Posted on 11/27/2022 8:17:45 AM PST by DoodleBob
The Antiyuppie observed FTX was designed to be a dem/leftist money generator.
It worked well…..then it didn’t......until Right after the election.
**************************************************
A very good point......the more I thought about it the
more I concluded that even the bankruptcy move was a scam.
Fried used the typical ponzi excuse.....b/c not being able to
control his investors wanting out sounded plausible.....
but he was hiding the real reasons.
Meanwhile he stole even more......as much as he could.
FTX incorporated in Joe Biden’s home state of Delaware. Coincidence? Not considering the shady nature of Delaware’s corporation laws and Joe’s shady dealings.
I read enough with that one horribly ignorant sentence to not even bother reading the lies in the rest of the article. False premise, false conclusion.
The reason the case is held in Wilmington is because the State is corrupt as hell and everyone knows it.
What's the Matter With Delaware? How Joe Biden's Home State Became a Global Tax Avoidance Hub
Bahamas FTX Liquidators Agree to Transfer Bankruptcy Case to Delaware
Corruption in plain sight.
The court has been told FTX has 36 banks and more than 200 bank accounts.....
....all that laundry........hmmmmmmm.
Nope.
FTX is a Bahamas-based cryptocurrency exchange.
See reply 23.
If you have evidence of that would you share it?
They will nip Bankman like a branch on a bonsai tree that is growing the wrong way and go about their business. And by 'they' I mean China and the Derp State.
Actions like these are presumably what led FTX attorney Bromley to tell the judge today that the company was being “run as a personal fiefdom of Sam Bankman-Fried.”
<><>a “substantial amount” of FTX Group’s assets “have either been stolen or are missing.”
<><>unclear whether the “substantial amounts” were stolen or mishandled
<><>includes several billion in combined loans that Alameda Research reportedly made to SBF, two of his deputies, and a company majority-owned by him; or are separate from them.
<><>SBF also raised $420 million from investors on behalf of FTX —
<><>only he paid himself $300 million of that amount, claiming it as a personal reimbursement for re-purchasing the 15% stake in the exchange held by rival company Binance.
A great link. I’m bookmarkking that site.
Ah. The Lone Gunman. Of course it was!!!
We all believe that, right?
Over 50% of LLCs are formed in DE for a reason.
Signed
Controlling Authority/Build-Back-Better oligarchs.
If politicians & their cronies would be guilty of/liable for various crimes, infractions & reimbursements, etc, how can this go any other way than the fix is in, evidence will be shielded and names will be withheld and so forth??
For the good of all, of course.
The bankruptcy lawyer outlined the main business entities of SBF’s family of affiliated companies:
<><>FTX.com, FTX US, FTX’s venture arm,
<><>trading firm Alameda Research holds the largest cash balance among the core four
The corporate governance in place for each of the main business verticals was minimal,
consisting primarily of SBF and a close coterie of intermingled deputies
Please allow a clarification: FTX is incorporated in Antigua and Barbuda and headquartered in The Bahamas. FTX is closely associated with FTX.US, a separate exchange available to US, pretty much the same company but in a different market.
Please allow a clarification: FTX is incorporated in Antigua and Barbuda and headquartered in The Bahamas. FTX is closely associated with FTX.US, a separate exchange available to US, pretty much the same company but in a different market.
The headquarters in the Bahamas is abandoned I hear.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.