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.
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?
***********************************************
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/
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.
FTX is a Ponzi scheme, stuffed into a fraud and wrapped in a scam.
Unexpected,
Cryptomaniacs
Cryptomania
Steal other people’s money
Support the Democrats
Grab some cash on the side
Now that’s a Ponzi Scheme!!!
FTX another dot in Biden’s resume