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House Financial Services Committee Chairwoman Maxine Waters informed a group of Democrats that she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried. Waters’ message to her members came at a private Tuesday meeting on Capitol Hill, with part of the discussion focused on Bankman-Fried’s possible testimony at the committee’s Dec. 13 hearing. Bankman-Fried has yet to agree to voluntarily testify to the House committee.

Always behind the curve, US Senators (Warren, Marshall, Kennedy) want to get to the bottom of Silvergate’s decline and its relationship with Sam Bankman-Fried and FTX. This reminds me of the 2008 financial crisis when The Federal Reserve claimed they never saw it coming. Despite the data. But back to crypto bank Silvergate. Crypto bank Silvergate Capital Corp. was asked by three US Senators to release all records about transfers of funds for the collapsed FTX empire of Sam Bankman-Fried. “Your bank’s involvement in the transfer of FTX customer funds to Alameda reveals what appears to be an egregious failure...

There’s a lot going on out there in the news, and to some extent, that’s put the FTX scandal on the back burner. We shouldn’t let that happen. The FTX scandal is one of the most important stories of the year, exposing everything from the scam that is ESG to the deep-seated incestuous relationship between the corporate world and the Democratic Party.And to be sure, that relationship is as grotesque as it appears. Offering proof of that, Maxine Waters chose to play patty-cake with Sam Bankman-Fried on Friday, the founder of FTX who allegedly stole billions of dollars from his...

VIDEOAs you can see, FTX CEO Scam the Scam is desperately AFRAID of going to jail. His only hope is for all that protection money he donated to the Democrats will serve as his Get Out Of Jail Free Card. Which is why we "mysteriously" don't hear demands from Democrat officials for the prosecution of Sam the Scam.

As new revelations come out about disgraced FTX CEO Sam Bankman-Fried and how he defrauded investors of millions of dollars only to spend their money on lascivious living and personal pet projects, one glaring fact remains: Bankman-Fried was the second-largest individual donor — with only George Soros topping him — to the Democrat Party during the 2022 midterm election cycle. The 30-year-old crypto mogul gave more than $36 million to Democrats (particularly those who signaled opposition to regulating the cryptocurrency industry), including through Protect Our Future, a left-wing political action committee started under the auspices of guarding against another Covid-19-like...

<p>Sam Bankman-Fried’s donations to Democrats are well documented. In an interview released Tuesday, the former FTX CEO said he similarly funded Republican campaigns—but kept it quiet.</p><p>SBF was the second-largest Democratic donor during the last election cycle, and he told Fong he gave about the same amount to Republicans. Politicians including Sen. Kirsten Gillibrand (D-N.Y.), Rep. Jesus “Chuy” Garcia (D-Ill.), and Rep. Kevin Hern (R-Okla.) have since given the money back or pledged to after FTX imploded and rocked the crypto industry.</p>

Sam Bankman-Fried, the founder of the cryptocurrency exchange platform FTX, was a darling in some Washington D.C. policy circles. He proselytized for digital assets in testimony on Capitol Hill and gave more than $990,000 to candidates plus an additional $38.8 million to outside groups this election cycle, making him the sixth biggest individual donor of the 2022 midterms.But his pledge to spend up to $1 billion during the 2024 election cycle likely won’t come to pass. Bankman-Fried’s $16 billion fortune was wiped out almost overnight last week, one of the largest ever single-day collapses among billionaires, according to Bloomberg.Binance CEO...

Crypto firm BlockFi filed for Chapter 11 bankruptcy protection in the wake of FTX's bankruptcy. It's the latest in a series of crypto bankruptcies, following FTX, Voyager and Celsius. Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX. In the filing, the company indicated that it had more than 100,000 creditors, with liabilities and assets ranging from $1 billion to $10 billion. In the filing, the company listed an outstanding $275 million loan to FTX US, the American arm...

Almost a full two weeks after first filing for bankruptcy on Nov. 11, the insolvent cryptocurrency exchange FTX finally held its first-day motion requests on Tuesday (Nov. 22). The hearing took place in Wilmington, Delaware, the traditional city where corporate bankruptcy cases are heard.Presided over by Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware, the Tuesday session focused on what assets FTX has, to whom they are owed, and where the overall bankruptcy case for FTX and its affiliates should be held.The remaining “how” of the once-popular crypto exchange’s implosion has been widely covered;...

