Sam Bankman-Fried Arrested In The Bahamas, Set For 'Prompt' Extradition After US

[cmg777]

I guess I'm eating crow because I'm shocked they didn't arrest him sooner but I'm sure the trial will go on and on like the Elizabeth Holmes of Theranos.

Sam Bankman-Fried Arrested In The Bahamas, Set For 'Prompt' Extradition After US Files Charges

https://www.zerohedge.com/crypto/sam-bankman-fried-arrested-bahamas-set-prompt-extradition

"Just hours after refusing to attend a Senate hearing on his role in the collapse of FTX, Sam Bankman-Fried has been arrested by The Royal Bahamian Police Force, according to a statement from the Attorney General of The Bahamas Sen. Ryan Pinder KC."

What are your thoughts, crypto community?

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[Gyfts]

Well, I'm glad I was wrong. I didn't think he would face any criminal charges.

Read the charges briefly, he's facing up to life in prison but no one is ever sentenced at the top of sentence recommendations. If he is in fact guilty after proper due process, throw the book at him.

Elizabeth Holmes frauded about 700M USD, she got 13 years in prison.

Bernard Lawrence Madoff frauded 65B USD, he got 150 years.

If convicted, what could SBF get for vaporizing 10B USD? Perhaps the rest of his life?

[BADecker]

Biden might not be next, but his day is coming.     

[o48o]

Maybe he should have hanged out with Do Kwon as he seems to be too slippery for interpol. However i am interested to see what US laws he broke when FTX didn't even serve US citizens. Maybe something to do with market manipulation. But then again Do Kwon runs free.

[coolcoinz]

Well, I'm glad I was wrong. I didn't think he would face any criminal charges.

Read the charges briefly, he's facing up to life in prison but no one is ever sentenced at the top of sentence recommendations. If he is in fact guilty after proper due process, throw the book at him.

Elizabeth Holmes frauded about 700M USD, she got 13 years in prison.

Bernard Lawrence Madoff frauded 65B USD, he got 150 years.

If convicted, what could SBF get for vaporizing 10B USD? Perhaps the rest of his life?

Maybe this was all a charade to appease the public. People would be furious if they let him of the hook but now they'll make all the hearings, committees, maybe a trial... and then let him go. He'll get a long list of sentences but if you sum them all up it's going to be like a million dollar fine, 2 years of house arrest and a lifetime ban on running companies.

I doubt he'll get 10 years but given what he did he should at least get that.

[OgNasty]

I'm not so sure we'll see a 'Prompt' Extradition to the US.  I imagine his lawyers will probably be fighting that for a while in order to keep him in a nice cushy penthouse in the Bahamas as long as possible.  I also believe he'll probably get bail and be placed on some sort of house arrest while he awaits trial.  We'll see...  He donated a lot of money to a lot of important people, so I imagine he has no shortage of legal counsel that will pull all the strings in the world to keep him safe and happy.  I'd love to be wrong, but I think his funneling money to the right democrats will keep him from seeing too much time in a cell.  That or he'll be suicided.  

[cmg777]

Maybe he should have hanged out with Do Kwon as he seems to be too slippery for interpol. However i am interested to see what US laws he broke when FTX didn't even serve US citizens. Maybe something to do with market manipulation. But then again Do Kwon runs free.

Yeah Do Kwon is the elephant in the room. Have you noticed since SBF's collapse of FTX occurred there has been little to no news about Do Kwon? I'd say he was definitely the domino that brought the crypto industry to its knees followed by other exchanges that had an interest in Do Kwon's LUNA. SBF was merely the second domino to fall. Will Binance and Tether be the next to fall? Your thoughts?

Well, I'm glad I was wrong. I didn't think he would face any criminal charges.

Read the charges briefly, he's facing up to life in prison but no one is ever sentenced at the top of sentence recommendations. If he is in fact guilty after proper due process, throw the book at him.

Elizabeth Holmes frauded about 700M USD, she got 13 years in prison.

Bernard Lawrence Madoff frauded 65B USD, he got 150 years.

If convicted, what could SBF get for vaporizing 10B USD? Perhaps the rest of his life?

Maybe this was all a charade to appease the public. People would be furious if they let him of the hook but now they'll make all the hearings, committees, maybe a trial... and then let him go. He'll get a long list of sentences but if you sum them all up it's going to be like a million dollar fine, 2 years of house arrest and a lifetime ban on running companies.

I doubt he'll get 10 years but given what he did he should at least get that.

Probably if he can bribe them with the hidden stolen money.

