patrick.net

https://drpanda.substack.com/p/bankrupt-cryptocurrency-exchange

Bankrupt Cryptocurrency Exchange Funded Fake Ivermectin Studies
FTX funded studies (using depositors' assets) falsely claiming hydroxychloroquine, ivermectin weren't effective Covid treatments.

Patrick says

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.

Huh, Schumer fits with this too.

Not true actually.

SBF and FTX seem to have donated exclusively to Democrats.

It's just like the vaxx. Everyone knows they lied, but they keep right on lying and raking in the money.

They're not going to stop.

Its going to be interesting to see how the Democrats like Maxine Waters tries to distract from this or even try to protect this former CEO of FTX and Democrat mega donor.

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.

.

cisTits says

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?

If they are part of the elites, of course they will. And to answer the second question: because it was a sure thing.

ad says

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.

That goes without saying.

"The CIA said 'pull it, your plane to Argentina is waiting on the runway with your papers and passport on board'".
https://t.me/WeTheMedia/80072

https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy

The Twilight Zone that is life today has a new chapter.

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/

https://nitter.net/DavidSacks/status/1593041589685063683#m

RayAmerica says

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/

Seriously? You are just now discovering what Jim Cramer is? LOL

Patrick says

Another stupid cunt making a claim. When will they start producing evidence?

I've been addicted to the All In podcast the past couple of months. Their last one was on the elections and crypto. It featured the Coinbase CEO, and the section about red flags and SBF was very interesting. See Chamath's comments.
David Sacks had a great quip about "effective altruism" as enacted by SBF and FTX colleagues: Steal other people's money while bragging about saving the world while taking a big chunk for yourself.
e104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more

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.

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.

Al_Sharpton_for_President says

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.

Sam Bankman-Fried did not even believe in "effective altruism" himself, but admitted it's just a scam:

Patrick says

https://nitter.net/DavidSacks/status/1593041589685063683#m

EBGuy says

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.

And that's the point of doing it, to undermine the credibility of people that believe it.

We HEAR this shit, but I don't see any evidence of it yet.

Really, the Federal Reserve can create as many bullshit shell companies they want, and use that to funnel money to anything they want. They don't need to go through complex scams.

https://www.dailymail.co.uk/news/article-11438875/Questions-SEC-chair-Gary-Gensler-agency-miss-signs-FTX-collapse.html

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

So SEC chair Gensler was a professor at MIT and perhaps knew Sam Bankman-Fried from there?

And Gensler's former boss Glenn Ellison is the father of Bankman-Fried's girlfriend.

The incest is amazing. Must be nice to be buddies with the head of the SEC when you're doing massively illegal things that the SEC should be prosecuting...

Patrick says

https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy

Not sure Woke Washing is going to help Bankman-Fried.

I think what is going to help is that the mainstream media like Chuck Todd of NBC News are going to try to marginalize or downplay any accountability for Bankman-Fried, and perhaps make him look like the victim.

.

So basically, it's Russia's fault?

Below is what I read in Wikipedia about FTX. I don't see the bankruptcy proceedings and the shareholder lawsuits not being able to follow the money and track every penny. I can't see how money can be embezzled or stolen easily without a vast majority of it being tracked in a forensic accounting audit.

There were no meaningful controls of FTX because of the conflicts of interest. I doubt it was that people were afraid to speak up like some who were in Enron.

I can't see how Bankman-Fried's Woke Washing or contributions to the Democrats is going to help him in that forensic audit unless that audit gets compromised or tainted because the auditors are Democrat operatives and hacks.

========================
" On 17 November, John J. Ray, III, the current CEO brought in as a liquidator revealed in a sworn declaration submitted in bankruptcy court that a subsidiary of FTX had lent $1 billion to Bankman-Fried and more than $500 million to FTX co-founder Nishad Singh as of 30 September.

Ray stated that despite having been involved in the bankruptcies of Enron, Residential Capital, Nortel and Overseas Shipholding, "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented "

Patrick says

Actually, I'm not sure about this or even how to check.

I think it may have been 100% Democrats who got funding from FTX.

https://nitter.pussthecat.org/bennyjohnson/status/1593662779239501824#m

https://nitter.pussthecat.org/adam3us/status/1593317145630449666#m



Gary is the head of the SEC, supposed to be preventing things like Sam Bankman-Fried's scam.

https://nitter.pussthecat.org/ezralevant/status/1593620782604853248#m

https://kunstler.com/clusterfuck-nation/a-smoldering-fuse/

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.

Her mom is a dude.



https://economics.mit.edu/people/faculty/sara-fisher-ellison

https://dossier.substack.com/p/will-sbf-get-away-with-it-international

Will SBF get away with it? International hurdles and corrupted elites may block justice for the crypto fraudster

Oh probably. Democrats do not have to obey the law, especially not if they are megadonors to Democrat campaigns.

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.

Patrick says

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.

Notice it wasn't even bad for the reputation of the plantation Dems. Like, it was just an enjoyable return on the free shit delusion.

Patrick says

SEC chair Gary Gensler is under scrutiny over his failure to prevent the implosion of FTX

I'm mostly curious now about the raft of the burned investors and their retaliations. If they screwed enough dynastics out of enough geld, there will be heads on pikes at the palace gates. Not out of morality or ethics or law, just pure old fashioned revenge.
It's already in court, so private settlements to avoid discovery are too late.

https://spectatorworld.com/topic/sam-bankman-fried-scam-woke-capitalism/

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...

Satanic inversions galore. Always lead with a nominally virtue signaling, altruistic grabber when you are planning to rob, pillage, steal, violate laws, destroy rights, or commit an audacious crime for profit.

Of course, this has Intel agency finger prints all over it.

"Winthrop, can we engage the spawns of a few dynastics to front our money laundering scheme? We'll garnish it with all that fake professorial shit and legerdemain. Thanks so much, talk soon. See you at Skull and Bones." "Oh, yes, it includes a 'get out of jail free' card for them. We wouldn't want our precious to go the way of the standard useful idiots."

https://slaynews.com/news/ftx-ceo-donated-300k-members-committee-investigating-him/

FTX CEO Donated $300K to Members of Committee Investigating Him

The CEO of FTX reportedly donated $300,000 to Democrat members of the U.S. House committee that is investigating his recently collapsed fraudulent cryptocurrency exchange.

CEO and co-founder Sam Bankman-Fried has been accused of running a money laundering operation that used cryptocurrency to funnel taxpayer funds into the campaigns and pockets of Democrats.

As Slay News reported, Bankman-Fried admitted that FTX was used as a laundromat for the Ukraine government.

Meanwhile, the company was pumping “clean” money back to Democrats, with Bankman-Fried himself being on record as the Democratic Party’s second-largest donor after George Soros. ...

However, as Slay News reported, FTX is being investigated by House Financial Services Committee which is chaired by Bankman-Fried-linked Democrat Rep. Maxine Waters (D-CA).

Waters announced Friday that her Committee will hold hearings on FTX in December, just before Republicans take control of the House.

Major concerns are now being raised about the legitimacy of the investigation due to much of the scandal pointing to Democrats.

Waters herself also has a close relationship with Bankman-Fried.

In December 2021, Bankman-Fried and five other cryptocurrency exchange executives testified before Waters’ House Financial Services Committee.

At the end of the hearing, a video shows Waters blowing a kiss to As Bankman-Fried as he was leaving the room.