I wonder if someone at the firm out-Sammed Sam? He's a day trader who hit it big taking big risks

And for Gods sake let noone start talking about crypto being so complex who could possibly have known. This story is ALL about governance, govt oversight and monitoring the movement of cash. Elements common to every business.

This is going to get very bad for the Bahamas as the news of what "wasnt" done gets laid out in court in embarrassing detail. I wonder if any Bahamain officials will have to testify

Wire fraud, money laundering.

Lol. This had **nothing** to do with what the Bahamas initiated or wanted to do. Left to them, Sam would have lived in obscurity for decades. They don't want FTX in the headlines. The evidence gathered, the indictment and arrest were the work of the US justice department. Our police dept didnt even interview the man till it was embarrassingly obvious that they hadn't interviewed him

Anyone on the SCB board who was also on the board during the reign of FTX needs to resign. Immediately. And I realize that some of them may be qualified good people. Post them elsewhere. This cannot be left to stand. The govt has waited too long to act on everything hoping the story would go away. It wont. He's charged with wire fraud and money laundering in this NEW industry that we lauded to the world and "nobody" had a clue??? Nobody realized he was investing funds for Bahamians? Nobody knew he was offering 12% interest to local banks for **cash** a full year ago?? Nobody thought that was strange?? Nobody knew he didn't have a certified Risk Manager on staff. It was the first question I asked when news of what happened broke and I'm no fin as nce expert but **nobody** knew? Nobody knew billions in CASH was being moved around from bank accounts that had customer funds??? **Sorry, The Bahamas cant assume the Pontius Pilate position, somebody was grossly negligent**. Brave Davis needs to start taking his duties as finance minister seriously. He cannot abdicate his responsibilities to the FS. He needs a team of qualified experts unafraid to speak truth advising him if we're to get anywhere. This makes us look extremely incompetent

"*the joint provisional liquidators assert, their work will be severely curtailed without access to FTX Digital Markets’ books and records, and they will be unable to fulfill their Supreme Court-ordered mandate to protect assets and maintain their value for the benefit of the Bahamian company’s numerous creditors.*"

What was the SCB doing?? **How could they have written a DARE Act without putting in place the requirements to protect clients' assets?**. Saying well, they control the server is ridiculous. Demand the server data be maintained or at minimum replicated locally. **This just sounds like another of the *nothing will ever go wrong rose coloured glasses* projects that we launch year after year. Marijuana will be the next one, the only difference is the fallout will be dead people**

That would be true if our govt could direct the actions of the police and law enforcement everywhere. "Sadly" its beyond their control. You only need to look at Ryan Pinder's too late speech to understand this isnt the same ole same ole.

Yup. Everyday I hear more and more men whom I'd assumed to be honourable saying "*what wrong with that* when weighing in on slippery slope issues. We've completely lost our ethics and honour compasses

just like the carnival. Apparently everybody but the general public knew they was paying off the ruling party of the day to operate. And when you in a relationship with "only" the ruling party giving them hundreds of thousands of dollars or you cant open, there's only one word for that