SBF, arrested!

[bbc.reporter]

I can tell by now that Caroline is a lot more influential than SBF. So we may be able to see SBF commit suicide.

That won't help victim of FTX bankruptcy regain their funds though. And if he died, i expect it'll be more difficult for the victim to regain their losses.

It will be another disaster, when SBF kills himself he will not be held accountable for his crimes anymore.
As you said, it will be difficult to recover the losses of FTX victims.

But does SBF still have other assets to be able to compensate the victims, and will the other perpetrators also be investigated in relation to this case?
I feel sorry for the many victims who have a lot of assets in FTX and whose losses still can't be recovered.

Hehehe Sam kills himself in prison? It would certainly be similar to how Jeffrey Epstein also killed himself in prison. I am sure this would open up new storylines and conspiracy theories on what Sam's connection really is with the Democratic party and how FTX and Alameda Research came to be one of the top exchanges and top market makers in a very short amount of time.

I will say it first be before it happens. Sam did not kill himself.

[BALIK]

To be honest, I am pleasantly surprised. I know that the system of Justice is alright in the US, but it still has its major downsides (like the Trump-appointed conservative juries of the highest court), and I thought a capitalist state like the USA would protect its riches, especially if they did their paperwork in time. Apparently, I was wrong, and there is some justice after all. I don't care if he gets prison time (and I don't generally believe in prisons as a proper way of making society better), but I really hope that the victims will be reimbursed upon liquidation of FTX assets and, if that isn't enough, from Bankman's own big pocket.

No, Sam was arrested because the US government filed a criminal complaint against him. But now he is being held in the Bahamas, according to some reports, the Bahamas government has refused a US request to extradite him to the US for trial.

As for the compensation for the victims, I think they have no chance, recently, the new CEO of FTX, Mr. RAY, has also confirmed that 1 million FTX customers will not get their money back and will not be compensated. Only victims in the US will be compensated.

[Victorik]

A very pleasant news indeed. I have been hoping to see this happened, and now it has finally happened.
At least, someone should be held responsible for with happened at FTX and not just allow the issue to slide, it will encourage more fraudulent activities within the cryptocurrency space.
 He should be made to face the full weight of the law and most importantly made to return investors money that varnished into thin air.

[franky1]

No, Sam was arrested because the US government filed a criminal complaint against him[1]. But now he is being held in the Bahamas, according to some reports[2], the Bahamas government has refused a US request to extradite him to the US for trial[3].

As for the compensation for the victims, I think they have no chance, recently, the new CEO of FTX, Mr. RAY, has also confirmed that 1 million FTX customers will not get their money back and will not be compensated[4]. Only victims in the US will be compensated.[5]

1 yes         2 yes            
3 no - the trial to decide on extradition is in february. the other day he was in court about bail. and was denied bail
4. there are some funds but no confirmation of how it will be split.
5 no again. not decided yet. it will take weeks,months to accrue all assets then asses how to split the funds

possible reasons o'leary said what he said
(speculating/hypothecating)
a. to not pro-spin SBF voids his speaker contract. penalty repay SBF $15m
b. if he admits to a scam. it makes him liable for advertising a scam
c. admitting he was duped puts him in bad rep of not doing due diligence
d. to go against SBF means $0 return, not even 10c on the dollar

im feeling b & c as main reasons


i dont think SBF will wear a custom design epstien neck tie

[NotATether]

Hehehe Sam kills himself in prison? It would certainly be similar to how Jeffrey Epstein also killed himself in prison. I am sure this would open up new storylines and conspiracy theories on what Sam's connection really is with the Democratic party and how FTX and Alameda Research came to be one of the top exchanges and top market makers in a very short amount of time.

I will say it first be before it happens. Sam did not kill himself.

Sam is not like Epstein and does not have a wealthy network of friends to protect or sympathize with him.

Pretty much everybody is going after Sam. That's what happens when you screw over millions of people (including rich investors) worldwide. This is no pedo operation where there are only a few girls seeking justice.

Nobody's gonna give him a way "out".

