Sam Bankman-Fried (SBF) was reportedly “depressed” as he hugged his parents after being denied bail or house arrest. The depressed SBF was sent to an overcrowded hellhole Bahamas jail as prosecutors say he hid $300 million in a Brazilian firm before the collapse of the FTX exchange.
He was arrested in the Bahamas last night on fraud charges at the behest of the US goverrnment. The Securities and Exchange Commission (SEC) charged him with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Prosecutors say he used FTX as a ‘personal piggy bank’ to fund his lavish lifestyle. He also used it to send enormous donations to the Democratic party and President Biden.
According to the SEC: “The complaint further alleges that Bankman-Fried used commingled FTX customers’ funds at Alameda to make undisclosed venture investments, lavish real estate purchases, and large political donations.”
SBF is in the Bahamas Department of Corrections’ notorious Fox Hill Prison until his next court appearance on February 8.
He faces 155 years in prison if convicted of fraud and money laundering. SBF will be a lot more than depressed when he pays for his ill-gotten gains.
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When you steal this kind of money you need a plan that involves a fake suicide and escape to a country without extradition with a new identity. Oh, and the ability to lay low. I actually would believe this guy had no concept of what was going on and he’s a scapegoat who will die in prison!
With WEF/NWO-aligned role models spouting their vaunted superiority over all us deplorable plebes, along with their openly-declared plans to utterly deprive us of our money and possessions, why would this creepy kid NOT believe it is within his jurisdiction to also embezzle everything he can from those who (so foolishly) placed their finances in his hands? He obediently followed the example (orders?) of our nation’s, and this world’s, mind-bogglingly corrupt government(s).
And now, they’re all too happy to throw their ugly little scapegoat under the bus. He has served their purpose: The money is out of the hands of the “investors” and into the hands of the corrupt. On to the next. After all, should not one success beget another?
Time to pay the piper!