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But Why? Democrat Mega-Donor Crypto King Sam Bankman-Fried Arrested In Bahamas Preventing His Congressional Testimony

But Why? Democrat Mega-Donor Crypto King Sam Bankman-Fried Arrested In Bahamas Preventing His Congressional Testimony

The only potential downside to Dem Crypto King testifying before Congress today was for Democrats if Republicans got to question him about his political donations and ties to Democrats. Do you believe in coincidence?

Democrat Mega-Donor and Crypto King Sam Blankman-Fried was supposed to testify to a House committee today. By all appearances, he was going to do it.

But the U.S. DOJ and FBI had him arrested in the Bahamas, so he never testified.

Funny that. It goes against everything you would expect prosecutors to do. Why not let him testify under oath. It’s no lose for the feds. “Anything you say can and will be used against you.”

There was no downside. Dem Crypto King may have further implicated himself in criminal conduct. Or he may have lied under oath to Congress, more potential federal charges. His testimony could not help him or hurt the prosecution because even if he did well, you can’t introduce your own prior statements as evidence.

And there was no downside to the feds even if they already had a mountain of evidence against him. Too much evidence of guilt is a prosecutor’s dream. Usually.

So no downside for the feds, no upside for Dem Crypto King, if he testified.

So why not delay the arrest for a day? Or a few hours. Could have made great TV, as the gavel was hammered down at the end of questioning, Bahamian police could have burst onto the screen and arrested him.

Perhaps there’s something we don’t know. Maybe he was about to skip town — but to where? Or maybe there was an indication he was not actually going to testify, so no reason to wait. But none of that has been offered as the reason for the timing of the arrest.

Now, Dem Crypto King likely never will testify publicly about it. The feds can’t force him to testify against himself. He only will ever testify if he takes the stand in his own defense at trial.

The only potential downside to Dem Crypto King testifying before Congress today was for Democrats if Republicans got to question him about his political donations and ties to Democrats.

Do you believe in coincidence?

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Comments

All that ill gotten gain and he couldn’t afford a haircut? Don’t they have barbers in the Bahamas?

    henrybowman in reply to Concise. | December 14, 2022 at 2:00 am

    Haven you ever seen how small an actual piece of cryptocurrency is?
    Do you know how much you can hide in a mop that like?

His chances to survive to trial are roughly zero.

They just charged him with campaign finance crimes…thus ensuring he will never testify.

Colonel Travis | December 13, 2022 at 8:49 pm

If this man-child had ties to the (R) party like he does to the (D)s, he would have been drawn and quartered long ago. Everyone around him would have been taken down, the news would be nonstop, every (R) would have to answer for his crimes. The only reason this idiot was arrested is because his mouth would have said interesting things in front of a Congressional committee.

The country cannot survive this kind of “justice”, but then again, that’s the precise reason we’re submitted to it. Freedom and liberty truly is an anomaly in the human experience.

    On Oct. 27, 12 days before the midterm elections, FTX US donated $1 million to McConnell’s Senate Leadership Fund Super-PAC, according to a FEC filing, and another $750,000 to McCarthy’s Congressional Leadership Fund. Along with another executive of an FTX affiliate who donated $24 million to Republicans, that makes the Republican haul more than SBF’s personal contributions to Democrats of $23 million. (His Super PAC contributed another $43 million to Democrats.)

    It would appear that only certain (R)s have to answer for their crimes.

      mbecker908 in reply to Coolpapa. | December 14, 2022 at 9:17 am

      I’m fine with tossing everybody who got so much as $1.00 from him into prison for life. Every last one of them. And their staff members who knew about it.

      Another Voice in reply to Coolpapa. | December 14, 2022 at 3:42 pm

      Considering how inept he and his girl friend had with any basic and acceptable accounting expertise,(Duh ! Quick Books) and his ability to file compliance regulatory documents, quoting that it was ‘a/his’ SUPER PAC donation of $43 million to the Democrats, holds little to nil credibility to support a financial business balance sheet of who ‘GOT MORE’.

