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

https://www.sec.gov/news/press-release/2022-219



https://s3.documentcloud.org/documents/23448545/sbf-sec-charges.pdf

 

lol. and yes, @Sweet Lou 4 2 , I am laughing at Sam Bankman-Fraud's parents

https://www.thefacultylounge.org/20...e-to-realize-when-someone-needs-a-lawyer.html

December 13, 2022
How Many Stanford Law Professors Does It Take to Realize That Someone Needs a Lawyer?
From the Wall Street Journal (via the Daily Beast):

Sam Bankman-Fried’s Parents Face Financial Ruin From His Legal Fees: Report
The Journal also reports that as FTX’s implosion began, [Prof. Joseph] Bankman contacted David Mills, a Stanford Law colleague who specializes in criminal defense. Within a few days, Mills reportedly contacted Bankman to warn: “Sam needs lawyers, and desperately.”

Seriously? A few days?
​

 

So is Gary recusing himself from possible connections "swirling around Twitter" or did Caroline cop a full plea bargain rendering it "moot and unnecessary"?

The SEC is a joke. Has been for quite some time.

 

Did he care that you were posting a lot of **** on a Basketball BBS?

Because we know that's what gives your life meaning.

 

millions in customer funds laundered into Democrat campaign coffers

 

Turley puts on his tin foil hat

The Justice Department Faces Questions After Effectively Preventing Bankman-Fried from Testifying in Congress

https://jonathanturley.org/2022/12/...ng-bankman-fried-from-testifying-in-congress/

excerpt:

The arrest of Sam Bankman-Fried yesterday was sudden and unexpected in light of Bankman-Fried’s plan to testify before Congress. As a criminal defense attorney, my reaction to the arrest last night remains unchanged: this is the first time that I can recall where prosecutors moved aggressively to stop a defendant from making self-incriminating statements. His testimony would have been entirely admissible and likely devastating at trial.

I previously wrote how Bankman-Fried was doing harm to his case by speaking in the media and to Congress. So why would the Justice Department move to stop the self-inflicted damage? You have a major target who was about to voluntarily testify for hours.

That is ordinarily a dream for prosecutors, but the Justice Department moved quickly to prevent that from happening. At that stage, Bankman-Fried was not charged or in custody. He was not protected by Miranda or other constitutional rules from self-incriminating statements.

Indeed, some of us had already warned that he was causing himself considerable damage in making such statements. This was a defendant with a large legal team facing possible criminal charges who seemed eager to speak about his actions and motivations. Most prosecutors would sit back, make popcorn, and watch this unfold.

The curious move led many to question whether the Biden Administration was eager to prevent questions on Bankman-Fried’s political contributions and associations. He was the second highest donor to Democratic causes in the last election cycle. His mother, a law professor at Stanford also heads a major Democratic campaign fund.

It is also possible that the Justice Department simply wanted to show the public that it was moving aggressively despite his close Democratic ties. It may have secured sufficient evidence (including possible cooperating witnesses) to satisfy the basis for charges and an extradition request. Moreover, the charges are likely to make some Democratic figures uncomfortable as this matter enters the criminal process.

Yet, that still does not explain why the Justice Department would not want to hear a full account from Bankman-Fried before effectively shutting him down as a criminal defendant. This is the first time that I can recall where the prosecutors, rather than defense counsel, moved effectively to muzzle a defendant.

Whatever the motivation, the timing of the charges effectively stopped the windfall of information coming from Bankman-Fried.​

more at the link

 

more tin foil

The Curious Timing of Sam Bankman-Fried’s Arrest

https://www.nationalreview.com/2022/12/the-curious-timing-of-sam-bankman-frieds-arrest/

 

Was it only illegal now?

 

They're flexing on crypto and making an example of FTX and SBF.

This is only going to drive crypto offshore more than it already is.

 

If this were the reason for the sudden arrest, it would not be the first time the Democrats who run the Justice Department accommodated the whims of congressional Democrats. But is it the reason? There are reports that SBF, despite being a progressive darling until the recent contretemps, also donated heavily to Republicans — although he says he did it through “dark money” vehicles because these are less public and thus less apt to draw the ire of the media–Democrat complex. (The Guardian reports SBF’s elaboration on the claim that he gave more or less equally to both parties: “‘All my Republican donations were dark,’ he said, referring to political donations that are not publicly disclosed. ‘The reason was not for regulatory reasons, it’s because reporters freak the f*** out if you donate to Republicans. They’re all super liberal, and I didn’t want to have that fight.’” It has been reported that SBF’s associate Ryan Salame, an executive at FTX Capital Markets, donated about $23 million to Republicans and GOP PACs.)​

Even if SBF donated somewhat equally to Republicans as Democrats, I think an open discussion of it will hurt the image of Democrats much more. It's taken for granted that Republicans are shameless.

So, I can buy the theory that the timing of the arrest had something to do with avoiding testimony that might harm Democrats politically.

 

Wingnuts: Why Hasn't SBF been arrested?!!!
Wingnuts: Why Was SBF just arrested?!!!

 

Leftists are notorious for defending crypto exchange bros