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Cryptocurrency billionaire broke the bank for Dems (Miranda Devine)
nypost ^ | 11/14/2022 | Miranda Devine

Posted on 11/14/2022 9:44:49 AM PST by bitt

Amid all the jubilation and gloating by Joe Biden, Chuck Schumer and pals over the Democrats’ better-than-expected showing in the midterms comes a disturbing story that may explain something about how they won such a curious election.

Biden’s second-biggest donor, cryptocurrency billionaire wunderkind Sam Bankman-Fried, a k a SBF, saw his business file for bankruptcy days after the election, but not before pumping $40 million into the Democratic Party to spend on “get-out-the-vote” and other shadowy ballot-harvesting mechanics for the midterms.

The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020.

SBF’s mother, Stanford law professor Barbara Fried, also is co-founder of left-wing political action committee Mind The Gap, which has raised a reported $140 million to help Democrats win elections through the same “get-out-the-vote” grift.

A more unlikely billionaire you could not find — and of course his money was built on thin air. A math genius with poor social skills, SBF reportedly lived in a “polycule” — a polyamorous relationship with multiple people — in a luxury penthouse with about 10 co-workers in the tax haven of the Bahamas, where his collapsed crypto exchange FTX was headquartered.

Otherwise, he was sleeping on beanbags in his office, eating vegan fries and, according to his own Twitter feed, popping amphetamines and sleeping pills to regulate his chaotic sleeping habits.

Now Reuters is reporting that between $1 billion and $2 billion of customer funds have vanished from FTX, conveniently after the Democrats safely spent his money.

At last report, SBF and his mysterious co-founder, Gary Wang, were being held “under supervision” by Bahamian authorities after reportedly planning to flee to Dubai, according to fintech publication Cointelegraph.

SBF certainly “impacted” the midterms, funneling his millions into the Democratic National

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government
KEYWORDS: bitcoin; cryptocurrency; democrats; electionfraud; electionfraud2022; evildemonicrats; ftx; mirandadevine; mirandadivine; sambankmanfried
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1 posted on 11/14/2022 9:44:49 AM PST by bitt
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To: null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; bitt; ...

p


2 posted on 11/14/2022 9:45:02 AM PST by bitt ( <IMG SRC=' 'width=50%>)
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To: bitt

3 posted on 11/14/2022 9:48:35 AM PST by ClearCase_guy (We are already in a revolutionary period, and the Rule of Law means nothing. )
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To: bitt
The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020.

16 Billion is 16 thousand million. A pee in the pool!

4 posted on 11/14/2022 9:49:09 AM PST by Don Corleone (leave the gun, take the canolis)
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To: ClearCase_guy; bitt

Good for the basis of a money laundering meme!


5 posted on 11/14/2022 9:52:55 AM PST by WildHighlander57 ((the more you tighten your grip, the more star systems will slip through your fingers.) )
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To: bitt

Isn’t it weird how every filthy DC political / corruption scam of the last six years, from the Steele Dossier, to Hunter Biden’s payoffs, to Trump impeachment, to the Vindman Brothers, and now this phony crypto company - ALL are connected to Ukraine??


6 posted on 11/14/2022 9:53:03 AM PST by PGR88
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To: bitt
A math genius with poor social skills, SBF reportedly lived in a “polycule” — a polyamorous relationship with multiple people — in a luxury penthouse with about 10 co-workers in the tax haven of the Bahamas, where his collapsed crypto exchange FTX was headquartered.

Probably more "slap and tickle" than actual work going on.
7 posted on 11/14/2022 9:53:31 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: bitt

He has been found out by the people who can do them harm!


8 posted on 11/14/2022 9:59:18 AM PST by DarthVader (Not by speeches & majority decisions will the great issues of the day be decided but by Blood & Iron)
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To: bitt
Take billions of dollars and put in untraceable crypto currency and distribute to Demonicrats and win the election

https://www.thegatewaypundit.com/2022/11/breaking-exclusive-tens-billions-transferred-ukraine-using-ftx-crypto-currency-laundered-back-democrats-us/

We have been robbed and they spent our money to defeat us.

9 posted on 11/14/2022 9:59:40 AM PST by mountainlion (Live well for those that did not make it back.)
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To: bitt
Make sure to read the fine print.


10 posted on 11/14/2022 9:59:47 AM PST by Travis McGee (EnemiesForeignAndDomestic.com)
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To: mountainlion
America = Amerizuela = Argentina with nukes.


