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

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

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.

The arrest came after the U.S. filed criminal charges against Bankman-Fried. US prosecutors say they’ll unseal an indictment on Tuesday…

USA Damian Williams: 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. We expect to move to unseal the indictment in the morning and will have more to say at that time.

— US Attorney SDNY (@SDNYnews) December 12, 2022

It does make one wonder at the timing, as this happened just a week after Carline Ellison – the former CEO of Alameda Capital – was spotted in NY (not in custody) and had sought council, represented by DC law firm, WilmerHale.

Did his girlfriend throw him under the bus pre-emptively as she saw the ‘Simple Jack’ defense gaining ground?

Furthermore, the statement said that the nation expects the U.S. to request The Bahamas extradite Bankman-Fried in short order.

This should not have come as a total surprise after John Ray, the current FTX CEO, wrote in prepared remarks that FTX had ‘commingled’ funds…

Ok, enough with @SBF_FTX bullshit “i am an idiot too dumb to be a criminal” media world tour. Where is the @TheJusticeDept, where is the @FBI – this is officially a crime as per FTX’s new CEO pic.twitter.com/X2kjs5OjDj

— zerohedge (@zerohedge) December 12, 2022

Presumably this means he will not be attending tomorrow’s Congressional hearing with Maxine Waters.

In his prepared remarks for that hearing, Bankman-Fried offered a blunt assessment of his plight. 

he said in the remarks obtained by Bloomberg News.

Indeed you did young man…

*  *  *

Official Statement below:

Loading…

Leave a Reply

Your email address will not be published. Required fields are marked *