OPINION: The first rule of being under investigation by law enforcement is “shut up.” From the moment that FTX melted down, Sam Bankman-Fried violated Rule Number One daily.
. His statements drove the bankruptcy attorneys representing FTX to publicly state that he was harming the company’s chances to emerge from bankruptcy.about prior statements regarding his philanthropy, SBF responded, “Man, all the dumb shit I said, It’s not true, not really.” When asked about “sketchy stuff” that he had done, he responded, “Each individual decision seemed fine and I didn’t realize how big it was until the end.
FTX CEO Sam Bankman-Fried attends a press conference at the FTX Arena in downtown Miami on Friday, June 4, 2021.3. Preparing an Indictment That Satisfies the Extradition Treaty With the Bahamas Required Great Care In addition, the indictment used to get SBF extradited from the Bahamas limits the crimes with which he can eventually be tried. “A person extradited under this Treaty may only be detained, tried, or punished in the Requesting State for the offense for which extradition was granted…” So, the DOJ will not have the ability to supersede and charge SBF with different crimes, if additional investigation finds SBF committed those crimes.
My strong suspicion is that when the DOJ learned that SBF would testify on December 13, it set a December 12 deadline to deliver an indictment to the Bahamas’ attorney general, so as to avoid the optical embarrassment of SBF testifying to Congress from a mansion in a tropical paradise.SBF was scheduled to testify, remotely, before Congress tomorrow. Having SBF testify under oath as a free man in the Bahamas—apparently beyond the reach of the U.S. government—threatened to humiliate the DOJ.1.
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