'Sammy the Bull Thrower' Bankman-Fried's family pays $10 thousand/week for armed security

Palo Alto, CA -- Now I don't know if Sam Bankman-Fried is pro-gun control, but with all the money he gave to the Democratic campaigns and organizations, compared to the pittance he gave to the GOP, one can imagine that he's all "Pre Second Amendment for Me, but Not for Thee."

Since gaining sudden global infamy and death threats, accused FTX scammer, fraudster and overall scumcrumpet Sammy and his mommy and daddy have fortified their high-end Stanford home with armed guards and are forking out $10,000 every seven days to a private Bay Area security company who patrol the 3,000 square feet fortress with armed guards working 24/7. [H/T New York Post]

“They’re nervous,” one source the newspaper. “There have been death threats. They’re not taking any chances.”

Sammy would rather share a cell with a guy named "Slasher" for 115 years than possibly be attacked by a stranger.

Bankman-Fried (SBF) created crypto chaos with the collapse of this FTX exchange with the help of his girlfriend and winner of the "Olive Oyl Lookalike Contest," Caroline Ellison who was CEO of SBF's sister company, Alameda Research. She is apparently going to testify against him to save herself from a lifetime of roach racing and working out at the slammer gym.

For more on Bankman-Fried and what he has done, go here and here.

Hopefully justice will be served, but many people's lives have been screwed over and in many cases, have been ruined.

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BREAKING: Sammy the Bull-thrower Bankman-Fried agrees to be extradited to US

Disgraced FTX founder and overall scumcrumpet Sam Bankman-Fried has done his extradition homework and is all set to be sent from the Bahamas to the US where his ass is grass over criminal charges that allege he defrauded $1,800,000,000 from investors. For reference purposes, there are only 3,544,000 seconds in a year, so we're talking mucho dinero that he screwed people out of with the help of various celebrities. [H/T NY Post]

SBF, as he is often called by his girlfriend Olive Oyl, consented to extradition because he alleges that he wants "to make the relevant customers whole," according to court papers. Of course, this is bull pucks--he initially fought extradition but now realizes that it's no use, so this is his last ploy to somehow get away with his scam by trying to con the judicial system.

The big-bosom bag of bull arrived in Magistrate Court in Nassau, Bahamas on Wednesday at around 11:00 a.m. and told the judge that he is waiving his rights to a long and lengthy extradition hearing. He is casting his fate to the wind, and that wind will not be pleasant.

Once he arrives back in the US, he will be remanded into custody but his departure from the Bahamas is still unknown.

SBF was a key player in the lightning fast collapse of FTX, a crypto currency exchange. He allegedly used investors' money to fund his Alameda Research hedge fund and also to purchase real estate for himself and his parents.

Bankman-Fried is being prosecuted by the Southern District of New York and faces a maximum of 115 years in prison if convicted, which seems to be likely because he is, after all, guilty as a drag queen in Boys' Town.

If Bankman-Fried doesn’t get bail in New York, he is likely to be locked up Brooklyn’s notorious Metropolitan Detention Center as he awaits trial. Hopefully, he will come prepared with body wash rather than bar soap, which can cause problems if he drops it.

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Sam Bankman-Fried arrested in Bahamas, charged with money laundering, fraud

Disgraced FTX scam artist Sam Bankman-Fried [not to be confused with women's baggage thief and now fired Biden appointee, Sam Brinton] had appeared in a Bahama court on Tuesday when he made it clear that he will fight extradition to the United States as he faces a load of federal charges that include fraud, money laundering and making illegal campaign contributions. 

Bankman-Fried, 30, was the second highest Democrat donor.

While in a heavily guarded court in Nassau, Bahamas, the alleged crypto-scammer seemed relaxed and as creepy-nerdy as usual where he made it clear that he would not be waiving his right to an extradition hearing back in the US but it looks like the Democrats are worried about what he might say, so on Monday,  Bankman-Fried was arrested in the Bahamas.

Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said that beginning in 2019, he diverted investors' money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment. He also gave his Arnold Stang lookalike girlfriend a large sum of money, which should mean that she too must testify on a criminal charge.

Not the grand daughter of Arnold Stang

"All of this dirty money was used in service of Bankman-Fried's desire to buy bipartisan influence and impact the direction of public policy in Washington," Damian Williams, the U.S. attorney for the Southern District of New York, said during a news conference. [H/T Fox News]

He is charged with eight criminal offenses, ranging from wire fraud to money laundering to conspiracy to commit fraud. Williams called the case "one of the biggest frauds in American history."

Bankman-Fried was arrested by Bahamian authorities at the request of the U.S. government, a day before he was slated to testify before the House Financial Services Committee along with FTX's current CEO, John Ray III, not to be confused with the late singer by the same name.

Arnold Stang

FTX filed for bankruptcy on Nov. 11 when the firm ran out of money after the cryptocurrency equivalent of a bank run. Customers tried to withdraw their assets all at once because of growing doubts about the financial strength of the company and Alameda Research. But alas, they were too late.

The criminal indictment against Bankman-Fried and "others" at FTX is on top of civil charges announced Tuesday by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission. The SEC alleges Bankman-Fried defrauded investors and illegally used their money to buy real estate on behalf of himself and his family. He allegedly bought his mommy a multi-million dollar mansion in the Bahamas.

He executed "deliberate" transactions designed to cover up his fraud, authorities said.

Bankman-Fried was previously one of the world’s wealthiest people on paper; at one point his net worth reached $26.5 billion, according to Forbes. He was a prominent personality in Washington, donating millions of dollars toward mostly left-leaning political causes and Democratic political campaigns, though he also gave some money to Republicans.

FTX grew to become the second-largest cryptocurrency exchange in the world. The SEC complaint alleges that Bankman-Fried raised more than $1.8 billion from investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets. It was as safe as doing the Pencil Dance in a landmine field.

"Bankman-Fried's entire house of cards started to crumble as crypto asset prices plummeted in May 2022 and as Alameda's lenders demanded repayments on billions of dollars in loans," said Gurbir Grewal, director of the SEC's Division of Enforcement.

At Tuesday's congressional hearing, Ray, the new FTX CEO, bluntly disputed that at the hearing: "We will never get all these assets back."

Some folks are calling for Bankman-Fried to share a cell with Darrell Brooks, the Waukesha serial killer and self-declared sovereign citizen serving 6 life sentences plus more time for other crimes, if Bankman-Fried is found guilty, which is highly possible. 

If so, he faces 115 years in the slammer while Brooks faces about ten times that amount.

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