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NOW A Warning?? FTX Owes Its 50 Biggest Unsecured Creditors More Than $3 Billion (Biden Leads Call For Global Bitcoin And Crypto Rules After Shock FTX Collapse)
Confounded Interest ^ | 11/20/2022 | Anthony B. Sanders

Posted on 11/20/2022 11:04:02 AM PST by Kaiser8408a

As Meryl Steep said in Death Becomes Her, “NOW a warning??”

Joe Biden Leads ‘Critical’ Call For Game-Changing, Global Bitcoin And Crypto Rules After Shock FTX Collapse. After Sam Bankman-Fried helped Democrats avoid a red wave. NOW a warning??

The chaos created by Sam Bankman-Fried (FTX Crypto Exchange) and Alameda Research (SBF’s hedge fund) will go down in history as one of the biggest scams. And should earn a top spot on Phil Hall’s 100 Years Of Wall Street Crooks.

Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each.

The case is FTX Trading Ltd., 22-11068, U.S. Bankruptcy Court for the District of Delaware.

And then this headline from the Wall Street Journal: FTX’s Sam Bankman-Fried Cashed Out $300 Million During Funding Spree.

On top of that, SBF is attempting to raise MORE money. The question is … who would be dumb enough to listen to SBF?

Crytpo continue to fall as investor confidence in crytpo has waned since SBF’s fraud was exposed. (In SBF’s defense, I am sure that current House Financial Services committee Chair Maxine Waters will declare he is a victim of changing market conditions, not historically massive fraud and political influence pedaling).

Didn’t SBF or his Alameda Research girlfriend Caroline Ellison look at Bitcoin as inflation roared under Biden and Fed started to remove its epic monetary stimulus? Or did any of the investors or their representatives bother to look at the books of FTX or Alameda Research??

I have the sneaking suspicion that Caroline Ellison or some other little fish will take the fall for SBF’s fraud. SBF has bought-off too many politicians.

NOW a warning from Biden??

Sam Bankman-Fried’s magical election elixir.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: bitcoin; blogpimp; brownsultrafan; cryptocurrency; crytos; fraud; ftx; retread; sambankmanfried; sbf
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To: Travis McGee
I wonder too. In a game of “Spot the Patsy” between Sam and Caroline, I’d go with Caroline being the patsy, and Sam the mastermind. Between Sam and almost anyone else, I’d pick Sam as being the patsy.

Sam looks just sharp enough to know there was a patsy, and think it wasn’t him. Caroline looks like she thinks Patsy is a girl she knew in junior high.

21 posted on 11/20/2022 11:21:43 AM PST by Pilsner
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To: Kaiser8408a

Last time I checked, Receiving Stolen Property was still a FELONY in every jurisdiction, Absolutely NOTHING prevents a State AG or County DA from criminally Charging and prosecuting any person in their jurisdiction that received these STOLEN FUNDS


22 posted on 11/20/2022 11:35:08 AM PST by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: EEGator

Dang, color me conspiracy theorist.


23 posted on 11/20/2022 11:36:37 AM PST by Irenic
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To: Irenic

Create the problem to present your predetermined solution.


24 posted on 11/20/2022 11:42:12 AM PST by EEGator
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To: E. Pluribus Unum

Exactly.


25 posted on 11/20/2022 11:44:07 AM PST by beaversmom
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To: EEGator

Dittos.


26 posted on 11/20/2022 11:44:24 AM PST by beaversmom
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To: EEGator

Ding, ding, ding, ding, ding.
We have another winner.


27 posted on 11/20/2022 11:48:05 AM PST by gathersnomoss (LIVE FREE OR DIE)
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To: EEGator

“She’s in Hong Kong”

Chinese brothel material.


28 posted on 11/20/2022 11:48:26 AM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: dynachrome

LOL, as she said. I find her absolutely repulsive physically.

My Happy wouldn’t be happy for her...


29 posted on 11/20/2022 11:49:53 AM PST by EEGator
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To: aMorePerfectUnion
This has always been the biggest threat to crypto

Yes, biggest threat. AND the collapse of this Ponzi Scheme gives Biden and his goons an excuse to 'nationalize' the idea giving THEM control and regulation.

AND as icing on the cake, the scam ALSO BENEFITED DEMOCRATS BY FILLING THEIR COFFERS will billions of donations at the expense of scammed private citizens. What's next? Biden working with Nigerian 'prince's' to shake down the gullible or elderly? Or maybe for the big bucks to work with cartels and China in exchange for a cut?

