Day Before Congressional Testimony, Sam Bankman-Fried Arrested in the Bahamas Awaiting Extradition Request from U.S. DOJ

Posted originally on the CTH on December 12, 2022 | Sundance

The timing is transparent, given all of the political donations organized by FTX Cryptocurrency CEO Sam Bankman-Fried for politicians, mostly Democrats, in office.

On the day before he was scheduled to give testimony to congress, a testimony likely to be entertaining with representatives asking specific questions about political contributions by the known fraud MBS to other specific members of congress, the cryptocurrency executive is arrested in the Bahamas.

(Via Daily Mail) – Sam Bankman-Fried, the disgraced former CEO of FTX, has been arrested. 

The crypto billionaire, 30, was arrested in The Bahamas – where he has been hiding out since his $32 billion empire came crashing down last month – and he is now facing criminal charges in the US.

American prosecutors have filed the unspecified charges against the FTX founder, and are ‘likely to request his extradition.’  

In a statement, Bahamian Prime Minister Philip Davis said: ‘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.’  (read more)

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