- String Nutts
- 12-12-2022, 06:06 PM
Well, it seems like testifying before Congress is now the least of SBF's worries.
- The_Waco_Kid
- 12-12-2022, 06:59 PM
in other news ..
FTX founder Sam Bankman-Fried arrested in Bahamas
https://www.yahoo.com/finance/news/f...001141970.html
bahahahahaaaaa
word is that Sammy was waffling on testifying in person citing some noise about "travel availability" so the US had him arrested. that'll solve his travel "problems". he should have been arrested 2 weeks ago when this happened. he's a flight risk. the Bahamas has an extradition agreement with the US. he was operating in the Bahamas to avoid US regulations. shoulda bolted to a country that does not have an extradition agreement! oops!
David Hollerith·Senior Reporter
Mon, December 12, 2022 at 6:11 PM
Bahamian authorities arrested former FTX founder and CEO Sam Bankman-Fried Monday evening.
The development comes the day before Bankman-Fried had agreed to testify before the U.S. House Financial Services Committee regarding the collapse of his Nassau-based exchange.
According to a statement shared by the Bahamian Office of the Attorney General & Ministry of Legal Affairs, the Royal Bahamas Police detained Bankman-Fried following receipt of formal notification from the United States it has filed criminal charges against the fallen crypto billionaire.
The Attorney General said it will hold Bankman-Fried in custody pursuant with the Bahamas' extradition treaty. The U.S government's extradition treaty with the Bahamas lets the U.S. extradite defendants for charges involving offenses that are crimes in both countries.
"Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY," Damian Williams, U.S. Attorney for the Souther District of New York said in a statement. "We expect to move to unseal the indictment in the morning and will have more to say at that time."
"The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law," Bahamas Prime Minister Philip Davis said in a statement.
"While the United States is pursuing its own criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the FTX collapse, with continued cooperations of its law enforcement and regulatory partners in the United States and elsewhere."
Andrew Ross Sorkin speaks with FTX founder Sam Bankman-Fried during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. (Photo by Michael M. Santiago/Getty Images)
FTX founder Sam Bankman-Fried arrested in Bahamas
https://www.yahoo.com/finance/news/f...001141970.html
bahahahahaaaaa
word is that Sammy was waffling on testifying in person citing some noise about "travel availability" so the US had him arrested. that'll solve his travel "problems". he should have been arrested 2 weeks ago when this happened. he's a flight risk. the Bahamas has an extradition agreement with the US. he was operating in the Bahamas to avoid US regulations. shoulda bolted to a country that does not have an extradition agreement! oops!
David Hollerith·Senior Reporter
Mon, December 12, 2022 at 6:11 PM
Bahamian authorities arrested former FTX founder and CEO Sam Bankman-Fried Monday evening.
The development comes the day before Bankman-Fried had agreed to testify before the U.S. House Financial Services Committee regarding the collapse of his Nassau-based exchange.
According to a statement shared by the Bahamian Office of the Attorney General & Ministry of Legal Affairs, the Royal Bahamas Police detained Bankman-Fried following receipt of formal notification from the United States it has filed criminal charges against the fallen crypto billionaire.
The Attorney General said it will hold Bankman-Fried in custody pursuant with the Bahamas' extradition treaty. The U.S government's extradition treaty with the Bahamas lets the U.S. extradite defendants for charges involving offenses that are crimes in both countries.
"Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY," Damian Williams, U.S. Attorney for the Souther District of New York said in a statement. "We expect to move to unseal the indictment in the morning and will have more to say at that time."
"The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law," Bahamas Prime Minister Philip Davis said in a statement.
"While the United States is pursuing its own criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the FTX collapse, with continued cooperations of its law enforcement and regulatory partners in the United States and elsewhere."
Andrew Ross Sorkin speaks with FTX founder Sam Bankman-Fried during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. (Photo by Michael M. Santiago/Getty Images)
- berryberry
- 12-12-2022, 11:38 PM
So to recap:
* Sam Bankman-Fried stole billions.
* He was one of the Democrats’ top donors.
* House Democrats pretended they’d hold a hearing tomorrow.
* They didn’t even subpoena him.
* Instead, he said he would use Zoom to connect to the hearing (LOL).
* Realizing he was going to spill the beans, the Biden DOJ had him arrested BEFORE he could talk
How convenient
* Sam Bankman-Fried stole billions.
