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Police said the body parts were cleanly amputated, suggesting the work of a professional. Fernando Perez Algaba had been staying in Argentina for a week before his alleged murder. Fernando Perez Algaba, the cryptocurrency influencer from Argentina who had been missing for more than a week, was found dead on Wednesday. Police found Mr Algaba's remains inside a suitcase near a stream in Argentinian capital Buenos Aires, according to New York Post. The grisly case came to light after a group of children found the red suitcase filled with body parts while playing by the stream on Sunday, the outlet...

The Department of Justice (DOJ) dropped a campaign finance charge against disgraced former crypto tycoon Sam Bankman-Fried (SBF) on Wednesday night, according to a court document from the Southern District of New York.Authorities assert that SBF, co-founder of bankrupt crypto exchange FTX, and its associates, utilized customer deposits for $90 million in campaign contributions to around 300 candidates or political action committees, according to The New York Times. The DOJ’s letter to the New York court states that it is not pursuing the charge because The Bahamas did not plan to extradite SBF to the U.S. on it.“The Government has...

Robert Francis "Beto" O'Rourke won praise last year after he pledged to return a massive campaign contribution from Sam Bankman-Fried, the disgraced cryptocurrency kingpin charged with defrauding customers out of billions of dollars. But campaign finance records show the failed political candidate has not lived up to that promise nearly eight months later. O'Rourke has kept $100,000 that Bankman-Fried donated to O'Rourke's failed gubernatorial campaign, according to campaign finance disclosures released this week. A spokesman for O'Rourke said in November that the campaign had returned an "unsolicited" $1 million donation from Bankman-Fried just before the Nov. 8 election. O'Rourke received...

Crypto giant FTX went bankrupt last year, the company losing billions of dollars overnight. FTX owner Sam Bankman-Fried (SBF) was the second biggest donor to Democrats in the 2022 midterms. In early January Sam Bankman-Fried pleaded not guilty to all 8 counts related to the collapse of his crypto Ponzi scheme. SBF pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. SBF was indicted on eight counts, including charges of conspiracy to commit wire fraud and securities fraud, individual charges of securities...

Robert F. Kennedy Jr. made his first public appearance as a presidential candidate at the Bitcoin 2023 conference today, sharing his own experiences with Bitcoin, warning about how technology is enabling government totalitarianism around the world and describing how he would protect the rights of Bitcoiners if elected president. “As president, I will make sure that your right to hold and use bitcoin is inviolable,” Kennedy said. "I am an ardent defender and lifelong defender of civil liberties and Bitcoin is both an exercise and a guarantee of those freedoms.” Kennedy told the crowd that he was first inspired by...

NEW YORK, March 28 (Reuters) - U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, charging the founder of now-bankrupt FTX cryptocurrency exchange with conspiring to violate anti-bribery provisions of the Foreign Corrupt Practices Act. Federal prosecutors in Manhattan accused Bankman-Fried of directing the transfer of at least $40 million of cryptocurrency to benefit Chinese government officials. In a court filing, they asked U.S. District Judge Lewis Kaplan to arrange a court hearing so Bankman-Fried can be arraigned on the new, 13-count indictment.

...The deal for the bank... included the purchase of about $72 billion in loans, at a discount of $16.5 billion, and the transfer of all the bank's deposits, worth $56 billion. Roughly $90 billion in Silicon Valley Bank's securities and other assets were not included in the sale, and remained in the F.D.I.C.'s control.Silicon Valley Bank had roughly $175 billion in deposits before its collapse, an illustration of how extensive the withdrawals were before it was seized by regulators...As part of the deal, the F.D.I.C. will receive rights linked to the stock of First Citizens, which could be worth up...

What does the Titanic have in common with NFTs? Not much. One lives on in the collective psyche as a monument to hubris while the other refuses to just sink already. Still, apropos of nothing except the smell of filthy blockchain-adjacent lucre, RMS Titanic Inc (RMST), which has been collecting artifacts associated with the ship since the 1980s, has hooked up with NFT flinger Artifact Labs and Venture Smart Financial Holdings to "bring the RMS Titanic and its physical artifacts into Web3." The ship sank into the frigid Atlantic in 1912, taking the lives of more than 1,500 people aboard....

Federal prosecutors have announced four more criminal charges against Sam Bankman-Fried, the founder of the crypto trading platform FTX, expanding his potential liability in what authorities allege is a billion dollar fraud. Bankman-Fried was charged in December in an eight-count indictment. On Thursday an indictment was unsealed adding new charges for a total of 12-counts, including conspiracy to operate an unlicensed money transmitting business, conspiracy to commit bank fraud, and securities fraud. Bankman-Fried, who was released on a $250 million bond, previously pleaded not guilty to charges announced in December, including one count of conspiracy to violate campaign finance laws....

Plans for FTX and creditors to demand information on dealings would duplicate the work of the independent examiner who has yet to be appointed, the U.S. trustee said. Proposals for FTX and a committee of its creditors to subpoena founder Sam Bankman-Fried, his immediate family and senior staff of the bankrupt crypto exchange have been opposed by the U.S. Trustee, a branch of the Department of Justice dealing with bankruptcy. The plans, set to be discussed at a Wednesday hearing, would duplicate any independent examination of the exchange’s downfall, U.S. Trustee Andrew Vara said in a legal filing made Thursday....

