Crypto-con Sam Bankman-Fried arrested on the eve of his testimony before congressional committee


FTX founder Sam Bankman-Fried won’t be appearing in the House Financial Services Committee chaired by Rep. Maxine Waters of California on Tuesday after all.

The cryptocurrency kingpin has been arrested by Bahamian authorities, at the request of the United States Attorney for the Southern District of New York, and will have his first court appearance in Nassau on Tuesday on multiple felony charges.

An extradition and trial in a New York federal court is expected to hold the cryptocurrency scammer accountable for crimes of wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering, according to the New York Times, which has sources close to the matter and which broke the story Monday.

Meanwhile, the indictment against Bankman-Fried, who lost billions of investors’ dollars and gave tens of millions of dollars to Democrat candidates, including Alaska Congresswoman Mary Peltola, political action groups, and news organizations, will be unsealed on Tuesday, said Damian Williams, U.S. Attorney for the Southern District of New York.

Bankman-Fried filed for bankruptcy on behalf of FTX on Nov. 11 as his crypto-kingdom unraveled, and its since become clear that he was running the organization with no accepted financial controls, and was moving funds back and forth between the web of companies he controlled.

Now, the Securities and Exchange Commission also is preparing charges against Bankman-Fried, for “violations of our securities laws, which will be filed publicly tomorrow [Tuesday] in the Southern District of New York,” according to enforcement director Gurbir Grewal.

Bahamian Prime Minister Philip Davis said, “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 United States Attorney’s Office for the Southern District of New York. We expect to move to unseal the indictment in the morning and will have more to say at that time.”

The Bahamas and the United States have a shared interest in “holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law,” he said in his statement.

“While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere,” Davis said.


  1. When you work with the left, get busted and you know too much, you’re not long for this world. Ask Epstein. Oh wait. You can’t.

  2. Good. Not expecting it, but hope he’ll spill big time. Then be tossed under the jail forever.

    His super Ponzi scheme has hurt a lot of people.

  3. Inasmuch as he is headed for detention in New York, one has to wonder about a Jeffrey Epstein scenario for SBF playing out. Big cities in the Northeast are a different kind of environment.

    • For anyone doubting the above observation, isn’t it amazing that a massive evidence warehouse in New York City “accidentally” – I am sure – just burned up? I have no knowledge of any conspiracy but will not be at all surprised by some glitches during the time that SBF is in court.

  4. What is wrong with y’all? If they hadn’t arrested him, Biden and the Dems would be aiding and abetting. SBF gets arrested, and now it’s a conspiracy to shut him up. SBF was a fraud and a crook—he needs to testify and go to jail. What on earth does this have to do with Epstein? Has Q-Anon eaten the last of your functional brain cells or do you hate America so much, you want him to get away with this so you can keep hating on Biden? Wait—let me guess, this never would have happened if Dominion and Venezuela hadn’t stolen the election from Trump. I guess I know where all the meth and fentanyl are going in Alaska now, it just wasn’t the demographic group I expected.

    • MRAKFAN my condolences on your continued TDS. Please get help!
      I agree this guy needs to go to trial AND he should testify in front of the committee. From the reporting, he manipulated the market to enrich himself and in the process wiped out the savings of hard-working people.
      He also embarrassed a number of highranking politicians by playing fast and loose with the rules and making them the beneficiaries of his ill-gotten gains. The optics are not good and the sooner this leaves the spot light the better for them. That’s where we stand and we will see what happens.

    • MRAKFAN, actually SBF was taken into custody for his own safety. In the Bahamas SBF spent a lot of time outside and was deemed vulnerable to attack from either Jewish or Italian space lasers.

    • “Ya’ll”. Hey that’s real cute and colloquial. Re-read the article. He can’t be forced to testify now that he’s been arrested. But you knew that didn’t you.

  5. Kudos to the US Attorney who went after this punk.

    Wonder if Biden will Pardon this deep pocket funder of all things Democrat.

  6. Peltola–Congresswoman Peltola to us plebeians–I suspect, is astute enough to donate the money that she received from “Crypto Sam” to a charitable cause. The question is will Kleptomaniac Sam’s other beneficiaries do the same? The Congresswoman still has a pile of cash in her war chest so it’s not as if she needs to keep “his” money.

    Will Congresswoman Peltola give “Crypto Sam’s” political contribution to a worthy cause?

    • Edit: First sentence should end with a period.

  7. While it is good that he was arrested, the timing is suspect. Now there will be no public testimony and the public will watch the story die and fade away. The political connections will vanish into thin air. How convenient.

  8. I’m so sick of mainstream media, as well as financial and digital asset media saying that SBF donated to both parties. They are missing the important part of that story: wherein the donations that were supposedly to the Republican party were only for RINOs like Murkowski. I wish someone would let mainstream media know that what SBF called in his own words, “Dark Money Donations” to Republicans were not at all designed to empower the actual real Republican/conservative side of US politics. I also heard a mainstream reporter say that SBF’s Republican dark money went to “some senator” in Arkansas. They can’t even get the state abbreviations correct.

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