patrick.net

Bankman-Fried, 31, is accused of stealing billions of dollars in FTX customer deposits, spending tens of millions on his businesses, speculative venture investments, sketchy charitable donations, and making illegal campaign contributions aimed at influencing cryptocurrency regulation in Washington and electing democrats.

As I’ve noted before, Sam never created anything before launching his failed multi-billion-dollar crypto company. The whole thing stinks. It has a very Jeffrey Epstein-esque stench to it. Not the human trafficking part, the propped-up-by-intelligence-agencies part.

Anyway, the judge denied Sam access to computers, but said she would order necessary medications and allow a diet closer to his vegan preferences.

So don’t feel too sorry for Sam. He’s doing fine. He’ll choke down whatever veggies they give him, don’t worry. He’s tough. Sort of. Well, not really.

“If you can’t do the time, don’t do the …” something. I can’t remember.

Months before the collapse of FTX, some of its U.S.-based employees discovered the so-called backdoor that Alameda Research allegedly used to withdraw billions of dollars of customer funds from the cryptocurrency exchange, people familiar with the matter said.

The employees who made the discovery reported it to the boss of their division, who discussed it with one of FTX founder Sam Bankman-Fried’s lieutenants, some of the people said. But the problem never got fixed. In the summer of 2022, the leader of the team that raised concerns about Alameda’s special privileges was fired.

Really think they are going to let this touch the elites? Let's see how this CIA rigged circus trial proceeds.

Sam Bankman-Fried Trial: Alameda CEO Caroline Ellison States Disgraced Crypto Bro Directed Her to Commit Fraud, ‘Donated $10M to Biden Campaign to Gain Influence’

Guilty on all 7 charges.

Still gonna walk?

Also, with a yap like Sam's, they don't want him anywhere where he can spill the beans, so maybe he will eventually be terminated after his debriefings are completed.

RWSGFY says

Guilty on all 7 charges.

Still gonna walk?

Yep: "A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison."

I would be surprised if Bankman Fried does not serve at least 10 years in prison before given parole.

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RWSGFY says

Guilty on all 7 charges.

Still gonna walk?

Yep: "A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison."

I would be surprised if Bankman Fried does not serve at least 10 years in prison before given parole.

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Where's AF and his colorful tirades about prolapsed anuses when we need him?

Biden is going to pardon him because there is no way Biden is going to give back his campaign contributions.

Biden is going to pardon him because there is no way Biden is going to give back his campaign contributions.

Biden is going to pardon him because there is no way Biden is going to give back his campaign contributions.

Bloomberg
FTX founder Sam Bankman-Fried was convicted of defrauding customers by a federal jury today. He was convicted on all seven counts, Reuters and other news outlets reported. The 12-member jury returned the verdict after several hours of deliberation.

The seven charges are wire fraud on customers of FTX, conspiracy to commit wire fraud on customers of FTX, wire fraud on lenders to Alameda Research, conspiracy to commit wire fraud on lenders to Alameda Research, conspiracy to commit securities fraud on investors in FTX, conspiracy to commit commodities fraud on customers of FTX in connection with purchases and sales of cryptocurrency and swaps, and conspiracy to commit money laundering.

The five charges related to wire fraud and money laundering carry maximum sentences of 20 years each, while the two securities and commodities fraud charges have maximum sentences of five years each.

SBF has very powerful friends in high places. He won't walk, but IMO, he won't get anywhere near the 110 years that is being bantered about in the media.

Mega-Dem donor Sam Bankman-Fried convicted of crypto fraud, faces 110 years behind bars. Let's review the 40% of Congress that got money from him.

Remember how CNBC and all those social influencers were praising Sam Bankman-Fried a few years ago for being the most generous liberal billionaire on the planet?

That aged like milk.

It only took the jury 5 hours to deliberate in this case, which was no small potatoes. FTX was a mega empire. It had stadiums in Florida with its name.

SBF created a crypto token that people could invest in, then used those investor funds as collateral to borrow billions of dollars that he couldn't pay back, and continued the Ponzi scheme until the whole thing crashed.

Of the billions he stole, large sums went to left-wing politicians in an effort to swing elections.

SBF was the second-largest Democrat donor in the last election cycle.



...

https://twitter.com/unusual_whales/status/1720252868526268842

@unusual_whales
SBF, Sam Bankman-Fried has been found guilty.
However around 40% of CONGRESS(!!!) received donations from SBF and FTX that were mixed user funds!
Only a few politicians returned or donated the funds.
Here is the full list of everyone who has received funds from FTX and Sam.

... Many of these politicians never returned the money, meaning a lot of victims of SBF's scam essentially made the donation of their life savings to the Democratic Party's abortion-and-transing-the-kids crusade.

A former prosecutor Bloomberg interviewed for its story pointed out that Sam will be punished for not taking a deal earlier. “He has lost a lot of his arguments for a reduced sentence by taking the case to trial, by not accepting responsibility, and by essentially arguing at every turn that he at least did not commit fraud,” the former prosecutor explained. “Those are the kinds of factors that cause prosecutors to ask for very, very high sentences.”

SBF created a crypto token that people could invest in, then used those investor funds as collateral to borrow billions of dollars that he couldn't pay back, and continued the Ponzi scheme until the whole thing crashed.

Of the billions he stole, large sums went to left-wing politicians in an effort to swing elections.

SBF was the second-largest Democrat donor in the last election cycle.

I wonder how much of Bankman Fried and Soros money was a factor in those swing districts and if these swing districts will still remain Democrat in the 2024 election.

Ever seen those superhero movies where Batman hunts down the villain and leaves him hogtied in cables for the police to mop up? That’s what happened with Sam Bankman-Fried. The internet hunted down the fraud, collected indisputable evidence, and delivered him gift-wrapped to the government. Then everyone from Elon to India yelled online for a full month till the state finally, grudgingly picked him up.