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.]
On Friday, 12/2/22 healthcare tech startup CEO Will Mandis tweeted: “SBF donating $40m to not go to jail for stealing $10b+ is one of the highest ROI trades of all time.”
Why Is He Not In Jail Or Prison Yet?
because he bribed many politicians
Bahama arrested Sam
I just heard he’s been arrested and will not be testifying in front of Congress. How convenient for the democrats he may have dropped some dimes on.
Everything rigged compliments of the DOJ, Joe Biden and Merrick Garland.
No, after his arrest, he will be in person... in an orange jumpsuit and shackles.
Well played, corrupt DoJ! He’s been arrested so he cannot testify in front of Congress. If his media interviews were any indication, he would have performed an unnatural act on himself in front of the whole world. Now he’s muzzled.
Why Is He Not In Jail Or Prison Yet?
Because he’s in the Bahamas.
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You were saying?
ARRESTED!
He wont be testifying in front of Congress...now that he is arrested...IMHO
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