* He was one of the Democrats’ top donors.
* House Democrats pretended they’d hold a hearing tomorrow.
* They didn’t even subpoena him.
* Instead, he said he would use Zoom to connect to the hearing (LOL).
* Realizing he was going to spill the beans, the Biden DOJ had him arrested BEFORE he could talk
How convenient
- berryberry
- 12-12-2022, 11:40 PM
So to recap:Rep. Zeldin asking what a lot of people are asking tonight. SBF was going to say a lot of things under oath tomorrow. Why arrest him right beforehand? Why not have the under-oath record that would have been created?
* Sam Bankman-Fried stole billions.
* He was one of the Democrats’ top donors.
* House Democrats pretended they’d hold a hearing tomorrow.
* They didn’t even subpoena him.
* Instead, he said he would use Zoom to connect to the hearing (LOL).
* Realizing he was going to spill the beans, the Biden DOJ had him arrested BEFORE he could talk
How convenient Originally Posted by berryberry
Lee Zeldin: Tomorrow, Sam Bankman-Fried was scheduled to testify in front of the House Financial Services Committee. House GOP was ready to grill him six ways to Sunday.
Now breaking tonight, SBF was just arrested!
Why not allow him to 1st testify tomorrow and answer our many questions?
Any prosecutor will tell you this doesn’t make much sense. You want him to talk…
What are Senile Biden and the Dem's afraid of?
- String Nutts
- 12-13-2022, 10:53 AM
- berryberry
- 12-13-2022, 03:11 PM
Ahhh:
BREAKING REPORT: Any Mention of the AMOUNT OF DONATIONS FTX made to Politicians – SCRUBBED from SEC’s Indictment of FTX’s Sam Bankman-Freid...
BREAKING REPORT: Any Mention of the AMOUNT OF DONATIONS FTX made to Politicians – SCRUBBED from SEC’s Indictment of FTX’s Sam Bankman-Freid...
- berryberry
- 12-13-2022, 03:22 PM
The coverup by the DOJ for the Dem's - there are no coincidences in politics
By Jonathon Turley:
Justice Department Faces Questions After Effectively Preventing Bankman-Fried From Testifying In Congress
The arrest of Sam Bankman-Fried yesterday was sudden and unexpected in light of Bankman-Fried’s plan to testify before Congress. As a criminal defense attorney, my reaction to the arrest last night remains unchanged: this is the first time that I can recall where prosecutors moved aggressively to stop a defendant from making self-incriminating statements.
His testimony would have been entirely admissible and likely devastating at trial.
I previously wrote how Bankman-Fried was doing harm to his case by speaking in the media and to Congress. So why would the Justice Department move to stop the self-inflicted damage? You have a major target who was about to voluntarily testify for hours.
That is ordinarily a dream for prosecutors, but the Justice Department moved quickly to prevent that from happening. At that stage, Bankman-Fried was not charged or in custody. He was not protected by Miranda or other constitutional rules from self-incriminating statements.
Indeed, some of us had already warned that he was causing himself considerable damage in making such statements. This was a defendant with a large legal team facing possible criminal charges who seemed eager to speak about his actions and motivations. Most prosecutors would sit back, make popcorn, and watch this unfold.
The curious move led many to question whether the Biden Administration was eager to prevent questions on Bankman-Fried’s political contributions and associations. He was the second highest donor to Democratic causes in the last election cycle. His mother, a law professor at Stanford also heads a major Democratic campaign fund.
It is also possible that the Justice Department simply wanted to show the public that it was moving aggressively despite his close Democratic ties.
It may have secured sufficient evidence (including possible cooperating witnesses) to satisfy the basis for charges and an extradition request.
Yet, that still does not explain why the Justice Department would not want to hear a full account from Bankman-Fried before effectively shutting him down as a criminal defendant. This is the first time that I can recall where the prosecutors, rather than defense counsel, moved effectively to muzzle a defendant.
Whatever the motivation, the timing of the charges effectively stopped the windfall of information coming from Bankman-Fried.
Bankman-Fried is accused of diverting customer funds from the start of his cryptocurrency exchange to support his hedge fund, Alameda Research. He is also accused of using his fraudulent practices to fund a lavish lifestyle, buy real estate, make venture investments, and fund Democratic causes. The range of charges includes with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering.
