4 ms·

If they catch him. It’s probably a hard process to extradite someone from the Bahamas.

HWR_14 4y ago
It's not that hard. The US has an extradition treaty. Now, Bahamanian charges may take precedence, but that could just mean getting extradited to the US as he is being released from a Bahamanian prison. It is possible to fight extradition under a few theories, but I don't see how they apply here.
- Aleksdev 4y ago
  I don’t think his trip to the Bahamas was a coincidence so I think he will use his resources to make it difficult. Also another thing to consider is wether he will stay in the Bahamas if it becomes a problem.
  - HWR_14 4y ago
    He was based in the Bahamas for their lax securities regulations. He didn't run there when things went bad, he was living in a penthouse there.
    - arthurcolle 4y ago
      *He and his polycule harem of mostly men and Caroline Ellison, someone with zero finance knowledge yet somehow running a multibillion dollar hedge fund
      - HWR_14 4y ago
        There is no evidence it was a polycule and if it was the fact that they are mostly men would only be brought up for homophobic reasons. He and Caroline Ellison were apparently involved. I have no idea why any of that really matters.
        arthurcolle 4y ago
        You're right the wording in my original post was terrible, I apologize and can see that it could appear offensive as written. It doesn't matter and isn't relevant to the core facts that he clearly stole and misappropriated billions of dollars from his company's depositors and engaged in fraud, wire fraud, misuse of funds, self-dealing, and other criminal activities that were explicitly for the purpose of enriching himself. In my opinion, I do want to say that given the more provocative elements of the story, I get a sense that it seems to point to a larger-than-life lifestyle involving people working together and engaging in activities that mixed drugs, sex, and huge amounts of money - not to mention the "conspiratorial" elite connections to political figures and academics that are connected via SBF and Caroline Ellis. Given that so many people were impacted by what are crimes, as can be seen by how ferociously the twitter sphere is picking at all parts of the story - it appears that everything is under judgement, frankly.
        thfuran 4y ago
        >by what are crimes, as can be seen by how ferociously the twitter sphere is picking at all parts of the story Making Twitter angry is illegal now?
        HWR_14 4y ago
        Their in-house psychiatrist to write them all scrips said that the amount of drugs and hooking up was way overstated. Maybe? Maybe it's the dealer saying there are no drugs? I have no idea. "Rich 20-somethings like drugs and sex on tropical beaches" is a pretty uninteresting story to me. "Rich 20-somethings do so much adderall that they code backdoors instead of having sex whith tropical beaches are outside" is at least more interesting to read about.
    - Aleksdev 4y ago
      Well he did coincidentally go to the Bahamas and went MIA on social media right before things started to collapse. I would call that running.
      - HWR_14 4y ago
        He's still giving interviews on Twitter to Vox journalists and somehow to NYT journalists. The Bahamas are both his full time residence and as of last year his listed permanent residence. A minor detail in the scheme of decabillions of, at best, mismanagement.
    - coffeebeqn 4y ago
      I do wonder how much money has gone to local/state officials pockets. From SBFs previous billions
      - ALittleLight 4y ago
        I think the promise of future bribes buys you favors. Past bribes, and the inability to pay future bribes, won't get you very far.
    - misiti3780 4y ago
      also he is presumably not a citizen.
  - blitzar 4y ago
    > I don’t think his trip to the Bahamas was a coincidence Not at all a coincidence. It is where he lived and where his company was based. No coincidence at all he was in the Bahamas when it all blew up!
tacker2000 4y ago
Well it seems the FBI are “mulling” it, but SBF is not impressed: https://thenassauguardian.com/mitchell-on-bankman-fried-extradition-rumors-i-dont-know-anything-about-it/ https://thenassauguardian.com/mitchell-on-bankman-fried-extr...
arthurcolle 4y ago
He is back in the US according to reports from a few days ago
- ddalex 4y ago
  Why, is he that stupid ?!
- spyder 4y ago
  SBF was just spotted earlier today in what appears to be a grocery store in the bahamas with no security or law enforcement around... https://twitter.com/psyopcop/status/1592977107281666049 https://twitter.com/psyopcop/status/1592977107281666049
  - deleted 4y ago
    [deleted]
  - notch656a 4y ago
    I wonder how much it costs to buy the worlds best double and a stowaway spot on some relatively uninteresting looking yacht headed out into international waters.
oarabbus_ 4y ago
He also donated $39M to political campaigns this year, likely winning him some favors from powerful people. Not to say it would protect him from criminal charges; but it's not unfeasible to think it could knock him down a few slots on the extradition priority list.
- iudqnolq 4y ago
  This is commonly repeated, but if you game out the incentives it doesn't hold up. Instead, politicians tend to sacrifice the worst criminal donors (see Madoff) to avoid scrutiny of the whole system. A politician wants to maximize future donations. SBF won't donate in the future, and other donors won't stick up for him. So why should politicians continue to deliver? A deep sense of fairness?
  - netheril96 4y ago
    > So why should politicians continue to deliver? If the politicians protect SBF to any extent, they signal to potential donors how useful a donation can be. Some of the rich will start donating or increasing their donations to get the same "get-out-of-jail-or-have-sentence-reduced" card.
    - fbdab103 4y ago
      I think it is a tacit agreement among white-crime - don't get too big. So long as you can stay out of the spotlight, you are probably fine. SBF was evidently way too greedy and far too public. This crash is spreading to the entire crypto economy and has a chance to bring it all down. Someone is going to be the sacrificial lamb, and there are few targets as juicy.
      - Ekaros 4y ago
        Also on certain level you have to have at least some level of plausible deniability for fraud committed. That is have enough players involved in it. Madoff failed this. And if even fraction of what SBF has done is true. Yep, he is also going away. As this has entered outright territory of fraud.
misiti3780 4y ago
My friend lives and works there (not at FTX), he said he saw him walking around yesterday without personal security but with federal escorts.

