Grand juries ultimately have the power to indict most white collar crimes. Grand juries also do not have to reveal publicly who they are investigating or inform the person they are investigating. They have significantly more powers than the prosecutor. It's easier to investigate while in the Grand jury stage, once they indict/arrest him, the Grand jury can't investigate any more. It's a tactical advantage for the prosecution to continue investigating through the Grand jury and nor arrest him, especially when SBF publicly says dumb things all the time.
He is protected.
This is not about building a case.
Look at this, you whackoola. The Feds went out of their way to bust SBF. Built a case in weeks, rather than years and months it usually takes.
"US prosecutors usually grind away in obscurity for months or years before unveiling a criminal indictment. Their case against FTX founder Sam Bankman-Fried came together in a matter of weeks."
(Bloomberg) -- US prosecutors usually grind away in obscurity for months or years before unveiling a criminal indictment. Their case against FTX founder Sam Bankman-Fried came together in a matter of weeks.Most Read from Bloo...
This is not to pick on him, but I think he feels bad now because he knows he was fooled. Many other millions were fooled too. But maybe he will double down and “buy the dip” put in more Fiat to provide more liquidity they are in desperate need of.
Actor Ben McKenzie testifies before the Senate on the dangers and pitfalls of cryptocurrency in the aftermath of the FTX collapse.Never miss a deal again! Se...
Like the leftist pedophiles who are untouchable, he is not in prison.
Agreed. "Funny MMA" (funny MMA pictures and memes) on FB had child porn on their site for a minute. They're on FB (below). Someone on Reddit's reporting them, but not optimistic they'll face trouble if Funny MMA is Left.
This guy stole billions and was the #2 donor to Democrats in the 2022 elections behind George Soros.
No chance in hell they would let this guy testify. They had to arrest him to keep him quiet.
Now they'll either threaten him so thoroughly he'll stick to the script or he'll be Jeffrey Epstein'd before any trial happens.
Extradited. He's back in the US. Electronic ankle bracelet like a monkey, house arrest, his parent's entire net worth and whatever money he still has for bail. He's going to sit where he is in his parents' basement, until he pleads guilty to various financial crimes and is sentenced to 15-20 years in a medium security federal prison.
Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, appeared in a US courtroom in New York Thursday to face eight counts of fraud and conspiracy. A judge released him on a $250 million bond in his first appearanc...
All cryptocurrencies outstanding have an alleged notional value of about $850 billion, if there's 15% real dollars floating attached to those tokens then that's maybe $127b.
Or basically the market cap of a small consumer cyclical company. Crypto just doesn't matter to markets.
I know he was the second highest contributor to the Democratic Party, but certainly there are Democrats that have been financially crippled by this guy and should demand his arrest. No?
I'll tell you why. Because he has already been arrested---so STFU!!!!!!!!!!!
Hey Genius, if you notice the date of the original post you might (although I'm not sure) see it was long before he was arrested.
Completely noticed and intentionally answered the way I did because I was trying to over emphasize that it was way too soon to be asking the questions he was asking. Thank you for noticing, I hope the original poster did as well.
This guy stole billions and was the #2 donor to Democrats in the 2022 elections behind George Soros.
No chance in hell they would let this guy testify. They had to arrest him to keep him quiet.
Now they'll either threaten him so thoroughly he'll stick to the script or he'll be Jeffrey Epstein'd before any trial happens.
Extradited. He's back in the US. Electronic ankle bracelet like a monkey, house arrest, his parent's entire net worth and whatever money he still has for bail. He's going to sit where he is in his parents' basement, until he pleads guilty to various financial crimes and is sentenced to 15-20 years in a medium security federal prison.
The release this week of Sam Bankman-Fried, the disgraced cryptocurrency executive, from federal custody on a $250 million bond has raised questions about the federal bail process and why such a high-profile defendant was allowed to go free. The bond essentially amounts to a promise to appear in court when required; it does not compel Mr. Bankman-Fried, who is charged with numerous crimes related to his handling of the cryptocurrency exchange he founded, to pay $250 million. No money has changed hands and none will unless Mr. Bankman-Fried fails to show up for court or is found to have violated other conditions set by the judge. In that case, his parents’ house in Palo Alto, Calif., which was used to secure the bond, could be seized by the government. The four people who are to co-sign the bond, including one nonfamily member, would be on the hook for the rest of the $250 million.
The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. See related article: British Columbia...
The release this week of Sam Bankman-Fried, the disgraced cryptocurrency executive, from federal custody on a $250 million bond has raised questions about the federal bail process and why such a high-profile defendant was allowed to go free. The bond essentially amounts to a promise to appear in court when required; it does not compel Mr. Bankman-Fried, who is charged with numerous crimes related to his handling of the cryptocurrency exchange he founded, to pay $250 million. No money has changed hands and none will unless Mr. Bankman-Fried fails to show up for court or is found to have violated other conditions set by the judge. In that case, his parents’ house in Palo Alto, Calif., which was used to secure the bond, could be seized by the government. The four people who are to co-sign the bond, including one nonfamily member, would be on the hook for the rest of the $250 million.
