Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

JUST IN: Sam Bankman-Fried Denied Bail by Judge in the Bahamas

by December 13, 2022
December 13, 2022
JUST IN: Sam Bankman-Fried Denied Bail by Judge in the Bahamas

FTX founder Sam Bankman-Fried was denied bail by a judge in the Bahamas on Tuesday.

Sam Bankman-Fried was arrested in the Bahamas on Monday and charged with 8 counts of money laundering and fraud.

Billions are still ‘missing’ from Sam Bankman-Fried’s collapsed Ponzi scheme.

Bankman-Fried on Tuesday told the magistrate he couldn’t go to jail because he’s a vegan and depressed.

The judge denied his bail and he was taken to the overcrowded jail.

The Daily Mail reported:

Disgraced FTX founder Sam Bankman-Fried has been denied bail as he fights extradition to the United States in the Bahamas after being charged with one of the ‘biggest financial frauds in American history’.

Bankman is accused of defrauding investors out of $1.8billion by convincing them his trading platform FTX was safe to use. He has been holed up in the Bahamas for weeks, but today was denied bail after prosecutors argued in court that he was a flight risk.

They claimed he hid $300million in a Brazilian fund in September, months before the collapse of his crypto trading platform, as a means of setting himself up for an escape when the inevitable happened.

SBF, 30, protested, telling Chief Magistrate Joyann Ferguson-Pratt he couldn’t go to jail because he is vegan and ‘depressed.’

She however denied him bail, remanding him in custody until February 8. He will spend his detention at Fox Hill, The Bahamas’ only prison. The jail is known for overcrowding and unsanitary conditions.

Sam Bankman-Fried, a 30-year-old Democrat darling, spent more than $40 million to fund Democrats through his Ponzi scheme disguised as a crypto exchange he founded.

The FTX crypto company gave at least $40 million to Democrat candidates and causes in the midterms.

Sam Bankman-Fried was one of Joe Biden’s biggest donors.

Bankman-Fried was supposed to testify before Congress on Tuesday but he was arrested before he could get on a plane.

The post JUST IN: Sam Bankman-Fried Denied Bail by Judge in the Bahamas appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Feds in the Shadows: Leaked Documents Indicate over 300 Members of Oath Keepers May Be Current or Former DHS Employees – Not Clear How Many Are Federal Operatives
next post
Weirdo Biden Does it Again, Interrupts His Speech and Tells Audience Members, “Don’t Jump!” (VIDEO)

You may also like

Biden admin cites data showing new border measures...

January 26, 2023

Trump picks Dr. Janette Nesheiwat as nation’s next...

November 23, 2024

Biden is on the way out and Trump...

January 17, 2025

Sen. Rand Paul says criticism of Ukraine funding...

October 5, 2023

30-Year-Old Crypto Firm Co-Founder Dies Suddenly in His...

November 25, 2022

Anna Paulina Luna calls for $10,000 per day...

July 2, 2024

MARK HALPERIN: Democrats try to construct a Frankenstein...

June 6, 2025

Female-led IDF combat squad eliminates nearly 100 Hamas...

October 26, 2023

Beautiful Story of True Thanksgiving: Cuban Immigrant Celebrates...

November 24, 2022

Zelenskyy wants nukes or NATO; Trump special envoy...

February 6, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Manchester businessman cleared of hacking charges in ICO case

      June 27, 2025
    • Winners announced at Isle of Man Innovation Challenge 2025

      June 27, 2025
    • Padel club boom sees 3,200 venues built in 2024 as global popularity accelerates

      June 27, 2025
    • Sweet or taxable? M&S strawberry sandwich sparks new VAT debate

      June 27, 2025
    • Starmer thanks business for footing tax bill

      June 27, 2025
    • UK SMEs must strengthen cybersecurity as geopolitical threats escalate, warns Espria

      June 27, 2025

    Categories

    • Business (8,328)
    • Investing (2,074)
    • Politics (15,824)
    • Stocks (3,172)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved