Images Emerge Of Democrat Megadonor Sam Bankman-Fried Under Arrest, Surrounded By Law Enforcement

Photos emerged Tuesday evening of Democrat megadonor and disgraced former FTX founder Sam Bankman-Fried in handcuffs, surrounded by highly armed law enforcement officials.

Bankman-Fried’s attorney tried to get the judge to allow his client to post bail by arguing that Bankman-Fried suffered from ADHD and he was on a vegan diet. The judge denied him bail.

Photographs and videos emerged of him being escorted out of the Magistrate Court in handcuffs after being charged with crimes by the U.S. Department of Justice.

BREAKING: #BNNUS Reports

Sam Bankman-Fried (@SBF_FTX) of (@FTX_Official) was seen being escorted out of the Magistrate Court building in handcuffs after being criminally charged by US prosecutors in Nassau, Commonwealth of the Bahamas. pic.twitter.com/toBPDiHTBe

— Gurbaksh Singh Chahal (@gchahal) December 13, 2022

Footage of SBF leaving court in handcuffs after being denied bail.

He will likely spend a lot of time behind bars.

pic.twitter.com/tvQwbo2iCl

— Coinsprout (@coinsprout) December 13, 2022

SBF leaves court in handcuffs (via @Reuters) pic.twitter.com/rDdSmMdA3h

— BecauseBitcoin.com (@BecauseBitcoin) December 13, 2022

Bankman-Fried faces spending the rest of his life behind bars after an eight-count indictment was unsealed Tuesday against him in federal court.

A Manhattan federal grand jury charged Bankman-Fried, 30, with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance violations, the Department of Justice said in a statement.

Prosecutors allege that Bankman-Fried misappropriated billions of dollars of customer funds deposited into the cryptocurrency exchange that he founded, FTX, and lied to investors and lenders about the company and about his cryptocurrency hedge fund Alameda Research.

Bankman-Fried and his co-conspirators were deceiving and conning customers of FTX from the inception of the company, prosecutors said. He allegedly used billions of dollars from customers for his own personal use, to repay loans owed by Alameda Research, and to donate millions of dollars to political campaigns. Bankman-Fried was the Democrats’ second largest donor this last political cycle, donating tens of millions of dollars to Democrat candidates and left-wing groups.

Bankman-Fried also defrauded lenders to Alameda Research and equity investors in FTX by hiding his misuse of customer deposits, prosecutors alleged. Bankman-Fried tried to conceal the millions he gave to politicians by making his co-conspirators make the contributions under their names, say prosecutors.

Bankman-Fried faces up to 115 years in prison if convicted of the following crimes:

Count One: Conspiracy to Commit Wire Fraud on Customers; up to 20 years in prison if convicted. Count Two: Wire Fraud on Customers; up to 20 years in prison if convicted. Count Three: Conspiracy to Commit Wire Fraud on Lenders; up to 20 years in prison if convicted. Count Four: Wire Fraud on Lenders; up to 20 years in prison if convicted. Count Five: Conspiracy to Commit Commodities Fraud, up to 20 years in prison if convicted. Count Six: Conspiracy to Commit Securities Fraud, up to 5 years in prison if convicted. Count Seven: Conspiracy to Commit Money Laundering, up to 5 years in prison if convicted. Count Eight: Conspiracy to Defraud the United States and Violate the Campaign Finance Laws; up to 5 years in prison if convicted.

U.S. prosecutors called Bankman-Fried “one of the biggest financial frauds in American history.”

Biden Poised To Approve Sending Patriot Missile Battery To Ukraine: Reports

The Biden administration is preparing to send the Patriot missile defense system to Ukraine to help its forces fend off Russian aerial attacks, according to multiple reports.

Pentagon officials are putting together a plan which would need to be approved by Defense Secretary Lloyd Austin, after which it would be subject to final approval by President Joe Biden.

Officials told CNN that approval is expected, and an announcement could come as soon as this week. The White House, Pentagon, and State Department have so far declined to comment on the reports published on Tuesday.

The Patriot surface-to-air system, among the most advanced hardware provided to Ukraine in its efforts to fend off a full-scale Russian invasion that began in late February, is designed to counter missiles and aircraft. The Biden administration has already given about $20 billion in military aid to Ukraine over the course of the war, including mid-range defensive National Advanced Surface-to-Air Missile Systems, per The Washington Post.

In recent months, Kyiv has pressed its Western allies for more sophisticated weapons. “Unfortunately, Russia still has the advantage in artillery and missiles,” Ukrainian President Volodymyr Zelensky said in a speech to the Group of 7 nations on Monday.

Although there has been concern about escalation provoking the ire of Moscow, Russian attacks on civilian infrastructure in Ukraine as the frigid conditions of winter return factored into the decision to push ahead with transferring the Patriot battery, officials told the Associated Press. Other U.S. allies, including Germany, Israel, Saudi Arabia, and Japan, have purchased the Raytheon-made system.

During a call with Zelensky on Sunday, Biden “highlighted how the U.S. is prioritizing efforts to strengthen Ukraine’s air defense through our security assistance, including the December 9 announcement of $275 million in additional ammunition and equipment that included systems to counter the Russian use of unmanned aerial vehicles,” according to a White House readout. This comes amid reports of Russia using Iranian-made drones to attack infrastructure in places such as Kherson, Mykolaiv, and Odesa.

Certain details about a Patriot system transfer remain unclear as of press time, including how many missile launchers would be sent to Ukraine. Officials told CNN that Ukrainians would be trained to use the systems at a U.S. Army base in Germany.