[cabron]

Hehehe Sam kills himself in prison? It would certainly be similar to how Jeffrey Epstein also killed himself in prison. I am sure this would open up new storylines and conspiracy theories on what Sam's connection really is with the Democratic party and how FTX and Alameda Research came to be one of the top exchanges and top market makers in a very short amount of time.

I will say it first be before it happens. Sam did not kill himself.

Sam is not like Epstein and does not have a wealthy network of friends to protect or sympathize with him.

Pretty much everybody is going after Sam. That's what happens when you screw over millions of people (including rich investors) worldwide. This is no pedo operation where there are only a few girls seeking justice.

Nobody's gonna give him a way "out".

Epstein infiltrated a lot of people in high places where he could possibly extort knowing that him exposing them can ruin thier political careers and reputation. But I think SBF connection to DEM and REPs are already enough to get him killed and probably by now the Bahamian connection is taking all his assets.

When CZ asked about the records, they can't supply them, and then Mr wonderful Kevin accused Binance of having caused the bankruptcy of FTX just going nuts. Despite how absurd that is, they are going to get CZ.

[dezoel]

Epstein infiltrated a lot of people in high places where he could possibly extort knowing that him exposing them can ruin thier political careers and reputation. But I think SBF connection to DEM and REPs are already enough to get him killed and probably by now the Bahamian connection is taking all his assets.

When CZ asked about the records, they can't supply them, and then Mr wonderful Kevin accused Binance of having caused the bankruptcy of FTX just going nuts. Despite how absurd that is, they are going to get CZ.

Killing someone and making it obvious like Epstein is not that easy. I mean not the act itself, if government wants someone dead then they can do it in 5 minutes, the act is easy. The idea of it is hard though, like how they killed Epstein and we are still talking about it today.

He was friends with everyone too, like the names of both Bill Clinton and Trump both appears, which shows that Epstein was siding with both parties. I believe that SBF situation is different, they wouldn't want him to speak the truth for sure, but they wouldn't really care enough to kill him and get that headache as well, he doesn't have anything that worths it, some bribery charges at worst.

[savetheFORUM]

I just think that he's just a pawn, and the real people behind him, got the money,
...

Who exactly is the puppeteer of SBF? We're all waiting.

And please don't mention "World Economic Forum" - thats usually a catch-all people use when they don't have other hints

The truth is that this guy is really immature and doesn't know how to run a billion-dollar company properly.

I do not believe that there is a higher power behind SBF to be honest, however I could also say that if there were any, I would guess that it would be more like a partnership and not something he did for others. How? Well, simply they could pay the dems or reps and one of them would defend him and he would be able to do whatever he wants and that way both would benefit. So I steal money, share it with you and you do not put me in jail, sounds good?

I mean that's a possibility in most cases, and I am sure MANY wall street people do this literally every single day. Only difference is, SBF looks like a moron who couldn2t pull this off in the long run for sure.

[eaLiTy]

Here's what we're waiting for, after what he's done. I guess everyone who's been a victim of FTX fall is now getting some justice.
 

May be he is arrested because he is running his mouth in the media and the democrats wants to restrict him because he is saying things that might indicative him in the court of law while the general media is trying to save him with a narrative they created. If you are looking for justice he needs to be punished and everyone that lost their money should be compensated.

[bbc.reporter]

Hehehe Sam kills himself in prison? It would certainly be similar to how Jeffrey Epstein also killed himself in prison. I am sure this would open up new storylines and conspiracy theories on what Sam's connection really is with the Democratic party and how FTX and Alameda Research came to be one of the top exchanges and top market makers in a very short amount of time.

I will say it first be before it happens. Sam did not kill himself.

Sam is not like Epstein and does not have a wealthy network of friends to protect or sympathize with him.

We cannot be quite certain of this anymore because it appears that Sam's mother is very much connected to the politicians and the financers of the Democratic party. There are speculations that FTX and Alameda were created to be a moneylaundering operation for a certain group of people.

There was also a theory that implied that the aid the American government sent to Ukraine were laundered through FTX and sent to the Democratic party to use for the midterm election. This was denied by the government and the Democratic party, however, I would not be shocked if there was some truth in this.

