ALL HERE IN THIS VIDEO (CUT AND PASTE LINK OF
YOUTUBE VIDEO).
Watters: Sam Bankman-Fried had 'full access' to Biden White House
https://www.youtube.com/watch?v=H812vHPb3VY
THINK BANKSTERS' RENT GIRL MAXINE WATERS!
Judicial Watch investigated the scandal and obtained documents from the U.S. Treasury related to the controversial bailout. The famously remiss House Ethics Committee, which is charged with investigating and punishing corrupt lawmakers like Waters, found that she committed no wrongdoing. The panel bought Waters’ absurd story that she allocated the money as part of her longtime work to promote opportunity for minority-owned businesses and lending in underserved communities even though her husband’s bank was located thousands of miles away from the south Los Angeles neighborhoods she represents in Congress.
Everybody wins when Maxine sells her
endorsement, Maxine's family with cash, and
others with cash turned into newfound power.
The only losers are the voters, who get these
misleading junk mail flyers in their mail and
vote on arguably false premises.
Bankman-Fried contributed more than $40
million to Democratic candidates and political
action committees, including $5 million to a
political action committee that supported Joe
Biden's 2020 campaign. He gave $300,000 to
Democrats on the House Financial Services
Committee, which oversees the cryptocurrency
industry.
Dirty Money: Beto Clings to $100K from Sam Bankman-Fried After Pledge To Return Tainted Crypto Cash
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 positive media attention for announcing the refund, with one political scientist saying it "looks good" for O'Rourke to return Bankman-Fried's donation.
The Washington Free Beacon reported in January that O'Rourke's campaign refunded just $900,000 to Bankman-Fried and that it was placing the additional $100,000 into a fund for "victims of FTX's collapse." Campaign filings released this week do not show any refunds or payments related to the remaining $100,000.
O'Rourke clings to the cash even amid a series of damning developments in Bankman-Fried's case. Bankman-Fried was indicted in December on fraud and campaign finance charges, then slapped with additional charges in February. Prosecutors accused him of making tens of millions of dollars in political donations to "improve his personal standing" in Washington, D.C., and "curry favor" with candidates who could pass legislation favorable to his crypto trading company FTX. Former FTX executive Nishad Singh pleaded guilty in February to fraud and campaign finance charges. He contributed $100,000 to the O'Rourke campaign.
In February, the Justice Department issued letters to campaigns and political committees demanding that they forward donations from Bankman-Fried to the U.S. Marshals Service. Many recipients of Bankman-Fried's ill-gotten gains have complied. Rep. Rubén Gallego (D., Ariz.), for example, in March "disgorged" a $2,900 donation from Bankman-Fried by cutting a check to the U.S. Marshals Service, his campaign disclosures show.
O'Rourke, whose campaign has $166,758 in the bank, has not said whether he plans to run for political office in the future. Should he decide to run for office, he will likely be allowed to fund it with contributions from his gubernatorial campaign war chest. But the former congressman has faced a series of political losses in recent years. He lost in 2022 against Texas Republican governor Greg Abbott and in 2018 against Republican senator Ted Cruz. He dropped out of the 2020 Democratic field two months before the first primary.
Bankman-Fried contributed more than $40
million to Democratic candidates and political
action committees, including $5 million to a
political action committee that supported Joe
Biden's 2020 campaign. He gave $300,000 to
Democrats on the House Financial Services
Committee, which oversees the cryptocurrency
industry.
The donations opened doors for Bankman-Fried in Washington. He visited the White House at least four times in 2022, meeting with Biden's top adviser, Steve Ricchetti, and other aides. He also attended a Philadelphia retreat last year for House Democrats, where he rubbed shoulders with Rep. Maxine Waters (D., Calif.), who at the time was chairwoman of the House Financial Services panel.
O'Rourke could not be reached for comment.
