Samuel Bankman-Fried, the disgraced founder of the FTX cryptocurrency exchange, was supposed to testify before the House Financial Services Committee Monday.
Fox News contributor expects more indictments to come after FTX founder Sam Bankman-Friend is charged with fraud, arguing he 'did not do all of this alone.'didn't act alone in his alleged fraud and money laundering, law scholar Jonathan Turley suggested Tuesday.
"You're left scratching your head saying, what did we just have an honor system [for] just billions of dollars?" he asked, later adding it is"really bizarre to see in this day and age how people can shift billions and billions of dollars with virtually no restraints or oversight." "[That count] is really fascinating because Bankman-Fried's mother was supposedly involved in some aspects of that. She ran a very large Democratic-type of fund for elections. His own father, by the way, was reportedly being paid as an employee. They both were in the Bahamas," he said. The 30-year-old's parents, Barbara Fried and Joseph Bankman, reportedly are law professors at Stanford University in California.
"They took their time and presented the case to a grand jury, and they were coordinating with The Bahamas' government. So, you know, that's how they got the arrest warrant," he said. The difference between the media and Congress is that Waters' committee would have placed him under oath and opened him up to"hostile" questioning from Republicans on the panel."All they needed to do was wait a few hours and let him testify.
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Ex-FTX CEO Sam Bankman-Fried says he will testify remotely before House committeeDisgraced former FTX chief Sam Bankman-Fried confirmed he will testify remotely on Tuesday before a House committee regarding the crypto exchange's collapse.
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FTX founder Sam Bankman-Fried arrested in Bahamas after U.S. authorities file criminal chargesBahamian authorities said they moved to arrest the FTX founder and former crypto billionaire after being notified that U.S. law enforcement officials had filed criminal charges and would seek his extradition.
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Former FTX CEO Sam Bankman-Fried arrested in Bahamas | EngadgetThe Bahamas Attorney General's Office announced Monday that Bankman-Fried has been arrested there and is likely to be extradited in short measure back to the US to stand trial.
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