Posted on 06/17/2023 11:16:55 AM PDT by bitt
Crypto giant FTX went bankrupt last year, the company losing billions of dollars overnight.
FTX owner Sam Bankman-Fried (SBF) was the second biggest donor to Democrats in the 2022 midterms.
In early January Sam Bankman-Fried pleaded not guilty to all 8 counts related to the collapse of his crypto Ponzi scheme. SBF pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research.
SBF was indicted on eight counts, including charges of conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, money laundering and conspiracy to avoid campaign finance regulations.
In January the attorney for FTX testified in court that the co-founder of the crypto company used a secret backdoor to launder money to Alameda Research, a sister company. Caroline Ellison, SBF’d ex girlfriend and Alameda CEO admitted she and Sam Bankman-Fried conspired to mislead FTX investors and customers.
On Thursday federal prosecutors announced they would drop several charges against this major Democrat donor.
ABC reported:
Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges.
The offer to sever five of the 13 charges followed a ruling earlier this week in the Bahamas that allows Bankman-Fried to challenge the additional charges.
A prosecutor said during a hearing Thursday it was uncertain when the Bahamas would decide whether to consent to the new charges, which included bank fraud and an allegation Bankman-Fried bribed the Chinese.
“Severing those counts seems to be appropriate given the developments in the Bahamas this week,” the prosecutor, Nathan Rehn, said.
Previously.
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It was always a money-laundering/larceny scam.
The heist has been accomplished.
Time to move on to the next heist.
Per Charlie Gasparino on Fox Biz yesterday.
Well now, isn’t that what we thought here? We know how it works. People who give big money to democrats get to do what they want, and get away with their crimes.
It was always a money-laundering/larceny scam.
The heist has been accomplished.
Time to move on to the next heist.
xxxxxxxxxxxxxxxx
the election is over now & results have been certified.
move along
btw: didn’t gensler have some connection to these scammers & now he wants more regulation for crypto???
LOL of course they dropped the charges, they know the motto, NEVER EVER go after a Democrat..they know where all the bodies are buried
It is pretty clear that the fix is in. He’ll never see the inside of a jail..
I seem to remember hearing DemocRATS saying something about “no one being above the law”. I guess that only applies to other DemocRATS.
Why drop the charges
Does anyone ever get a speedy trial these days? Justice postponed... Another foul aroma of our lousy legal system.
And the charges that they couldn’t quietly drop will be strung out until after the election, at which point they’ll be dropped as well. He gave TOO much money to TOO many people for anything to happen to him.
Oprah had over $570 million in Silicon Valley Bank.
The taxpayers were forced to bail her out by the corrupt democrats.
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