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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#151

Post by hgdfhgdfhgdf »

object-a wrote: post #102
ravel-bar-foo wrote: post #51

Earlier quoted context omitted.

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.

I'm not sure reporting that Alameda + FTX had little to no financial controls, terrible accounting, and unaccounted for deposits is really puffery, unless you stretch the definition. And I've seen stories about SBF spending FTX money on personal loans and Bahamas real estate all over the legacy media. Even the restructuring CEO couldn't account for all the lost funds until recently

Coindesk said this about The New York Times' interview with SBF after the collapse:

"Yaffe-Bellany says Bankman-Fried stayed on the line for over an hour – and yet there are no direct quotes concerning the conflict of interest between FTX and Alameda, neither a confirmation or denial that SBF illegally commingled funds between the two or further admissions of guilt. There's little sense SBF, who stepped down from the exchange, is taking responsibility for the situation.

But, what, you want SBF to perjure himself? It’s a shame that Yaffe-Bellany wrote about Bankman-Fried’s cryptic Twitter thread, rather than the tweets he has been deleting. It sucks we know nothing more about the Bahamian withdrawals FTX opened, claiming it was at the behest of the island nation’s securities regulator – which the agency debunked."

Re: SBF Arrested by Bahamian Authorities

#152

Post by IncRnd »

paulusthe wrote: post #68
rjbwork wrote: post #4

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.

It's Bahamas, not the US. He could still be prosecuted here for crimes committed here.

The arm of the law is longer than you believe.

Re: SBF Arrested by Bahamian Authorities

#153

Post by noelsusman »

rjbwork wrote: post #4

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.

I imagine SBF constantly confessing crimes into a microphone accelerated the timeline a little bit.

Re: SBF Arrested by Bahamian Authorities

#154

Post by devindotcom »

_jal wrote: post #40
FormerBandmate wrote: post #26

Earlier quoted context omitted.

He commingled bank accounts for two separate companies. It didn’t all go to him buying Lamborghinis

> It didn’t all go to him buying Lamborghinis Beachfront properties, random companies, journalists... but no Lamborghinis. Got it.

Just a note, if it's The Block, he allegedly paid off the CEO, not the journalists who write there. It's a meaningful distinction. The CEO is a business officer, the EIC would be the one directing content.

Re: SBF Arrested by Bahamian Authorities

#155

Post by dmix »

favflam wrote: post #139
aliljet wrote: post #131

Earlier quoted context omitted.

Can you explain what makes this so clear?

1. Someone took a picture of her in a coffee shop down the street from the Manhattan FBI/US attorney office a few weeks ago (last week?). She is supposed to be in Hong Kong as that is where she was based. 2. BBG news article recently speculated some hot-shot lawyers have begun representing Caroline.

She was spotted in NYC with another Alameda employee too.

Maybe the Alameda execs are trying to say they just made irresponsible gambles (like a shitty Wall St investor) but SBF is the one who secretly covered the massive losses with FTX customer assets without telling the public and was responsible for the "dual accounting" issue where deposits were counted twice. Among all the other things that they did wrong.

Or maybe there was a more direct/overt conspiracy at play they both took part in and she snitched first.

The good news is we'll probably find out sooner than expected if the extradition gets challenged in court. We'll see exactly how altruistic SBF really is soon.

Re: SBF Arrested by Bahamian Authorities

#156

Post by bb88 »

kjksf wrote: post #97
throw_m239339 wrote: post #23

Earlier quoted context omitted.

> Maybe this was the only way to ensure he testified Nope, it doesn't make any sense to arrest him if the goal was to force him to testify in front of congress. Once he is placed under arrest then I'm pretty sure the house cannot make him testify if he is in custody, he becomes at the mercy of a judge and I imagine bail conditions will not allow him to talk in public about the case either.

There's no bail here. Bail is a US thing for: when you're arrested and charged with a crime, you're not necessarily going to sit in jail until trial. You are either let go or you pay money (bail) to decrease the chance you'll flee. If you can't pay bail or bail is refused by the judge, you sit in jail. SBF hasn't been charged yet. Bahamas arrested him for the sole purpose of preventing him from fleeing because U.S. i…

The charges have been filed in the US.

Re: SBF Arrested by Bahamian Authorities

#157

Post by lmm »

slimebot80 wrote: post #55

For all the struggles facing the democratic world, it's nice to know there is a stream of justice that prevails. In certain other large counties, this man would either be protected or jailed depending on what party he aligns to. Sure, you can say the same for USA, but with far less immediacy. Over time things tend to sort themselves out.

Tell that to Assange.

Re: SBF Arrested by Bahamian Authorities

#158

Post by soheil »

themitigating wrote: post #114
ravel-bar-foo wrote: post #51

Earlier quoted context omitted.

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.

Can you show an example of one article that is a puff piece?

Oh please, just watch the NYT interview with him. It takes the definition of a puff piece to new heights: https://www.youtube.com/watch?v=IyoGdwVIwWw

Re: SBF Arrested by Bahamian Authorities

#160

Post by ParaLaffer »

throw_m239339 wrote: post #33
jazzyjackson wrote: post #32

Earlier quoted context omitted.

Whatever, he's been talking plenty in Twitter Spaces, pretty much confessing to co-mingling funds.

> Whatever, he's been talking plenty in Twitter Spaces, pretty much confessing to co-mingling funds. None of that was under auth. "the prosecutor: but you said this on Twitter?" "SBF: I was no longer the CEO of FTX and I was just kidding".

Your honor, my client confessed to the murder while in police custody, in fact -- we have it on tape. But we're not allowed to use it since it was not under oath. Shucks.
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