I'm not so sure we'll see a 'Prompt' Extradition to the US.  I imagine his lawyers will probably be fighting that for a while in order to keep him in a nice cushy penthouse in the Bahamas as long as possible.  I also believe he'll probably get bail and be placed on some sort of house arrest while he awaits trial.  We'll see...  He donated a lot of money to a lot of important people, so I imagine he has no shortage of legal counsel that will pull all the strings in the world to keep him safe and happy.  I'd love to be wrong, but I think his funneling money to the right democrats will keep him from seeing too much time in a cell.  That or he'll be suicided.  

You know I was thinking this the other day that he'd be Epstein'd suicided and then disappear. Only to reappear with big beard and a ZZTop hat if catch what I'm saying moving to Israel.

Well, I'm glad I was wrong. I didn't think he would face any criminal charges.

Read the charges briefly, he's facing up to life in prison but no one is ever sentenced at the top of sentence recommendations. If he is in fact guilty after proper due process, throw the book at him.

Elizabeth Holmes frauded about 700M USD, she got 13 years in prison.

Bernard Lawrence Madoff frauded 65B USD, he got 150 years.

If convicted, what could SBF get for vaporizing 10B USD? Perhaps the rest of his life?

Well said, I still think they'll drag this trial out almost as long as the Elizabeth Holmes trial. Who knows what they'll give him for charges. I wonder if his girlfriend will cut a deal or already has which is why he is being arrested.

_______________________________________________________________________________ _________________________________

Anyway, check this one out:

Sam Bankman-Fried on Luna, Genesis & 3AC [UNRELEASED AUDIO]

https://www.youtube.com/watch?v=T_Sue4Ca0dI

[sunsilk]

Many have thought that he won't be arrested when he's walking freely going into conventions and had those talking engagements.

And he's even got the nerve to refuse a hearing that he's caused for the role he's got for the falling of FTX. Well, he deserved it and each and everyone that has been part of it.

Maybe Caroline is going to be next? The girl had played with futures with not just a joke amount but billions worth.

[Majestic-milf]

Finally, a news to brighten my day!! And here I was thinking his punishment would be a slap on the wrist and the matter would be swept under the rug.(you know how crooked in a way the justice system operates in the US sometimes).

 I guess it's time to drop the "hapless chief who knew absolutely nada about defrauding his customers" act and face due punishment like an adult. Too bad all the cards are falling now and there's no one( not even the folks from the Washington election circle where he donated loads of cash) can help.

[coolcoinz]

Imagine if the guy gets 10 years. It's going to be hard going from eating shrimps, being interviewed as the most generous CEO in the world and fucking your roommates into a reality where you eat "mack" and ramen noodles, and being interviewed by a warden. Well, at least he'll still be able to fuck his roomcellmates.
If he gets lucky he won't need any reconstructive surgery when he gets out and has a a small fortune in FTT tokens stashed somewhere. Oh, wait...

[o48o]

Yeah Do Kwon is the elephant in the room. Have you noticed since SBF's collapse of FTX occurred there has been little to no news about Do Kwon? I'd say he was definitely the domino that brought the crypto industry to its knees followed by other exchanges that had an interest in Do Kwon's LUNA. SBF was merely the second domino to fall. Will Binance and Tether be the next to fall? Your thoughts?

Well i thought next one would be crypto.com but seems like they'll be fine. Binance or tether collapsing would take us somewhere so deep i wouldn't gold anything but maybe short positions. I've thought that i should keep money in somewhere with good shorting options for just in case. Because even If only binance would fail there's no crypto i would want to hold for least a year.

[franky1]

prompt extradition?
last i checked he has to stay until february at the earliest
yet i can buy a ticket and be in america by this weekend

[PrimeNumber7]

"Just hours after refusing to attend a Senate hearing on his role in the collapse of FTX, Sam Bankman-Fried has been arrested by The Royal Bahamian Police Force, according to a statement from the Attorney General of The Bahamas Sen. Ryan Pinder KC."

This is false. SBF had agreed to testify before congress and was set to testify hours before his arrest.

The fact that his arrest effectively prevented his testimony makes it appear that corruption in the doj was involved in the timing of his arrest. It appeared that SBF was not taking legal advice from lawyers, and he would likely have incriminated himself while testifying. 

[tvbcof]

My guess is that he will get convicted and sentenced, then have a tragic heart attack and be cremated the next day.  Like Ken Lay.

Unlike in Lay's day, SADS is a thing now.  'Expert's say'(tm).  Every woke leftist will truly believe the story, and they'll support censorship for anyone who expresses doubt about it.

