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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#321

Post by kelnos »

tomp wrote: post #145
dereg wrote: post #104

Earlier quoted context omitted.

It's clear Caroline Ellison has turned against him. Stephanie Avakian, former SEC enforcement chief, is representing her in NY. I'm guessing they wouldn't have been able to file charges this quickly without Caroline becoming a cooperating witness.

Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.

Depends on what deal she was offered and what she agreed to. If the feds already had a bunch of evidence against her (or believed they soon would), they may have offered a plea deal (less-serious charges, shorter sentence). If they had nothing, but knew she'd have a lot of dirt, they may have offered her immunity. I'm sure the specifics of the deal (if any) will come to light soon enough.

Re: SBF Arrested by Bahamian Authorities

#322

Post by CaliforniaKarl »

sheepscreek wrote: post #307
Animats wrote: post #295

He may never see the world outside of a jail again. Most white-collar criminals are released on bail. But after extradition, it's different.[1] "The Bail Reform Act ... and the attendant presumption in favor of bail for persons facing trial, apply only to criminal defendants and are inapplicable to fugitives facing extradition proceedings. Because of the potential harm to the country's international relations that co…

He is not a fugitive. There was no warrant out for his arrest until now.

Those are, I think, unrelated sentences.

"fugitive" assumes he is/was 'running from the law', which I don't believe he is/was.

> There was no warrant out for his arrest until now.

I think there was, if not in the United States then in the Bahamas. From https://www.wsj.com/articles/ftx-founder-samuel-bankman-frie...:

> FTX founder Sam Bankman-Fried has been arrested in the Bahamas after the U.S. filed criminal charges that it expects to unseal Tuesday morning, the authorities in the two countries said Monday evening.

Re: SBF Arrested by Bahamian Authorities

#323

Post by Alupis »

HDThoreaun wrote: post #265
Alupis wrote: post #56

Earlier quoted context omitted.

No, it says the US is likely to request extradition - but has not yet. SBF was scheduled to appear remotely (Zoom or similar) before congress tomorrow. It also says the US has filed criminal charges, which is the first I'm hearing of this. As an aside - anyone else think it makes congress appear weak to still be allowing people to remotely testify? They supposedly are the most powerful and important legislative body…

> anyone else think it makes congress appear weak to still be allowing people to remotely testify? Not really. Not being compelled to testify against yourself is also one of the most important rights this country has enshrined.

> Not really. Not being compelled to testify against yourself is also one of the most important rights this country has enshrined.

Congress isn't a court, and he was not testifying because congress arrested him or anything - it doesn't work that way.

He was going to testify - and a lot of people testify in front of congress all the time. But you used to have to do it in person until the pandemic. Now that congress is back to in-person session - so should the people who are testifying.

Re: SBF Arrested by Bahamian Authorities

#325

Post by vgatherps »

JumpCrisscross wrote: post #91

SBF's public conduct over the past weeks, and alleged conduct over the past years, reinforces an image of unintelligence. Be it genuine stupidity, stimulants or both, he isn't top-of-the-doghouse material. (Granted, easy to say ex post facto .) The elephants in the room are Binance and Tether, together with certain high-profile investors. Taking some of these out could likely be worth a plea bargain. (For optics, he…

Being intelligent at math is quite different than handling a crisis well. IMO he's spent the last few years with everyone sucking his nuts and going on about how smart he is and it's gotten to his head.

Re: SBF Arrested by Bahamian Authorities

#326

Post by siftrics »

mrhands556 wrote: post #314
siftrics wrote: post #285

Earlier quoted context omitted.

Anonymity is completely separate. Anonymity has nothing to do with the property that you cannot steal on the blockchain. How do you think blockchains even work? Read primary sources before vaguely disagreeing.

I assume you’re saying the way they prevent misuse is because the ledger is public and it’s trackable by anyone who wants to look at the ledger. If I’ve mistaken your argument then please correct me. I’m familiar with blockchain and have contributed to multiple projects in the open source community back when I saw potential and promise in blockchain tech.

Yes, you're mistaken.

If you're the only person with the private key, you're the only person who can move the funds.

It's math. Unless you have a mathematical argument as to how to move funds without the private key, you're ignorant and uninformed.

Re: SBF Arrested by Bahamian Authorities

#327

Post by jrochkind1 »

throw_m239339 wrote: post #23
Forge36 wrote: post #10

Earlier quoted context omitted.

Maybe this was the only way to ensure he testified

> 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.

People in jail and prison testify in court all the time. They are transported to and from the court by guards, have a guard assigned to them in the courtroom, and sometimes testify in prison uniforms etc.

I don't know why a house subpoena would be any different.

If you are out on bail, I have never heard of bail conditions restricting what someone can say, that's not what bail is, I don't think that's even a thing. Judges in the case do sometimes put "gag orders" on the parties involved, but that's not related to bail.

Where are you getting this information?

He's perhaps unlikely to be testifying to the house tomorrow though, when he's been arrested in the bahamas. Probably just as a practical matter he needs to be extradicted to US custody and processed first.

Re: SBF Arrested by Bahamian Authorities

#328

Post by alvah »

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…

Bail is definitely not just a US thing, in fact a quick search brings up details of how bail works in the Bahamas. That said, bail does seem unlikely in this case.

Re: SBF Arrested by Bahamian Authorities

#329

Post by lovehashbrowns »

JumpCrisscross wrote: post #91

SBF's public conduct over the past weeks, and alleged conduct over the past years, reinforces an image of unintelligence. Be it genuine stupidity, stimulants or both, he isn't top-of-the-doghouse material. (Granted, easy to say ex post facto .) The elephants in the room are Binance and Tether, together with certain high-profile investors. Taking some of these out could likely be worth a plea bargain. (For optics, he…

My opinion is that it's all faux stupidity. I think his whole "I really didn't know what was going on" spiel is going to fall apart quickly in court. Anyone with a couple brain cells to rub together would know to shut the hell up. He seems desperate enough to try lying and manipulating his way out of hot water. That's what his whole media tour has been about. He's not giving interviews to people that will give him tough questions and follow up on his responses. He's giving interviews to people that are going to ask "so, what happened?" And follow up his half-baked response with "Wow, you didn't know what was happening, that's wild!"

Re: SBF Arrested by Bahamian Authorities

#330

Post by nightski »

jasonhansel wrote: post #261
johnfn wrote: post #15

Alright, well, now that that's done - let's go find all those people in the past threads who were saying things like SBF will never be arrested.

I remember a lot of people strongly believed that SBF would never get in trouble because he was a Democratic donor, and that this was all part of some vast corruption scandal. It turns out not everything is a conspiracy.

I do find it odd he was arrested the eve before his congressional testimony, something Maxine Waters tried to avoid in the first place.
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