact after the worst downturn in their history. Rising defence spending will also be in focus as the industry gathers under the shadow of war in Ukraine.
Boeing unveiled broadly stable civil airplane forecasts on Sunday. read more
Even so, many of the deals will be provisional ones or formal signings of business already in the works, and virtually all will be packaged as contributions to lower emissions in support of a common goal of net zero by 2050, delegates said.
EasyJet (EZJ.L) is set to win shareholder approval for a recent deal for 56 Airbus A320neos, placing it on Farnborough’s radar. Etihad has firmed up an order for seven A350 freighters, though it is unclear whether these will be unveiled at the show.
Poland’s LOT is studying proposals from existing suppliers Boeing and Embraer as well Airbus and engine firms, but will not make a decision at the show, a person close to the talks said, denying a report that the airline had already picked Airbus.
Demand for jets peaked in 2016 but remained buoyant until the pandemic crippled air transport. Now, travel is rebounding, passengers face long lines and some jets are back in demand.
Yet, apart from Delta’s expected MAX purchase, the big-ticket orders that dominated past events are rarer as airlines repair balance sheets weakened by COVID-19 travel restrictions.
Airbus and Boeing officials flew to India ahead of the show chasing a potential $50 billion blockbuster from Air India owner Tata Group. It is studying 200-300 narrowbodies and 30-70 wide-bodies split between suppliers, but hopes of a sizzling order to match this week’s temperature are on hold for now, sources said.
That means most attention will be on the MAX 10 and 777X which Boeing plans to fly in a scaled-down Farnborough display.
MAJOR HEADACHES
Both airplanes are the source of major headaches as Boeing wrestles with regulatory problems in the wake of a two-year safety crisis triggered by crashes of a smaller MAX.
Boeing has a December deadline to win approval for the 737 MAX 10 – the largest member of its single-aisle family – or meet new cockpit alerting requirements, unless Congress waives it.
Chief Executive Dave Calhoun has said Boeing could be forced to cancel the 737 MAX 10 – a move that could have repercussions across the industry including for rival Airbus, reluctant to be dragged into a race to develop new jets too soon.
However, the head of Boeing’s commercial division, Stan Deal, told reporters on Sunday that cancelling the MAX 10, which analysts say is needed to compete with strong sales of the Airbus A321neo, is “not a high probability path”.
Boeing is also close to delivering its first 787 in a year after a spate of regulatory and production problems, Deal said.
Aerospace leaders will also be under pressure this week to address concerns over supply chains and a spike in inflation that raise questions over both input costs and consumer demand.
Current market leader Airbus is sticking with plans to raise single-aisle A320neo output to 75 jets a month in 2025 from 50 now, but some suppliers fear supply chains may not keep up.
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Reporting by Tim Hepher, David Shepardson, Paul Sandle; Editing by Mark Potter and Cynthia Osterman
Our Standards: The Thomson Reuters Trust Principles.
Julia Fox sports signature leather in sweltering LA heat as Kanye West romance reportedly cools off
Julia Fox sported her signature all-black leather look while out and about in the sweltering Los Angeles heat on Thursday amid reports her relationship with Kanye West is cooling off.
The 32-year-old actress opted for a head-to-toe tight leather ensemble complete with a jacket and slacks as she visited the Face Gym in West Hollywood with a friend in tow.
Despite a hot-and-heavy romance with Kanye West which began on New Year’s Eve and has seen the couple globe-trotting with heavy PDA, sources told E! News that Julia ‘doesn’t have the energy’ to put more into a relationship with the 44-year-old rapper.
Stepping out: Julia Fox sported her signature all-black leather look while out and about in the sweltering Los Angeles heat on Thursday amid reports her relationship with Kanye West is cooling off
Signature: The 32-year-old actress opted for a head-to-toe tight leather ensemble complete with a jacket and slacks
While temperatures were soaring into the high 80s on an unusually hot day in Southern California, Julia looked casually cool wearing a black moto-jacket on top of a bralette.
She paired hip-hugging trousers with below-the-knee boots that featured a small heel, and carried a matching slouchy purse across her shoulder.
Her dark brown hair was worn parted down the middle and straight, with tendrils cascading down her back.
Never too hot for leather: While temperatures were soaring into the high 80s on an unusually hot day in Southern California, Julia looked casually cool wearing a black moto-jacket on top of a bralette
Fashion forward: She paired hip-hugging trousers with below-the-knee boots that featured a small heel, and carried a matching slouchy purse across her shoulder
Friendly affair: Julia had a helping hand as she stopped by a few shops on her afternoon out on the west coast
Classic: Her dark brown hair was worn parted down the middle and straight, with tendrils cascading down her back
She opted for a pair of thick mirrored sunglasses, and wore a pale red shade of lipstick across her lips.
The mother-of-one popped in and out of the Face Gym, a spa known for top-of-the-line treatments and procedures.
While Julia’s romance with Kanye only just begun, it seems to be fizzling out as sources claim she’s not interested in a bi-coastal lifestyle.
Favorite lenses: She opted for a pair of thick mirrored sunglasses, and wore a pale red shade of lipstick across her lips
Treat yourself: The mother-of-one popped in and out of the Face Gym, a spa known for top-of-the-line treatments and procedures
Losing steam? While Julia’s romance with Kanye only just begun, it seems to be fizzling out as sources claim she’s not interested in a bi-coastal lifestyle
‘Julia is a mom first and her family and work obligations are in New York,’ the source said of the actress, who is mom to a 12-month-old son from a previous relationship. ‘Ye did express he wanted her in Los Angeles, but she couldn’t take that on.’
The insider also noted: ‘Although they remain close, their relationship has evolved.’
A second source told the gossip site: ‘When she’s not around, he reverts back to his old ways with social media outbursts and public antics.’
‘Julia is a mom first and her family and work obligations are in New York,’ the source said of the actress, who is mom to a 12-month-old son from a previous relationship. ‘Ye did express he wanted her in Los Angeles, but she couldn’t take that on’
Julia is reportedly ‘focusing on her friends and family right now, and does not have the energy to put into a relationship’
Conflicting: Earlier this week, Fox described her romance with West as ‘organic’ and ‘natural,’ and off to a strong start after beginning only months ago
And while Julia has remained ‘unbothered’ by his recent pleas to estranged wife Kim Kardashian to bring their family back together, Julia is ‘focusing on her friends and family right now, and does not have the energy to put into a relationship.’
Another insider told Page Six that Julia and Kanye are in ‘an open relationship’ as he’s been seen dating other women, most recently Chaney Jones.
‘Their bond transcends typical norms because they’re evolved beings who just want each other to be happy,’ one insider close to Fox told the outlet. ‘There is no jealousy or bad vibes.’
Just days ago on the Call Her Daddy podcast, Julia told host Alexandra Cooper while they never have formally discussed their romantic status, ‘I call him my boyfriend and he calls me his girlfriend.’
Fox described her romance with West as ‘organic’ and ‘natural,’ and off to a strong start after beginning only months ago.
‘Time will tell, you’ll just see,’ she said. ‘Obviously, it looks a certain way, but people don’t know the conversations happening behind the scenes, and you know, I’ve been around.’
Just days ago on the Call Her Daddy podcast, Julia told host Alexandra Cooper while they never have formally discussed their romantic status, ‘I call him my boyfriend and he calls me his girlfriend’