WASHINGTON—Sam Bankman-Fried’s multimillion-dollar Washington charm offensive revolved around a small financial regulator and a group of senators with whom the purported crypto billionaire found common cause in a bid for light-touch regulation of digital assets. For FTX, the crypto exchange Mr. Bankman-Fried founded, the goal was to steer oversight of crypto into the hands of what was perceived to be a friendlier regulator than the Securities and Exchange Commission, which has been promising a more stringent approach. His effort dovetailed with desires of other regulators and legislators to hold sway over a new, fast-growing industry. The Commodity Futures Trading Commission,...

Video at link. From Bannon's War Room. (Posted as Vanity as it is not yet a 'news story'.)

You would think that with the FTX scandal still brewing and investors missing billions of dollars from their supposedly secured crypto accounts, Securities and Exchange Commission chair Gary Gensler would have so much on his plate, he wouldn’t have time to muck around in our capital markets, which are working just fine. But sources tell me Gensler is doing just that — preparing to unveil plans for the biggest changes in about two decades to the way stocks are routed from buyers to sellers. If Gensler’s timing holds, he will announce (possibly this week) an open meeting for mid-December that...

Documents in the failed crypto exchange FTX’s bankruptcy recently revealed that the firm–through its sister hedge fund Alameda–infused $11.5 million into Moonstone Bank, formerly Farmington State Bank. As more questions are raised than answers, the bank’s chief digital officer Janvier Chalopin attempted to clear the air about the curious stake. The investment, according to Chalopin, was a “seed funding… to execute [their] new plan of being a tech focused bank.” He added that the investment was for 10% of the bank, valuing Moonstone at $115 million – a considerable boost in value considering the bank had just $10 million in...

Link Only per posting guidelines. https://news.yahoo.com/ftx-donated-1-million-super-213302026.html

cheating .. so blatant that it is now impossible to overlook. The “big four” shows on FOX .. have prattled on about every shiny object except 2022 fraud. ... In Brazil, fraud using the exact same techniques ... In Mexico, hundreds of thousands protested far-left President López Obrador’s plan to eliminate Voter ID and remove election safeguards. ... The wheels on the bus may be coming off -- four Arizona counties delayed their election certifications, which means Arizona can’t certify the election until their issues are resolved and voting machines are inspected. Duffle bags of uncounted votes were removed in...

Disgraced former FTX CEO Sam Bankman-Fried financially backed half a dozen media outlets including ProPublica, Vox and the Intercept, it has emerged. SBF's crypto exchange sensationally collapsed earlier this month, after the company filed for bankruptcy amid reports it owes billions of dollars to customers. But the repercussions could be even more far-reaching, with one media outlet warning it has a 'significant hole' in its budget now FTX has folded. 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...

During a Twitter DM interview by Kelsey Piper of Vox with FTX CEO Sam Bankman-Fried last week, something remarkable happened.Bankman-Fried ditched his annoyingly sanctimonious "monk-like" mask and revealed his true self: a greedy cynic who is laughing at the world, including the gullible media, for believing his phony "effective altruism" shtick as you can see in the section of the interview below.

NASSAU, Bahamas - Before Sam Bankman-Fried's $16 billion empire imploded, Margaux Avedisian remembers thinking there was something unsettling about the cryptocurrency wunderkind. Bankman-Fried had become a legend by pushing an image of monkish aloofness, vowing to forsake the allures of his extraordinary wealth - sleeping on beanbag chairs, driving a Toyota Corolla - and to give away his fortune for the greater good. Yet in April, when Avedisian was hired as a master of ceremonies for a conference in the Bahamas sponsored by FTX, she saw how the 30-year-old billionaire really lived: in a guarded island compound, every need closely...

… Ahead of the epic downfall of his cryptocurrency exchange this month, the 30-year-old disgraced entrepreneur was associated with the purchase of a tony townhouse in the nation’s capital. The D.C. dwelling was bought by his brother Gabe Bankman-Fried’s nonprofit, Guarding Against Pandemics, which Sam partly funded, Realtor reported. The April purchase of the $3.289 million townhouse was meant to show that “S.B.F. and his network were in D.C. to stay,” according to a piece by Puck. Shortly before FTX’s epic exposure and resulting collapse, the pandemic-preventing nonprofit reportedly hosted two back-to-back parties at the address, one for Democratic dignitaries...

* Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800. * Then FTX bought an $11.5 million stake in the bank, it has emerged during FTX's bankruptcy case. * That stake was more than twice the bank's previous net worth. The town of Farmington has just 146 residents, and is so small that Google Street View doesn't cover the whole town. For a decade, Farmington's bank held around $10 million in deposits. In the third quarter this year, deposits jumped to $84 million – 85% of which came from just four...