Posted on 12/22/2022 11:02:59 AM PST by USA-FRANCE
“Recipients are cautioned that making a payment or donation to a third party (including a charity) in the amount of any payment received from a FTX contributor does not prevent the FTX debtors from seeking recovery from the recipient or any subsequent transferee,” FTX added in a statement.
(Excerpt) Read more at theguardian.com ...
Lol
IOW, COUGH IT UP!.......................
Do these organizations have an obligation to give back the money?
Lol
the contributions are already regifted.
https://fortune.com/crypto/2022/11/15/politicians-sam-bankman-fried-donations-ftx-charity/
Bankruptcy Court can very well order their return and most probably will.
Well they will probably be on the hook for the money again as regifting them does NOT get you a pass when Bankruptcy Court demands the money back.
Technically, I would call it STOLEN MONEY
would be from a court order so yes.
What was the final clawback on Madoff? Wasn't it over 85%?
https://www.politico.com/news/2022/11/15/lawmakers-return-ftx-money-00067009
The FTX scandal is prompting lawmakers from both parties to symbolically give up campaign contributions from the crypto exchange’s top executives, underscoring the firm’s political toxicity in the aftermath of its collapse.
symbolically.............................
You misspelled “regrifted”.
The amount of the donation can be clawed back from the original recipient if they have at least that much money. Or it can be clawed back from the secondary giftee if the original recipient doesn’t have enough funds left.
This will do a lot of damage to their system.
bingo
they all gave it to their pet projects and prolly got kickbacks...
Clown world
If I'm not mistaken, unless you can show that you haven't done any business (i.e., exchanged dollar's) with a entity claiming Federal-Bankruptcy protection(s,) for the prior 18 month's, (24 month's?) get ready to hand over / back said amount's.
HINT: the early investor's (who got in, collected their profit(s) and than got out;) with Bernard Lawrence Madoff, the biggest $65bn Ponzi scheme.
Harry Markopolos spotted Bernard Madoff's $65bn Ponzi scheme years before it imploded. Which imploded at the end of (December) 2008.
A quantitative financial specialist with an instinct for the numbers behind complex derivatives, Markopolos smelt a rat about Madoff Investment Securities as far back as 1999 when his boss at Boston-based Rampart Investment Management asked him to create a product that could provide similarly stellar returns to the astonishingly consistent numbers produced by Madoff.
If I'm not mistaken, unless you can show that you haven't done any business (i.e., exchanged dollar's) with a entity claiming Federal-Bankruptcy protection(s,) for the prior 18 month's, (24 month's?) get ready to hand over / back said amount's.
HINT: the early investor's (who got in, collected their profit(s) and than got out;) with Bernard Lawrence Madoff, the biggest $65bn Ponzi scheme.
Harry Markopolos spotted Bernard Madoff's $65bn Ponzi scheme years before it imploded. Which imploded at the end of (December) 2008.
A quantitative financial specialist with an instinct for the numbers behind complex derivatives, Markopolos smelt a rat about Madoff Investment Securities as far back as 1999 when his boss at Boston-based Rampart Investment Management asked him to create a product that could provide similarly stellar returns to the astonishingly consistent numbers produced by Madoff.
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