U KNEW IT! FTX CEO, Bankman-Fried, says he's VICTIM of anti-semitism, ho ho ho

[Apollonian]

Accused FTX Crypto Scammer Sam Bankman-Fried Claims He's The VICTIM of Anti-Semitism in Bid to Escape Charges​ Chris Menahan InformationLiberation Dec. 13, 2022

Linkhttps://www.informationliberation.com/?id=63500

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FTX founder Sam Bankman-Fried sought to escape charges for his shady crypto exchange's collapse by telling Congress that he's the victim of anti-Semitism. From The Daily Mail, "Fallen FTX founder SBF and his parents arrive at Bahamas court - as his Congressional testimony blames depression, claims he's victim of anti-Semitism and that his failed crypto exchange is SOLVENT and can cover 1.8B losses": Disgraced FTX founder Sam Bankman-Fried has been denied bail as he fights extradition to the United States in the Bahamas after being charged with one of the 'biggest financial frauds in American history'. Bankman-Fried is accused of defrauding investors out of $1.8billion by convincing them his trading platform FTX was safe to use. He has been holed up in the Bahamas for weeks, but today was denied bail after prosecutors argued in court that he was a flight risk. [...] Bankman-Fried was due to give testimony today about his doomed platform before the U.S. House of Representatives Committee on Financial Services. Forbes obtained a written copy of the testimony he was expected to give. It began: 'I would like to start by formally stating under oath: I f****d up. I know that it doesn't mean much to say that I'm sorry. And so I'm dedicating as much of myself as I can to do the right thing by customers. 'When all is said and done, I'll judge myself primarily by one metric: whether I have eventually been able to make customers whole. If I fail our customers in this regard, I have failed myself.' But over the next 18 pages, he blamed anti-Semitism, lawyers and even his own ex-girlfriend for the breakdown of his company. Here's the excerpt from his planned testimony: I wonder if the ADL is going to come to his defense?

 

[Apollonian]

Bankman-Fried, others made more than 300 illegal political donations, new indictment says​

Link: https://www.jpost.com/business-and-innovation/all-news/article-732542

Bankman-Fried was previously hit with eight counts of fraud, money laundering and other charges over the collapse of the now-bankrupt exchange.​

By REUTERS
Published: FEBRUARY 23, 2023 16:55

Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas December 21, 2022.
(photo credit: REUTERS/MARCO BELLO)

Sam Bankman-Fried and his co-conspirators made more than 300 illegal political donations in the United States, according to a new indictment against the FTX cryptocurrency exchange founder unsealed on Thursday in Manhattan federal court.

The donations, totaling tens of millions of dollars, were unlawful because they were attributed to a "straw donor" or made using corporate funds, often allowing Bankman-Fried to evade contribution limits on individual contributions to candidates, prosecutors said.

Overall, the new indictment contains four fraud charges and eight conspiracy charges.

Eight counts of fraud​

Bankman-Fried was previously hit with eight counts of fraud, money laundering and other charges over the collapse of the now-bankrupt exchange. He has pleaded not guilty in those cases.

Prosecutors say Bankman-Fried used the stolen customer funds to plug losses at Alameda Research, his hedge fund. Alameda's former chief executive, Caroline Ellison, and a former FTX executive, Gary Wang, have both pleaded guilty to fraud charges and agreed to cooperate with the investigation.

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. (credit: REUTERS/ANDREW KELLY)
"Exploiting the trust that FTX customers placed in him and his exchange, Bankman-Fried stole FTX customer deposits, and used billions of dollars in stolen funds for a variety of purposes," reads the new indictment, which was filed on Wednesday.

After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion net worth. He also became an influential political donor in the United States until the exchange collapsed in November amid a flurry of customer withdrawals.

The new indictment hit Bankman-Fried with additional charges of conspiracy to commit bank fraud and conspiracy to operate an unlicensed money-transmitting business.

A spokesman for Bankman-Fried did not immediately respond to a request for comment.

 

[Apollonian]

US offers to drop some charges for now against Sam Bankman-Fried​

Bankman-Fried is scheduled to stand trial in October.

By Aaron Katersky
June 15, 2023, 11:28 AM

Link: https://abcnews.go.com/Business/us-offers-drop-charges-now-sam-bankman-fried/story?id=100108547

Sam Bankman-Fried pleads not guilty to federal charges
Sam Bankman-Fried is being accuse...Read More

Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges.

The offer to sever five of the 13 charges followed a ruling earlier this week in the Bahamas that allows Bankman-Fried to challenge the additional charges.

A prosecutor said during a hearing Thursday it was uncertain when the Bahamas would decide whether to consent to the new charges, which included bank fraud and an allegation Bankman-Fried bribed the Chinese.

"Severing those counts seems to be appropriate given the developments in the Bahamas this week," the prosecutor, Nathan Rehn, said.

MORE: FTX crypto collapse: Sam Bankman-Fried seeks to dismiss most criminal charges​

Bankman-Fried, who has pleaded not guilty, is scheduled to stand trial in October. Rehn said prosecutors would not proceed with the new charges unless the government of the Bahamas consented.

