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Or the feds knew he was secretly planning to flee or something else. Hard to tell. Though I do wish he had testified and further incremented himself.
> Though I do wish he had testified and further incremented himself. SBF += 1;
Inevitable, but a lot of talking heads used the delay after FTX's collapse to sow doubt about corruption, media failure, etc. Feds were probably gathering evidence from Day 1, and the restructuring CEO seems to have found it: https://docs.house.gov/meetings/BA/BA00/20221213/115246/HHRG...
FWIW, most of the presige media (NYTimes, WaPo, WSJ) have been running puff pieces which parrot SBF's claims of ignorance without much if any fact checking or investigation.
Much sooner than I expected. Figured it'd be a couple of years before the AG was secure enough in their case to bring charges. This is MUCH faster than Madoff or Holmes. Then again, he's been much more out in the open about everything. He pretty much laid the prosecution's case out to the public for them.
Why did he stay in the bahamas? Was he allowed to travel?
I can't imagine why he wouldn't flee. If i was committing ~9 figures worth of fraud, I would have huge stashes of 1oz gold bars buried in countries without extradition like Vietnam and venezuela. He seems like he had no exit plan thought up. Madoff got 150 years in prison, and i dont see any reason why SBF would get any less.
All North and South American countries do. All Caribbean countries too. Even Cuba.
Parts of Africa and Asia look pretty safe. Madagascar is nice this time of year.
0. https://2009-2017.state.gov/documents/organization/71600.pdf
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Is it a good reason to stay in a country that has an extradition treaty with the US?
The only places safe from US are China, Russia, North Korea, Iran. FTX had a lot of customers in Hong Kong. So where do you go?
Why did he stay in the bahamas? Was he allowed to travel?
I can't imagine why he wouldn't flee. If i was committing ~9 figures worth of fraud, I would have huge stashes of 1oz gold bars buried in countries without extradition like Vietnam and venezuela. He seems like he had no exit plan thought up. Madoff got 150 years in prison, and i dont see any reason why SBF would get any less.
People aren’t cartoon villains, and the speculation about “what I’d do if I were Al Capone” or whatever are just silly fantasy.
This is bank fraud, not a heist, also much different than Madoff.
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SBF literally stole billions from a bank account. Not a very subtle crime.
He commingled bank accounts for two separate companies. It didn’t all go to him buying Lamborghinis
[1] - https://www.forbes.com/sites/mattdurot/2022/11/17/sam-bankma...
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Surely he had enough money to order a private jet or yacht or both.
You still pass through passport control. There was talk that he was followed around everywhere in Bahamas by the police. Like I said, there are ways to keep someone on an island without arresting them. Especially in this case, what was he going to do, sue?
On a boat? Usually not. Most people island hopping in the Caribbean definitely aren't going through any kind of passport controls.
Unless the cops were following him everywhere he went, Bahamas would be one of the easier places to escape.