Published under: 2022 Election , Beto O'Rourke , Crypto , Democratic Donors , Sam Bankman-Fried , Texas
Sam Bankman-Fried: Why isn't that guy in jail?
Democrat mega-donor Sam Bankman-Fried, whose cryptocurrency platform FTX just collapsed in a hail of fraud allegations, pretty well walks around free to do what he pleases, out in the palmy Bahamas.
That raises questions as to what is going on here, why that guy isn't, like Bernie Madoff or the assorted Enron characters, in jail for his misappropriation of customer funds from his cryptocurrency exchange, FTX, through a secret "back-door," to his Alameda Research hedge fund, run by his kinky-weird ex-girlfriend, Caroline Ellison.
FTX did, after all, insist to its cryptocurrency platform customers that it would never use their deposits for speculative trading purposes.
According to Coindesk, an industry publication of the cryptocurrency and related fields:
...FTX and other crypto exchanges are not banks. They do not (or should not) do bank-style lending, so even a very acute surge of withdrawals should not create a liquidity strain. FTX had specifically promised customers it would never lend out or otherwise use the crypto they entrusted to the exchange.
Well, it did.
The kinds of crimes now alleged about the now-bankrupt firm include secretly spiriting customer funds to Alameda for trading purposes, use of FTX assets as collateral so that Alameda could borrow and risk even more on its own behalf, immense personal loans to FTX executives which likely signaled criminal intent-- with Coindesk calling this one a biggie:
The FTX situation has more smoking guns than a shooting range in Texas, but you might call this one the smoking bazooka – a glaringly obvious sign of criminal intent. It’s still unclear how the bulk of those personal loans were used, but clawing the expenditures back will likely be a major task for liquidators.
...bailing out other troubled cryptocurrency exchanges with FTX exchange money, drawing praise as a sort of J.P. Morgan protector of the crypto industry, and the purchase of a tiny U.S. bank in Washington state, which Coindesk compared to the activities of the beyond-filthy Pakistani Bank of Credit & Commerce International's activities, which also attempted to buy itself a U.S. bank, in its case for money-laundering purposes.
All this, while claiming he had no idea what was going on at his company, and drawing lots of fawning press as a result of his help to his leftist charities and Democrats. Coindesk lays out some of the grosser ones:
It is now clear that what happened at the FTX crypto exchange and the hedge fund Alameda Research involved a variety of conscious and intentional fraud intended to steal money from both users and investors. That’s why a recent New York Times interview was widely derided for seeming to frame FTX’s collapse as the result of mismanagement rather than malfeasance. A Wall Street Journal article bemoaned the loss of charitable donations from FTX, arguably propping up Bankman-Fried’s strategic philanthropic pose. Vox co-founder Matthew Yglesias, court chronicler of the neoliberal status quo, seemed to whitewash his own entanglements by crediting Bankman-Fried’s money with helping Democrats in the 2020 elections – sidestepping the likelihood that the money was effectively embezzled.
The guy keeps getting good press despite his misuse of customer funds, which he ending up losing $10 billion of, spoonfeeding to the still-fawning media that he "made mistakes." Notice that Vox is happy to excuse him because he donated to Democrats, and the WSJ seems to be more concerned about these leftist charities, which promoted hideous ideas like "ranked choice voting," than they are about the people who lost their life savings. Some of the leftist press itelf, including vox, was funded by Bankman-Fried, and now is out of its promised grants from him and not happy about it.
That may be some kind of means of warding prosecutors off, the oodles of good press, which makes prosecutors look like bad guys if they go after him.
Prosecutors actually have bigger problems, though, in that in previous cases, such as that of Madoff, the bad guys admitted their culpability and provided their receipts. Bankman-Fried isn't doing that even as everything he says sets off bee-ess meters, as Jim Geraghty notes in his piece in National Review. Ankush Khardori, a former federal prosecutor, wrote a good, knowledgeable piece about the problems they are having on just legal issues in putting this guy away.
