December 13, 2022
Samuel Bankman-Fried, the disgraced former FTX Digital Markets chief executive was arrested In The Bahamas on Monday. This was on the request of US authorities, Damian Williams, the US Attorney for the Southern District of New York, said at his press conference today.
Bankman-Fried, who also prefers the use of the initials, SBF, is currently in Bahamian custody and early reports say that he will remain a guest of his majesty until the end of February at the Bahamas Department of Correctional Services.
Meanwhile, the Securities Exchange Commission is also pursuing charges against SBF. There is no way where he can escape the voluminous amounts of charges. Estimates have it that all in all, SBF is facing 115 years in prison. *Holy shite*
SBF insists that this was just a mistake and that he didn’t know any better, the typical millennial, childish bullshit. Just because you didn’t know it was a crime means that you won’t be held liable for it.
This is the real world here, not Twitter and Facebook. There are real consequences for things of this magnitude and this should serve as a lesson to all of those who have refused to grow up and take matters more seriously in this life.
The US Attorney’s Office also want SBF for violating US campaign finance laws. You see, he was also a huge donor for Democratic politicians in this last election cycle. Will his political friends come to his aid? Probably not. SBF is on his own here. He is truly f*****!