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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
https://www.dailymail.co.uk/news/article-11470259/Disgraced-FTX-founder-Sam-Bankman-Fried-funded-half-dozen-media-companies.html ^

Posted on 11/25/2022 6:03:58 PM PST by TigerClaws

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1 posted on 11/25/2022 6:03:58 PM PST by TigerClaws
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To: TigerClaws

Interesting.
I thought it was all coming from Soros...


2 posted on 11/25/2022 6:04:49 PM PST by nascarnation (Let's go Brandon!)
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To: TigerClaws

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?

https://www.reddit.com/r/Superstonk/comments/z4dngs/alemada_research_bought_a_onebranch_bank_for_115/


3 posted on 11/25/2022 6:05:48 PM PST by TigerClaws
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To: TigerClaws

I just checked out TheIntercept.com

Leftist swill deserves its slow death.


4 posted on 11/25/2022 6:10:22 PM PST by DaxtonBrown
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To: TigerClaws

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.


5 posted on 11/25/2022 6:10:36 PM PST by I want the USA back (Our news media isn't worth camel spit. Neither is the democrat party. )
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To: TigerClaws

Disgraced? Democrats still love him! He will get away with it because he bought off Gary Genslar at the SEC.


6 posted on 11/25/2022 6:12:08 PM PST by Kaiser8408a (z)
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To: TigerClaws

It helps to be protected by The Swamp. Or Sewer.

Usually, it is a lenghth process to buy a bank.


7 posted on 11/25/2022 6:14:47 PM PST by Kaiser8408a (z)
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To: TigerClaws

It helps to be protected by The Swamp. Or Sewer.

Usually, it is a lenghth process to buy a bank.


8 posted on 11/25/2022 6:17:44 PM PST by Kaiser8408a (z)
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To: TigerClaws

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.


9 posted on 11/25/2022 6:18:19 PM PST by Skywise
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To: TigerClaws

He did this with clients/customer’s funds? Where was the financial return for those customers supposed to come from?


10 posted on 11/25/2022 6:18:28 PM PST by CFW
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To: All

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?

***********************************************
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/


11 posted on 11/25/2022 6:21:03 PM PST by Liz (Vox Populi, Vox Dei (voice of the people is the voice of God))
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To: TigerClaws
I love the smell of schadenfreude in the morning.
12 posted on 11/25/2022 6:21:40 PM PST by Chad C. Mulligan (CNN)
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To: TigerClaws

Well I hope he gets the nice cushy Elizabeth Holmes sentence at a country club prison.


13 posted on 11/25/2022 6:22:12 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: TigerClaws

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/


14 posted on 11/25/2022 6:25:22 PM PST by TigerClaws
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To: TigerClaws

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.


15 posted on 11/25/2022 6:26:22 PM PST by TigerClaws
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To: CFW
Where was the financial return for those customers supposed to come from?

Funds from new investors? Aka, ponzi scheme.

16 posted on 11/25/2022 6:26:58 PM PST by LouAvul (Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever he will.." )
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To: TigerClaws

SBF is merely disgraced. Does he get to keep the money he has stolen?


17 posted on 11/25/2022 6:27:13 PM PST by The_Media_never_lie (Remember August 8!)
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To: TigerClaws

Bankman-Fried figured out just how cheaply these people would sell their scruples, and bought them all up.


18 posted on 11/25/2022 6:29:42 PM PST by Fido969 (45 is Superman! )
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To: DaxtonBrown

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.


19 posted on 11/25/2022 6:30:10 PM PST by buwaya (Strategic imperatives )
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To: Fido969

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.’


20 posted on 11/25/2022 6:36:49 PM PST by TigerClaws
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