The details of those transactions might have been voluntarily disclosed under intense cross examination if the Administration allowed him to appear as a witness. Moreover, Bankman-Fried was already causing himself considerable harm in media interviews.
Bankman-Fried’s parents have left Stanford and are reportedly in the Bahamas with their son. They could themselves face questions. His father, Joseph Bankman, is a tax professor and was a paid employee of his son’s company. His mother reportedly worked with him on some of these massive donations to Democrats.
The parents are reportedly now concerns that the legal costs in the case could “wipe them out.”
Bankman-Fried has admitted that only a few hours of efforts a day might have avoided these losses. It sounds like a true Millennial “my bad” defense. That will not fly in court and building on that defense might have sealed his fate.
The question is why the Justice Department moved to stop Bankman-Fried as he worked so hard to make the criminal case against himself. He comes across badly in these past interviews like a trophy-laden millennial who believes that he just needs to play to win. It is not quite that easy in a criminal case.
If he testified, Bankman-Fried could not only have made any criminal defense more difficult but he could have potentially tripped the wire for allegedly false or misleading statements under oath. It was a target-rich environment for Congress — and a potential bonanza for prosecutors.
Bankman-Fried was in a dangerous free fall. Despite his legal team, Bankman-Fried seemed to be praying for someone to “stop me before I speak again.” Someone just did.
The Biden Administration’s move seemed to bring a more positive meaning to what Ronald Reagan said were “the top 9 most terrifying words in the English Language are: I’m from the government, and I’m here to help.”
https://www.zerohedge.com/political/...ied-testifying
By Jonathon Turley:
Justice Department Faces Questions After Effectively Preventing Bankman-Fried From Testifying In Congress
The arrest of Sam Bankman-Fried yesterday was sudden and unexpected in light of Bankman-Fried’s plan to testify before Congress. As a criminal defense attorney, my reaction to the arrest last night remains unchanged: this is the first time that I can recall where prosecutors moved aggressively to stop a defendant from making self-incriminating statements.
His testimony would have been entirely admissible and likely devastating at trial.
I previously wrote how Bankman-Fried was doing harm to his case by speaking in the media and to Congress. So why would the Justice Department move to stop the self-inflicted damage? You have a major target who was about to voluntarily testify for hours.
That is ordinarily a dream for prosecutors, but the Justice Department moved quickly to prevent that from happening. At that stage, Bankman-Fried was not charged or in custody. He was not protected by Miranda or other constitutional rules from self-incriminating statements.
Indeed, some of us had already warned that he was causing himself considerable damage in making such statements. This was a defendant with a large legal team facing possible criminal charges who seemed eager to speak about his actions and motivations. Most prosecutors would sit back, make popcorn, and watch this unfold.
The curious move led many to question whether the Biden Administration was eager to prevent questions on Bankman-Fried’s political contributions and associations. He was the second highest donor to Democratic causes in the last election cycle. His mother, a law professor at Stanford also heads a major Democratic campaign fund.
It is also possible that the Justice Department simply wanted to show the public that it was moving aggressively despite his close Democratic ties.
It may have secured sufficient evidence (including possible cooperating witnesses) to satisfy the basis for charges and an extradition request.
Yet, that still does not explain why the Justice Department would not want to hear a full account from Bankman-Fried before effectively shutting him down as a criminal defendant. This is the first time that I can recall where the prosecutors, rather than defense counsel, moved effectively to muzzle a defendant.
Whatever the motivation, the timing of the charges effectively stopped the windfall of information coming from Bankman-Fried.
Bankman-Fried is accused of diverting customer funds from the start of his cryptocurrency exchange to support his hedge fund, Alameda Research. He is also accused of using his fraudulent practices to fund a lavish lifestyle, buy real estate, make venture investments, and fund Democratic causes. The range of charges includes with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering.
The details of those transactions might have been voluntarily disclosed under intense cross examination if the Administration allowed him to appear as a witness. Moreover, Bankman-Fried was already causing himself considerable harm in media interviews.
Bankman-Fried’s parents have left Stanford and are reportedly in the Bahamas with their son. They could themselves face questions. His father, Joseph Bankman, is a tax professor and was a paid employee of his son’s company. His mother reportedly worked with him on some of these massive donations to Democrats.