    Bankman-Fried gave tens of millions to Democratic candidates and groups this cycle. He has said he also made large contributions to Republican political candidates, but did so in a way that hid the donations.

    “All my Republican donations were dark,” Bankman-Fried said in an interview last month.
    “Reporters freak the f**k out if you donate to a Republican because they’re all super liberal. And I didn’t want to have that fight, so I just made all the Republican ones dark.”
    Bankman-Fried estimated he was actually the “second or third biggest” Republican donor in the country during the 2022 midterms but that he was able to shield those donations from public view.

Why? They don’t want him questioned under oath by Republicans. They will drop the money laundering and campaign finance charges for a plea deal and we will never learn the truth. Remember the SDNY lock up is where Weinstein was held. Any chance they fixed that camera?

No doubt it was to prevent his testimony, IMO. The clips of him getting grilled would be very public and amplified by social media. This prevents that publicity. On the other hand the company is under the control of court appointed management. The records, such as they are, will come out. We already know many of the names who received campaign donations, they are in FEC filings. This dude is gonna get thrown to the wolves assuming he doesn’t have an accident before then.

    gonzotx in reply to CommoChief. | December 14, 2022 at 3:43 am

    No they wont

      CommoChief in reply to gonzotx. | December 14, 2022 at 6:55 am

      gonzo,

      In making that contrarian statement you argue that he’s gonna skate and avoid conviction for criminal and civil violations. That’s a bold prediction.

    I’ll bet there’s a whole bunch of reasons they arrested him in Bahamas. One is, he stole money from Democrats.

      henrybowman in reply to Paula. | December 14, 2022 at 9:58 pm

      He stole money from Democrat peon investors, and gave it to Democrat political elites. That’s entirely forgivable. Brandon just did much the same trick with student loans.

    NGAREADER in reply to CommoChief. | December 19, 2022 at 9:58 am

    He was never going to testify. He thought by not pulling that string until the last second, he’s stay out of jail longer.
    Now it’s just a negotiation between his lawyers and the Fed’s.
    I’d like to think something will come of this and some big politicians will go down but call me a pessimist.

I’ve yet to hear mention of any political contributions by the local News readers. A person would think it’s just another multi billion dollar ponzi scheme, but the word ponzi is not heard.

Suburban Farm Guy | December 13, 2022 at 9:28 pm

Just about every story we see these days, a common denominator: Democrats are criminals. Criminal Democrats, Democrat criminals. It’s their DNA

The epitome of Gen Z, with a bit of larceny thrown in. Good luck!

[email protected]: Biden “received campaign donations…from [SBF] and many prominent Democrats…Will [he] return that donation? Does he call on all politicians who got…donations that may have come from customer money to return [them]?”

KJP declines to comment, citing Hatch Act. pic.twitter.com/fxdhNMUkW0

— Curtis Houck (@CurtisHouck) December 13, 2022

We know the DOJ, SDNY, etc. are all political operatives for democrats. This arrest timing is consistent, and they don’t seem too concerned about hiding it anymore. Now SBF will learn about a different sort of blockchain – cellblock chains – at least until he’s found dead in his cell.

In the days shortly after the FTX crash, most of us were outraged that he hadn’t been arrested yet. Now, we’re outraged that he’s been arrested already.

I must have missed something. Was SBF going to testify before Congress by Zoom from the Bahamas? Or in person? And if in person, why didn’t the DOJ just have him arrested as he got off the plane at Dulles, thereby avoiding the need to have him extradited to the U.S.?

Something’s not adding up.

    Wait till the GOP runs the House in 2023. Kevin McCarthy will see to it this guy is hauled in, in chains.

    Ah, never mind…. Anyway, he’s going to die in jail in a couple of weeks.

