When the Justice Department first announced and historic indictment of a wellknown American Billionaire and political figure. Former billionaire Sam Bankman Fried Under Arrest and facing charges. Was once hailed as the king of crypto. Today, Sam Bankman Fried, founder and former ceo of exchange ftx is facing criminal indictments and a wave of civil complaints. The Sam Bankman Fried indictment, a huge, complex case involving billions of dollars in fraud complicated financial instruments, International Currency exchanges and a whole lot more. It was a first of its kind case for the Justice Department. And, for the judicial system that would hear that case. And, it took 10 months for that case, with all of its myriad complexities, to go to trial. Sam bankmanfried was indicted in the month of december by the following october, he was sitting in a courtroom. As it turns out, that is a fairly standard amount of time for major cases. In october of 2017, former Trump Campaign manager Paul Mana
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so i think that speaker pelosi quite rightly realizes there s a messaging issue here and it needs to be explained in straightforward terms without any latin involved so that people can understand the alleged wrong doing on the part of the president. the only other thing i would say is i think she s probably mistaken in referring to this as bribery if, in fact, it occurred as they are presenting. it was probably extortion. hey, i have something you need. i m not giving it to you unless you give me something that i need. not by the way for my country, but for my personal plal objective. that s more extortion than it is bribery. but to your point, extortion doesn t appear in the text of the constitution. bribery does. i doubt, though, we re going to hear the it was only extortion defense from the white house on this. because extortion could easily fit into high crime and
of cash transactions. when there are when they are filed and when transactions are structured in a way to avoid those requirements. what happened here it appears is that the fbi was informed ptthe fbi went to hastert and hastert told them what frankly seem as ridiculous story, using s money for himself and even more incredibly that he didn t trust the banking still. why he was taking out so much money. this alleged sexual misconduct against a former student. theoretically it might have been criminal. i suppose also a possible statute of limitations on such a charge? certainly there s, those are both possibilities. there s also a possible defense here which is an extortion defense, which hastert could say, look, this guy came to me making outrageous false accusations but to protect my family i decided to pay him this money. that is a theory a defense that