Posted on 12/13/2022 3:58:55 AM PST by RandFan
“a Jack Ruby figure to step in”
...and then the Mockingbird Media can say he did it because “he loved Jackie...”
;-)
Real estate and art are the two best ways to launder money, and considering the amount of money involved, real estate was really the only way to go.
>>Are they going to get that creepy girlfriend of his too?<<
Yea, she is quite creepy. Above all, they thought they were so cute scammin folks.
Hope they both get long prison sentences.
“Any “investor” who believed that scam deserves what they got. Fools and their (real) money are soon parted.”
indeed ... below are several great articles about the schemes SBF and others before him like Celsius, et. al. used to gen up multi-billion dollar valuations of their fraudulent companies out of thin air and the fraudulent schemes used to achieve fraudulent “yield offerings” offered for crypto “assets” that inherently have zero future yield ...
i keep laughing at the MSM yammering on about “what happened to all of that money?” ...
well the correct answer is simple: that “money” never existed in the first place ... the only REAL money that ever existed was the USD that the greedy and stupid retail punters and the VC morons handed over to SBF, and THAT was the money that SBF used to buy Democrat and anti-Trump RINO politicians, lavish Bahamian real estate, luxurious lifestyle, a gaggle of celeb spokes-whores, sports team sponsorships galore, and sports arena naming rights ...
all of the REST of the FTX/Alameda “money” consisted of a variety of proprietary, worthless and highly illiquid crypto “coins” SBF conjured out of thin air and wash traded ad nauseum until they achieved a “valuation” in the crypto clown world that could be marked to market and then sold to punters and VCs in exchange for REAL money, as well as loaned out in exchange for more “legitimate” (i.e., more liquid) crypto ...
Alameda frantically wash-traded (repeated high frequency buy and sell orders) their proprietary crypto to try to keep the fraudulent valuations from crashing, but just like plate-spinning acts that they really were, as soon as the spin stops, the plates crash ... so, “billions” quickly turned to “zero”, the true value of their proprietary crypto assets all along ...
as to what happened to the REAL money obtained from punters and VCs, why they spent it and lost it in bad trades ...
The following collection of articles contain EXCELLENT descriptions and data regarding how the Ponzi scams rose and crashed at Celsisus, FTX and the rest, as well as the even bigger scam of crypto as a whole ...
“Crypto Was Always Smoke and Mirrors - The fall of FTX shocked everyone. Except this guy.”
“Bitcoin Yield Offerings have collapsed”
https://bitcoinmagazine.com/business/crypto-yield-offerings-have-collapsed
“Sam Bankman-Fried Described Yield Farming and Left Matt Levine Stunned”
“Is Alameda Research Insolvent?” (nov 4)
“FTX’s Collapse Was a Crime, Not an Accident
Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk’s Chief Insights Columnist David Z. Morris writes.”
https://www.coindesk.com/layer2/2022/11/30/ftxs-collapse-was-a-crime-not-an-accident/
“Anatomy of a (fake) Market - Most $CEL trading volume on Uniswap is wash trading. And we can prove it!”
Celsius fraud was the template for what SBF did at FTX/Alameda ...
“Tomlinson: FTX’s collapse is a predictable end to cryptocurrency’s get-rich-quick scheme
Cryptocurrency craze brought out greenhorns, grifters and opportunists.”
“Former FTX users say the failed crypto exchange was a ‘Ponzi scheme.’ Here’s how those work, and what we know about how Sam Bankman-Fried operated”
https://finance.yahoo.com/news/former-ftx-users-failed-crypto-123000114.html
“Economist Nouriel Roubini slams crypto ‘carnival barkers’ and Binance CEO as ‘a walking time bomb’ after FTX disaster”
“CRYPTO INFERNO - AN INTERVIEW WITH NOURIEL ROUBINI”
[also includes great definition of the characteristics of ACTUAL currencies]
https://octavianreport.com/article/nouriel-roubini-cryptocurrency-blockchain/
“The Unbearable Uselessness of Crypto”
“Bitcoins Last Stand”
https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html
check out my post 45 ... i think you’ll like it ...
https://freerepublic.com/focus/news/4115905/posts?page=45#45
It was to keep him quiet before they kill him in prison.
Funny video
GREG GUTFELD: Why didn’t anyone question Sam Bankman-Fried?
https://www.foxnews.com/opinion/greg-gutfeld-why-didnt-anyone-question-sam-bankman-fried
Happy Tuesday, everybody. Calm down, everybody. So let’s talk about the arrest of Sam Bankman-Fried, a.k.a mashed potato ****.
“Bankman-Fried”
Sort of a “What’s in a name?”...Bankman!...Modern-day hero to gullible investors the world over.
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