So nobody put up a dime!
Is this typical.
I don't believe so.
The NYT is just playing ignorant ("raised questions about the federal bail process") about bail in America, probably to set up a later troll article claiming the bail system is racist.
You, on the other hand, are just ignorant.
The bail system worked exactly as it always does for SBF. His parents (and some others) put up a LOT more than a dime - their $$$$$ house (which will be seized if SBF fails to show up).
SBF has the highest recorded bail in American history. The federal government charged him with 8 felonies, including wore fraud, securities fraud, and money laundering. He should try to enjoy his current electronically monitored and geographically restricted existence as much as he can, because very soon he is going to federal prison for MANY years.
The release this week of Sam Bankman-Fried, the disgraced cryptocurrency executive, from federal custody on a $250 million bond has raised questions about the federal bail process and why such a high-profile defendant was allowed to go free. The bond essentially amounts to a promise to appear in court when required; it does not compel Mr. Bankman-Fried, who is charged with numerous crimes related to his handling of the cryptocurrency exchange he founded, to pay $250 million. No money has changed hands and none will unless Mr. Bankman-Fried fails to show up for court or is found to have violated other conditions set by the judge. In that case, his parents’ house in Palo Alto, Calif., which was used to secure the bond, could be seized by the government. The four people who are to co-sign the bond, including one nonfamily member, would be on the hook for the rest of the $250 million.
So nobody put up a dime!
Is this typical.
I don't believe so.
The NYT is just playing ignorant ("raised questions about the federal bail process") about bail in America, probably to set up a later troll article claiming the bail system is racist.
You, on the other hand, are just ignorant.
The bail system worked exactly as it always does for SBF. His parents (and some others) put up a LOT more than a dime - their $$ house (which will be seized if SBF fails to show up).
SBF has the highest recorded bail in American history. The federal government charged him with 8 felonies, including wore fraud, securities fraud, and money laundering. He should try to enjoy his current electronically monitored and geographically restricted existence as much as he can, because very soon he is going to federal prison for MANY years.
The bail you refer to as the highest in history was said to be $250 million.
Best we can tell he put up nothing, or only his parents house --said to be worth @ $4 million.
How does a $4 million home equal a $250 million bail?
Do you not see the lies and inconsistencies have already begun?
The NYT is just playing ignorant ("raised questions about the federal bail process") about bail in America, probably to set up a later troll article claiming the bail system is racist.
You, on the other hand, are just ignorant.
The bail system worked exactly as it always does for SBF. His parents (and some others) put up a LOT more than a dime - their $ house (which will be seized if SBF fails to show up).
SBF has the highest recorded bail in American history. The federal government charged him with 8 felonies, including wore fraud, securities fraud, and money laundering. He should try to enjoy his current electronically monitored and geographically restricted existence as much as he can, because very soon he is going to federal prison for MANY years.
The bail you refer to as the highest in history was said to be $250 million.
Best we can tell he put up nothing, or only his parents house --said to be worth @ $4 million.
How does a $4 million home equal a $250 million bail?
Do you not see the lies and inconsistencies have already begun?
If not, show how the $250 million bail was met
This has all been explained to you in this thread and others. Ignoring the explanations and asking the same rhetorical questions is ineffective posting. You look stupid, weird and obtuse to everyone.
The bail you refer to as the highest in history was said to be $250 million.
Best we can tell he put up nothing, or only his parents house --said to be worth @ $4 million.
How does a $4 million home equal a $250 million bail?
Do you not see the lies and inconsistencies have already begun?
If not, show how the $250 million bail was met
This has all been explained to you in this thread and others. Ignoring the explanations and asking the same rhetorical questions is ineffective posting. You look stupid, weird and obtuse to everyone.
Explain to me how a $4 million house meets the $250 million bail requirement.
Or point me to these comments where you claim this was previously explained.
This has all been explained to you in this thread and others. Ignoring the explanations and asking the same rhetorical questions is ineffective posting. You look stupid, weird and obtuse to everyone.
Explain to me how a $4 million house meets the $250 million bail requirement.
Or point me to these comments where you claim this was previously explained.
I don't see any
I am curious too.
How does a house valued at $4 million meet the $250 million bail?
I read somewhere that the parents would be on the hook for the full $250 million were he to jump bail. But they don't have that so how is this a $250 million bail?
Perhaps you get a bail bondsman and take on a ton of debt secured by more of the Bankman Fried and his kid asset pool at a high interest rate. One $4M house is chump change for his family most likely. My family (including my parents) own almost that much in real estate and we’re probably upper middle but not rich
Everyone turned on SBF 🥗 Use code legaleagle60 to get $130 off across 6 Factor boxes at https://legaleagle.link/factorWelcome back to LegalEagle. The most...
