Curious development - from CNBC:
FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges
FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire at the heart of the crypto exchange’s collapse.
And excellent timing as:
Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee on Tuesday, but his attorneys told CNBC that he will not testify.
I hope the security on his prison cell is better than that for Epstein and McAffee. It would be nice to have the information about his machinations with the Democrat Party get revealed before he suffered from an untimely Arkancide
The whole operation is a trainwreck - no oversight and what accounting was being done was being done with Quickbooks. Fine for household finances or a small business but for managing a multi-million dollar corporation operating in several jurisdictions? Not suitable at all. Something like SAP would be much better. Interesting times...
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