Arrest of Sam Bankman-Fried on Monday shocks me as a criminal defense attorney
Fox News
Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency company FTX was arrested Monday. As a criminal defense attorney, I'm surprised that the Justice Department did this now.
CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States." (Alex Wong/Getty Images) FTX founder Sam Bankman-Fried is facing an onslaught of legal repercussions over his involvement in the collapse of FTX. (Jeenah Moon/Bloomberg via Getty Images) Sam Bankman-Fried promised big-dollar grants to, or invested in, The Intercept, Vox, ProPublica and Semafor before FTX's collapse. (Jeenah Moon/Bloomberg via Getty Images)
I have previously written about how Bankman-Fried was doing harm to his case by speaking in the media and to Congress. So why would the Justice Department move to stop the self-inflicted damage? You have a major target who was about to voluntarily testify for hours.
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