11 posted on 11/14/2022 10:00:31 AM PST by Travis McGee (EnemiesForeignAndDomestic.com)
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To: bitt

Con Man is short for Confidence Man.

A con man has to gain your confidence before stealing from you.

There is an old saying that,

“You can’t con an honest man.”

A Con Man plays on a person’s fear and greed.

That is why,

Anyone who supports the Democrat party has a criminal heart.


12 posted on 11/14/2022 10:04:32 AM PST by blueunicorn6 ("A crack shot and a good dancer” )
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To: bitt

In bankruptcy the Democrats will have to pay this back I suspect.


13 posted on 11/14/2022 10:06:16 AM PST by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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This is the money shot right here. "Can you say, Chinah."

This bewb had Chinese engineers who not only wrote his code but reported back to Zhao on the sly and waited for after Election Day to pounce! They simply ordered private jets back home on their PRC CCP passport, will disappear into Hong Kong's penthouse valley, and await their next orders from the PLA.

Meanwhile SDNY is ignoring renditioning this ape who has already tried to leave to disappear in Dubai!

With Chinah, Americans are up against an inbred confucian hive-mind criminal mindset that on an international scale of immorality, outranks outdated Slav mobster tactics by a factor of 100.

Some staff of beleaguered FTX crypto exchange leave Bahamas for Hong Kong

Nassau, Bahamas — Many of the dozens of senior employees who work at FTX in the Bahamas, where the embattled crypto exchange is headquartered, have left for Hong Kong and elsewhere in recent days, according to people close to current and former Caribbean-based FTX staffers. ... Bankman-Fried and most of his inner circle are still in the Bahamas, the people said.

Meanwhile, hundreds of millions of dollars were drained from FTX crypto wallets late Friday...

It’s another twist in the stunning collapse of FTX, which started last Sunday after rival firm Binance began a selloff of hundreds of millions of dollars worth of FTT...triggered a wave of withdrawals from FTX, which the company ultimately could not cover. WSJ reported Thursday that FTX loaned customer money to Alameda Research, which limited its ability to cover withdrawals."U.S. enforcement agencies are investigating FTX, including the U.S. attorney’s office in Manhattan, according to another person familiar with the matter...

Many still have housing in Hong Kong, where FTX had its headquarters until 2021, since the company covered most of their living expenses at their Bahamas resort."


14 posted on 11/14/2022 10:18:01 AM PST by StAnDeliver (Tanned, rested, and ready.)
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To: PGR88

That would be why we signed a treaty in the 1990s to exchange corruption information with The Ukraine, and previous financial assistance approvals included the President himself signing off that the destinations for the funds had been verified. Money from the U.S. was found looping around back to U.S. politicians.


15 posted on 11/14/2022 10:26:31 AM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: bitt

“Another “altruistic” venture by SBF was having FTX back a cryptocurrency donation website launched by the Ukrainian government. There wasn’t a woke cause he didn’t hit.

The sinister neo-socialists at the World Economic Forum (WEF) loved SBF so much, they made FTX a “corporate partner” — but that page on the WEF website has vanished in the last 48 hours, leaving an error message.

Venture capital firm Sequoia was a big backer, investing over $200 million in SBF, a lot of which he then invested back in Sequoia, whose chairman and managing partner Michael Moritz is a big donor to the Dems as well as to anti-Trump hate group the Lincoln Project, and reportedly is a neighbor of Nancy Pelosi in San Francisco.”


16 posted on 11/14/2022 10:29:06 AM PST by Rusty0604 (" When you can't make them see the light, make them feel the heat." -Ronald Reagan)
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To: bitt

I have a hard time not believing the DNC was involved in the creation of this company.


17 posted on 11/14/2022 10:35:47 AM PST by aimhigh (THIS is His commandment . . . . 1 John 3:23)
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To: mountainlion

AND-—DID THE BIG GUY get 10% ??????


18 posted on 11/14/2022 10:56:19 AM PST by ridesthemiles
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To: bitt

The whole damn country is rotten to the core. This needs to be dealt with but we re are the ethical people with balls in power?


19 posted on 11/14/2022 10:59:03 AM PST by Chgogal (Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell.)
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To: ridesthemiles

I think the original big guy. is dead but the guy behind the mask and the guy pulling the strings got well over 10%


20 posted on 11/14/2022 11:04:14 AM PST by mountainlion (Live well for those that did not make it back.)
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