[nutildah]

Something is amiss in the assembly line at the Bad Take Factory.

My guess is that he will get convicted and sentenced, then have a tragic heart attack and be cremated the next day.  Like Ken Lay.

Except that's not what happened. He while on vacation, three months before sentencing. He wasn't even cremated the next day -- it was four days later and after an autopsy that found he suffered from coronary artery disease.

https://en.wikipedia.org/wiki/Kenneth_Lay

Surprised you didn't just go with Epstein.

Unlike in Lay's day, SADS is a thing now.  'Expert's say'(tm).  Every woke leftist will truly believe the story, and they'll support censorship for anyone who expresses doubt about it.

What's the point in conjuring such righteous indignation over a story that you personally imagined?

[tvbcof]

True about Ken Lay not being 'sentanced'.  I forgot about how convicted criminals get half a year off to vacation before sentencing if they have enough money.

  https://gatorpress.com/?p=3251

In looking up that article I was reminded that DailyBeast, DailyKos, and a bunch of others that are probably your new woke fodder actually used to be worth skimming from time to time.  They were pretty incredulous about the Ken Lay story too, but that was back in the day.  I'm actually surprised they've not yet 404'd their older worthwhile content, but don't care enough to save it to archive.today or some like site (or local drive).

[cmg777]

True about Ken Lay not being 'sentanced'.  I forgot about how convicted criminals get half a year off to vacation before sentencing if they have enough money.

  https://gatorpress.com/?p=3251

In looking up that article I was reminded that DailyBeast, DailyKos, and a bunch of others that are probably your new woke fodder actually used to be worth skimming from time to time.  They were pretty incredulous about the Ken Lay story too, but that was back in the day.  I'm actually surprised they've not yet 404'd their older worthwhile content, but don't care enough to save it to archive.today or some like site (or local drive).

I've made a poll since this is a contentious topic among the community to gather more thoughts on this topic.

[paxmao]

Well, I'm glad I was wrong. I didn't think he would face any criminal charges.

Read the charges briefly, he's facing up to life in prison but no one is ever sentenced at the top of sentence recommendations. If he is in fact guilty after proper due process, throw the book at him.

Elizabeth Holmes frauded about 700M USD, she got 13 years in prison.

Bernard Lawrence Madoff frauded 65B USD, he got 150 years.

If convicted, what could SBF get for vaporizing 10B USD? Perhaps the rest of his life?

Maybe this was all a charade to appease the public. People would be furious if they let him of the hook but now they'll make all the hearings, committees, maybe a trial... and then let him go. He'll get a long list of sentences but if you sum them all up it's going to be like a million dollar fine, 2 years of house arrest and a lifetime ban on running companies.

I doubt he'll get 10 years but given what he did he should at least get that.

Guy is guilty as sin, to jail with him and throw the key in the sea.  There must be no special treatment for monetary and fiscal offences, it is as bad as stealing and there has to be an exemplary punishment. The gold is so shiny and the money so green that hard punishment may be the only deterrent for the future wannabies.

Biden might not be next, but his day is coming.     

As usual off-topic. You have not been around in the mid-terms have you? Would you like to re-interpret reality for these too?

[BADecker]

...

Biden might not be next, but his day is coming.     

As usual off-topic. You have not been around in the mid-terms have you? Would you like to re-interpret reality for these too?

The reason why they want to extradite him out of the Bahamas so fast is, they are trying to shut him up. His activities in supplying funds to Biden and the Dems didn't simply happen because he loves the Dem Party and what they are doing. Rather, he did it under instructions, and the Dems and Biden need to get him into their direct control before he spills the beans about how they directed his activities.

Sam Bankman-Fried is one of the first dominoes to fall. His failure is just the first. Many in Congress will fall right along with Biden... possibly because of what Sam Bankman-Fried might reveal, if he is allowed the time to talk, and especially if he is allowed to be depositioned.

[o48o]

-cut-
Sam Bankman-Fried is one of the first dominoes to fall.
-cut-

Is the whole world full of dominos waiting to fall on Hillary and Biden or something?

Do you know that there were other people other then Sam as well that were operating FTX and Alameda research. That people have been looking at those transactions and tracing the money all this time. So what in earth could Sam say? That they were sacrificing virgin aliens on their secret Biden sex pool parties? Real world isn't that exciting nor you have any secret information about it.
Sam already said that he messed up and didn't really know what he was doing. It will be hard to prove malevolent intent behind it, although that woudn't make any difference for the outcome.

So maybe get a room with your Kraken already.