What does an investigation of an international financial fraud like this look like? To simplify matters greatly, the government is going to be looking for three things — documents, witnesses, and data — to determine whether SBF or those around him committed fraud. Let’s take these in turn.
He then goes into the problems with all of those matters, in documentations, witnesses, and data, plus the fact that the FTX entity and Alameda Research, are both based in the Bahamas, meaning, outside the U.S. regulatory framework, though they can still bring prosecutions based on U.S. customer losses. Emails may be on foreign servers, Google and other U.S. big tech companies may not be involved in those emails, the emails may have been deleted, the ledgers themselves may be inaccurate, and a lot of people inside the company didn't know what was going on, which will make the investigation take a lot of time.
Other thorny investigations, such as that of Elizabeth Holmes, took years, and this one could, too.
But letting this guy walk around free is problematic, too, because he is busy getting himself good press to turn that bad narrative about himself around so that the prosecutor don't dare act against him and the length of the investigation gives him time to do it.
What we may see is him donating even harder to Democrats than he already has (to the tune of $40 million) perhaps now through shell corporations to keep the lawmen at bay while the fawning press will continue to serve as his apologists. The press, as one commentator noted, devotes more time to 'exposing' Elon Musk, who spends his own money, than it does to SBF, who spends other people's money and loses it. We saw a lot of that going on with the Jeffrey Epstein case -- the knowledge that he had stuff on many prominent Democrats and others seems to have bought some kind of political protection and kept prosecutors at bay, for a time at least, with the Caribbean ensconcement another useful layer.
It goes to show the toxic influence of these donations to Democrats, and some Republicans, too, although those seem to have been done through an ignorant, unwitting, lieutenant. Bankman-Fried was the Democrats' second-largest donor, and all that he did seems to have been done on stolen money. The Democrats who took this money should be forced to make whole the defrauded investors since misappropriated money hardly becomes the property of the person who takes it.
But that might be too much at this stage. What's important now is that Bankman-Fried not be allowed to prop up any more Democrats or their odious wokester causes.
Image: Screen shot from YouTube video posted by Cointelegraph, via Wikimedia Commons // CC BY-SA 3.0
ALL HERE IN THIS VIDEO (CUT AND PASTE LINK OF
YOUTUBE VIDEO).
Watters: Sam Bankman-Fried had 'full access' to Biden White House
https://www.youtube.com/watch?v=H812vHPb3VY
Sam Bankman-Fried Aimed to Outpace George Soros as Largest Democrat Donor
28 Nov 20220
2:21
Disgraced former FTX CEO Sam Bankman-Fried tried to build a political empire to rival Democrat megadonor George Soros.
Puck News reporter Theodore Schleifer wrote that Bankman-Fried personally bought a Democrat startup, Deck, spending roughly $4 to $5 million to buy out the existing investors to the Democrat analytics firm. Bankman-Fried reportedly heard about the startup from Mind the Gap, a Democrat donor network founded by his mother, Barbara Bankman-Fried.
The purchase of Deck served as Bankman-Fried’s political scheme to be the “biggest donor in the Democratic Party,” even outshining Democrat megadonor.
THE BRIBES SUCKING DEMOCRAT PARTY - HOW MUCH DO THE COST US? HOW MUCH DO THEY SELL US OUT
It goes to show the toxic influence of these donations (FROM SAM BANKMAN-FRIED) to Democrats, and some Republicans, too, although those seem to have been done through an ignorant, unwitting, lieutenant. Bankman-Fried was the Democrats' second-largest donor, and all that he did seems to have been done on stolen money. The
ALL HERE IN THIS VIDEO (CUT AND PASTE LINK OF
YOUTUBE VIDEO).
