SHITBAG SON OF A PAIR OF STANFORD LAWYERS IS ONE OF THE CORRUPT DEMOCRAT PARTY'S BIGGEST DONORS, NEXT TO NEO-FASCIST GEORGE SOROS AND JOE BIDEN-SCHUMER PAYMASTER LARRY FINK OF BLACKROCK!
IF THERE ARE TWO MEN WHO CONSTITUTE THE GREATEST THREAT TO DEMOCRACY IT WOULD BE DIVISIONIST SOCIOPATH LAWYER BARACK OBAMA AND HIS SIDE KICK LAWYER ERIC HOLDER.
The office thing might have been improper, but at this point, who cares? More at issue is the extraordinary run Holder just completed as one of history’s great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover, DiCaprio in The Departed-style, as the best defense lawyer Wall Street ever had.
ERIC HOLDER HAS long insisted that he tried really hard when he was attorney general to make criminal cases against big banks in the wake of the 2007 financial crisis. His excuse, which he made again just last month, was that Justice Department prosecutors didn’t have enough evidence to bring charges.
Many critics have long suspected that was bullshit, and that Holder, for a combination of political, self-serving, and craven reasons, held his department back.
A new, thoroughly-documented report from the House Financial Services Committee supports that theory. It recounts how career prosecutors in 2012 wanted to criminally charge the global bank HSBC for facilitating money laundering for Mexican drug lords and terrorist groups. But Holder said no.
ERIC HOLDER’S LONGTIME EXCUSE FOR NOT PROSECUTING BANKS JUST CRASHED AND BURNED
New evidence supports critique that Holder, for a combination of political, self-serving, and craven reasons, held his department back from prosecuting big banks.
Sam Bankman-Fried Sentenced to 25 Years in Jail for Fraud
Disgraced FTX CEO and Democrat Megadonor Sam Bankman-Fried on Thursday was sentenced to 25 years in jail for fraud. His sentence pales in comparison to fraudster Bernie Madoff, who received a sentence of 150 years for his financial crimes.
Judge Lewis Kaplan, who sentenced Bankman-Fried said that SBF committed witness tampering before he was remanded into custody when he communicated with former FTX general counsel. Kaplan also found that he committed perjury during his trial testimony; he reportedly falsely testified that he had no knowledge that Alameda Research, FTX’s sister company and hedge fund, had spent FTX customer deposits before the fall of 2022.
Kaplan also said that Bankman-Fried “wanted to be a hugely politically influential person in this country” and that led to his financial crimes.
Prosecutor Nicolas Roos said “Sam Bankman-Fried stole over $8 billion in customer money, and I emphasize stole because it was not a liquidity crisis, or an active mismanagement, or poor oversight from the top. It was not a bloodless financial loss on paper.”
Bankman-Fried’s attorney, Marc Mukasey, told the court on Thursday, “Sam was not a ruthless financial serial killer who set out every morning to hurt people.”
“His real motivations were misapprehended and misunderstood. Really he’s an awkward math nerd…He loves video games and veganism, and he’s compassionate to animals,” he added.
“A lot of people feel really let down, and they were very let down, and I am sorry about that. I am sorry about what happened at every stage. And there are things I should’ve done and things I shouldn’t have,” Bankman-Fried told the court.
In early November, Bankman-Fried was convicted of five counts of conspiracy and two counts of wire fraud.
Ahead of Bankman-Fried’s sentencing, current FTX CEO John Ray issued a scathing rebuke of Bankman-Fried, saying that the former FTX CEO made “callously” and “demonstrably false” claims in Bankman-Fried’s efforts to secure a lighter prison term. Ray said that the harm caused by Bankman-Fried is “vast” and his remorse is “nonexistent.”
Although one court convicted Bankman-Fried of fraud and conspiracy, the Department of Justice (DOJ) declined to prosecute Bankman-Fried for his allegedly unlawful political donations using customer funds for his alleged bribery of foreign officials.
