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FTX founder Sam Bankman-Fried arrested
in Bahamas

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Posted By: Hazymac, 12/13/2022 9:43:42 AM

The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with defrauding investors. "FTX’s collapse highlights the very real risks that unregistered crypto asset trading platforms can pose for investors and customers alike," said Gurbir S. Grewal, director of the SEC’s Division of Enforcement, in a statement. Bankman-Fried had been arrested Monday in the Bahamas after federal prosecutors in New York filed criminal charges contained in a sealed indictment, according to the Royal Bahamas Police Force. Damian Williams, U.S. attorney for the Southern District of New York, said on Monday that specific charges were expected to be unsealed Tuesday.

Comments:

Bahamian arrestees go to Bahamas Department of Corrections facility "Fox Hill prison," reportedly so bad a place to be that the inmates beg to be sent elsewhere. SBF will likely be extradited back to the USA, where he will not talk. It's too bad he can't spend a year in Fox Hill, which would be a stern attitude adjustment for him. He needs such an adjustment.

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Reply 1 - Posted by: Son of Grady 12/13/2022 9:51:53 AM (No. 1355465)
If he starts to talk the more likely he'll be "Seth Rich"ed.
6 people like this.

Reply 2 - Posted by: WimeTarmerFable 12/13/2022 10:02:02 AM (No. 1355473)
SBF did not kill himself.
3 people like this.

Reply 3 - Posted by: Dodge Boy 12/13/2022 10:02:47 AM (No. 1355474)
It's all over for him.
5 people like this.

Reply 4 - Posted by: Quigley 12/13/2022 10:10:02 AM (No. 1355493)
It seems that the rivers of stolen funds had tributaries through the dimokkkrap party. So: will he be protected to prevent disclosure or seth riched to prevent disclosure? What would gizelle do?
5 people like this.

Reply 5 - Posted by: Hazymac 12/13/2022 10:14:30 AM (No. 1355496)
Will he get the Jeffrey Epstein Memorial Cell at Fox Hill?
3 people like this.

Reply 6 - Posted by: Words have Meaning 12/13/2022 10:30:43 AM (No. 1355521)
SBF will never talk.If he he does talk he will have an unfortunate "accident", where nobody knows anything. For the present time, as he will stick to "no comment" because of an on-going investigation. My money is on the fugly bi-sexual, ex-girlfriend, Carol Ellison...as the brains behind the operation, as opposed to the aw-shucks CEO who did not have any idea where all the billions of dollars went.
4 people like this.

Reply 7 - Posted by: Frederic F. Frew 12/13/2022 10:30:45 AM (No. 1355522)
It would be nice to see his parents nabbed, too.
2 people like this.

Reply 8 - Posted by: pmcclure 12/13/2022 10:38:45 AM (No. 1355530)
I wonder if, at least in part, this arrest was made to forestall his tstimony before a Congressional committe today - Tuesday.
7 people like this.

Reply 9 - Posted by: MickTurn 12/13/2022 11:06:49 AM (No. 1355559)
The only reason the Lefties are mad at him and want to take him down is that he ran out of other peoples money. Greed knows no bounds!
0 people like this.

Reply 10 - Posted by: RuckusTom 12/13/2022 11:28:43 AM (No. 1355586)
Only a month? Why not make it 12 or 36 or ... ?
1 person likes this.

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