Been There
Well-known Member
- Location
- Florida
I heard last night that he was arrested and awaiting extradition to the U.S. Many think this will be a slam dunk on a conviction. I disagree.
Sam Bankman-Fried
- Thread starter Been There
- Start date
Been There
Well-known Member
- Location
- Florida
Former FTX CEO Sam Bankman-Fried was arrested Monday in the Bahamas, based on charges filed in the U.S. The federal charges, unsealed Tuesday morning, include multiple counts of wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
(From CBS News.)
(From CBS News.)
CarolfromTX
Senior Member
- Location
- Central Texas
What a snotty little twerp. And what a cheat!! He needs to go away for a long time.
The United States is pursuing criminal charges against SBF individually.
Didn't he file bankruptcy in the US? If he was doing business in the US he probably has to follow US laws for the business done here.
Farrah Nuff
Senior Member
- Location
- East of the sun, West of the moon
rgp
Well-known Member
- Location
- Milford,OH
I don't feel the least bit sorry for those that got duped .... It was pure greed that put them in dire straits . Hope they learned something.
Same was true of the Madoff scandal back in 2009?
Same was true of the Madoff scandal back in 2009?
fuzzybuddy
SF VIP
- Location
- The Sticks, Northeast PA.
I don't think Sam Bankman-Fried "duped" anybody. If someone creates a complicated "currency" that few understand and doesn't exist, but the price went from 0 to $millions overnight. This has all the red flags of a total scam. So, knowing that. if you invest your mom's retirement fund, is that deception?
BTW,
I came up with the way to defrigulate the ionic delta range, hellinated core isotopes, which all nations are intensely working on. And I did it. If you want to get in on making billions, send start up cash to fuzzybuddy@aol.com.
BTW,
I came up with the way to defrigulate the ionic delta range, hellinated core isotopes, which all nations are intensely working on. And I did it. If you want to get in on making billions, send start up cash to fuzzybuddy@aol.com.
Nosy Bee-54
Senior Member
Always nice to have wealthy parents and friends !!!
"A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Friedās camp would not be required to meet the full collateral requirements on the bail.
The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with āconsiderableā assets."
https://www.cnbc.com/2022/12/22/ftx...fried-to-be-released-on-250-million-bail.html
"A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Friedās camp would not be required to meet the full collateral requirements on the bail.
The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with āconsiderableā assets."
https://www.cnbc.com/2022/12/22/ftx...fried-to-be-released-on-250-million-bail.html
SeniorBen
Senior Member
The whole appeal of cryptocurrency is that it's unregulated. Now investors are complaining that they were defrauded and swindled? That's what happens in a free market!
250 MILLION DOLLARS bail. And 'two other individuals'(apparently unnamed) signed/put up assets or cash. I can see family doing all they can for their child but 2 strangers putting up millions signing for a notorious criminal? They want him out for a reason and doubt it's because they think he's innocent.
Been There
Well-known Member
- Location
- Florida
We may never see or hear from him again. On the other hand, many so-called experts think if he goes to trial, he will be found innocent.
rgp
Well-known Member
- Location
- Milford,OH