Yesterday Sam Bankman-Fried left his $40 million

Yesterday Sam Bankman-Fried left his $40 million penthouse and handcuffs and spent his first night in jail. He was arrested for eight different crimes and faces up to 115 years in prison. The Bahamian prison where Sam Bankman-Fried is headed is notorious for its harsh conditions, with one report detailing inmates removing human waste by bucket and living with rat infestations. But he was denied bail over FTX's collapse after judge rules his 'risk of flight is so great'. An attorney for the FTX co-founder had proposed that his client pay $250,000 cash bail and wear an ankle bracelet to be allowed to leave his cell. But he was denied bail and will ultimately sit there until his next hearing on February 8th. Imagine what is going on in this dude's head right now. SBF was arrested just as he was to testify to Congress about FTX. Here's what will happen at the hearing. Why not let him testify first? Politicians demand to know why Democrat mega-donor Sam Bankman-Fried was arrested the day before Congress hearing over FTX scandal - meaning he'll escape grilling by lawmakers. The arrest is causing controversy though because it comes conveniently one day before he was set to testify in front of Congress, where he'd likely incriminate himself. Either way, this is now being called 'One of the Biggest Financial Frauds in American History,' Says US Attorney. "We are not done" with charges, US Attorney Damian Williams said. This is now being called one of the greatest frauds of all time.