SBF ARRESTED By The Bahamas Police—All Part Of The Plan?

Former FTX C.E.O., Sam Bankman-Fried, was arrested by the Royal Bahamas Police Force on Monday.

Following charges from U.S. authorities and the S.E.C., law enforcement in the Bahamas made the arrest and officials are currently awaiting the green light from the United States to extradite SBF.

Currently, the disgraced C.E.O. is facing charges of fraud; however, the list of charges may grow if the investigation yields evidence of further corruption.

It has been speculated that Bankman-Fried’s empire was at a crossroads between Democrats, the Biden Campaign, and their allies in Ukraine.

FTX is reportedly alleged to have facilitated the laundering of billions of U.S. dollars between these entities, though the connection has been tacitly swept away by the mainstream media.

The United States District Court for the Southern District of New York announced yesterday:

USA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time.

— US Attorney SDNY (@SDNYnews) December 12, 2022

Many others alluded to orchestration or collusion between the political establishment, FTX, and Sam Bankman-Fried.

It is widely known that SBF was set to testify before Congress today; however, his arrest just 1 day before his slated testimony has put an end to those plans…

Now many politicians, financial influencers, and pundits are asking, why? Could this arrest have been planned and staged with the express effort of preventing his congressional testimony?

Many people found the timing suspect:

From a tactical perspective, I don't understand why the U.S. government didn't wait until after @SBF_FTX testified under oath before Congress tomorrow before charging him with a crime. Prosectors actually did #SBF a favor by saving him from himself.

— Peter Schiff (@PeterSchiff) December 13, 2022

Tomorrow, Sam Bankman-Fried was scheduled to testify in front of the House Financial Services Committee. @HouseGOP was ready to grill him six ways to Sunday.

Now breaking tonight, SBF was just arrested!🧐

Why not allow him to 1st testify tomorrow and answer our many questions?

— Lee Zeldin (@RepLeeZeldin) December 13, 2022

CoinDesk noted:

Bankman-Fried was set to testify virtually before the House Financial Services Committee about the exchange’s collapse on Tuesday.

In a statement, committee Chair Maxine Waters said she was “surprised to hear” of the arrest at the U.S. Attorney’s office’s direction.

“It’s about time the process to bring Mr. Bankman-Fried to justice has begun. However, as the public knows, my staff and I have been working diligently for the past month to secure Mr. Bankman-Fried’s testimony before our Committee tomorrow morning,” the California Democrat said.

“We received confirmation this afternoon from Mr. Bankman-Fried and his lawyers that he was still planning to appear before the Committee tomorrow, but then he was arrested.”

SBF “arrested” a day before he’s set to testify before Congress.

This guy will disappear into “WITSEC” and the Democrats he bribed will again get a pass.

Merrick Garland is the filthiest most corrupt AG in American history.

— John Cardillo (@johncardillo) December 13, 2022

Wait does the @SBF_FTX arrest mean he suddenly doesn’t have to testify tomorrow? Cause if that’s true that is shady as fuck

— Dave Portnoy (@stoolpresidente) December 13, 2022

Forkast provided this statement from S.E.C. Chair Gary Gensler in conjunction with the S.E.C. charges:

“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” SEC Chair Gary Gensler said in the statement.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.