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One of the biggest scandals emerging from last week’s implosion of cryptocurrency company FTX is how much cash the CEO was pumping into the coffers of U.S. Democrats.
As Slay News has been reporting, FTX has been exposed for being at the center of a money laundering effort in Ukraine.
FTX co-founder and CEO Sam Bankman-Fried has admitted that his crypto company served as the Ukrainian government’s laundromat that has benefitted U.S. Democrats and powerful global elites.
After Democratic Party politicians, including President Joe Biden, pushed for billions of dollars in taxpayer money to be sent to Ukraine, the funds were laundered through FTX and funneled back into the 2022 midterm elections campaigns of Democrat candidates and the pockets of powerful elites.
Bankman-Fried is on record pumping $40 million into Democrat campaigns this election cycle.
The staggering donations make the FTX CEO the Democratic Party’s second-largest donor after radical billionaire George Soros. ...
The following is a list of Democrats, all of whom won re-election, that Bankman-Fried directly pumped cash to:
Rep. Lucy McBath (D-GA)
Rep. Shontel Brown (D-OH)
Rep. Robert Garcia (D-NC)
Rep. Valerie Foushee (D-NC)
Rep. Jesus “Chuy” Garcia (D-IL)
The donations didn’t end there, however, as Bankman-Fried plowed millions into groups that funneled money to Democrat campaigns. ...
The 30-year-old donated $27 million to Protect Our Future PAC, a left-leaning group that, in turn, spent heavily on behalf of Democrat candidates for the House of Representatives.
A contribution of over $10 million from Protect Our Future PAC, on behalf of Bankman-Fried, benefited Carrick Flynn, who lost his Democratic Party primary in Oregon.
Bankman-Fried also contributed $1 million to the Senate Majority PAC, which supports Democratic candidates for the Senate.
He also pumped $6 million into the House Majority PAC.
Bankrupt Cryptocurrency Exchange Funded Fake Ivermectin Studies
FTX funded studies (using depositors' assets) falsely claiming hydroxychloroquine, ivermectin weren't effective Covid treatments.
I hate to admit that if you think that Jews in various countries are cooperating on nefarious schemes to influence world politics, well, this does seem to be an example of that.
Some questions: will US taxpayers money or Fed fraud money be used to bail these idiots out? Why were regulated entities like pension funds and insurance companies 'investing' in this crap in the fist place?
Maybe they will blackmail the Republicans if they try to have hearings into this by threatening to release dirt on them, J Edgar Hoover-style or Clinton Crime Family style.
Jim Cramer said that Sam Bankman-Fried was the "J. P. Morgan of our generation." Jim Cramer also slobbered all over Elizabeth Holmes, the con-artist founder of Theranos. Cramer also recently apologized (even shed some tears) over his being so 'wrong' about hyping the Facebook/Meta stock that recently tanked. I think I'm beginning to see a pattern here, but I'm not sure.
Wrong AGAIN! Flashback as Jim Cramer calls FTX’s Sam Bankman-Fried the JP Morgan of this generation (Video)
https://www.wcbm.com/2022/11/14/wrong-again-flashback-as-jim-cramer-calls-ftxs-sam-bankman-fried-the-jp-morgan-of-this-generation-video/
effective altruism
When will they start producing evidence?
EBGuy says
effective altruism
Sounds like the pro-jab rationale. Destroy small businesses, take away freedom, kill people, injure people, fire people, censure people, violate the Nuremberg code, while bragging about saving the world.
https://nitter.net/DavidSacks/status/1593041589685063683#m
Eric Holder says
When will they start producing evidence?
IF something like what they're alleging went on, it should be on the blockchain (somewhere). They may get lucky and be right, but at this point they're just undermining their credibility be repeating an unfounded allegation. That said, I still can't figure out where FTX tokens (FTT) reside.
SEC chair Gary Gensler 'is in a corner' as Congress demands to know how his agency MISSED signs that FTX was about to collapse - despite 45-minute Zoom call with Sam Bankman-Fried where they discussed a NEW trading platform
SEC chair Gary Gensler is under scrutiny over his failure to prevent the implosion of FTX
https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
Thirty-seven billion more dollars for Ukraine? (That’s thirty-seven thousand millions of dollars, by the way.) Bringing the total this year to a click-or-two over ninety billion (ninety-thousand millions), on top of whatever Sam Bankman-Fried’s FTX company funneled through that sad-sack international money laundromat — soon to be the darkest backwater of a European failed state since Field Marshal Melchior von Hatzfeldt of Westphalia left Bohemia a corpse-strewn wasteland after the Battle of Jankau (1645).
It really doesn’t matter how much more money we pound down that rat-hole, you understand, because by the time various parties — the weapons-makers, Volodymyr Zelensky, sundry members of the US House of Representatives, The Biden family, the World Economic Forum — are finished creaming off their fair shares, poor Ukraine won’t have enough cash-on-hand to replace six fuse-boxes in Zaporizhzhia.
