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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#41

Post by LudwigNagasena »

323 wrote: post #31
mardifoufs wrote: post #7

Why did he stay in the bahamas? Was he allowed to travel?

It's an island. Tough to get off even if not arrested. I'm sure if he tried to get on a plane all kinds of "problems" would have appeared (computer not working, ...) If he tried a boat, "oh look, it's leaking oil, we can't let it leave and pollute the waters". Bahamas will have absolutely not let him get out of their sight. They have so much egg on their face. I can even see the titles if he left "Did he bribed Baham…

Surely he had enough money to order a private jet or yacht or both.

Re: SBF Arrested by Bahamian Authorities

#42

Post by from »

chinathrow wrote: post #21
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.

No, look forward and get Binance and the Tether guys.

What did Binance do wrong again? I don’t consider having faulty blockchain analysis software at a time (2018) when most blockchain analysis software wasn’t very good a crime. And the Iranians they supposedly aided all used VPNs and hid the fact that they were Iranian. I think the best the government will get out of Binance is a DPA but that’s just me.

Re: SBF Arrested by Bahamian Authorities

#44

Post by llanowarelves »

323 wrote: post #22
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.

SBF literally stole billions from a bank account. Not a very subtle crime.

No post body was provided.

Re: SBF Arrested by Bahamian Authorities

#45

Post by beambot »

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.

If Congress issued a subpoena, why would any judge reasonably withhold a willing detainee?

Also, it what universe would bail make sense for such an obvious flight risk?

Re: SBF Arrested by Bahamian Authorities

#47

Post by davidw »

CSMastermind wrote: post #37
throw_m239339 wrote: post #12

Just one day before the hearing at the US house? very interesting. Why not let him talk if he was going to incriminate himself more? Somebody sure didn't want him to talk tomorrow...

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;

Re: SBF Arrested by Bahamian Authorities

#48

Post by pkaye »

throw_m239339 wrote: post #12

Just one day before the hearing at the US house? very interesting. Why not let him talk if he was going to incriminate himself more? Somebody sure didn't want him to talk tomorrow...

Apparently he was not going to testify.

https://www.cnbc.com/2022/12/12/former-ftx-ceo-sam-bankman-f...

Re: SBF Arrested by Bahamian Authorities

#49

Post by jmyeet »

For those saying "what took so long?", this is incredibly quick. It's still quicker than I thought it would be. But it is an open-and-shut case. As soon as you steal custodial assets (meaning customer assets that you'r eholding in trust), it's game over.

Additionally, the US claims jurisdiction on pretty much anything that touches the US financial system. It's how the US can exert pressure on, say, European banks (eg the Swiss settlements for withholding taxes for US citizens).

Given the scale of the fraud (ie $billions), I honestly expect him to spend the rest of his life in prison. It's that large and that egregious. Was it worth it?

I'm curious to find out if Caroline Ellison was (or will be) a cooperating witness in this case as some speculated when she was spotted in a Starbucks recently in Lower Manhattan close to the SDNY office.

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