Democrat Megadonor Sam Bankman-Fried Arrested In Bahamas, Faces Criminal Charges In U.S.

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Assessment: On December 12, 2022 Maxine Waters, Chairwoman United States House Committee on Financial Services, could barely contain herself over the millions Democrats were receiving and got caught blowing a kiss …

Former FTX CEO Sam Bankman-Fried was arrested Monday by authorities in the Bahamas because they were notified that the U.S. Department of Justice has filed criminal charges against him and is expected to request extradition.

“On 12 December 2022, the Office of the Attorney General of The Bahamas is announcing the arrest by The Royal Bahamas Police Force of Sam Bankman-Fried (‘SBF’), former CEO of FTX,” the government of the Bahamas said in a statement. “BF’s arrest followed receipt of formal notification from the United States that it has filed criminal charges against BF and is likely to request his extradition.”

“And the truth shall set you free” John 8;32

WASHINGTON, DC - DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States."

“As a result of the notification received and the material provided therewith, it was deemed appropriate for the Attorney General to seek BF’s arrest and hold him in custody pursuant to our nation’s Extradition Act,” the statement continued. “At such time as a formal request for extradition is made, The Bahamas intends to process it promptly, pursuant to Bahamian law and its treaty obligations with the United States.”

Prime Minister Philip Davis said in a statement that the country has a shared interest with the U.S. to hold “accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.”

“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 added.

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