Against this backdrop, the USA enters a holiday season near-death spiral as unspooling scandals battle a collapsing economy for supremacy of the alt news sites. Case-in-point: the aforementioned FTX monkey business, a metastasizing tumor of the body politic. This complex fraud will smolder for a few weeks before it explodes into an extinction-grade event for the Democratic Party. The usual suspects among the mainstream media are trying to ignore it for the moment, but the shreds of this exploding money-borg are already sticking to guilty parties far and wide across the political landscape.
FTX commander-in-chief Sam Bankman-Fried remains at large after steering the crypto-currency trading platform into a bankruptcy so hideously tangled that the assigned liquidator in court proceedings, one John Ray III, who oversaw the Enron aftermath years ago, was boggled by what he’s found so far (and it’s early in the game): Namely, a company run by a handful of twenty-something drug freaks with no idea what they were doing, no record-keeping, and a slime trail of misappropriated investor’s funds leading to Kiev and Geneva through various crooked American political action committees, and the halls of Congress — with echos in ballot harvesting shenanigans which shaped the outcome of this month’s US elections.
Mr. Bankman-Fried is still scheduled as a main speaker for Accenture’s Nov. 30 DealBook Conference in New York ($2,499 for a ticket), along with Ukrainian President Volodymyr Zelensky and US Treasury Secretary Janet Yellen. Odds on him showing up? Or even being alive elsewhere on this planet then?
The extended family Bankman-Fried is the quintessence of Woke aristocracy. Dad Joe Bankman and mom Barbara Fried are both law professors at Stanford. She also acted as a money-bundler for the Democratic Party and ran two non-profit “voter registration” orgs (against the IRS laws which only permit non-partisan organized voter registration). Brother Gabe Bankman-Fried headed a non-profit named Guarding Against Pandemics (funded by Sam), which lobbies Congress to construct new platforms for medical tyranny. Aunt Linda Fried is Dean of the Columbia U’s Public Health school, and is associated with Johns Hopkins, which ran the October 2019 Event 201 pandemic drill (sponsored by the Gates Foundation) months before the Covid-19 outbreak.
Sam’s girlfriend, Caroline Ellison, ran the Alameda Investments arm of the FTX empire (that is, FTX’s own money laundromat). Her dad, Glenn Ellison is chair of MIT’s Econ School. His former colleague on the MIT Econ faculty, Gary Gensler, who specialized in blockchains there, is now head of the Securities and Exchange Commission, an agency that Sam Bankman Fried was attempting to rope into a regulation scheme to eliminate FTX’s crypto-currency competitors. Caroline’s mom, Sara Fisher Ellison is an MIT econ prof specializing in the pharmaceutical industry (fancy that!). Caroline Ellison is currently on-the-run.
The sum total of all this professional and academic accomplishment is also the quintessence of Woke-Jacobin turpitude in service to a political faction that seeks maximum moneygrubbing while acting to overthrow every norm of behavior in the conduct of elections, and perhaps in American life generally. That’s some accomplishment. It’s also a lesson in why the managerial elite of our country are no longer trustworthy. They have gotten away with crimes against the nation for years, which has only made them bolder and more reckless.
Wait for the FTX bankruptcy to unwind, along with all the political ramifications it entails, not to mention the financial afterburn in the whole crypto market, very likely extending into and befouling the rest of the banking system. This is going to be a clusterfuck for the ages, and will propel the USA into a depression with no visible horizon.
Will SBF get away with it? International hurdles and corrupted elites may block justice for the crypto fraudster
Well, I suppose after Ed Buck murdered two or three young black men in a frenzy of homo-sex, they had to do something, but they tried hard not to, because he was such a major donor to Democrat campaigns.
SEC chair Gary Gensler is under scrutiny over his failure to prevent the implosion of FTX
For anyone seeking direct proof that woke capitalism is nothing but a scam, look no further than Sam Bankman-Fried, founder and former CEO of the now bankrupt crypto exchange FTX, who says as much in a direct message exchange with Vox reporter Kelsey Piper. He calls “ethics” a “dumb game we woke Westerners play” — presumably to avoid any scrutiny from journalists, employees, investors and consumers.
I’ve worked for and with these people for decades. They want to convince you and the employees in their company that they are in it out of the goodness of their philanthropic hearts. They are just trying to make the world a better place, you see.
In reality, today’s very trendy woke capitalists assume the pose of do-gooders while filling their bank accounts with outsized wealth. And the world is charmed by their charade, which not only allows them to get away with fraud and theft, but prompts cheering from those whom they are stealing from. It’s quite the trick! ...
A few examples...
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Some questions: will US taxpayers money or Fed fraud money be used to bail these idiots out? Why were regulated entities like pension funds and insurance companies 'investing' in this crap in the fist place?