We might know more when the trial begins or we might not. There are also speculations that Alameda CEO Caroline Ellison has began talking to the feds.



Following the arrest of the former FTX boss Sam Bankman-Fried (SBF), spectators continue to wonder where ex-Alameda Research CEO Caroline Ellison is, and whether or not she turned on SBF. A few reports suggest Ellison is “likely working with feds” and it’s possibly the reason why Ellison was reportedly spotted at the Ground Support cafe in Soho.

Source https://news.bitcoin.com/reports-suggest-caroline-ellison-is-working-with-feds-and-snitching-on-ftx-co-founder-bankman-fried/

[Davidvictorson]

I would say that this case is something I have been following and have so much interest in knowing the outcome. This is because of its complex nature. We know his political donations. He has deep ties with big players, and we'll see if he will be charged successfully. Imagine that he was arrested the day before he was due to give testimony to Congress. Why? Who was he going to incriminate? But one of my concerns is that this case may soon be forgotten by the public because we are quick to move on to something else.

[wxa7115]

I would say that this case is something I have been following and have so much interest in knowing the outcome. This is because of its complex nature. We know his political donations. He has deep ties with big players, and we'll see if he will be charged successfully. Imagine that he was arrested the day before he was due to give testimony to Congress. Why? Who was he going to incriminate? But one of my concerns is that this case may soon be forgotten by the public because we are quick to move on to something else.

I doubt the media will let people forget about this case as I am sure there are many governments which will use this case to pass regulations against exchanges and this market in general.

And in order to give themselves the perfect excuse to do it they need to have this case fresh in the minds of the people, as only in this way they can justify their actions and make it seem not as an attempt to try to slowdown this market but as an attempt to protect small investors.

[Iranus]

Recently, the SBF is said to have agreed to accept extradition to the US after many refusals by the Bahamas government. If he is extradited to the US and tried then he will face more charges and penalties from the SEC and CFTC, but if he comes back to the US, there will also be benefits for him because he has close ties with politicians. Until now, I still believe that he will not be sentenced too harshly, he will be released soon.

But one of my concerns is that this case may soon be forgotten by the public because we are quick to move on to something else.

This is certain, investors will quickly forget, just give them a small rally in the market, and they will quickly forget about the losses or accidents they have had in the past. Even though they lose a lot, their goal is still profit, and market makers know it, it won't be too difficult to make them forget everything and start a new game.

[franky1]

Recently, the SBF is said to have agreed to accept extradition to the US after many refusals by the Bahamas government.

well it was give up the extradition fight. or stay in bahama jail till february to then get the chance to fight it. which could be a 4 year court case, just on extradition battle.. so i think he's preferring a US jail and just get it over with.. maybe the US jail has vegan options

If he is extradited to the US and tried then he will face more charges and penalties from the SEC and CFTC, but if he comes back to the US, there will also be benefits for him because he has close ties with politicians. Until now, I still believe that he will not be sentenced too harshly, he will be released soon.

well i think the multiple charges are not because they already have soo much evidence for a quick conviction.
even the new CEO/administrator is still trying to piece everything together and said it will take months to get a clear picture of the records and what actually happened

but they done a broad range of charges to cover any/all possible crimes.. and slowly wilt them down to 1-2 primary charges that can stick. (and then give max penalty for those primary crimes)
but lets hope they can over the next couple months gather evidence to have more then 1-2 crimes to stick

[bbc.reporter]

Recently, the SBF is said to have agreed to accept extradition to the US after many refusals by the Bahamas government.

well it was give up the extradition fight. or stay in bahama jail till february to then get the chance to fight it. which could be a 4 year court case, just on extradition battle.. so i think he's preferring a US jail and just get it over with.. maybe the US jail has vegan options

Hehe yes. Also, being in a very warm climate, the high humidity and a jail cell full of Bahamians sweating beside him while he sleeps will certainly not be very comfortable.

In any case, this might also be part of their plan. Sam has hired one of the best lawyers to represent him, Mark Cohen. He prosecuted El Chapo and presently also the lawyer of Ghislaine Maxwell, the partner of Jeffrey Epstein in his sex trafficking business.

