Sam Bankman-Fried arrested in Bahamas
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 13 December 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX has been arrested in the Bahamas, Goldman Sachs is considering cutting hundreds of jobs, Belgian police raided a European parliamentary office in a widening corruption scandal involving World Cup host Qatar, and Germany’s reliance on Russian gas has exposed a weakness that could derail the country’s economic success.
Mentioned in this podcast:
FTX founder Sam Bankman-Fried arrested in the Bahamas
Goldman considers hundreds of job cuts at consumer business
Fresh raids as Qatar corruption scandal rocks Brussels
Germany confronts a broken business model
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.9 | Good morning from the Financial Times. |
| 0:11.5 | Today is Tuesday, December 13th, and this is your FT News Briefing. |
| 0:18.8 | Sam Bankman-Freed was arrested in the Bahamas last night, |
| 0:22.0 | and a corruption scandal involving the European Union and Qatar is widening. |
| 0:26.9 | Plus, German businesses are struggling to adapt to the loss of Russian gas. |
| 0:32.2 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:41.9 | Police in the Bahamas yesterday arrested the disgraced Crypto Tycoon |
| 0:45.6 | Sam Bankman-Freed after formal notification from the US that it had filed criminal charges. |
| 0:51.3 | Bankman-Freed, or SBF, as he's known, headed cryptocurrency exchange FTX, which went bankrupt |
| 0:57.5 | last month. An indictment is due out this morning. To find out more, I'm joined by the FT's US |
| 1:02.0 | managing editor, Peter Spiegel. Hi, Peter. Good to be here, Mark. |
| 1:06.4 | All right, Peter, a little bit of late-breaking news last night. What do we know so far? |
| 1:10.0 | Yeah, much of the surprise of us, and frankly, I think Sam Bankman-Freed himself, |
| 1:14.3 | he was arrested by the Bahamian authorities in his apartment complex in NASA on the Bahamas, |
| 1:19.1 | where the late-grade FTX is now based. Essentially, the order of events was the US Attorney's |
| 1:26.1 | office here in Manhattan has filed, we don't know when exactly, because it's under seal. They have |
| 1:30.1 | filed an indictment against him. They informed the authorities in the Bahamas that the charges |
| 1:35.6 | are now here in court in Manhattan, and that's, please, we'd like to extradite him at some point. |
| 1:41.6 | So the Bahamian authorities basically have arrested him on the basis of their charges pending |
| 1:46.1 | in the US. Now, the Bahamian authorities have also said Monday night that the violations that he's |
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