[ April 24, 2024 ]
Sam Bankman-Fried was scheduled to testify in front of the House Financial Services Committee.today. The Democrats were never gong to let that happen.
Why hasn’t the money been clawed back. Democrats must return the 100+ million of stolen money he gave them?
How didSam Bankman-Fried hire one of the top lawyers in the country with only 100k in the bank? Who is funding this?
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Maxine Waters refused to subpoena Sam Bankman-Fried because Biden and the Democrats received donations funded by SBF’s Ponzi scheme. See how that works? Why hasn’t Bankman-Fried been treated by the media like Madoff?
Related:
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- How The Democrats’ 2nd largest Donor Robbed A Million Investors, Nearly Wrecked the Most Sophisticated Financial System In History
- Here Are Democrats Who Got FTX Millions
- Democrat Maxine Waters Blew FTX Founder A Kiss – Will Now Lead Investigation Into FTX’s Collapse
- Bankrupt Cryptocurrency FTX Funded Fake Ivermectin, Hydroxychloroquine Studie
- “Ukraine Effort”: Billions to Ukraine Was Laundered Back to Democrats Via FTX
- FTX CEO Who Stole Billions in Cypto Ponzi Scheme Is DEMOCRATS’ Second Largest Donor After Soros
Disgraced FTX founder busted, charged with defrauding investors out of $1.8B
The 30-year-old was taken into custody after the Bahamian government received formal notification from the US of the charges against him, the Office of Attorney General in…
Disgraced FTX founder Sam Bankman-Fried busted in Bahamas, charged with defrauding investors out of $1.8B
By Emily Crane, NY Post, December 12, 2022:
Disgraced crypto king Sam Bankman-Fried has been arrested by authorities in the Bahamas — accused of having “built a house of cards on a foundation of deception” while defrauding investors out of $1.8 billion.
The 30-year-old was taken into custody after the Bahamian government received formal notification from the US of the charges against him, according to the Office of Attorney General in the Bahamas. He is facing charges from both US prosecutors and the Securities and Exchange Commission (SEC).
Damian Williams, the U.S. Attorney for the Southern District of New York, confirmed Bankman-Fried’s arrest and said the criminal indictment would be unsealed Tuesday.
“Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY,” Williams tweeted. “We expect to move to unseal the indictment in the morning and will have more to say at that time.”
The charges include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, the New York Times reported, citing a person with knowledge of the matter.
Disgraced former FTX co-founder Sam Bankman-Fried was arrested in the Bahamas Monday.
Early Tuesday, the SEC announced that it had also charged him with orchestrating a scheme to defraud investors in his doomed cryptocurrency FTX.
The complaint alleges that Bankman-Fried raised more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets.
He then diverted customer funds to Alameda Research LLC, his privately-held crypto fund, without telling the investors, according to the complaint.
Bankman-Fried was also accused of commingling FTX customers’ funds at Alameda to make undisclosed venture investments, lavish real estate purchases, and large political donations.
“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” said SEC Chair Gary Gensler.
“The alleged fraud committed by Mr. Bankman-Fried is a clarion call to crypto platforms that they need to come into compliance with our laws.”
The shaggy-haired former billionaire has been under investigation by the Justice Department ever since FTX — which had been among the world’s largest cryptocurrency exchanges — imploded and filed for bankruptcy protection on Nov. 11.
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5 Comments
D
1 year ago
Next time, try a country with no extradition with the US.
1 year ago
He is most likely to be Epsteined.
1 year ago
This is tantamount to the Demoncraps being able to “investigate” themselves…..AGAIN…!! Wonder if any Demoncraps will be “indicted/arrested”…?? I. SERIOUSLY. DOUBT. IT…..!!! When will this STEALING by the Demoncraps stop….steal votes….steal money….steal elections….steal money…..ad infinitum….!!
1 year ago
Truly … the oddest of Odd Couples.
1 year ago
He was also a megadonor to the Republicans. From Axios:
“The big picture: Bankman-Fried gave tens of millions to Democratic candidates and groups this cycle. He has said he also made large contributions to Republican political candidates but did so in a way that hid the donations
• “[R]eporters freak the f**k out if you donate to a Republican because they’re all super liberal,” Bankman-Fried said in an interview last month. “And I didn’t want to have that fight, so I just made all the Republican ones dark.”
• Bankman-Fried estimated he was actually the “second or third biggest” Republican donor in the country during the 2022 midterms but that he was able to shield those donations from public view.”
Isn’t that illegal?
