He lied, wheedled, and conned right till the bitter end. Hours before Bahamian police slapped cuffs on Sam Bankman-Fried, the FTX founder was on Twitter making excuses and even proposing plans for a new business that would make his clients whole and redeem his disgrace. Sociopaths are like that.
But now the whole miserable charade has come to an end. We will get the bigger picture on Tuesday when the U.S. Attorney for the Southern District unseals its indictment, but for now, we know the authorities in the Bahamas arrested Bankman-Fried for the purpose of extraditing him. And if the New York Times's sources are correct, the Justice Department will throw the book at him with a litany of charges ranging from conspiracy to securities fraud to money laundering to wire fraud. A conviction will mean that, like Bernie Madoff before him, Bankman-Fried could receive a prison term of well over a lifetime.
