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Feds Quietly Drop 5 Charges Against SBF in Multi-Billion Dollar FTX Scam Including Allegation He Bribed Chinese – SBF Is the Democrat Party’s Second Largest Donor
gateway pundit ^ | 6/17/2023 | jim hoft

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.

...MORE


TOPICS:
KEYWORDS: democrats; donors; ftx; ftxscam; sambankman; sambankmanfried; sbf

1 posted on 06/17/2023 11:16:55 AM PDT by bitt
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To: null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; bitt; ...

P


2 posted on 06/17/2023 11:17:27 AM PDT by bitt (<img src=' 'width=40%>)
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To: bitt

It was always a money-laundering/larceny scam.

The heist has been accomplished.

Time to move on to the next heist.


3 posted on 06/17/2023 11:18:14 AM PDT by E. Pluribus Unum (The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████. FJB.)
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To: bitt
They dropped those charges because the Virgin Islands have to agree which charges the U.S. may apply, and they did NOT agree to these 5 charges.

Per Charlie Gasparino on Fox Biz yesterday.

4 posted on 06/17/2023 11:20:56 AM PDT by G Larry (It is RACIST to impose SLAVE WAGES on LEGAL Immigrants by importing Cheap ILLEGAL Labor!)
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To: bitt

https://youtu.be/OkdfhBghVAE

George Carlin


5 posted on 06/17/2023 11:26:09 AM PDT by Dogbert41 (“Blessed are the peacemakers, for they will be called children of God” -Matthew 5:9)
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To: bitt

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.


6 posted on 06/17/2023 11:31:30 AM PDT by I want the USA back (A man is not a woman. A woman is not a man. There is no in-between or undefined middle. )
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To: E. Pluribus Unum; bitt

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???


7 posted on 06/17/2023 11:51:11 AM PDT by thinden (buckle up ....)
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To: bitt

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


8 posted on 06/17/2023 11:57:48 AM PDT by Sarah Barracuda
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To: bitt

It is pretty clear that the fix is in. He’ll never see the inside of a jail..


9 posted on 06/17/2023 12:17:06 PM PDT by rlmorel ("If you think tough men are dangerous, just wait until you see what weak men are capable of." JBP)
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To: bitt

I seem to remember hearing DemocRATS saying something about “no one being above the law”. I guess that only applies to other DemocRATS.


10 posted on 06/17/2023 1:07:03 PM PDT by Brooklyn Attitude (I went to bed on November 3rd 2020 and woke up in 1984.)
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To: bitt

Why drop the charges


11 posted on 06/17/2023 1:30:12 PM PDT by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
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To: ptsal

Does anyone ever get a speedy trial these days? Justice postponed... Another foul aroma of our lousy legal system.


12 posted on 06/17/2023 2:37:27 PM PDT by Bookshelf
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To: bitt

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.


13 posted on 06/17/2023 3:30:14 PM PDT by FrankRizzo890
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To: bitt

14 posted on 06/17/2023 7:03:51 PM PDT by Albion Wilde (“There is no good government at all & none possible.”--Mark Twain)
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To: bitt

Oprah had over $570 million in Silicon Valley Bank.
The taxpayers were forced to bail her out by the corrupt democrats.


15 posted on 06/17/2023 11:25:50 PM PDT by minnesota_bound (Need more money to buy everything now)
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