The multi-billion dollar cryptocurrency company FTX, run by CEO Sam Bankman-Fried, the second biggest Democrat donor right after George Soros, collapsed last week as details emerged regarding their financial practices, which led to a run by customers on FTX. FTX did not have the funds to pay out.
It was also revealed that FTX had partnered with Ukraine to process donations to their war efforts within days of Joe Biden pledging billions of American taxpayer dollars to the country. Ukraine invested into FTX as the Biden administration funneled funds to the invaded nation, and FTX then made massive donations to Democrats in the US.
Go here to read the rest. Your tax dollars for Ukraine transformed into laundered contributions for the Democrat party. Just coincidentally I am sure, his mother Barbara Fried co-founded Mind the Gap, which raised one hundred and forty million dollars to spearhead the Democrat get our the vote drive this election.
This stinks to highest Heaven. The new Republican controlled House needs to hold hearings on this immediately, and every dollar sent to Ukraine needs to be carefully audited.
The litigation by victims investors is going to be massive and the discovery is going to be highly interesting. Stay tuned.
Crook. Hope he ends up in jail.
@Ezabelle, Depends on whether he truly regrets his actions or not. And I don’t mean just because he was caught. Is he repentant? No? No jail for you, you’ve destroyed lives and you get to be next. As with all individuals of this nature, he would deserve the death penalty, rather than becoming a further burden on the American people.
As for the Ukraine investment into FTX, want to bet the Biden administration made it a requirement in order to receive the funds granted by Congress?
For some reason, I have more hope in the investor litigation to bring truth into the open than I do in what likely will be a largely ineffective House GOP majority, provided there even is one. I am not yet fully convinced that the Democrats won’t succeed in stealing that, too.
With three recent House calls over the weekend, one in Washington, one in Arizona and the other one eludes me, the GOP is going to have the house. Litigation discovery is always more effective than grandstanding in the House, but both avenues should be pursued.
Note: Individual persons may have lost money when they bought cryptos but the systems is exactly where it was before. Cryptos are nothing but ephemeral digits. They are not even backed by spurious government promises to pay. The money used to buy them was simply transferred from one entity to another. P T Barnum is laughing at this new iteration of an old scheme.
P T Barnum is laughing at this new iteration of an old scheme.
Indeed!
“As with all individuals of this nature, he would deserve the death penalty,”
Only for killing a man can a man be put to death and must be put to death.
Every suffering he caused is put on his account.
Centuries ago, theologians used to think that demons stored vast riches in caverns somewhere, which would be produced to help the Antichrist come to power. History says otherwise. Our ideas of wealth have gone from real wealth (land, livestock, etc.), to gold and silver, to promissory notes that a government had the gold and silver in secure vaults, to “the full faith and credit” of a government, to … cryptocurrency. At each step, what is actually owned is less and less, yet people will still sell their souls for it. That is Satan’s great joke: to obtain a person’s soul, and to give him nothing in return.
And to top it off, there’s a new way to finance war: crowd funding on social media. Zelenskyy is promoting and advertising this. Maybe Putin will follow suit. Whoever crowd funds the most money wins — NOTHING but bombed out cities and dead corpses. More here at Sub Brief (who is actually ambivalent about this new way to purchase Coliseum blood-letting on an international scale):
https://youtu.be/z1Kszm6qcMc