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Ex-FTX CEO Sam Bankman-Fried says he will testify remotely before House committee
FoxNews.com ^ | 12-12-2022 | Breck Dumas

Posted on 12/12/2022 2:23:38 PM PST by StAnDeliver

Ex-FTX CEO Sam Bankman-Fried says he will testify remotely before House committee
Former crypto exchange leader says he has no plans to appear before the Senate this week

"Sam Bankman-Fried says he will appear before a House Financial Services Committee hearing set for Tuesday, but the former FTX CEO will not be attending in person."

"I'm quite overbooked and was not planning to be testifying until, like, very recently," Bankman-Fried explained, adding that he did not want to leave the Bahamas "from a security standpoint" because currently "the paparazzi effect is quite large" when he tries to venture out.

When asked whether he feared he might be detained if he stepped foot in the U.S., Bankman-Fried said, "I don't believe I would be, but I haven't done a deep dive into that."

Lawmakers are seeking answers from Bankman-Fried as they investigate how his firm lost billions of dollars in investors' funds. FTX filed for Chapter 11 bankruptcy protection last month...

Bankman-Fried has sat for numerous media interviews since FTX fell apart, but has not yet spoken under oath to [US] lawmakers. 

Representative Maxine Waters, a Democrat from California and [soon-to-be-former] chairwoman of the House Financial Services Committee, praised the former CEO for his candor in those public discussions earlier this month and asked for his voluntary participation at Tuesday's hearing.

Waters followed up last week threatening to subpoena Bankman-Fried if he chose not to participate. [Ooops.]



TOPICS: Breaking News; Government; News/Current Events; Politics/Elections
KEYWORDS: alameda; bitcoin; cryptocurrency; democrats; ftx; sambankmanfried; sbf
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1 posted on 12/12/2022 2:23:38 PM PST by StAnDeliver
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To: StAnDeliver

Why
Is
He
Not
In
Jail
Or
Prison
Yet?


2 posted on 12/12/2022 2:25:24 PM PST by cranked
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To: cranked

Because
democrats
Run
Capitol
Hill


3 posted on 12/12/2022 2:27:59 PM PST by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: StAnDeliver

If the democrats allow this, then we know the dems don’t plan to throw him in jail and that will be his reward for all the money he stole and gave to the dems.


4 posted on 12/12/2022 2:34:30 PM PST by I want the USA back (Our news media isn't worth camel spit. Neither is the democrat party. )
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To: StAnDeliver

Why doesnt he want to be on US soil?


5 posted on 12/12/2022 2:36:54 PM PST by Jonty30 (You can't spell liberal without the a-hole. )
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To: I want the USA back

I guess he knows he cannot be arrested outside the country by phone.


6 posted on 12/12/2022 2:37:52 PM PST by Mouton (The enemy of the people is the media )
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To: cranked
Why Is He Not In Jail Or Prison Yet?

Because he's in the Bahamas.

7 posted on 12/12/2022 2:40:43 PM PST by Lonesome in Massachussets (Forsan et haec olim meminisse iuvabit.)
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To: Lonesome in Massachussets

Dude, you are on the wrong site.
Seriously.

The door for DU rejects is down the hallway and to the Left.


8 posted on 12/12/2022 2:42:10 PM PST by cranked
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To: Jonty30

Self preservation. He knows entirely too much about Washington/ democrat money laundering, and he’s probably all too aware of poor Mr. Epstein’s tragic tale.


9 posted on 12/12/2022 2:44:03 PM PST by Rlsau1
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To: cranked
"Why Is He Not In Jail Or Prison Yet?"

That is THE question, right?

To quote Rick James, "Methamphetamine analogs are a hell of a drug."

SBF should be renditioned, and his confession livestreamed. Save a LOT of trouble.

His tulip market implosion is about to bring down Genesis, Gemini, maybe Coinbase itself:

"In response to Genesis suspending withdrawals, Gemini halted redemptions from its Earn product. That left in limbo a program that, according to a person familiar with the matter, has $700 million of customer money tied up in it."

Nearly a billion wiped from, not speculators, but people who used the Earn app as a referral product.

I said there would be another Mt. Gox, and that the new Mt. Gox would come from within, and I was right.

10 posted on 12/12/2022 2:45:11 PM PST by StAnDeliver (Tanned, rested, and ready.)
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To: Jonty30

He is a lawless Democrat. They lie, cheat and steal. It is just what they do.

Picture Hillary’s fat mug and tell me the system isn’t corrupt.


11 posted on 12/12/2022 2:46:01 PM PST by Kaiser8408a (z)
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To: Jonty30

He is a lawless Democrat. They lie, cheat and steal. It is just what they do.

Picture Hillary’s fat mug and tell me the system isn’t corrupt.


12 posted on 12/12/2022 2:46:02 PM PST by Kaiser8408a (z)
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To: SunkenCiv

Are you keeping an aggregator on SBF/FTX/Alameda, and if you are, would you kindly link-dump here in this thread? Thanks.


13 posted on 12/12/2022 2:46:20 PM PST by StAnDeliver (Tanned, rested, and ready.)
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To: StAnDeliver

He did not want to leave the Bahamas “from a security standpoint”

Security Standpoint = Arrested


14 posted on 12/12/2022 2:47:56 PM PST by Vaduz (LAWYERS )
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To: All

Well that’s nice of him


15 posted on 12/12/2022 2:48:17 PM PST by escapefromboston (Free Chauvin)
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To: StAnDeliver

Nope, but I’ve helped with the kw’s.

https://freerepublic.com/tag/sambankmanfried/index


16 posted on 12/12/2022 2:50:35 PM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Jonty30
"Why doesnt he want to be on US soil?"

I'll let Bobcat answer for me...


17 posted on 12/12/2022 2:52:40 PM PST by StAnDeliver (Tanned, rested, and ready.)
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To: StAnDeliver

Netanyahu has a crew that is successful in “special” extraditions.


18 posted on 12/12/2022 2:53:28 PM PST by ryderann
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To: StAnDeliver

Subpoena him and his nerdy little girlfriend.


19 posted on 12/12/2022 2:54:27 PM PST by jimwatx
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To: SunkenCiv
"Nope, but I’ve helped with the kw’s."

Thank you, SC!

20 posted on 12/12/2022 3:04:04 PM PST by StAnDeliver (Tanned, rested, and ready.)
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