On December 12, 2022, the Office of the Attorney General of The Bahamas announces the arrest by The Royal Bahamas Police Force of Sam Bankman-Fried (SBF), former CEO of FTX.
According to a statement from the Office of the Attorney General & Ministry of Legal Affairs that was released to the local press, Sam Bankman-Fried was arrested in the Bahamas.
BREAKING: Attorney General Ryan Pinder said former FTX CEO Sam Bankman-Fried was arrested. pic.twitter.com/DO37NA3Q7E
— Jasper Williams-Ward (@jasperward94) December 12, 2022
The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law. While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX.
Prime Minister Philip Davis said in the statement
The arrest came after receiving official notice from the US that it had charged Bankman-Fried with a crime and would probably ask for his extradition.
USA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time.
— US Attorney SDNY (@SDNYnews) December 12, 2022
Meanwhile, Bankman-Fried had been expected to testify tomorrow at the congressional hearing.
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