FTX Founder Sam Bankman-Fried waived an extradition fight and U.S. Marshals flew him from the Bahamas to New York late Wednesday night. Appearing in a Manhattan court today, the judge set bail at $250 million and permits SBF to remain under house arrest at his parent’s California home until trial begins.
Additionally, it was revealed that Carolyn Ellison, 28, the former chief executive of Bankman-Fried’s trading firm, Alameda Research, and Gary Wang, 29, who co-founded FTX, pleaded guilty to charges including wire fraud, securities fraud and commodities fraud. Both are cooperating witnesses with the prosecution against the FTX founder.
New York – The cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said Thursday.
Assistant U.S. Attorney Nicolas Roos said in U.S. District Court in Manhattan that Bankman-Fried, 30, “perpetrated a fraud of epic proportions.” Roos proposed strict bail terms, including a $250 million bond and house arrest at his parents’ home in Palo Alto, California.
An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said.
Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse.
[…] Prosecutors and regulators contend that Bankman-Fried was at the center of several illegal schemes to use customer and investor money for personal gain. He faces the possibility of decades in prison if convicted on all counts.
In a series of interviews before his arrest, Bankman-Fried said he never intended to defraud anyone.
Bankman-Fried is charged with using money, illicitly taken from FTX customers, to enable trades at Alameda, spend lavishly on real estate, and make millions of dollars in campaign contributions to U.S. politicians. (read more)
Mama’s house in California spawned a new, very large, lien.
They could of denied him bail and he still would of agreed to be extradited. No way he would of lasted another week in that hellhole of a prison. You or I, our lives would be over. Him,he will draw this out and be released after being found guilty,pending appeal. He donated to the side where no one gets. Punished. Pray. Pray and help others
Just a guess, but mommy’s house will likely develop a gas leak and blow up prior to this worm being able to disclose his “donations” and other payments to big name politicians.
Yes, and could happen on Christmas day, when nobody is watching the news.
Well, he will be in Commiefornia…not Nashville. Wonder if Taylor will warn him.
Or a Christmas tree could catch fire.
It might be a menorah candle in mommy’s house—if you catch my drift.
Apparently you missed the article showing the special conditions food and treatment he was getting in the infirmary. He was never even in a cell.
Why now?
Who orchestrated the setup?
Only in a world that worships money can this man be considered a criminal.
No real criminals, just lost boys.
True men help, rather than condemn.
If it weren’t for the strip clubs this illusion would be worthless.
I was wondering the same kinds of questions, this article answered some of them…
Just a bit of it:
“…If it isn’t obvious, the FTX/SBF arrest is another case of the latter in what represents a recurring pattern from this criminal federal apparatus. Further examples of this tactic, which entails getting in front of unavoidable circumstances so as to steer them to the best possible landing by only rendering guilty verdicts for process crimes and whereas the severe criminality goes unpunished with impunity, include Kevin Clinesmith, Michael Sussmann and Igor Danchenko courtesy of John Durham.
We find further answers in the jurisdiction of the FTX case with SDNY, which has a rich history of throwing cover to state actors. It’s no different here with SBF.
With answers on the table and SDNY dealing the cards, let’s discuss the underlying premise for the demise of this country where it appears that yet again, a criminal who stole billions from a million stands to skate for lesser crimes…”
//politicalmoonshine.substack.com/p/the-problematic-and-highly-suspicious
Why now?
The midterms are over but the Democrats and the warmongers want to rob us one more time during the lame duck session while we are distracted by a crypto fraud.
I wonder if he’ll be Epstein’ed at his house now or after the trial?
Either way, he should defintely avoid visits from Nancy Pelosi espeically if she has a hammer with her!
I’m kinda wondering whether he’s written the “I am not suicidal” note yet.
Then again, some really annoying old woman with a sour expression and only one shoe would probably sneak into the place, destroy his note, and replace it with an “I cannot bear to go on living” note.
He should be more worried about Hillary Clinton showing up and demanding a cut.
What? Ya think she somehow missed out on this?
Nice find! Thank you
The video is even better.
No wonder he is so popular with the democrats.
OMG! If he had done this in Congress, Nancy could have stuffed the money in his pants!
Can you use money that you stole to pay the bail on charges related to that very theft?
Technically speaking NO! It’s the first rule of bond hearings in Federal Court but SBF like Madoff belongs to a special group in New York City that ordinary laws don’t apply to no matter what the crime.
TUCKER had a guest on tonight who said the was a signature BOND, not BAIL-( No actual money was put up) – but it makes the slimy prosecutors look good.
Think his guest also said it was the arrested guy’s parents simply but a bond up against their home, so agree, no cash at all. Compare that to the people still stuck in J6 prison.
There’s a Code of Silence amongst the swindlers all swindling together. … Epstein was smart and six feet tall. He figured out how to hang himself from a five foot tall bunk-bed. [With the jailhouse guards supposedly watching and checking his jail cell. +It seems as though he was strong enough to wind a sheet tight enough, to leave about a 3/8 inch strangulation mark on his throat.]
Most people don’t realize that if you are determined to do it, you can “hang” yourself even sitting down. It’s a matter of compressing the right blood vessels. Not saying that is what happened with Epstein, but it can be done. A competent medical examiner would know what really happened.
The autopsy picture of Jeffrey Epstein throat shows unusual strangulation ‘hanging’ bruises. … There are sensible discussions about Epstein’s ‘hanging’ because of the narrow marks and their location.
We should pray for a natural peaceful death within God’s Grace.
He didn’t pay anything. Signed his name and was released. The parents put up their equity in their home as collateral. It’s all to make it look as if the prosecutors are going after him. They do not want him talking or testifying.
It’s more pretending by the US of Pretend.
Sam Bankman Freed: How he got out with no cash.
https://rumble.com/v21ywgo-sam-bankman-freed-how-he-got-out-with-no-cash..html
…. and the twelve tribes celebrated led by their leaders, his “academic” (read: political) parents, whom advise and raise millions for Democrats.
I guess the money used to post the bond did not have to be proven legitimate, unlike other large scale financial criminals.
I do not believe he will ever live to see his day in court.
Speaking of movies, who will play Sam Bankman…my bet is on Belushi..oops..dead. That Sanders guy.
It’ll have to be a “tribe” member, no Christians need apply, that’s the rules now.
That’s it! You’re done, SBF. Get ready for your 7-month stretch at Danbury Correctional, after which you can dig out the sequestered several-hundred-million and try your best to lead a quiet normal life.
They got their money and they got their scapegoat. How many things are they going to pull with the diversion? That would be my question!
10% for the BIG Guy. Nice haul, Brandon.
I see another Seth Rich coming here……
No bail money was put forth. This is a ruse by DOJ.
If the guy flees, nobody will pay $250m.
Meanwhile J6 prisoners are languishing in rat infested jails for two years. The blindfold on Lady Justice is slipping.
This may be a dumb question (it’s one of my talents):
Will a list ever be provided of who received donations from the stolen money?
I heard that Mad Maxine was one but haven’t heard anyone discuss any kind of comprehensive list.
FTX was a Money Laundering Operation.
“Bond” isn’t Bail…he defrauded millions of peopole (who were dumb enough to look at this jackass and think he was a financial millionaire) and spent their billions…and he doesn’t have to put up any CASH to get out of jail. And so it begins……..His weird girlfriend and partner in crime diidn;t waste a second turning on him.
imho – as long as he does NOT disclose the list of his donation recipients, he will not do hard time if any at all.
Any thief would gladly use his stolen money to post bail.