The parents are reportedly now concerns that the legal costs in the case could “wipe them out.”
Bankman-Fried has admitted that only a few hours of efforts a day might have avoided these losses. It sounds like a true Millennial “my bad” defense. That will not fly in court and building on that defense might have sealed his fate.
The question is why the Justice Department moved to stop Bankman-Fried as he worked so hard to make the criminal case against himself. He comes across badly in these past interviews like a trophy-laden millennial who believes that he just needs to play to win. It is not quite that easy in a criminal case.
If he testified, Bankman-Fried could not only have made any criminal defense more difficult but he could have potentially tripped the wire for allegedly false or misleading statements under oath. It was a target-rich environment for Congress — and a potential bonanza for prosecutors.
Bankman-Fried was in a dangerous free fall. Despite his legal team, Bankman-Fried seemed to be praying for someone to “stop me before I speak again.” Someone just did.
The Biden Administration’s move seemed to bring a more positive meaning to what Ronald Reagan said were “the top 9 most terrifying words in the English Language are: I’m from the government, and I’m here to help.”
https://www.zerohedge.com/political/...ied-testifying
- berryberry
- 12-13-2022, 04:08 PM
BREAKING: The House Committee received a copy of FTX's Sam Bankman-Fried's testimony PRIOR to his arrest. Could that testimony be the reason why he wasn't allowed to testify and instead arrested?
BREAKING: U.S. prosecutors say FTX founder Sam Bankman-Fried made illegal campaign donations totaling in the ‘tens of millions of dollars’
BREAKING: U.S. prosecutors say FTX founder Sam Bankman-Fried made illegal campaign donations totaling in the ‘tens of millions of dollars’
- berryberry
- 12-14-2022, 12:05 PM
Love the NY Post
- berryberry
- 12-15-2022, 12:47 AM
SBF’s texts with Lib politicians and donors is second only to Epstein’s Black Book.
Which is why we’ll never see either and none of these politicians will ever face justice.
Which is why we’ll never see either and none of these politicians will ever face justice.
- The_Waco_Kid
- 12-15-2022, 01:16 AM
- berryberry
- 12-30-2022, 12:22 AM
JUST IN:
Sam Bankman-Fried of FTX, held at least four meetings with White House staff this year before FTX collapsed, according to Bloomberg
Sam Bankman-Fried of FTX, held at least four meetings with White House staff this year before FTX collapsed, according to Bloomberg
- berryberry
- 12-30-2022, 11:50 PM
Sam Bankman-Fried had 4 White House meetings in 2022—as recently as Sept 8
Disgraced FTX CEO Sam Bankman-Fried had four separate meetings throughout the year at the White House with Biden officials.
The most recent of these meetings, with senior White House adviser Steve Ricchetti, took place on September 8, around two months before the cryptocurrency mogul's FTX empire began to unravel, Bloomberg reported.
At least three other meetings took place earlier in the year, two of them also with Ricchetti, on April 22 and May 12, and another with senior Biden aide Bruce Reed on May 13.
His brother, Gabriel Bankman-Fried, is also recorded as having taken a meeting of his own at the White House in March, an indication of how deep the ties were between the now-bankrupt cryptocurrency exchange and the Biden administration.
https://thepostmillennial.com/sam-ba...campaign=64483
Disgraced FTX CEO Sam Bankman-Fried had four separate meetings throughout the year at the White House with Biden officials.
The most recent of these meetings, with senior White House adviser Steve Ricchetti, took place on September 8, around two months before the cryptocurrency mogul's FTX empire began to unravel, Bloomberg reported.
At least three other meetings took place earlier in the year, two of them also with Ricchetti, on April 22 and May 12, and another with senior Biden aide Bruce Reed on May 13.
His brother, Gabriel Bankman-Fried, is also recorded as having taken a meeting of his own at the White House in March, an indication of how deep the ties were between the now-bankrupt cryptocurrency exchange and the Biden administration.
https://thepostmillennial.com/sam-ba...campaign=64483
- DrivesAllDay
- 12-31-2022, 12:33 AM
I read about the Bahamanian prison he was at. I can see why he'd prefer to be jailed in the USA. Less chance of dying. More likely to get fed on a regular basis without having to eat rats & roaches too. It's also known for torture, beatings, etc. Sounds like we should have kept him there. I'm surprised the current regime even let him come back.