Posted on 03/16/2023 5:36:35 AM PDT by dennisw
Sam Bankman-Fried secretly transferred $2.2bn from FTX to his personal account and five members of his inner circle took $1bn more before crypto exchange collapsed, bankruptcy court filings claim
He faces federal charges related to FTX's collapse but has pleaded not guilty He is detained at his parents' house in California until the trial starts in October
Sam Bankman-Fried has secretly transferred $2.2billion from FTX to his personal account and $1billion to five members of his inner circle before the cryptocurrency exchange collapsed, according to bankruptcy court filings.
Bankman-Fried and five of his friends transferred $3.2billion in total to their personal accounts as 'payments and loans' using funds primarily coming from Alameda Research, a crypto trading hedge fund affiliated with FTX, according to financial statements filed with the bankruptcy court in Delaware on Wednesday night, according to the Financial Times.
John Ray, who was appointed to chief executive of FTX after the Chapter 11 bankruptcy filings in November, has been in charge of location cryptocurrency and other assets in order to return it to millions of FTX customers whose accounts have been frozen since the bankruptcy.
Bankman-Fried is currently facing several federal charges related to FTX's collapse as he is accused of looting the platform for personal gain as well as securities fraud.
He has pleaded not guilty and is detained at his parents' house in California until the trial starts in October.
(Excerpt) Read more at dailymail.co.uk ...
I think mimi madoff belongs in jail pending trial just like some of the patriots who did far less.
It wasn’t secret to those Democrats he was laundering money for.
This here’s a story about Billy Joe and Bobbie Sue
Two young lovers with nothin’ better to do
Than sit around the house, get high, and watch the tube
And here’s what happened when they decided to cut loose
They headed down to, ooh, old El Paso
That’s where they ran into a great big hassle
Billy Joe shot a man while robbing his castle
Bobbie Sue took the money and run
Go on, take the money and run
Go on, take the money and run
Go on, take the money and run
Go on, take the money and run
Well. It’s no wonder he’s under house arrest before trial. /S.
Our government does this yearly with trillions of dollars and we call it “equity”....Jail them!
detained at his parents house,
such is the life of a DNC major donor meanwhile J6, and a slew of conservative supporters and media are harassed jailed and lives destroyed
During his “house arrest,” they better damn well had cancelled his Netflix account, his personal trainer and his personal chef, too! That’ll teach him.
So true.... those still in jail as political prisoners due to their presence at the Capital on Jan 6 having their right to a speedy trial violated are particularly aggrieved, while these white collar criminals are free pending a trial? Oh, they game money to the Democrats so that’s ok! I’m pretty sure his IRS returns won’t be investigated since it likely show where his money ended up... certainly a forensic accounting would find that. Never will happen however...look for a plea deal so the details are never released.
detained at his parents house,
such is the life of a DNC major donor meanwhile J6, and a slew of conservative supporters and media are harassed jailed and lives destroyed
xxxxxxxxxxxxxx
he is the one that deserves to be in the DC Gulag
So from where did Silicon Valley Bank get 75 million to donate to BLM? Was it Oprah or was it someone laundering drug cash because the only money Banks should have belongs to depositors. Right?
why do journalist write the same thing 4 times in the title and first 5 sentences of their article?
October?
FTX paid their dues to the DNC, no one will be in serious trouble.
(fun to live in a Banana Republic)
Bankman-Fried and his pals Soros, Fink, and Zelinsky are all crooks.
i bet the billions they transferred (stole) were those yucky ol’ worthless fiat U.S. dollars, and not billions of their self-invented FFT crypto “coins” they were trying to pawn off on everyone else ...
Maxine Waters paraded this guy around DC like he was the 2nd coming of Christ. I wonder who she feels now?
Wish that was acceptable when i was writing term papers.
Wish that was acceptable when i was writing term papers.
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