The FTX scam, Sam Bankman-Fried, the Clintons and the Democrats

It's amazing how you claim to think Trump is dangerous and yet share content from someone who literally denied election results and bought into Trump's narrative that the vote count was rigged by millions of votes.


Why is this your source of information? What makes these people credible. What do you like about these people who share these thoughts?

 

No mention of conspiracy theories or nothing burgers.

 

Maybe she's afraid what this witness will be questioned about...maybe even concerning political donations she personally received?

Naaaaaaaaaaaaaaaah..... couldn't be that!

 

It's so hilarious because the most viscous rhetoric about crypto bros comes from the left. The left hates people like this guy and his and Elon's philosophy of "effective altruism"

 

Do you actually care about political donations and corruption or only when people you ideologically disagree with do it?

And yes I have repeatedly made rants about politicians like Pelosi and Clyburn.

 

And I don't think the issue is so much with "effective altruism" as it is some of the potential consequences of longtermism specifically. There are nuanced approaches to longtermism, and I think there's value in thinking about moral problems with a more long-term orientation since we are naturally biased towards shorttermism.

 

I don't think people like Musk or this guy sincerely care about "effective altruism". I think they use it as part of their grift/wealth accumulation. It's PR essentially.

It's a convenient way for extremely wealthy and powerful people to claim they have the solutions through individual charity and personally financed projects rather than society as a whole via taxing the **** out of them.

 

WH won’t say if Biden will return 2020 donations from Sam Bankman-Fried

https://nypost.com/2022/12/13/wh-wo...return-2020-donations-from-sam-bankman-fried/

excerpt:

In the 2020 election, Bankman-Fried spent $10 million backing Biden’s campaign — much of that indirectly.
​

more at the link

 

Well, that's going to put a wrench in some of his speaking engagements. Maybe he can arrange to zoom in from his cell.

 

Guy had like a month to get facial reconstructive surgery and disappear

 

As I stated earlier in the thread, dude is an amateur when it comes to being a capitalistic super-villain. Hubris coupled with 30yo invulnerability complex and a side of drug abuse got him in this mess.

All he had to do was 'commit suicide' and he'd be on a South American beach with Ken Lay and Epstein right now.

 

How folks like Do Kwon are still alive is beyond me. I guess some states like China can look the other way if you owe billions in stolen money...

 

Throwing the book at him now, then will try to uncover more crimes and nail him for those too?

United States Attorney Announces Charges Against FTX Founder Samuel Bankman-Fried | USAO-SDNY | Department of Justice

Damian Williams, the United States Attorney for the Southern District of New York, Merrick B. Garland, the United States Attorney General, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of an Indictment charging SAMUEL BANKMAN-FRIED, a/k/a “SBF,” with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance violations. The charges in the Indictment arise from an alleged wide-ranging scheme by the defendant to misappropriate billions of dollars of customer funds deposited with FTX, the international cryptocurrency exchange founded by the defendant, and mislead investors and lenders to FTX and to Alameda Research, the cryptocurrency hedge fund also founded by the defendant. BANKMAN-FRIED was arrested yesterday in the Bahamas on these charges and will be presented before a Bahamian magistrate judge today.

U.S. Attorney Damian Williams said: “One month ago, FTX collapsed, causing billions of dollars in losses to its customers, lenders, and investors. Now, a federal grand jury in New York has indicted the former founder and chief executive officer of FTX and charged him with crimes related to the phenomenal downfall of that one-time cryptocurrency exchange, including fraud on customers, investors, lenders, and our campaign finance system. As today’s charges make clear, this was not a case of mismanagement or poor oversight, but of intentional fraud, plain and simple.”

Attorney General Merrick B. Garland said: “The Justice Department has filed charges alleging that Samuel Bankman-Fried perpetrated a range of offenses in a global scheme to deceive and defraud customers and lenders of FTX and Alameda, the defendant’s crypto hedge fund, as well as a conspiracy to defraud the United States government. We allege that the defendant conspired to defraud customers by misappropriating their deposits; to defraud lenders; to commit securities fraud and money laundering; and to violate campaign finance laws. As this indictment demonstrates, the U.S. Department of Justice will aggressively investigate and prosecute alleged criminal wrongdoing in the financial system and violations of federal elections laws. We will continue to work to ensure U.S. capital markets operate honestly and with the integrity that investors, lenders, and the American people are entitled to.”

