The US Attorney’s office for the Southern District of NY expects to move to unseal the indictment tomorrow morning per CNBC.
That was relatively fast—wonder if they were worried about flight risk or extradition delays and knew they could add charges later. So when the indictment comes out, remember that USAO/SDNY can add to it.
Overwhelmingly clear evidence, most likely in the form of a cooperating witness who can provide documents proving fraud, e.g., records showing Sam saying, “We’re going to have to lie to our customers to cover our losses.”
Concerned about additional harm he could cause, e.g., the mysterious withdrawals from FTX accounts shortly after the collapse.
Of these 3, the last 2 seem most likely to me. Sam probably isn’t a flight risk, given that he has deep connections in the United States.
The US Attorney’s office for the Southern District of NY expects to move to unseal the indictment tomorrow morning per CNBC.
That was relatively fast—wonder if they were worried about flight risk or extradition delays and knew they could add charges later. So when the indictment comes out, remember that USAO/SDNY can add to it.
I think it’s very very fast. A few possibilities:
Concerned he’s a flight risk.
Overwhelmingly clear evidence, most likely in the form of a cooperating witness who can provide documents proving fraud, e.g., records showing Sam saying, “We’re going to have to lie to our customers to cover our losses.”
Concerned about additional harm he could cause, e.g., the mysterious withdrawals from FTX accounts shortly after the collapse.
Of these 3, the last 2 seem most likely to me. Sam probably isn’t a flight risk, given that he has deep connections in the United States.
Anyone whose Guidelines sentence would be de facto life—and could easily be looking at 30+ years—is a potential flight risk in my book.