Sam Bankman-Fried FINALLY Charged & Put in Jail For Fraud & Using Quickbooks!

Hours before he was supposed to testify before a House Committee, Sam Bankman-Fried was arrested on multiple charges of Fraud and Money Laundering in the Bahamas. At his initial appearance, Bankman-Fried was denied bail, even though he claimed to be "depressed" and couldn't be afforded a vegan diet. That's nice, hopefully your cell has functional video cameras.

Acting CEO at FTX John Ray did testify and outed the crypto exchange as an incompetent platform that was doing nothing to ensure the security of its customers. No one was clued in and the accounting was being done on Quickbooks. Shout out to do it yourselfers, but when you are dealing with Billions of dollars, maybe spring for a CPA or 12?

Also, SBF's would be testimony was leaked and he blames everyone but himself for the collapse of FTX, like you would expect.

Sources:
New York Post: https://nypost.com/2022/12/13/ftx-ceo-john-ray-iii-grossly-inexperienced-execs-used-quickbooks/
Daily Mail: https://www.dailymail.co.uk/news/article-11532899/SEC-charges-shamed-Sam-Bankman-Fried-defrauding-FTX-equity-investors-1-8BILLION.html

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