FTX Saga

[spr1975wshs]

Other crypto exchanges are reporting financial trouble since the FTX collapse.
One called Binance has had almost a billion dollars in cash out in the past day or so, with no cash in.

 

[GURPS]

Prosecutor says Bankman-Fried made "tens of millions of dollars” in illegal campaign contributions​

U.S. Attorney Damian Williams said at a press conference that Bankman-Fried made "tens of millions of dollars" in illegal campaign donations, presumably using the roughly $26 billion he commanded at the peak of his net worth.

Williams called the overall scandal surrounding Bankman-Fried "one of the biggest frauds in American history."

The fallen crypto mover is facing a wide variety of charges from prosecutors, including wire fraud, money laundering, and other crimes.

He could face decades in prison if convicted on those counts.

 

[limblips]

Uhoh!

 

[LightRoasted]

For your consideration ...

What I'm waiting for is the argument that for those that question his actions and/or demand his imprisonment, will be considered anti-semetic. It's coming, ya know it is.

And ........ Here it is. That didn't take too long.

Accused FTX Crypto Scammer Sam Bankman-Fried Claims He's The VICTIM of Anti-Semitism in Bid to Escape Charges

FTX founder Sam Bankman-Fried sought to escape charges for his shady crypto exchange's collapse by telling Congress that he's the victim of anti-Semitism

www.informationliberation.com

 

[stgislander]

He's gotta do/say anything possible to get the Bahamas to not extradite him back to the US.

 

[stgislander]

Charles Payne said yesterday that FTX was using Quickbooks Accounting software to run billion $ business.

 

[GURPS]

Sam Bankman-Fried denied $250K cash bail offer after begging judge to be let loose over vegan diet, ADD​

The hearing, which started at 10:30 a.m., was delayed several times, including over legal discussion on whether the well-connected Democratic donor could get bail, Eyewitness News Bahamas said.

Prosecutors maintained that the mogul once estimated to be worth $32 billion posed a clear flight risk, the local outlet said.

Bankman-Fried’s lawyer Jerome Roberts offered up the cash bail and for his client — who has already surrendered his passport — to wear an ankle bracelet in exchange for his release, Bloomberg reported.

Ferguson-Pratt said she needed time to consider the arguments because “rushed justice is no justice at all,” and later issued her decision, remanding Bankman-Fried into custody until a Feb. 8, 2023, court date.

 

[GURPS]

The curious timing of ‘scammy’ Sam Bankman-Fried’s crypto-bust​

Some members were said to be looking forward to a good grilling of the alleged fraudster, about what happened to the $8 billion that’s gone missing from his collapsed cryptocurrency exchange FTX.

And it is fair to say, some weren’t.

As it turned out, Democrats — and perhaps Republicans — were spared the embarrassment. SBF was conveniently arrested in the Bahamas, just hours before his Zoom testimony before Chairman Waters’ hearing.

She was oh so disappointed that SBF couldn’t appear, but the hearing would struggle on, hearing from FTX’s new bankruptcy CEO John Ray III about the extraordinarily lax record keeping in what he called a “paperless bankruptcy.” “Never in my career have I seen such a complete failure of corporate controls.”

 

[GURPS]

Please sir, can he have some vegan food? SBF's family call 'hellhole' Bahamas prison to request special diet for son as he rots in hospital wing away from general population - after being denied bail for $1.8billion fraud ​

Put Fatso on a bread and water diet

 

[PrchJrkr]

That boy sure doesn't look like he's been following a vegan diet. :chubby:

 

[GURPS]

That boy sure doesn't look like he's been following a vegan diet. :chubby:

High Carbs and Lots of sugar

 

[Sneakers]

It's that all-vegetable cooking grease.

 

[GURPS]

Bahamas Chief Magistrate JoyAnn Ferguson-Pratt denied bushy-headed Sam Bankman-Fried’s petition to be released on bail, citing a “great” risk of flight — you don’t say — and ordered the former FTX CEO to be holed up with the Caribbean nation’s department of corrections until February 8th.



Sam, 30, protested the decision, telling Chief Magistrate Ferguson-Pratt that he couldn’t go to jail, mostly because he is vegan, and also because he’s ‘depressed.’ His Stanford law professor mother, Barbara, laughed when prosecutors described Sam as a ‘fugitive’. Sam also denied that he’d ever done anything wrong, and told the court he was planning to tell Congress that he could repay all of the people who have lost money ‘tomorrow’ if his assets are unfrozen, despite previously filing for bankruptcy.

Sam will be visiting with a nice facility known as Fox Hill, the Bahamas’ only prison. The UK Daily Mail described the jail as being well-known for overcrowding and unsanitary conditions, even describing it as a “third world hellhole.”

☕️ SUPERHEROES ☙ Thursday, December 15, 2022 ☙ C&C NEWS 🦠

Trump teases announcement; Biden drives Saudis to our enemies; celebrity and royal SADS deaths; Australia leads the war against SADS; no bail for Bankman-Fried and testimony leaks; freed covid docs.

www.coffeeandcovid.com

 

[stgislander]

Supposedly he tried to play the antisemitism card too. Fortunately that didn't work either.

 

[LightRoasted]

For your consideration ...

She rolled on him.

Two of SBF's closest associates just took pleas, will cooperate in case against him

Just as SBF is extradited to the U.S.

mashable.com

A good compendium of information on FTX's operations.

These are the Ways Crypto Broke in 2022

Crypto enthusiasts were brimming with optimism at the beginning of 2022. As the year went on, the crypto winter’s chill gave rise to a blizzard of contagion.

www.bloomberg.com

 

[GURPS]

A Biden and Bankman-Fried connection emerging?​

Thomas Lifson and other observers have noticed the strange kid-glove treatment that accused crypto-fraudster Sam Bankman-Fried has been getting since his arrest in the Bahamas after reportedly misappropriating and losing billions in customer funds.

It was natural to note the huge campaign funding Bankman-Fried delivered, particularly to Democrats, at least $40 million, making him their second-largest donor.

But now another shoe seems to be dropping, based on this report from Bonchie at Red State here:

Sam Bankman-Fried, the man at the center of the FTX scandal, is back on US soil after having been extradited from the Bahamas to face federal charges. Naturally, because our justice system is about as coherent as a two-year-old quoting Shakespeare, the notorious fraudster was immediately granted bail and is now spending the holidays with his family. The American oligarchy is alive and well.
But I digress, there’s a lot more to the FTX scandal than just Bankman-Fried’s fate, and one of the more interesting aspects of the entire ordeal is just how close many Democrats were to him. In fact, according to Politico, a Democrat operative and close advisor to Bankman-Fried named Sean McElwee had a direct backchannel setup with the White House.

 

[GURPS]

Sam Bankman-Fried's late night visit from glamorous crypto influencer revealed: Tiffany Fong says accused fraudster is 'surprisingly optimistic' but struggled with the 'lack of mental stimulation' in jail​

Is crypto influencer another word for Gold digger or Whore

 

[stgislander]

... 'lack of mental stimulation' in jail. Meaning they didn't give him video games in jail to keep him occupied.

 

[GURPS]

PornHub access

 

[RoseRed]

Of course...

DOJ Drops Campaign Finance Charge Against Dem Megadonor, Alleged Fraudster

The Department of Justice has dropped a campaign finance charge against disgraced former crypto tycoon Sam Bankman-Fried (SBF) on Wednesday night.

dailycaller.com