benefitted and received money from sam bankman-fried. neil: the fact that two former confidants, caroline ellison and gary wong, they re obviously singing like canaries. they made a deal to cooperate with the government. if you re sam bankman-fried, what do you think? i would say plead early, plead often. the best thing he can do is never go to trial. if you ve already got people like his top two lieutenants already agreeing to the government that they will testify against bankman-fried, i don t know how he will put up a successful defense that he didn t know what was going on. they re going to say that he told me to do this, to move the money. sam bankman-fried is up on seven or eight counts of security fraud. he s talking about over 100 years in prison. it s to his advantage to plead now and plead and hope to get a good plea in the government.
extradition. he was sent back to jail for a time. yet another twist yesterday the same lawyer, very same day, told a group of reporters that he agreed to go along with it after all. so we ll see. once he does arrive here in new york he is facing eight federal charges wire fraud, security fraud, money laundering. you see at the bottom of the screen campaign finance violation. he was arrested about a week ago in the bahamas. if you had to sum up the charges against him you would say he is accused of using billions of dollars in customer deposits to his crypto currency exchange in order to finance his trading firm and also his lavish lifestyle. now fox has learned once he does arrive here in new york he is expected to be released on bail in a deal struck as we understand it between the prosecutors and the judge here. as you guys know, that at the end of the day is always up to
democrats are showing no signs of wanting to slow down on their reckless spending. meanwhile, another big breaking news, disgraced ftx founder sam bankman-fried is now facing wire fraud, money laundering, security fraud charges, following the collapse of his crypto exchange. you might remember he s the one accused of defrauding his customers and investors relating to the co mingling of funds with his hedge fund, alameda research losing billions in customer deposits all along the way. prosecutors also said that sbf gave to democrats. he appeared in court in the bahamas this morning and expected to be extradited to the u.s. at a later date. here s larry kudlow. how do you celebrate and spike the football with a 40-your high
bankruptcy early last month, and sam bankman fried resigned as ceo, the new ceo who took over came in and said ftx had no corporate governance, no real documentation as to what exactly it had in terms of assets, the estimate is over a million customers owed money now, and we are going through a bankruptcy process. it is bankruptcy process. it is important bankruptcy process. it is important you bankruptcy process. it is important you mentioned the corporate governance, sam bankman fried denies forward he says but he is not guilty of any fraud, but the charges against him are pretty weighty what his he accused of? this against him are pretty weighty what his he accused of? as you correspondence what his he accused of? as you correspondence in what his he accused of? as you correspondence in wire - what his he accused of? as you correspondence in wire fraud i correspondence in wire fraud and security fraud are the big one and the american commission says it will file its own secu
are thought to include wine from security fraud and money laundering. via fraud. his arrest coming on the eve of the testimony he was due to give to a us congressional enquiry looking into the demise of ftx. it was set up, of course, back in may of 2019. it became the second largest crypto currency exchange in the world, valued at 1.32 billion dollars and its t shirt wearing, crypto with as he was branded, founder, sam bankman fried was on paper at least one of the richest people in the world but then it was revealed that ftx had used customer funds to prop up a trading fund that was also run by sam bankman fried, that caused a run on people seeking to withdraw their investment and a whole was revealed in the