Sam Bankman-Fried (SBF) of FTX has been arrested. Will it stick? (Predictions)
In a previous post, I predicted that Sam Bankman-Fried ("SBF") of the bankrupt crypto exchange "isn't likely to face much (if any) jail time."
In light of this week's news that SBF was "arrested" in the Bahamas (where, he could remain for many weeks if not months, mind you), do I stand by my original prediction? Yes! Yes, I do! (Scroll down for more information>>)
Everyone is calling for SBF to be put behind bars "for life", considering the giant crypto-grift that he's been involved in over the last few years. This scheme also included massive pay-offs (donations) to U.S. government officials who apparently used crypto to launder the money for their re-election campaigns and God-knows-what-else!
According to the New York Times article, above, "The criminal charges against Mr. Bankman-Fried included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, said a person with knowledge of the matter."
It's damning! However, in my previous post dated November 17th, 2022, I stated:
"...what really surprises me most is that SBF isn't likely to face much (if any) jail time, and there appears to be no meaningful response to the mysterious disappearance of $600 million worth of crypto."
Despite the media uproar against SBF, I still stand by my original prediction! In particular, I see a huge sigh of relief on SBF's part 10 months out (that puts us into September of 2023) as charges are dropped. There'll be no hard-core prison time for him!
However, along the way, SBF could throw some of his bigger investors "under the bus", and this will most certainly come back to haunt him in 2026!
(From my Nov. 17th prediction:)
"The problems the company experienced appear to extend from a bigger group of investors who simply mis-managed the whole thing once they got their feet in the door..."Too many cooks in the kitchen", as they say."
That's right. Despite SBF walking away from this whole thing virtually "Scot-Free", the odds of him being "Clintoned" (that is, assassinated in a way designed to look like a suicide, perhaps a pill overdose), will remain very high. In particular, he runs the danger of being offed in the year 2026.
The morale of the story is that "what goes around comes around," and SBF will certainly get his...eventually!
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