[tabas]

~image~

LOL, this image is funny but on point.

A very pleasant news indeed. I have been hoping to see this happened, and now it has finally happened.
At least, someone should be held responsible for with happened at FTX and not just allow the issue to slide, it will encourage more fraudulent activities within the cryptocurrency space.
 He should be made to face the full weight of the law and most importantly made to return investors money that varnished into thin air.

It is one of the most awaited even that many have been hopeful for and then it has come into fruition and he's now in jail. It's not yet full justice for all of the people that have been a victim of him and there's more to it.

May be he is arrested because he is running his mouth in the media and the democrats wants to restrict him because he is saying things that might indicative him in the court of law while the general media is trying to save him with a narrative they created. If you are looking for justice he needs to be punished and everyone that lost their money should be compensated.

I only think of one thing and that is because he's accountable for what happened to FTX and its customers money. That's why he has to be arrested, actually it's been long overdue but still it happened.

I would say that this case is something I have been following and have so much interest in knowing the outcome. This is because of its complex nature. We know his political donations. He has deep ties with big players, and we'll see if he will be charged successfully. Imagine that he was arrested the day before he was due to give testimony to Congress. Why? Who was he going to incriminate? But one of my concerns is that this case may soon be forgotten by the public because we are quick to move on to something else.

Yeah, the time will come that this case will be forgotten. But I think that it will only forgotten when there's already the verdict and he's sentenced based on the fraud that he's made against these innocent people's money.

Recently, the SBF is said to have agreed to accept extradition to the US after many refusals by the Bahamas government. If he is extradited to the US and tried then he will face more charges and penalties from the SEC and CFTC, but if he comes back to the US, there will also be benefits for him because he has close ties with politicians. Until now, I still believe that he will not be sentenced too harshly, he will be released soon.

Right now, based on this source[1], he's already in the US - in the custody of FBI. He sure to face more cases and consequences if he gets the trial in the US.

[1] https://twitter.com/davidgura/status/1605750225032847360?

Look at this update guys. The other involved people, Caroline and Gary are now charged with fraud just like the arrest - this should have been done long time ago.

[Haunebu]

Just found out that this maggot has consented to extradition which is good to hear since he is going to get screwed in more ways than one once he reaches US shores which is well deserved karma.

I am pretty confident that he won't live much longer and will end up just like Epstein, McAfee etc for obvious reasons.

[CryptoBuds]

Just found out that this maggot has consented to extradition which is good to hear since he is going to get screwed in more ways than one once he reaches US shores which is well deserved karma.

I am pretty confident that he won't live much longer and will end up just like Epstein, McAfee etc for obvious reasons.

Good news for us and bad news for him has also been revealed to be his accomplice, FTX co-founders and CEOs of Alameda are Gary Wang and Caroline Ellison, both of whom have admitted to their scams. I would love to know his expression when he hears this news.
I used to think that the SBF would get away with this sentence because of what he did to the politicians, but now I have a different belief. He should go to jail and be punished appropriately, even though it is tough for investors to get their money back.


https://www.cnbc.com/2022/12/22/ftxs-gary-wang-alamedas-caroline-ellison-plead-guilty-to-federal-charges-cooperating-with-prosecutors.html

[franky1]

with her pleading guilty, all she has to do is act as witness to say SBF is the mastermind. instant judgement against SBF

if she was not a key holder and SBF was.(which seems to be whats being said by current CEO) then SBF is double screwed.

as he should be

[serjent05]

with her pleading guilty, all she has to do is act as witness to say SBF is the mastermind. instant judgement against SBF

if she was not a key holder and SBF was.(which seems to be whats being said by current CEO) then SBF is double screwed.

as he should be

As expected Caroline Ellison wanted to lighten her sentence and most probably he will point all the blame to SBF.  I believe with lots of news and rumors saying that Caroline is cooperating with FBI, there is no doubt that she will be considered one of the state witnesses against SBF.   I always thought that Caroline is just a figurehead of Alameda and that the real person behind it is SBF.  You can get a hint during Caroline's interview and videos before the FTX collapse.