After a prolonged crisis, the former CEO of FTX, Sam Bankman-Fried (SBF) was detained in the Bahamas to testify online in detail on Tuesday before the House Financial Services Committee of the United States (US).
Comment by the US Attorney for the Southern District of New York (SDNY), SBF was detained at the request of the US government following the filing of a sealed indictment by the SDNY.
Among the list of accusations against SBF that will be revealed to the public are money laundering, security fraud as well as communication fraud, conspiracy and not to be forgotten for revealing too many things.
The streak, SBF is expected to face a sentence of 15 years for allegedly being a megalomaniacal sociopath* and bribing the entire Democratic Party.
*Psychological disorders that show symptoms such as delusions of grandeur and obsession with greatness, power or wealth
But there are also lawyers stating that he will serve up to 612,000 years in prison if he follows federal sentencing guidelines while the US may order the Bahamas to detain SBF through the Extradition Act*.
*Action in which one jurisdiction extradites a person accused or convicted of a crime in another jurisdiction
The following arrests were reported shortly after former Alameda Capital CEO Carline Ellison was advised by DC law firm WilmerHale following her arrest in New York City (NYC) last week.
Meanwhile, many individuals expressed their disappointment as the new CEO of FTX, John Ray, most likely will not be able to attend the congressional hearing led by Maxine Waters, where he will answer all questions.