FBI Assistant Director Michael J. Driscoll said: “As the indictment today alleges, Bankman-Fried knowingly defrauded the customers of FTX.com through the misappropriation of the customer deposits to pay expenses and debts of a different company he also owned as well as make other investments. If you deceive and defraud your customers, the FBI will be persistent in our efforts to bring you to justice.”

As alleged in the Indictment unsealed in Manhattan federal court and court filings:[1]

SAMUEL BANKMAN-FRIED was the founder and chief executive officer of FTX, an international cryptocurrency exchange. Since 2019, the defendant and his co-conspirators perpetrated a scheme to defraud customers of FTX by misappropriating billions of dollars of those customers’ funds. As alleged, the defendant used billions of dollars of FTX customer funds for his personal use, to make investments and millions of dollars of political contributions to federal political candidates and committees, and to repay billions of dollars in loans owed by Alameda Research, a cryptocurrency hedge fund also founded by the defendant. BANKMAN-FRIED also allegedly defrauded lenders to Alameda Research and equity investors in FTX by concealing his misuse of customer deposits in financial information that was provided to them.

SAMUEL BANKMAN-FRIED and his co-conspirators made millions of dollars in political contributions funded by Alameda Research to federal political candidates and committees in advance of the 2022 election. To conceal the fact that those contributions were paid for using funds from a corporation and to evade contribution limits and reporting requirements, BANKMAN-FRIED caused contributions to be reported in the names of co-conspirators rather than in the name of the true source of the funds.

SAMUEL BANKMAN-FRIED, 30, of Stanford, California, is charged with two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering, each of which carries a maximum sentence of 20 years. He is also charged with conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to defraud the United States and commit campaign finance violations, each of which carries a maximum sentence of five years.

The statutory maximum sentences are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.

Mr. Williams praised the investigative work of the FBI. He also expressed appreciation for the assistance of the Justice Department’s Office of International Affairs, National Cryptocurrency Enforcement Team, Public Integrity Section, and the Drug Enforcement Administration, as well as that of the Securities and Exchange Commission and the Commodity Futures Trading Commission, both of which separately initiated civil proceedings against the defendant today. Mr. Williams further thanked the Bahamas Office of the Attorney-General & Ministry of Legal Affairs as well as the Royal Bahamas Police Force for their assistance.

This case is being handled by the Office’s Securities and Commodities Fraud Task Force. Assistant U.S. Attorneys Nicolas Roos and Danielle Sassoon are in charge of the prosecution. The Money Laundering and Transnational Criminal Enterprises Unit and Assistant U.S. Attorneys Samuel Raymond and Thane Rehn also contributed to the investigation.

The allegations in the Indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

 

Just a reminder that professionals (DOJ / US attorneys) do serious work while some people just like to spread wild conspiracy against them. The same sh*t happens to DHS/NIH/CDC and other agencies.

 

https://www.dailymail.co.uk/news/ar...-cuffs-hes-denied-bail-sent-Bahamas-jail.html

Bahamas based attorney Romona Farquharson told DailyMail.com exclusively that it's unlikely that SBF will be held in the general population of the nation's only real prison, the Bahamas Department of Corrections also known as Fox Hill Prison.

Farquharson said it's 'very likely' that the FTX founder will have his case heard by the Bahamas' Supreme Court before then. He could be granted bail by the nation's highest court.

Farquharson also said that SBF will likely spend around two weeks or longer in the prison's intake section and then possibly be moved to the prison's remand center where he will be kept away from violent offenders.

According to a US State Department report on the Bahamas in 2021, the prison is notorious for overcrowding and unsanitary conditions.

There is a lack of toilet facilities for prisoners, who are crammed in tiny cells with as many as eight other inmates. Those prisoners suffered sores from sleeping on the floor as the complex is infected with rats, maggots and insects.

 

Ding ding ding ding.

Actions speak louder than rhetoric/tweets.

 

Of course....!111!111 Now it's the timing of his arrest.....