      Never mind, indeed. Just as there were Republic protests of trillion dollar in redistributive change schemes through Fannie, social governance, etc., there was bipartisan support to sustain them. Same with Obamacares, Bidencares, World War Spring series (from Tripoli to Kiev), people left behind in Kabul etc.

    JPL17 in reply to JPL17. | December 15, 2022 at 9:41 am

    Looks like SBF was planning to appear before Congress via Zoom. See https://nypost.com/2022/12/14/the-curious-timing-of-scammy-sam-bankman-frieds-crypto-bust/ This means the only possible reason for arresting SBF in the Bahamas prior to his testimony was to prevent him from testifying.

    So it’s now obvious that the DOJ was afraid SBF’s testimony would implicate / embarrass some powerful Dem(s), and that it was willing to weaken its own prosecution of SBF in order to protect them.

Takes clams to make them clam, and this is the best way to hush dat mouf. It is beginning to smell like Quahog around DC.

Stated straight away I thought the Feds are protecting him from Congress. Nothing those people do is on the up and up.

Leroy Jethro Gibbs Rule #39: There is no such thing as coincidence.

Victor Immature | December 14, 2022 at 5:37 am

Why? Well, the kid Cotten that started Qudriga CX in Canada “died” overseas and no one has been able to unlock the crpto vault. Most speculate his death was an elaborate hoax.

All the political figures got their money. This collapse is already causing a run on crypto and will help hasten the US plan to issue their own digital currency.

So the new congress issues a subpoena forcing Sam to appear if he fails to appear the congress charges the FBI with impeding a congressional investigation and threatens to cut FBI funding.

    jimincalif in reply to kjon. | December 14, 2022 at 8:32 am

    I’m sure the FBI is already working on Crossfire Hurricane 2.0 to gin up multiple “investigations” (and related news leaks) of multiple Republican Congress critters, to be unleashed as needed. Republicans will never defund the FBI.

    Even if he’s hauiled before Congress, he’ll take the 5th. My guess is he’ll be offered a plea deal if he rats out his REAL handlers.

On the other hand:
It’s been observed that congressional hearings are mostly useful only as theater: If you want to successfully prosecute people you get attorneys involved and subpoena witnesses in court.

“Surprise, surprise, surprise.”

Jim Nabors nailed it.

There is no way that the DODJ (Dept. of Democrat Justice) and the FIB are going to do anything that doesn’t advantage the Democrat Socialists.

There is no doubt that SBF;s arrest was timed to prevent him from testifying as to how much he illegally donated to Democrats

No worries. DOJ is going to seize all relevant evidence, and store it in the room with all of the Hunter Biden evidence. His vigorous prosecution will be run by DOJ’s special Helen-Keller team.

Move over Seth Rich…

Ummm would not be a big surprise if he gets ebsteined while in jail.. People kill for a whole lot less than 40 million.

The Feds couldn’t point a bigger arrow to themselves saying “shady a– s–t going on here” by having him locked up out of the country. Is someone going to finger him as a Clinton associate for them to suicide him now? I wouldn’t be surprised.

Everyone keeps assuming this is not a planned “failure”. I know it sounds like tinfoil hat stuff, but…
This was planned: steal a bunch of money and give it to the Dems, let the top folks keep some, use it to heavily regulate crypto, which leads to the only “safe” crypto being one the gov’t runs and effectively forcing everyone into a tightly tracked and controlled currency system.
Oh, and you try to prosecute the “bad” guy but he mostly skates and goes somewhere “safe” (that means no extradition and warm beaches) with what he was allowed to steal, or some proportion thereof.

This arrest is part of the kabuki. Though that part of the plan (he absconds with money) has always been negotiable as far as the Dems are concerned.

This arrest was pretextual to prevent SBF’ from spilling the beans about his donations to a Congressional committee

And here I thought you were supposed to make the investigation look less sketchy than what they’re investigating.

Clearly, I learned nothing from the aftermath of Jan 6.