Breitbart News reported:
Indeed, during the height of his influence, Bankman-Fried sought to outpace Democrat megadonor George Soros as the largest donor to the party. He reportedly spent $100 million in stolen customer funds to donate mostly to Democrats and was the second largest donor to Joe Biden’s presidential campaign. (Only former New York Mayor Michael Bloomberg gave more.) One Puck News report found that Bankman-Fried sought advisers and conducted data experiments to help Democrats during the 2024 elections.
…
Bankman-Fried’s mother, Barbara Fried, helped craft the strategic memo that guided the Democrats’ 2020 election strategy as the leader of the Democrat super PAC Mind the Gap. Fried, a Stanford University professor, argued that Democrats should move to get non-partisan Americans registered to vote as it is “four to ten times more cost-effective” at “netting additional Democratic votes.”
The trial against Bankman-Fried yielded many startling revelations about Bankman-Fried and how he operated the cryptocurrency exchange. This includes:
- SBF claimed to be soulless when writing a list of pros and cons about being in a relationship with Caroline Ellison, his on-and-off girlfriend and the head of Alameda
- Lawyers for Bankman-Fried claimed he was simply a “math nerd” who “didn’t steal from anyone”
- FTX cofounder Gary Wang spilled his guts on the company’s fraud
- Bribery and Thai prostitutes were used as bargaining chips to unlock $1 billion of frozen funds on other digital currency exchanges
- Bankman-Fried needed Adderall to “meaningfully participate” in the trial
- Bankman-Fried ignored employee concerns about extravagant spending, including a $30 million penthouse in the Bahamas that served as the company’s headquarters
- Bankman-Fried only “skimmed” the comany’s terms of service
- Bankman-Fried was “foolish” to stand as a witness during the trial
- Lawyers for Bankman-Fried decried his conditions in jail, including a lack of vegan meals, saying, “because he’s following his principles, [Bankman-Fried] is only now subsisting on a diet of bread and water.”
Another infamous fraudster, Bernard “Bernie” Madoff,” was sentenced to 150 years in prison for his multi-billion dollar fraud scheme.
Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter @SeanMoran3.
“Attorney General Eric Holder's tenure was a low point even within the disgraceful scandal-ridden Obama years.”
DANIEL GREENFIELD / FRONTPAGE MAG
“This was not because of difficulties in securing indictments or
convictions. On the contrary, Attorney General Eric Holder
told a Senate committee in March of 2013 that the Obama
administration chose not to prosecute the big banks or their
CEOs because to do so might “have a negative impact on the
national economy.” AS THEY LOOTED TRILLIONS FROM
THE ECONOMY AND THEN PASSED ALONG SOME OF THE
LOOT IN THE FORM OF 'SPEECH FEE' BRIBES!
During his presidency, Obama bragged that his administration was “the only thing between [Wall Street] and the pitchforks.”
In fact, Obama handed the robber barons and outright criminals responsible for the 2008–09 financial crisis a multi-trillion-dollar bailout. His administration oversaw the largest redistribution of wealth in history from the bottom to the top one percent, spearheading the attack on the living standards of teachers and autoworkers.
The Republican staff of the US House Committee on Financial Services released a report Monday presenting its findings on why the Obama Justice Department and then-Attorney General Eric Holder chose not to prosecute the British-based HSBC bank for laundering billions of dollars for Mexican and Colombian drug cartels.
WHILE BLACKROCK OWNS JOE BIDEN, J.P. MORGAN OWNS THE OBOMB. GOOGLE IT!
Ukrainian President Volodymyr Zelenskyy is tapping Wall Street firms like BlackRock and JPMorgan to help garner private and public investments to rebuild Ukraine amid its war with Russia.
“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”
OBAMANOMICS TO SERVE BANKSTERS AND GLOBAL BILLIONAIRES
https://globalistbarackobama.blogspot.com/2018/10/barack-obama-his-plundering-banksters.html
One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
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