Crypto conman Sam Bankman-Fried has been found guilty on all seven counts of fraud and conspiracy. The evidence was overwhelming and the three former executives who worked side by side with him testified against him.
Former Alameda CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh, said SBF directed them to commit crimes, including the looting of FTX and lying to lenders and investors about the companies’ finances.
NEW YORK, Nov 2 (Reuters) – FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace.
A 12-member jury in Manhattan federal court convicted him on all seven counts he faced after a monthlong trial in which prosecutors made the case that he stole $8 billion from the exchange’s customers out of sheer greed. The verdict came just shy of one year after FTX filed for bankruptcy in a swift corporate meltdown that shocked financial markets and erased his estimated $26 billion personal fortune.
The jury reached the verdict after just over four hours of deliberations. Bankman-Fried stood and clasped his hands together as the verdict was read.
Bankman-Fried had pleaded not guilty to two counts of fraud and five counts of conspiracy.
The conviction represented a victory for the U.S. Justice Department and Damian Williams, the top federal prosecutor in Manhattan, who made rooting out corruption in financial markets one of his top priorities. (read more)
…”FTX cofounder Gary Wang, who was FTX’s chief technology officer, revealed in his testimony that Bankman-Fried directed him to insert code into FTX’s operations so that Alameda Research could make unlimited withdrawals from FTX and have a credit line up to $65 billion. Wang said the money came from customers.”… ~ Politico
I’m sure he will miss his vegan lifestyle while he gets in touch with his feminine side…
$am, how many of your friend$ in political office have stood by your $ide?
None?
I bet he no longer feels it was money well spent. Well, the politicos, got what they needed- fatter bank accounts. Sam, how many times have your Democrat and RINO friends been by to visit? Say thanks? Pat you on the back for a job well done?
$40 million washed through election donations to both parties.
When do the candidates give that money back?
Wouldn’t the donations be considered ill gotten gains?
No way to claw this money up back to help the investors?
Sam was the second biggest contributor to the Dims.
Ukraine monies went directly back into the United States and into the bank accounts and businesses owned by the Biden Crime families and the Obama’s! He has to keep quiet if he wants to continue breathing!
And how much of that came from Ukraine, which funneled a lot of money through FTX?
BINGO!! 👍
no one will give back the funds they were funneled by FTX! To save his life, Sam is not going to ever divulge.
The bankruptcy trustee will go after that money.
In a world that operates justly and correctly. Not in the current Police State that we live under. It won’t happen.
The Swamp is set up as a money “roach motel.” Money goes in. It doesn’t come back out
Never trust a fat vegan. Stanford is raking up a huge reputation.
Biden will probably pardon him as one of his last acts in office.
May he rot away in a dirty Louisiana prison next to a bug infested swamp.
Nah, he will be in Club Fed.
Sounds like Angola prison to me.
This could get interesting. I heard recently from someone who I believe is a trusted source, I think it was Robert Barnes, that Sam’s mother ran the DIMs illegal ballot stuffing operation in 2020, and maybe since and before.
Sam-Bankman Fried’s mom helped craft Democrats’ ‘illegal’ 2020 election tactics: report
By Lydia Moynihan
17 Aug 2023
https://nypost.com/2023/08/17/sam-bankman-frieds-mom-helped-craft-democrats-illegal-2020-election-tactics-report
Why is any of this legal in the first place? We need to get all 3rd parties out of any and all of the voting process, period.
A Nonprofit With Ties to Democrats Is Sending Out Millions of Ballot Applications. Election Officials Wish It Would Stop.
Election officials say a flood of mailers from the Center for Voter Information has contained mistakes and confused voters at a time when states are racing to expand vote by mail.
By Joshua Eaton, Lauren Rosenthal and Thy Anh Vo
23 Oct 2020
https://www.propublica.org/article/a-nonprofit-with-ties-to-democrats-is-sending-out-millions-of-ballot-applications-election-officials-wish-it-would-stop
“Gerry Cohen had already voted, dropping off his state-issued ballot at his local post office, by the time the unsolicited mail ballot applications started showing up at his house in early September. The first one or two didn’t bother him. Cohen knows elections: He teaches election law at Duke University and is a Democratic member of the Board of Elections in Wake County, North Carolina. Sending applications directly to voters is “a good public service,” he said.
But Cohen said he and his wife have received at least seven unsolicited mail ballot applications since he voted — not from the state or county, but from the same get-out-the-vote group. “It’s extremely disruptive and reaches the level of a disinformation campaign,” Cohen said. “I think seven is malicious.”“…
I think the goal is to cause confusion. Overwhelm the real people in charge of the process so they make mistakes and stretch the rules and upend their tight budgets so they will accept dark outside $$$ or “help”.
