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john: seems the very definition of a ponzi scheme, collect money in one area and shift it to another area and the people who gave you the money will not get paid back and neither will the ones who the money got shifted to. i mean, it s crazy. sandra: massive, and red flags were being ignored for quite some time. john: but they figured it out in the end. sandra: kudos to them. see you martha: thank you. good afternoon. i m martha maccallum. 30-year-old sam bankman-fried is increasingly hot water. now still in the bahamas. he s charged with fraud with money laundering and a bahamian prosecutor says if he denies the extradition plan, that when he gets here, they re saying the judge should deny him his bail. this as his arrest yesterday got him out of testifying on capitol hill. he was expected to do that by ....
Protesters were arrested. police used pepper spray. to put that in context, seven arrests with perhaps more than a million people marching against this extradition order does say th that, a, largely peaceful. b, it shows the depth of anger against this extradition plan by the hong kong government. tell me more about this extradition plan and help our american viewers understand what is the root of the anger. this massive protest was a powerful statement. i m wondering what the chances are it makes a difference. that s a great question. the government has already said they are urging lawmakers to consider carefully when they vote next wednesday on this bill. they are certainly not acknowledging in any shape or form they are going to make any further amendments to the bill because of the protest. what the protests are all about is a fund meamental erosion of g ....
Kong s rights. when it was hanned back to china in 1997, there was a special agreement on a mini constitution, which protected hong kong from chinese. hong kong had its own laws. this extradition plan would mean china would be allowed to extradite people from hong kong to face the criminal judiciary system. it is opaque, in many cases unfair as we ve seen. there s something like a 99.3% conviction rate when you are tried in a chinese court. hong kong government says a case-by-case basis. we put safeguards in. it hasn t done anything to ease the real fundamental concerns hong kong is slipping ever closer into china s not only political but now judicial sphere when in theory we have got another 20 or so years to enjoy this mini constitution which guarantees hong kong s independence in many ways from ....