* Sam Bankman-Fried was arrested in The Bahamas last night
* He is now facing an indictment federal prosecutors and the SEC
* The SEC charges say he defrauded investors out of $1.8billion by stealing funds
* Bankman-Fried is accused of funneling money from his crypto platform FTX
* His 'victims' would include Tom Brady, Gisele Bündchen and other stars
Now that disgraced financier Sam Bankman-Fried has been charged with defrauding investors out of $1.8billion and is awaiting extradition back to the US from The Bahamas, speculation is turning now to whether or not his CEO ex-girlfriend Caroline Ellison will turn on him or also face charges too.
Bankman-Fried, 30, was arrested in The Bahamas last night at the request of prosecutors from the US Attorney's office in the Southern District of New York. He is now also facing charges from the SEC.
He is accused of stealing the money his investors plugged into FTX - his now defunct crypto trading platform - to cushion his own investment fund, Alameda. He used the money to buy lavish properties in The Bahamas and make political donations that some say went as high as $1billion.
Read more ....
Update #1: Former FTX CEO defrauded crypto investors, SEC alleges (AP)
Update #2: Bankman-Fried charged by SEC, to appear in Bahamas court (Reuters)
WNU Editor: It is about time that the authorities are moving to hold someone responsible for this massive fraud/scam.
7 comments:
I did not know who Fried was or FTX until this broke. After that I sought out some videos of him and watched his mannerisms, speech, body language. both my wife and I were creeped out by him immediately. I think this speaks to the problem. The western world "leaders" were comfortable around him. it further confirms to me that we are being led to chaos through degeneration by immoral clowns and imps.
Ron
FTX was an operation to deprive the middle class investors of their retirement accounts to fund Democrat politicians so they can get elected, amass power, and have a good retirement.
Don't you dare ask for the money back.
Ever!
PSL the middle class will be allowed to retire in SS by the gracious Democrats. That is if there is any money left over after the illegals are housed and fed.
Ron
Thank you for that post. Solidifies/affirms what we suspected alread. Along with epstien and otheres
Convenient that he was picked up right before he was supposed to testify. I think this clown's days are numbered. And it'll be another jail house "suicide". He knows too much about too many high level gov't scumbags.
/just like Jeffrey Epstein.
I blame Noel Coward
Time to hang him out to dry.
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