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this is a simple case in my mind of where did the money go and I said Sam walk me back 24 months tell me the use of proceeds of the assets of your company where did you spend it and then he told me about a transaction that occurred over the last 24 months the repurchase of his shares from binance his competitor I didnt know this at the time but at some point CZ or binance who runs binance purchased 20 ownership in sandbank and Freeds firm for seed stock apparently according to Sam bankman freed CZ would not comply with The Regulators requests in these different geographies these different jurisdictions to provide the data that would clear them for a license he withheld it according to Sam Beckman freed the only option the management and sandbankment freed had was to buy him out