It's not that hard. The US has an extradition treaty. Now, Bahamanian charges may take precedence, but that could just mean getting extradited to the US as he is being released from a Bahamanian prison. It is possible to fight extradition under a few theories, but I don't see how they apply here.

Aleksdev 4y ago
I don’t think his trip to the Bahamas was a coincidence so I think he will use his resources to make it difficult. Also another thing to consider is wether he will stay in the Bahamas if it becomes a problem.
- HWR_14 4y ago
  He was based in the Bahamas for their lax securities regulations. He didn't run there when things went bad, he was living in a penthouse there.
  - arthurcolle 4y ago
    *He and his polycule harem of mostly men and Caroline Ellison, someone with zero finance knowledge yet somehow running a multibillion dollar hedge fund
    - HWR_14 4y ago
      There is no evidence it was a polycule and if it was the fact that they are mostly men would only be brought up for homophobic reasons. He and Caroline Ellison were apparently involved. I have no idea why any of that really matters.
      - arthurcolle 4y ago
        You're right the wording in my original post was terrible, I apologize and can see that it could appear offensive as written. It doesn't matter and isn't relevant to the core facts that he clearly stole and misappropriated billions of dollars from his company's depositors and engaged in fraud, wire fraud, misuse of funds, self-dealing, and other criminal activities that were explicitly for the purpose of enriching himself. In my opinion, I do want to say that given the more provocative elements of the story, I get a sense that it seems to point to a larger-than-life lifestyle involving people working together and engaging in activities that mixed drugs, sex, and huge amounts of money - not to mention the "conspiratorial" elite connections to political figures and academics that are connected via SBF and Caroline Ellis. Given that so many people were impacted by what are crimes, as can be seen by how ferociously the twitter sphere is picking at all parts of the story - it appears that everything is under judgement, frankly.
        thfuran 4y ago
        >by what are crimes, as can be seen by how ferociously the twitter sphere is picking at all parts of the story Making Twitter angry is illegal now?
        HWR_14 4y ago
        Their in-house psychiatrist to write them all scrips said that the amount of drugs and hooking up was way overstated. Maybe? Maybe it's the dealer saying there are no drugs? I have no idea. "Rich 20-somethings like drugs and sex on tropical beaches" is a pretty uninteresting story to me. "Rich 20-somethings do so much adderall that they code backdoors instead of having sex whith tropical beaches are outside" is at least more interesting to read about.
  - Aleksdev 4y ago
    Well he did coincidentally go to the Bahamas and went MIA on social media right before things started to collapse. I would call that running.
    - HWR_14 4y ago
      He's still giving interviews on Twitter to Vox journalists and somehow to NYT journalists. The Bahamas are both his full time residence and as of last year his listed permanent residence. A minor detail in the scheme of decabillions of, at best, mismanagement.
  - coffeebeqn 4y ago
    I do wonder how much money has gone to local/state officials pockets. From SBFs previous billions
    - ALittleLight 4y ago
      I think the promise of future bribes buys you favors. Past bribes, and the inability to pay future bribes, won't get you very far.
  - misiti3780 4y ago
    also he is presumably not a citizen.
- blitzar 4y ago
  > I don’t think his trip to the Bahamas was a coincidence Not at all a coincidence. It is where he lived and where his company was based. No coincidence at all he was in the Bahamas when it all blew up!

