FTX founder could be sent to US after extradition hearing

Sam Bankman-Fried is back in a Bahamian court Wednesday for an extradition hearing that could clear the way for the one-time billionaire to be sent to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX. In a court in Nassau, Bahamas, on Monday, Bankman-Fried’s lawyers said he had agreed to be extradited to the U.S., but the necessary paperwork had not yet been written up. If approved, Bankman-Fried could be on a plane to the U.S. as early as Wednesday afternoon. Bahamian authorities arrested Bankman-Fried last week at the request of the U.S. government. U.S. prosecutors allege he played a central role in the rapid collapse of FTX and hid its problems from the public and investors. The Securities and Exchange Commission said Bankman-Fried illegally used investors’ money to buy real estate on behalf of himself and his family. The 30-year-old could potentially spend the rest of his life in jail. Bankman-Fried was denied bail Friday after a Bahamian judge ruled that he posed a flight risk. The founder and former CEO of FTX, once worth tens of billions of dollars on paper, is being held in the Bahamas’ Fox Hill prison, which has been has been cited by human rights activists as having poor sanitation and as being infested with rats and insects. Once he’s back in the U.S., Bankman-Fried’s attorney will be able to request that he be released on bail.

German parliament votes to approve EU-Canada trade pact

German lawmakers on Thursday approved a free-trade deal between the European Union and Canada, moving the accord a step closer to taking full effect. The pact, formally known as the Comprehensive Economic and Trade Agreement, or CETA, was signed in late 2016. Most of its terms have been implemented provisionally since 2017, but the parliaments of the EU’s 27 member nations must ratify the deal for -it to come fully into force. Chancellor OIaf Scholz’s three-party coalition moved forward with ratifying it after Germany’s highest court in March rejected complaints against CETA, at least in the form in which it is currently in effect. Lawmakers voted 559-110 to approve the pact. Another 11 EU countries have yet to ratify the deal, Verena Hubertz, a lawmaker with Scholz’s center-left Social Democrats, told parliament’s lower house before the vote. “We are optimistic, now that we are moving forward, that others will also follow very quickly,” she said. “But of course ... this is much too long and much too slow in a globalized world that turns quickly.” Hubertz said Germany had to wait for the court verdict and added that “we have eliminated concerns” about details of a dispute mechanism built into the pact. Conservative opposition lawmakers argued that little or nothing has actually changed and charged that the center-left had held up ratification for ideological reasons. The deal eliminates almost all customs duties and increases quotas for certain key products in Canada and the EU’s respective markets. The EU has said the agreement will save its companies some 600 million euros ($623 million) a year in duties.

Case against former Tucson officer remanded to grand jury

Former Tucson police Officer Ryan Remington, who was indicted on a manslaughter charge in the shooting of a shoplifting suspect, will have his case heard again by a grand jury. Pima County Superior Court Judge Danelle Liwski granted a defense request Friday to remand the case to a grand jury. She agreed with Remington’s attorney that state prosecutors presented misleading statements to an initial panel but did not do so intentionally. The prosecution said Friday that a full and factual picture was presented to the grand jury. Remington was fired in early January for what police determined was excessive use of force. Remington was off duty and working security at a Walmart store when he approached Richard Lee Richards, whom an employee had accused of shoplifting. Authorities said Richards, who was in a mobility scooter, pulled a knife on a worker as he was leaving. Remington allegedly ordered Richards to drop the knife and not to enter another store. Richards ignored the officer before Remington shot him multiple times, and he fell out of his scooter, authorities have said. Remington, who pleaded not guilty to manslaughter, is scheduled to appear in court again in January.

Supreme Court weighs ‘most important case’ on democracy

The Supreme Court is about to confront a new elections case, a Republican-led challenge asking the justices for a novel ruling that could significantly increase the power of state lawmakers over elections for Congress and the presidency. The court is set to hear arguments Wednesday in a case from North Carolina, where Republican efforts to draw congressional districts heavily in their favor were blocked by a Democratic majority on the state Supreme Court because the GOP map violated the state constitution. A court-drawn map produced seven seats for each party in last month’s midterm elections in highly competitive North Carolina. The question for the justices is whether the U.S. Constitution’s provision giving state legislatures the power to make the rules about the “times, places and manner” of congressional elections cuts state courts out of the process. “This is the single most important case on American democracy — and for American democracy — in the nation’s history,” said former federal judge Michael Luttig, a prominent conservative who has joined the legal team defending the North Carolina court decision.