This December 22, Sam Bankman-Fried (SBF)former CEO of FTXwas released in the United States after accepting payment of a bail billionaire of $250 million.
SBF, the largest financial fraudster in the United States, was extradited from the Bahamas to the US this wednesday night. Unlike a common thief, Sam Bankman-Fried, He didn’t have to spend a day in jail.
Prosecutors handling the case classified the bond as “the largest preventive bond in history”. However, for a person who he ripped off billions of dollars to his clients, 250 million is an insignificant number.
Over a million customers were scammed by Sam Bankman-Fried
According to US Congresswoman Maxine Walters, Sam Bankman-Fried, defrauded more than a million customers in the US. through the cryptocurrency exchange FTXand his investment fund Alameda Research.
FTX filed for bankruptcy on November 11after a controversial week in which SBF declared several times on its social networks that the exchange had no liquidity problem. Something that ended up being totally false.
Behind the FTX bankruptcy filing and Alameda Research, John J. Ray III, the new CEO of FTX, appeared in court last week, to explain how SBF bankruptedin less than a week, to a company valued at more than 30 billion dollars.
Sam Bankman-Fried agreed to post $250 million bail
While thousands of people were left without money to celebrate their Christmas and New Years after losing everything on FTX, SBF will enjoy a family Christmasand in the comfort of your home.
The scammer will stay at your parents’ house while you wait for your trial for eight counts of fraud and money launderingfor which he could be sentenced up to 115 years in prison.
Although given the current circumstances of his release, it is most likely that do not give him a maximum sentencesince one of the conditions of his probation is undergo mental health counseling.
Therefore, even if you are sentenced to prison, SBF attorneys may seek lower your sentence, claiming that he suffered from some kind of mental disorder. What a coincidence that now they say that he is crazy!
I say “the safest” because his parents were successful and influential lawyers, as well as law professors at the prestigious Stanford University in the US.
Sam Bankman-Fried has the support of powerful politicians
During his heyday as one of the richest in the crypto industry, SBF made multi-million dollar donations to several important and powerful politicians in the United States, including the current US President, Joe Biden, to whom he donated more than 5 million for his presidential campaign.
The case of the so-called “good boy” of the crypto industry, made it clear today that the US justice system is really blind, at least with those who have 250 million dollars in their pockets to buy their freedom.
If Sam Bankman-Fried completes his probation and does not run away from his parents’ home, he will have to attend his next hearing on January 3.
Although the freedom of SBF looks like a Joke of bad taste – Disagreeable joke for many people, the federal prosecutor, Nicolas Roos, said that despite having carried out “a scam of epic proportions” SBF doesn’t have a lot of money to plan an escape.
However, given the amount of money you donated to so many powerful politicians, the last thing SBF needs to escape is money.
Read more about him FTX collapse Here.
Visit our section on ecosystem Here.
Follow us on our social networks
Now you can buy bitcoins with local currencies from Latin America and without commissions on Binance
You can buy and sell bitcoins and other cryptocurrencies on Binance P2P with the local currency of Venezuela, The Savior, Argentina, Colombia, Chile, Uruguay, Peru, Bolivia, Paraguay, Brazil, Mexico y Dominican Republic.
In Venezuela it is available purchase of cryptocurrencies with bolivars through the Mercantil, Provincial banks, with bank transfer, mobile payment and PayPal.
To start buying, selling and trading cryptocurrencies on Binance you must have an active and verified account. It is easy.
In Morocotacoin.news Now you can see these simple tutorials to get started in buying and selling cryptocurrencies within Binance:
- learn how register on Binance to buy and sell bitcoins and other cryptocurrencies. Here.
- How to do identity verification or KYC on Binance to open or continue using your account. Here.
- How to buy bitcoin with bolivars on Binance P2P in just 5 steps. Here.
- Binance P2P tutorial to buy and sell cryptocurrencies with bolivars, pesos and soles. Here.
- How to buy and sell bitcoins in Colombia? Guide to earn money with BTC through Binance P2P. Here.
- How to add new payment methods for buying and selling cryptocurrencies on Binance P2P. Here.
- learn to ride one sale order of bitcoins on the Binance cryptocurrency exchange. Here.
- Do you want to know how to sell your bitcoins with a Order Limit on Binance? Know how to do it and its usefulness. Here.
- How post ads on Binance to buy and sell cryptocurrencies safely. Here.
- Tips for ensure your purchase and sale of cryptocurrencies on the Binance P2P platform. Here.