Sam Bankman-Fried said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on a broad crash in cryptocurrency markets, in a highly unusual blog post on Thursday (Jan 12), a month after his arrest on United States fraud charges. Federal prosecutors in Manhattan last month said Bankman-Fried stole billions of dollars from FTX customers to pay debts for his crypto-focused hedge fund, Alameda Research, purchase lavish real estate, and donate to US political campaigns. SNIP "I didn't steal funds, and I certainly didn't stash billions away," Bankman-Fried wrote in the blog published on Substack, in...

Watters startling, ironic report about on FTX Fraud: "This is a Campaign Finance Scandal"

In a court filing, former FTX CEO Sam Bankman-Fried asked to redact the names of the co-signers to his $250 million bail. The filing said the U.S. government has not taken a position on the request and that it's being done to protect the privacy and safety of the sureties. The filing said the two remaining sureties have yet to sign their individual bonds, the amounts of which have not yet been determined, but plan to do so by the Thursday deadline. "In recent weeks, Mr. Bankman-Fried's parents have become the target of intense media scrutiny, harassment, and threats.

Every day it seems that more and more information comes out showing our federal law enforcement agencies — the FBI and the Department of Justice — to be partisan enforcers working on taxpayer money for the exclusive benefit of the Democratic Party. In the most recent two weeks, it’s the Twitter Files, with the FBI caught red-handed pressuring the social media giant to suppress completely legal and First Amendment-protected (but disfavored) speech unfavorable to Joe Biden’s election (e.g., the Hunter Biden laptop story), or to the authoritarian dreams of our public health establishment (Covid-19). And this is only the latest...

Sam Bankman-Fried, the man at the center of the FTX scandal, is back on US soil after having been extradited from the Bahamas to face federal charges. Naturally, because our justice system is about as coherent as a two-year-old quoting Shakespeare, the notorious fraudster was immediately granted bail and is now spending the holidays with his family. The American oligarchy is alive and well.But I digress, there’s a lot more to the FTX scandal than just Bankman-Fried’s fate, and one of the more interesting aspects of the entire ordeal is just how close many Democrats were to him. In fact,...

NEW YORK (AP) — A judge kept secret that two of Sam Bankman-Fried’s closest associates had turned against him so the cryptocurrency entrepreneur wouldn’t get spooked and fight extradition from the Bahamas, according to court transcripts made public Friday. At that hearing, Assistant U.S. Attorney Danielle Sassoon told the judge prosecutors had expected Bankman-Fried to consent to extradition Monday before there were “some hiccups in the Bahamian courtroom.” “We’re still expecting extradition soon, but given that he has not yet entered his consent”, Sassoon told U.S. District Judge Ronnie Abrams. The judge got assurance from Ellison’s lawyer that there was...

Tesla is completely lost on Wall Street. The electric vehicle manufacturer is having a dark year in the stock market. And those difficulties worsened on Dec. 13 with another sharp drop in the stock price of almost 4%. In all, the Tesla stock lost has lost 54.2% of its value in 2022, translating into a drop in market capitalization of nearly $600 billion. Tesla (TSLA) – is down 60%, compared to its all-time high reached in November 2021. Most worryingly, on Dec. 13, shares of the Model Y maker were down while the broader market was up. This stock market...

U.S. stocks tumbled Thursday as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by monetary policymakers across the Atlantic. A disappointing reading on consumer spending also weighed on sentiment. The European Central Bank and the Bank of England followed the U.S. Fed in raising interest rates by 50 basis points Thursday morning. The BoE's hike brought rates in the country to their highest since 2008. Dow Jones Industrial Average (^DJI) DJI - DJI Real Time Price. Currency in USD Follow 33,025.93-940.42 (-2.77%) As of 01:20PM EST. Market open.

A top-ranking FTX executive last month flipped on Sam Bankman-Fried and his allies by tipping off Bahamian regulators about alleged malfeasance — two days before the doomed crypto platform filed for bankruptcy, according to court filings. Ryan Salame, who served as co-CEO of FTX Digital Markets prior to its collapse, tipped off officials on Nov. 9 that FTX client funds were being secretly transferred to “cover financial losses” at Alameda Research — the sister cryptocurrency hedge fund also owned by Bankman-Fried. The 29-year-old Salame told regulators that only three FTX executives had the authority required to approve the cash transfers...

Nancy Pelosi is passing her gavel to someone else (most likely McCarthy R-CA), but her legacy like that of fellow spendaholic John Boeher (RINO-Ohio) and Paul Rino (RINO-WI) is reckless spending and debt load. Since 2007 when Pelosi took the gavel as Speaker of the US House, Federal debt has risen from $5.8 trillion in Q4 2006 to $31.4 trillion today, an increase of over 250%. Pelosi’s spending spree was continued by RINOs Boehner and Ryan before SanFranNac retook the gavel and continued Congress’ spend-a-holic ways. Nothing has been the same since the financial crisis and Pelosi became Speaker in...