The left have run out of Republicans to punish. They are now going after players among their ranks. That tells me two things: (1) The old tricks against Republicans aren’t working as well any longer and (2) they NEED the compliance and cooperation of RINOs to continue doing what they do and risk losing the compliance and cooperation if they keep going after people on the right. Also, they are running out of RINOs…. (not fast enough but they are)
Sam messed up so badly they couldn’t sweep it under the rug. He thought he was untouchable as a Dem money laundering operation with the connections he had, and they tried to let him off at first but too many lives were destroyed for a cover up to work. Especially with Sleepy Joe already in the hot seat for his own corruption.
Dems like to keep it all in the family, but they turn on each other pretty easily it seems.
Tom Brady got taken for many millions of dollars. I’m sure he contributed to bringing the lawsuit against SBF.
I’ll bet he (Brady) was BS that this creep defrauded him, an internationally known Sports icon, the STAR QB with 5-6 SB wins….
No. That’s why they want the IRS money–to punish Joe Schmo like you and me who live in Trump country and who speak up to everyone we see every day. They want to start punishing us now!
Sundance’ other pertinent word: Sunlight.
I wonder if the kids was to save the mom? It seems to make sense now…
Uh-huh! The sacrificial lamb, except he won’t really be sacrificed.
What???? Whoa.
Stealing 8 billion out of “sheer greed”??? Good Lord, how much does one need? He sounds like he’s got some Clinton DNA!!!
Just wanted to salt away a bit for a rainy day.
Have you seen the cost of bean bag chairs lately?????!!!!!
It costs a fortune to outfit a mansion on the beach in the Bahamas, not to mention the running tab at the bar down the street!
/S
Only if he got a wedding and wedding dress out of it too.
You realize all of the money that goes to Ukraine goes in part into the pockets of US politicians. And how much has been sent over into Ukraine’s “black hole” money pit? $113bn. That’s just the count in September.
The money SBF (seriously, his name has BANKman in it?) gave to Democrats has never been returned. If I were somehow given stolen money, I would be forced to give it back. Who was it stolen from? Whay aren’t there court orders to make attempts to return stolen money? Seems weird.
When do they sneak him off to Israel? Isn’t that the way it works?
For all the ranting the rank & file Left does about evil billionaires, you’d think occasionally one of them would look around the room and go “hey… wait a minute!”
Or just look in a mirror … 🤡
I’m smiling thinking of the dilemma he’ll often face….”Sam, do you want to be the husband or the wife tonight?”
He’ll have no choice. He’ll Always be “the wife:.
Does this mean the politicians will have to give back the money?
LMAO!
I was going back thru CTH for SBF articles and this headline caught my eye. Knowing SBF’s trial was being held in Manhattan, where they are currently fake trying the Trump family, and gagging them. People who actually did nothing wrong. And I’m thinking this is what they are doing to President Trump right now. Then I read further..
Sam Bankman-Fried Heading to Prison After Intimidating Key Witness Using Leaks to New York Times
August 11, 2023 | Sundance
“Let’s see… We will trade you one SBF incarceration in exchange for one DJT incarceration and call it fair.
After a US judge in New York tells Sam Bankman-Fried he does not have unlimited first amendment rights, Judge Lewis Kaplan revoked bail and sent SBF to jail for using leaks to the media to intimidate a key federal witness against him – his former girlfriend.
Setting the stage for…
A US judge in DC telling President Donald John Trump he does not have unlimited first amendment rights; establishing the groundwork for sending DJT to jail for using his political platform to intimate Mike Pence, a key federal witness against him – his former Vice President.“…
Here’s the list of donations, or so they say:
FTX Asks for Political Donations to Be Returned – First Full List of Recipients Released
February 5, 2023 | Sundance
“Too easy” to actually be believed. Anyone could make up and publish such a list, as a clumsy attempt at extortion.
On that list is R Chuck Fleishman from TN. He is as big a Rino as you can be–votes almost always with the Dems and here in TN has everyone (IMO) fooled and he slides under the radar. He had no opposition at last election.
Hearsay is that it includes all 22 of the GOP House Rinos that voted against Jim Jordan as Speaker.
The father and mother, both Leftist extremist/ Marxist law professors were deeply involved in setting up the fraud = it is said it was the fathers idea. Much of the fraud went to Democrats. SBK appears to be taking the fall. FTX was never intended to be a legit business, but a front.
