Democrat Mega-donor and FTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday, just hours before he was scheduled to testify in front of the House Financial Services Committee on Tuesday.
Bankman-Fried was arrested after U.S. authorities filed criminal charges against him, U.S. Attorneys confirmed.
“Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY,” United States Attorney Damian Williams said. “We expect to move to unseal the indictment in the morning and will have more to say at that time.”
However, some politicians quickly pointed out Bankman-Fried’s arrest came just hours before his highly anticipated testimony before Congress.