Billionaire Dem Mega-Donor Arrested Hours Before Facing Questions From Congress

(Congress Report) – Just hours before he was due to answer questions in front of Congress, Democrat mega-donor and founder of FTX, Sam Bankman-Fried was taken into custody in the Bahamas on Monday. He was due to stand before the House Financial Services Committee on Tuesday and provide testimony.

According to a piece from Jordan Dixon-Hamilton with Breitbart News, Bankman-Fried was arrested after authorities in the United States filed criminal charges against him, confirmed U.S. attorneys.

“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,” United States Attorney Damian Williams commented, according to Breitbart. “We expect to move to unseal the indictment in the morning and will have more to say at that time.”

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

A few politicians then noted that Bankman-Fried’s arrest came just before his highly anticipated testimony before Congress, which honestly does seem just a tad bit fishy wouldn’t you agree? We all know that the left has a lot of skeletons in the closet that they are desperate to keep in the dark. They will do anything to avoid having these deeds pulled into the light.

“Tomorrow, Sam Bankman-Fried was scheduled to testify in front of the House Financial Services Committee. @HouseGOP was ready to grill him six ways to Sunday,” former New York GOP gubernatorial candidate Lee Zeldin posted on Twitter. “Now breaking tonight, SBF was just arrested! Why not allow him to 1st testify tomorrow and answer our many questions?”

Tomorrow, Sam Bankman-Fried was scheduled to testify in front of the House Financial Services Committee. @HouseGOP was ready to grill him six ways to Sunday.

Now breaking tonight, SBF was just arrested!🧐

Why not allow him to 1st testify tomorrow and answer our many questions?

— Lee Zeldin (@RepLeeZeldin) December 13, 2022

“Bankman-Fried’s scheduled appearance before the House Financial Services Committee on Tuesday came after the disgraced financier previously dodged chairwoman Maxine Waters’ (D-CA) request for him to testify before the committee,” Dixon-Hamilton wrote. “Bankman-Fried told Waters and the Committee last week that he is ‘not sure’ if he would be finished ‘learning and reviewing what happened’ with FTX before the committee wanted him to testify on December 13.”

On Monday, during an interview on Twitter Space, just a few hours before he was arrested, Banman-Fried did confirm that he would be appearing remotely before the House Financial Services Committee rather than making an in-person appearance because, and this is a quote, he is “quite overbooked.”

“I don’t think I will be arrested,” Bankman-Fried reportedly went on to say during the Twitter Space interview. He then stated he is “open and willing” to potentially make an appearance before the Senate Banking Committee on Wednesday.

Dixon-Hamilton said, “Sens. Sherrod Brown (D-OH) and Pat Toomey (R-PA), the chairman and ranking member of the Senate Banking Committee, criticized Bankman-Fried over his reluctance to confirm an appearance before their committee.”

Brown and Toomey put out a joint statement saying, “Virtually every CEO, financial regulator, and administration official for Republicans and Democrats has agreed to testify in front of both the Senate and House when called upon – that is how congressional oversight works. We have offered Sam Bankman-Fried two different dates for providing testimony before the Senate Banking, Housing, and Urban Affairs Committee, and are willing to accommodate virtual testimony. He has declined in an unprecedented abdication of accountability.”

“Given that Bankman-Fried’s counsel has stated they are unwilling to accept service of a subpoena, we will continue to work to have him appear before the Committee. He owes the American people an explanation,” they continued.

Senators Pat Toomey and Sherrod Brown respond to Sam Bankman-Fried refusing to testify in person tomorrow:

"He has declined in an unprecedented abdication of accountability." pic.twitter.com/1fMtylAFpR

— Citizen Free Press (@CitizenFreePres) December 12, 2022

John Ray III, Bankman-Friend’s replacement at FTX, is still scheduled to testify before Congress on Tuesday.

In remarks prepared by Ray, which were released ahead of his testimony, he asserted that the FTX collapse “appears to stem from the absolute concentration of control in the hands of a very small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controls that are necessary for a company that is entrusted with other people’s money or assets.”