Those Marxists, always turning on each other, even their own kin.
Don’t cry for Sam Bankfraud – he’ll be free as a bird long before any of the J6 prisoners even get a trial date.
——-
🤥🤫
The two criminals are completely different, except for the fact that Fried knows where all the political skeletons are buried. He knows where the money went. And yes, “that might well do him in.”
But in Epstein’s case, “even prison guards and hardened criminals have daughters.” So, he just took a ride on [Dame Agatha Christie’s] The Orient Express, and no one will ever miss him. Sometimes, justice is served quickly and without fanfare.
Epstein knew where all the bodies were buried. That was his real business.
I don’t think that’s why Epstein got suicided.
I saw a documentary once about a prison down in Louisiana that had a stand-alone cell on the prison grounds. No glass in the window (just bars), no heat, no air conditioning, no telephone, steel door WELDED SHUT!
Seems to me like an ideal type of spot for an “extended vacation” for this scumbucket! But, that’s just me!
Hmmm, no swamper recipients of his “donations” will be joining him?
Now go after the politicians that were sucking off this fraud..
NO MERCY
Good. He’ll be in jail. So, he can’t say a word about his political donation racket
And now what happens to his co-conspirator partners in crime in this multibillion dollar fraud larger than Madoff? Do they just get to say they are sorry, blame SBF and then walk? Good thing they didn’t walk peacefully through the Capitol building.
SBF is the scapegoat so we can all just look the other way now. Kind of like Ghislaine and how she didn’t have to identify any of the people using her illegal services.
Ok, so Next….Nancy, Hillary, Obama-Biden. And yes I’m serious!!
No jail time.
30 days home confinement in mom’s basement.
He’s a democrat funding democrats afterall.
Oopsie.
He’s the fall man. Everyone else washes their hand…
This is the fate of ALL useful idiots. You Are Disposable!! I really wish the people supporting the Democrats understood this. They think they are Democrats themselves but they are not. Think of the communist leaders. Are they communist? NO! They are not. They do not behave as if they are “one of the people” and sharing all resources each according to their need and ability. Communist leaders are not communists! And Democrat leaders are also not communists… they are actually just ordinary tyrants who use lies to make Democrats do what they want them to do… FOR THEM.
And when the Useful Idiot pit bulls are done with their tasks,… they are Liquidated. See: Hitler’s Brownshirts, Lenin/Stalin’s Bolshevik mob henchmen, and Mao’s Red Guard.
Can’t have the rapid dogs turn on and attack their Masters.
It’s even more evil than that. His parents are big time Marxist Dem operates. The communists are always willing to sacrifice their children for the cause, in any way needed.
Sam Bankfraud-Kiev will do fine in his brief time in prison.
He knew if he told what he knows about the funneling of money from Ukraine back to the Biden Crime Family, he would have been done away with a la Epstein, or the Clinton Ft Marcy Park, treatment! Once money went to Ukraine, The Z man took his cut, then Sam Bankman-Fried’s FTX network, would funnel money back into the United States and into accounts owned by Obama and the Biden Crime Family! He had to plead guilty and stay quiet or die!
Reread the article. He did not plead guilty. And he will very likely die soon.
Gee Sam,… trying to buy your Get Out of Jail Free card for your massive Crypto $ Crimes by being Joe Biden’s biggest donor in 2020 sure has backfired now, eh?
Serves you right for trying to rely on a corrupt “Bought-Off” Dim pol. You’ll have plenty of time now to ponder your misjudgements on who to hire and who to donate too.
Happy Trails, convict.
His parents need to be jailed as well. He’s the fall guy, not smart enough to set up something this complicated. His parents are tho.
Not only a n arrogant con artist, theif and liar, he’s also a cad who tried to pin the entire scam on his ex-girlfriend…I hope he NEVER gets out of jail …and I don’t believe for one minute that his parents had NO IDEA of what he was doing.
Gee, I wonder where all that money went? And I heard they were using Quickbooks for their multibillion operation, ROTF!!!! There is so much more they aren’t telling us.
I’m so jaded that I’m actually surprised when justice is even partially served.
Also with that belt (sorry don’t know what its called), cuffs open and no tie… he kind of looks like a pirate.
Did they give the misshapen girl immunity? I mean, come on, if someone tells you to commit a crime — you have the duty to refuse and turn them in.
Victory for the DoJ for sure. SBF will likely meet his fate in prison, then he can’t talk about all the millions he washed for the Democrats/DoJ/et al from the UKR ‘aid”..