Watters: Sam Bankman-Fried had 'full access' to Biden White House
https://www.youtube.com/watch?v=H812vHPb3VY
Sam Bankman-Fried Aimed to Outpace George Soros as Largest Democrat Donor
28 Nov 20220
2:21
Disgraced former FTX CEO Sam Bankman-Fried tried to build a political empire to rival Democrat megadonor George Soros.
Puck News reporter Theodore Schleifer wrote that Bankman-Fried personally bought a Democrat startup, Deck, spending roughly $4 to $5 million to buy out the existing investors to the Democrat analytics firm. Bankman-Fried reportedly heard about the startup from Mind the Gap, a Democrat donor network founded by his mother, Barbara Bankman-Fried.
The purchase of Deck served as Bankman-Fried’s political scheme to be the “biggest donor in the Democratic Party,” even outshining Democrat megadonor.
Democrats who took this money should be forced to make whole
the defrauded investors since misappropriated money hardly
becomes the property of the person who takes it.
Bankman-Fried’s donations opened doors for him in Washington. He visited the White House four times last year, meeting with top aides to President Joe Biden in order to discuss regulation of the crypto industry, the Washington Free Beacon reported. Bankman-Fried gave $5 million to a pro-Biden political action committee in 2020, and said in June 2022 that he might give another $1 billion to support Democrats in the midterms.
Bankman-Fried donated heavily to Senate and House members who oversee the crypto industry. He gave more than $300,000 in donations to members of the House Financial Services Committee, which held hearings in 2021 and 2022 on the crypto industry, the Free Beacon reported. Bankman-Fried was photographed last year with Rep. Maxine Waters (D., Calif.), the top Democrat on the committee.
Sam Bankman-Fried Charged in Chinese Bribery Scheme
Reuters
March 28, 2023
Disgraced crypto kingpin Sam Bankman-Fried bribed Chinese officials to unfreeze his cryptocurrency firm’s accounts in China, according to an indictment released Tuesday.
Bankman-Fried paid $40 million in cryptocurrency to the officials in November 2021, federal prosecutors in Manhattan say. Chinese authorities had shuttered the accounts earlier that year as part of an investigation into a trading partner of Alameda Research, one of Bankman-Fried’s firms. The bribe payment worked, according to prosecutors, who said the Alameda trading accounts were reinstated.
Prosecutors slapped 12 additional charges on Bankman-Fried on Tuesday, including conspiracy to violate anti-bribery statutes for the payment to China. He was indicted in December on eight counts of money laundering, fraud, and illegal campaign donations. Prosecutors added four additional charges last month, after one of Bankman-Fried’s former colleagues struck a plea deal with prosecutors.
Bankman-Fried had a history of using his companies as piggy banks to influence regulators. Bankman-Fried paid tens of millions of dollars to political candidates, largely Democrats, in order to "improve his personal standing in Washington, D.C." and "curry favor" with candidates who could help pass legislation to help his companies. He used other executives at his companies to donate millions of dollars more to Republican candidates in order to build bipartisan support in Washington.
Bankman-Fried’s donations opened doors for him in Washington. He visited the White House four times last year, meeting with top aides to President Joe Biden in order to discuss regulation of the crypto industry, the Washington Free Beacon reported. Bankman-Fried gave $5 million to a pro-Biden political action committee in 2020, and said in June 2022 that he might give another $1 billion to support Democrats in the midterms.
Bankman-Fried donated heavily to Senate and House members who oversee the crypto industry. He gave more than $300,000 in donations to members of the House Financial Services Committee, which held hearings in 2021 and 2022 on the crypto industry, the Free Beacon reported. Bankman-Fried was photographed last year with Rep. Maxine Waters (D., Calif.), the top Democrat on the committee.
Published under: China , Crypto , Maxine Waters , Sam Bankman-Fried
ALL HERE IN THIS VIDEO (CUT AND PASTE LINK OF
YOUTUBE VIDEO).
Watters: Sam Bankman-Fried had 'full access' to Biden White House
https://www.youtube.com/watch?v=H812vHPb3VY
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