Bankman-Fried’s parents scrutinized over court antics as FTX confirms they ‘received payments’

NY Post ^ | December 14, 2022 | By Thomas Barrabi

[Organic Panic]

It will be sad seeing an entire family suicide at the same time.

[Bedford Forrest]

Bankman and Fried “have told friends that their son’s legal bills will likely wipe them out financially,” the Wall Street Journal reported earlier this week.

Awwww - Poor babies - wot? So tell us, you fricking sociopaths, how was the ride? All those swamp scum Demorats kissing your bungs. And when the Bidens stuff you in the Epstein Memorial Dorm up there in Sh*tHole Manhattan - remember the good times.

[Thank You Rush]

I watched a lot of that hearing with Ray yesterday. I still don’t understand how a CEO of a company could testify to the sloppiness of the entire operation - no controls, no financials, no records, no nothing..and NOT have a role in its demise! He seemed to be straightforward with all his answers - no equivocating, rationalizing, justifying. It was as if he was testifying about some company that he had no connection to.

[Thank You Rush]

https://observer.com/2022/12/ftx-ceo-john-ray-congressional-hearing/

I didn’t know he was a NEW CEO to the company.....explains WHY he could testify about sloppy business practices that he wasn’t responsible for. It would have helped if C SPAN had bothered to explain that he was NEW to the company.

[dennisw]

Deeper and deeper and now featuring loony Libby parents — Who are Stanford Law perfessors

[bamahead]

Property records obtained by Reuters showed FTX had purchased a $16.4 million luxury beachfront property for the parents that was meant as a “vacation home.”

While Fried was not a paid employee of FTX, she was closely tied to her son’s donations of tens of millions of dollars to Democrats ahead of the 2022 midterm elections. The ex-billionaire contributed to a political advocacy network that Fried oversaw.

My takeaways from this - Momma was a DNC bundler, and she got a new beach house as a reward

[ridesthemiles]

Don’t forget the PARTICIPATION TROPHIES

[ridesthemiles]

Another report says SBF had his residence for sale for $40 MILLION-—

Parents bought it for $100 MILLION.

[catnipman]

apparently you don’t understand that CEO John Ray was appointed by the court as CEO AFTER the bankruptcy of FTX was filed in order to oversee the dissolution of the company, discover any remaining assets (if any) and distribute any of said discovered assets to the various creditors ... John Ray had zero to do with FTX prior to bankruptcy ...

John Ray did an admirable job in a similar role after Enron went bankrupt, recovering 54 cents of the dollar for the creditors ...

however, in the case of FTX, almost all of the “billions” of assets were phony and it would appear that the little bit of assets that were real were essentially stolen from retail clients plus 3rd party loans backed by fraudulent collateral, with the whole lot gambled away in a desperate effort to keep their worthless proprietary crypto FTT (and others) from crashing back to their true value, namely zero ...

[Thank You Rush]

“”apparently you don’t understand that CEO John Ray was appointed by the court as CEO””

Sorry about that but I can’t understand anything that I haven’t heard or read....

My later post was a link STATING that he was a NEW CEO...that was news to me. As I said, it would have helped IF C Span had mentioned that in their coverage!

[eyeamok]

They belong in prison with their metrosexual son

[bitt]

p

[bankwalker]

so who is “Ray”?

[RckyRaCoCo]

https://www.youtube.com/watch?v=4q_kUe1Vhwo