Sam Bankman-Fried was arrested in The Bahamas last night on fraud charges 

A judge denied him bail on Tuesday despite his pleas to be put on house arrest

He was remanded to the Bahamas Department of Corrections' notorious Fox Hill Prison until his next court appearance on February 8

SBF faces 155 years in prison if convicted of fraud and money laundering 

Prosecutors say he used FTX as a 'personal piggy bank' to fund his lavish lifestyle

He also made enormous donations to the Democratic party and President Biden