Saturday 24th of February 2024

lousy comparison that would insult T-bone.......

Sam Bankman-Fried, the former chief executive officer of crypto exchange FTX, has denied committing fraud.

The man once hailed as a legendary figure in the crypto industry told The New York Times he had had a "bad month" and had almost no money left.

The global crypto exchange, that was at one point valued at $32bn (£26.5bn), collapsed earlier this month.

Many investors have not been able to withdraw their funds from the now bankrupt platform. 

 

By Ben Derico & James Clayton

 

Mr Bankman-Fried also said his lawyers had advised him not to speak publicly but he had ignored their advice. 

He denied having moved any personal money out of FTX himself - saying he now has "close to nothing." 

 

Speaking from The Bahamas, he said he had one credit card left which had around $100,000 on it. 

In the interview he said he had not deliberately misled investors. 

"I didn't ever try to commit fraud," he said. 

However, asked several times about details of money movements between FTX and other entities, including the trading firm he owned, Alameda Research, he at times seemed sketchy in detail. 

He also said the company had indulged in "greenwashing" where firms engage in environmental projects for publicity. 

Mr Bankman-Fried was once viewed him as a young Warren Buffet.

 

READ MORE:

https://www.bbc.com/news/technology-63817522

 

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where did he get the cash?

 

Sam Bankman-Fried, the man accused of defrauding cryptocurrency investors out of nearly $2 billion, will be awaiting trial at his parents’ house in California, rather than in a New York jail cell, after a Manhattan judge agreed to release the FTX founder on a $250 million bond.

The shaggy-haired Bankman-Fried, who ranked as the second-largest donor to Democratic Party political campaigns in 2022, walked out of the US District Courthouse in Manhattan on Thursday afternoon, flanked by US marshals, lawyers and his parents. The bond, which matched the highest in federal court history, was reportedly secured by the 30-year-old entrepreneur’s parents, who pledged the equity in their home, and two wealthy individuals.

Bankman-Fried is accused by prosecutors of perpetrating “one of the biggest financial frauds in American history.” He was extradited from the Bahamas on Wednesday night and made his first court appearance on Thursday. He faces eight felony charges, including wire fraud, securities fraud, money laundering and campaign finance violations. If convicted on all counts, he could be sentenced to as many as 115 years in prison.

Assistant US Attorney Nick Roos argued that Bankman-Fried committed a fraud of “epic proportions,” but given that he voluntarily consented to extradition and lost most of his assets, the risk of letting him out on bail was a “marginal consideration.”

The bond was 25 times larger than that offered to Bernie Madoff, author of perhaps the most infamous Ponzi scheme in US history, in 2008. It matched the $250 million offered to Michael Milken, the “junk bond king” who pleaded guilty to stock manipulation and other charges in 1990.

Under his bail terms, Bankman-Fried was required to surrender his passport and remain in confinement at the home of his parents, who are both Stanford University law professors. He also must undergo mental health treatment and evaluation. He’s reportedly allowed to leave house arrest only for exercise and mental health and substance abuse treatment.

Bankman-Fried is scheduled to return to New York on January 3 for a pre-trial hearing in which he will enter his plea to the charges. Two of his top FTX associates, Caroline Ellison and Gary Wang, pleaded guilty to criminal charges and agreed to cooperate with the federal investigation of the company’s collapse.

 

 

READ MORE:

https://www.rt.com/business/568779-ftx-bankman-crypto-fraud-bail/

 

 

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gates and the bridge player....

Is Bill Gates about to get thrown under the globalist bus? After years of being Epstein Teflon, it seems that some of the nonstick is wearing off. The Wall Street Journal reports that convicted sex offender Jeffrey Epstein was blackmailing Bill Gates due to an affair he’d had with a Russian bridge player. Gates has said many times that he only met Epstein a few times but every time he says that, a new connection between the two men is revealed. They met dozens of times, shared several meals together, flew together on Epstein’s private jet, met together in France and shared most of the day together in September 2014 with other billionaires Epstein represented to many people that he had been working on behalf of the Bill & Melinda Gates Foundation. This new revelation about an affair smells….off. Is it a way for Gates to excuse away this familiar relationship? As in, “I had to hang out with him, he was blackmailing me.” Gates’ spokesperson told the WSJ that this was one of Epstein’s ploys because he had “failed repeatedly to draw Mr. Gates beyond these matters.” That also stinks. It implies that Gates knew more than he’s let on all along and continued to hang out with Epstein anyway. Or is it proof that there is way more in this layer cake of the Gates-Epstein saga?

 

READ MORE:

https://www.youtube.com/watch?v=OQ-5JRRybes

 

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WHY IS THIS IN THIS COLUMN OF COMMENTS?

GOOD QUESTION.... WELL, IT APPEARS THAT BILL GATES YOUNG SQUEEZE, IN THE 2010 ONWARDS, A "PROFESSIONAL" BRIDGE PLAYER, MADE REFERENCES TO MANY BRIDGE PLAYERS NOT BEING OLD.... AND IF YOU ARE VISUALLY ASTUTE LIKE OLD GUS, YOU CAN SEE THAT SHE ALSO REFERS TO OLD T-BONE HIMSELF.... WHO IS OLD T-BONE? WARREN BUFFETT OF COURSE. IT'S HIS CALL SIGN AS A BRIDGE PLAYER.....

 

 

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vaxx bullshit.....

https://www.youtube.com/watch?v=wL6MId9_T88

 

GUS CAN SWEAR THAT HE GOT COVID-19 AFTER BEING VACCINATED....

 

OMG this one deserves a medal; a stunning compilation... which vindicates us all for ever! Enjoy - and kudos to Matt Orfalea - subscribe to him here...

 

NOW WHAT IS THIS DOING HERE, IN THIS COLUMN?: BILL GATES!!!!!

 

 

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off the hook?....

https://www.youtube.com/watch?v=xNorGbFKOWI

 

Mega Democratic Donor Sam Bankman-Fried Let Off The Hook, Are They Protecting Him?

 

 

FTX founder Sam Bankman-Fried will no longer face a campaign finance charge at an October criminal trial. WHY?....

 

OH, I KNOW HE'S A DONOR TO THE DEMOCRATS!!!!. 

 

 

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yikes......

Yikes…..this entire video is not real…. This video is clearly satire/parody.

 

BREAKING: Sam Bankman-Fried found Guilty of 7 counts of Fraud and Conspiracy

 

https://www.youtube.com/watch?v=etk2HrknlWM

 

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