Started By
Message

re: Sam Bankman-Fried had been arrested in Bahamas

Posted on 12/14/22 at 8:52 pm to
Posted by Dirtyboro
Member since Jul 2014
717 posts
Posted on 12/14/22 at 8:52 pm to
Why did the assclowns in dc and ny think it was necessary to arrest him 36hrs before he was to give congressional testimony?
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51571 posts
Posted on 12/14/22 at 10:06 pm to
quote:

Why did the assclowns in dc and ny think it was necessary to arrest him 36hrs before he was to give congressional testimony?


Lol you honestly think he was going to show up to DC... Guy was never going to set foot in the USA unless he was extradited.
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 12/15/22 at 8:34 am to
quote:

show up to DC... Guy was never going to set foot in the USA


I hope you realize the hearing was going to be virtual...
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2939 posts
Posted on 12/15/22 at 8:37 am to
Yeah, his days are numbered. He has way too much info on people that say they care but were his biggest recipients of funds.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51571 posts
Posted on 12/15/22 at 9:58 am to
quote:

I hope you realize the hearing was going to be virtual...


Ah I thought he was making the point that SBF was coming to the USA to testify and we should grab him then.

The legal case at this point is made, everyone flipped on him. The evidence is overwhelming.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 2/9/23 at 11:14 pm to
Just happened to catch this in a Robinhood earnings news piece:

quote:

Robinhood also said it plans to buy back its shares from Sam Bankman-Fried’s Emergent Fidelity Technologies, which he purchased using money from FTX-affiliated trading firm, Alameda Research. These shares, which Bankman-Fried wanted to use to pay legal fees during the ongoing investigation of FTX’s collapse in November 2022, have become a point of contention in the case.


I’m assuming that SBF bought the shares at a fairly high level, and with the shares now beaten down to about $10/share, they should do rather well repurchasing the shares… if they’re allowed to do it. And I don’t see why they wouldn’t be allowed - unless there’s a continuing battle over SBF getting the proceeds.

Thoughts?
This post was edited on 2/9/23 at 11:16 pm
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 2/9/23 at 11:55 pm to
And:

quote:

Robinhood board approves plan to buy back Sam Bankman-Fried's $578 million stake


Robinhood's board has approved a plan to purchase Sam Bankman-Fried's shares in the company, which amount to more than a 7% stake.

Robinhood said it's working with the Department of Justice on the plan and can't guarantee when or if it will happen.

The 55 million shares are at the heart of a dispute between Bankman-Fried and a set of international and domestic entities, including crypto lender BlockFi.
This post was edited on 2/9/23 at 11:57 pm
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram