Posted on 11/25/2022 6:03:58 PM PST by TigerClaws
Disgraced former FTX CEO Sam Bankman-Fried financially backed half a dozen media outlets including ProPublica, Vox and the Intercept, it has emerged.
SBF's crypto exchange sensationally collapsed earlier this month, after the company filed for bankruptcy amid reports it owes billions of dollars to customers.
But the repercussions could be even more far-reaching, with one media outlet warning it has a 'significant hole' in its budget now FTX has folded.
Disgraced FTX founder Sam Bankman-Fried funded half a dozen media companies - including ProPublica to the tune of $5 million - with at least one, The Intercept, warning staff it now has a significant hole in its budget
FTX founder Sam Bankman-Fried used his company's philanthropic arm to fund multiple liberal media outlets including ProPublica and The Intercept
(Excerpt) Read more at dailymail.co.uk ...
Interesting.
I thought it was all coming from Soros...
FTX owned this company:
Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this. How did regulators miss this? Is committing fraud as easy as buying a bank?
I just checked out TheIntercept.com
Leftist swill deserves its slow death.
He has done enough to get him put away for 50 years. Plus the lawsuits will be coming. His only hope is to reach out to a corrupt political party that he gave other people’s money to and hope they refuse to prosecute him.
Disgraced? Democrats still love him! He will get away with it because he bought off Gary Genslar at the SEC.
It helps to be protected by The Swamp. Or Sewer.
Usually, it is a lenghth process to buy a bank.
It helps to be protected by The Swamp. Or Sewer.
Usually, it is a lenghth process to buy a bank.
There are rumors that the Disney CFO had invested heavily into FTX at the board’s behest and it was she who got Chapek fired because Chapek would’ve blown the whistle on it (and still may). Iger was brought back to sell the company to Apple to make up for the FTX “hole” they have as well now.
Basically this entire fund was a giant RICO scam to fund DNC’s activities and propaganda.
He did this with clients/customer’s funds? Where was the financial return for those customers supposed to come from?
Questions are being asked
<><> how FTX got federal approval to buy its stake in the Farmington mini bank.
<><>it’s hard to believe regulators would have knowingly allowed the crypto firm to do so.
,
Is the wigged mad Maxine, FTX campaign funds taker, Senate banking committee chair.....in on it?
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Here’s where it gets interesting. The bank, which had posted net income routinely with small quarterly losses over the years, started cranking out quarterly losses of $22k, $44k, then losses shot up to $558k, $576k, $1,085k, and finally a whopping $2.6MM loss in the most recent quarter. Meanwhile, there are equity injections commingled with the losses.
Pretty hefty losses.
<><>who was borrowing money that created the losses?
<><>were the losses in the bank’s securities trading account??
We demand a full accounting.
Contact Congress
U.S. House of Representatives:
* Telephone: 202-225-3121
* Website: http://www.house.gov/
U.S. Senate:
* Telephone: 202-224-3121
* Website: http://www.senate.gov/
Well I hope he gets the nice cushy Elizabeth Holmes sentence at a country club prison.
For the reporters here:
https://www.nytimes.com/2022/11/23/business/ftx-cryptocurrency-bank.html
A photo of the bank here!
https://protos.com/the-curious-case-of-ftx-and-farmington-state-bank-aka-moonstone/
Farmington State Bank had consistently reported deposits hovering around $10 million for decades. In the third quarter of 2022, these deposits jumped up to $84 million. $71 million came from just four new accounts, New York Times reports.
Funds from new investors? Aka, ponzi scheme.
SBF is merely disgraced. Does he get to keep the money he has stolen?
Bankman-Fried figured out just how cheaply these people would sell their scruples, and bought them all up.
Glenn Greenwald was its founder, and now I suspect that he got kicked out of the Intercept because of its new patron FTX. He who pays the piper calls the tune. Greenwald was too independent a leftist to tolerate.
Mitch took $2.5 million for his Senate fund.
But Dems cashed in the most. $37m+ - and that was just what was ‘on the books.’
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