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The Arrest of Sam Bankman-Fried Only Marks the Start of Expected Lengthy Legal Proceedings

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The arrest of SBF in the Bahamas is only the start of what is expected to be a lengthy legal proceeding that could involve extradition to the US. 

SBF had been scheduled to testify in Congress before the US House Committee on Financial Services on Dec 13, 2022. However, following news of SBF’s arrest in the Bahamas, the Chairwoman of the House Financial Services Committee released the following statement on Monday, December 12, 2022:

SBF is scheduled to appear on Tuesday, December 13, 2022, in the Magistrate Court, in Nassau, the Bahamas. SBF is facing charges and scrutiny from several authorities and other law enforcement agencies, including prosecutors for the Southern District of New York, the US Securities and Exchange Commission (SEC), the US Department of Justice (DOJ), Department, and the Commodity Futures Trading Commission (CFTC).

SBF Sam Bankman-Fried
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