tacker2000 4y ago

Well it seems the FBI are “mulling” it, but SBF is not impressed: https://thenassauguardian.com/mitchell-on-bankman-fried-extradition-rumors-i-dont-know-anything-about-it/ https://thenassauguardian.com/mitchell-on-bankman-fried-extr...

arthurcolle 4y ago

He is back in the US according to reports from a few days ago

ddalex 4y ago
Why, is he that stupid ?!
spyder 4y ago
SBF was just spotted earlier today in what appears to be a grocery store in the bahamas with no security or law enforcement around... https://twitter.com/psyopcop/status/1592977107281666049 https://twitter.com/psyopcop/status/1592977107281666049
- deleted 4y ago
  [deleted]
- notch656a 4y ago
  I wonder how much it costs to buy the worlds best double and a stowaway spot on some relatively uninteresting looking yacht headed out into international waters.

oarabbus_ 4y ago

He also donated $39M to political campaigns this year, likely winning him some favors from powerful people. Not to say it would protect him from criminal charges; but it's not unfeasible to think it could knock him down a few slots on the extradition priority list.

iudqnolq 4y ago
This is commonly repeated, but if you game out the incentives it doesn't hold up. Instead, politicians tend to sacrifice the worst criminal donors (see Madoff) to avoid scrutiny of the whole system. A politician wants to maximize future donations. SBF won't donate in the future, and other donors won't stick up for him. So why should politicians continue to deliver? A deep sense of fairness?
- netheril96 4y ago
  > So why should politicians continue to deliver? If the politicians protect SBF to any extent, they signal to potential donors how useful a donation can be. Some of the rich will start donating or increasing their donations to get the same "get-out-of-jail-or-have-sentence-reduced" card.
  - fbdab103 4y ago
    I think it is a tacit agreement among white-crime - don't get too big. So long as you can stay out of the spotlight, you are probably fine. SBF was evidently way too greedy and far too public. This crash is spreading to the entire crypto economy and has a chance to bring it all down. Someone is going to be the sacrificial lamb, and there are few targets as juicy.
    - Ekaros 4y ago
      Also on certain level you have to have at least some level of plausible deniability for fraud committed. That is have enough players involved in it. Madoff failed this. And if even fraction of what SBF has done is true. Yep, he is also going away. As this has entered outright territory of fraud.

misiti3780 4y ago

My friend lives and works there (not at FTX), he said he saw him walking around yesterday without personal security but with federal escorts.