Sam Bankman-Fried Says His Arrest Was Politically Motivated

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SEC Chair Gary Gensler’s Cellphone Messages Wiped Bankman-Fried’s Dad and mom Ask Donald Trump To Pardon Their Son Associated Articles:

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Sam Bankman-Fried alleged that the previous Biden administration orchestrated his 2022 arrest after he started donating to Republicans.

The FTX founder, serving a 25-year jail sentence for fraud, stated in a publish on GETTR that his personal donations to GOP candidates prompted retaliation from the Democratic Occasion.

“That they had me arrested weeks earlier than the crypto invoice I used to be engaged on was set for a vote—and the night time earlier than I used to be set to testify earlier than Congress,” he stated in a publish that was seemingly revealed by a good friend.

Bankman-Fried stated within the publish that he had donated ”tens of tens of millions” to Republicans.

His feedback revive earlier suspicions from Home Republicans, who had questioned whether or not the arrest was timed to dam his testimony.

SEC Chair Gary Gensler’s Cellphone Messages Wiped

Bankman-Fried pointed to lately revealed Securities and Alternate Fee (SEC) data exhibiting that former Chair Gary Gensler’s telephone messages at the moment have been “wiped.”

The Workplace of Inspector Normal, which is an unbiased workplace throughout the SEC, stated final month that the company’s IT workplace “applied a poorly understood and automatic coverage.” This coverage resulted in “an enterprise wipe of Gensler’s government-issued cell machine,” the workplace stated.

On account of that wipe, Gensler’s textual content messages from between October 2022 and September 2023 have been misplaced, it added.

Bankman-Fried stated the timing of his arrest ”raised critical questions on [Biden’s SEC/DOJ],” including that ”Gensler conveniently ‘misplaced’ these message.”

That interval additionally coincided with the launch of a number of excessive profile enforcement actions from the SEC on corporations together with Binance and Coinbase.

Bankman-Fried’s Dad and mom Ask Donald Trump To Pardon Their Son

Bankman-Fried’s dad and mom, Joseph Bankman and Barbara Fried, have reportedly reached out to the White Home for a pardon from US President Donald Trump, who earlier pardoned Silk Street market founder Ross Ulbricht.

Bankman-Fried was arrested within the Bahamas in December 2022 following US federal costs that tied him to the collapse of FTX after the platform imploded only a month earlier than.

Investigations after the collapse and court docket paperwork instructed a “full failure of company controls” and pointed to the absence of dependable monetary data.

Bankman-Fried was convicted on a number of counts of fraud and conspiracy in November 2023, and in March 2024 was sentenced to 25 years in federal jail. The FTX founder was additionally ordered to pay $11 billion in forfeiture.

Bankman-Fried has formally appealed his conviction. His subsequent attraction listening to is scheduled for Nov. 4 within the US Courtroom of Appeals for the Second Circuit.