30 posted on 11/20/2022 11:54:27 AM PST by GOPJ (Thinking with your emotions is like feeling with abstract mathematics.analytical engine mechanic - )
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To: Kaiser8408a

Like epstein’s list, the names of creditors won’t be released:

Link to PDF:

https://cases.ra.kroll.com/FTX/Home-DownloadPDF?id1=MjMxNDQ0Ng==&id2=-1

“Fast forward to Saturday when in a surprise twist, the Enron liquidator is now asking the judge to keep the names of the company’s creditors and customers (which we assume have been identified), confidential in order to “protect the estate or any entity in respect of a trade secret or other confidential research, development or commercial information.”


31 posted on 11/20/2022 11:57:50 AM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: dynachrome

via ZeroHedge


32 posted on 11/20/2022 11:59:23 AM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: EEGator

yep


33 posted on 11/20/2022 12:00:38 PM PST by Irenic
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To: Kaiser8408a

sbf is still listed as coming to New York for this conference. Any bets?

https://www.nytimes.com/events/dealbook-summit#speakers


34 posted on 11/20/2022 12:04:39 PM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: Kaiser8408a

Deep State Regulatory capture of the Crypto Market


35 posted on 11/20/2022 12:04:40 PM PST by Jan_Sobieski (Sanctification)
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To: Kaiser8408a

Most people should just say no to crypto for now. Too much counterparty risk.


36 posted on 11/20/2022 12:08:19 PM PST by Pearls Before Swine
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To: Kaiser8408a
From the Kunstler blog:

Mr. Bankman-Fried is still scheduled as a main speaker for Accenture’s Nov. 30 DealBook Conference in New York ($2,499 for a ticket), along with Ukrainian President Volodymyr Zelensky and US Treasury Secretary Janet Yellen. Odds on him showing up? Or even being alive elsewhere on this planet then?

Accenture sure does show up a lot on the backdoor deals ... And to correct the blog, The New York Times Company is the host.

DealBook

And SBF is still listed (as of Sunday Nov 20) as a speaker.

37 posted on 11/20/2022 12:09:33 PM PST by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: EEGator

“If I was a conspiracy theorist, I would think this was deliberate to usher in a global, centralized digital currency._______”

YEP! Mark o the WEF Beast etc and so on. Colapse crappy “private” cryptos to make Gov’t mark of the Beast cryptos look good. _______ And I am not a bible thumper by any means.


38 posted on 11/20/2022 12:27:38 PM PST by dennisw ("You don't have to like it. You just have to do it")
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To: dennisw

One doesn’t have to believe it’s religious in nature, just sociopaths wanting to control the entire globe.

These people are worse than Bond villains.


39 posted on 11/20/2022 12:29:51 PM PST by EEGator
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To: Pilsner

I think Sam is above Caroline in the awareness, but both are patsies of MUCH higher minds.

This was well thought out, and Sam was just the paid actor “Zelensky” in the scheme of things. Smart enough to pass himself off as the financial wizard iconoclast, NOT smart enough to conceive of it all.

This operation existed on several levels for different time durations.

1. The insiders funneled money out, via cutouts, to their own pockets.

2. The “Zelensky” regime got to launder money, sending a % back to the originators (aka “skimming). Some of this Ukraine money actually bought a bullet. Most went into the Ukro elite bosses, much back to the USA as kickbacks. Some of this went into political hands, (congressional no-oversight, SEC looks other way)

3. Top level / long term: The entire fiasco, having run its course and been burned, (but the stolen money is still stolen!), will be used to discredit crypto generally as unsecure. “This is why we need laws to outlaw people having secret crypto wallets with no oversight.”

If they can’t control crypto, it will be outlawed. Stings will be set up to make examples out of “unregistered crypto outlaws.” Ten years in prison will make crypto unpopular. Folks will get out instead of comply with registration/regulation.

4. Finally, and the ultimate goal, the whole thing will be used to help usher in a national CBDC. It will be sold just like Trump Russia Collusion, the Covid Pandemic and mass vaccination, Ukraine, you name it.

“All good Americans support one safe and secure digital currency!”

Just hold your hand over the chip reader, and you are good to go.


40 posted on 11/20/2022 12:53:02 PM PST by Travis McGee (EnemiesForeignAndDomestic.com)
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