Sam Bankman-Fried Busted In The Bahamas-Very Interesting

Sam Bankman-Fried Busted In The Bahamas-Very Interesting

Sam Bankman-Fried Busted In The Bahamas-Very Interesting

Sam Bankman-Fried was arrested in the Bahamas last evening. If you have to ask “Who is Sam Bankman-Fried?”, check to make sure you are sentient. Sam Bankman-Fried will be referred to as SBF, although he may also be called Mini-Madoff or even Shill Bigger Frauds. SBF was the founder of the recently imploded cryptocurrency exchange FTX. Mini-Madoff was arrested the night before he was due to testify before the House Financial Services Committee, chaired by Auntie Maxine Waters. Yesterday, he announced he will testify virtually. And, then the fun began.

It’s a doggone shame things went pear-shaped after Auntie Maxine sent such a lovely invite to SBF:

That’s why they call her Auntie Maxine, y’all. Speaking of y’all.

What a sad break up, but why? Mr. Sam Bankman-Fried couldn’t keep his pie hole shut. The first rule of the street is keep your mouth shut and lay low, or so I have been told. Nearly two weeks ago, SBF lied his way through an interview as Nina told you. Read her post here.

Then yesterday, SBF did another in a string of interviews and Holee Shite what a schedule:

Disgraced FTX founder Sam Bankman-Fried said Monday he will testify remotely rather than in person before Congress because he’s “quite overbooked” and has security concerns about “paparazzi” if he were to travel to Washington, DC.

Lawmakers on the House Financial Services Committee are preparing to grill Bankman-Fried on Tuesday over the swift collapse of the digital currency exchange that was once worth tens of billions of dollars.

During Monday’s interview with the “Unusual Whales” platform that was conducted on Twitter Spaces, Bankman-Fried confirmed he will testify — but through a Zoom link from his luxury residence in the Bahamas.

Bankman-Fried has been on a whirlwind media tour to defend his actions after FTX filed for bankruptcy on Nov. 11. But when asked why he would not fly in for the House hearing, the crypto huckster said: “I’m quite overbooked.”

I will refrain from saying that I am all out of f*cks, here. But, karma is a beyotch, you know. Shortly before the NY Post shared the above, MSN posted that Bankman-Fried’s former squeeze, Caroline Ellison was in New York and busy herself:

Meanwhile Ellison, the ex-CEO of FTX’s sister hedge fund Alameda Research, reportedly was spotted grabbing coffee at a SoHo eatery in Manhattan last week — and has hired Stephanie Avakian, a partner at white-shoe law firm Wilmer Hale who is the former enforcement division chief at the Securities and Exchange Commission, Bloomberg reported separately.

She who squeals first gets the best deal. Two bad break ups. Once again, I am all out of f*cks. About 7:00 p.m. last night, the news broke that SBF had been arrested in the Bahamas. From the New York Times:

Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges, according to a statement by the government of the Bahamas.

“S.B.F.’s arrest followed receipt of formal notification from the United States that it has filed criminal charges against S.B.F. and is likely to request his extradition,” the statement said.

Mr. Bankman-Fried has been under investigation by the Justice Department over the sudden implosion of FTX, a $32 billion company that filed for bankruptcy on Nov. 11.

Prosecutors for the Southern District of New York confirmed that Mr. Bankman-Fried had been charged and said an indictment would be unsealed on Tuesday. The charges included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, said a person with knowledge of the matter.

Later, Sky New Australia reported that the Bahamian Prime Minister issued a statement:

Here is the statement from the Right Honorable Philip Davis, Prime Minister of the Bahamas:

“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. While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere.”

They can throw Sam Bankman-Fried under the jail for all I care, but Lee Zeldin, who is on the House Financial Services Committee with Auntie Maxine asked a very important question:

The Deep State cannot allow those questions to be asked and remember when Chuck Schumer used the “six ways to Sunday” quote. This is the Deep State protecting its own. If I were Sam Bankman-Fried, I wouldn’t try to buy life insurance or bananas.

Featured Image: Bybit/flickr.com/cropped/Creative Commons

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