Bankman-Fried was extradited from the Bahamas on eight criminal charges stemming from the collapse of FTX, the crypto-exchange he founded. He has argued the U.S. government breached its extradition treaty with the Bahamas by filing additional charges against him months later, including bank fraud and an allegation he paid a $40 million bribe to the Chinese government to unfreeze a trading account.

"We think dismissal of those counts would be the better outcome," defense attorney Marc Cohen said.

The judge did not immediately rule.

"I’m not going to rule on this now," Judge Lewis Kaplan said. "I’m going to give it a little more thought."

MORE: Judge raises possibility of revoking Sam Bankman-Fried's bail over possible witness tampering​

The defense asked the judge to dismiss an original charge that accused Bankman-Fried of violating campaign finance laws, arguing that count also violated the extradition treaty. The charge said Bankman-Fried improperly donated tens of millions of dollars to mainly Democratic and some Republican candidates.

Prosecutors said Bankman-Fried lacked standing to make the argument because the decision to move forward with the charge involved diplomatic policy.

"It’s a matter of diplomatic relations between the U.S. and the Bahamas," Rehn said. "It was an understanding of all the parties involved that this was part of the extradition."

Bankman-Fried is broadly accused of misappropriating billions of dollars in customer and investor money from FTX in what prosecutors have described as one of the biggest financial frauds ever. He has been free on bail, confined to his parents’ home in Palo Alto and restricted in his use of the internet.

 

[Apollonian]

Caroline Ellison paid herself $22.5 million bonus around the time she estimated a more than $10 billion cash shortfall at FTX, lawsuit alleges​

Link: https://finance.yahoo.com/news/caroline-ellison-paid-herself-22-131136554.html

Chloe Taylor
Fri, July 21, 2023 at 8:11 AM CDT·4 min read

Alameda Research CEO Caroline Ellison allegedly paid herself millions of dollars in a single bonus payment despite knowing about massive holes in FTX’s finances.
Months before FTX filed for bankruptcy, she allegedly moved the money between various accounts until it landed in her own.
Crypto exchange FTX spectacularly imploded late last year, dragging Alameda Research, its affiliate trading firm, down with it.
Alameda itself was losing huge amounts of money thanks to high-risk bets, with FTX accused of secretly redirecting its users’ funds to its sister firm to help plug its losses.
Legal proceedings launched in the wake of FTX’s downfall have accused its top executives of gross mismanagement, including founder and CEO Sam Bankman-Fried (widely known as “SBF”).
In December, Ellison herself pleaded guilty to seven offenses, including wire fraud and money laundering.

Multimillion-dollar bonus​

Shortly after FTX went under, it was reported that she and SBF had been aware of red flags at the crypto exchange three months before its collapse.
According to a new legal filing, however, Ellison knew about major holes in FTX’s finances eight months before the firm’s cashflow problems were made public—and instead of acting to fix the problem, she made a series of convoluted transactions to pay herself a multimillion-dollar bonus.
FTX’s latest lawsuit against SBF and his top associates—filed on Thursday—alleged that as early as March 2022, Ellison estimated FTX had a cash deficit of more than $10 billion.
The estimate, which she kept in her private notes, came just weeks after she transferred $22.5 million from Alameda to her own personal FTX account via a series of transactions through other accounts.
On March 29, she allegedly transferred $10 million of that so-called “bonus” to her personal bank account, using the funds to invest in an unnamed A.I. safety and research firm.
In the lawsuit, the money was labeled “misappropriated Debtor funds.”
Lawyers for Ellison were not available for comment when contacted by Fortune.
It was also alleged that on separate occasions between 2021 and 2022, Ellison had misused company funds to give herself other multimillion-dollar bonuses.
"No 'bonus' could possibly be justified given Ellison’s extensive misconduct," the complaint filed on Thursday said.
Eight months after Ellison's major bonus payment, FTX started voluntary Chapter 11 proceedings in the United States.
The bankruptcy filing came after Ellison’s former boyfriend SBF publicly scrambled—and failed—to raise emergency funds to plug the gaps in the company’s finances.
Until the company’s downfall, Bankman-Fried was widely respected, having cultivated an image as a philanthropist as well as a business magnate, drawing comparisons to the likes of Warren Buffett. However, the 48-hour demise of FTX left his reputation in tatters.
SBF took a massive personal financial hit from the firm’s collapse, with his entire $16 billion fortune wiped out, according to Bloomberg, marking one of the greatest destructions of wealth in history.
At the peak of his fortune, the 31-year-old had a net worth of $26 billion.

Ellison found CEO role ‘overwhelming’​

Ellison—who was just 28 years old when FTX and Alameda imploded—also built up a huge fortune during her tenure at the helm of Alameda.
According to FTX bankruptcy filings, she received $6 million in payments and loans over the life of the collapsed cryptocurrency exchange, and was reported to have had a net worth of $15 million by the time the company collapsed.
However, it emerged on Thursday that Ellison had little faith in her own ability to run the company.
“Running Alameda doesn’t feel like something I’m that comparatively advantaged at or well suited to do,” she said in a diary entry seen by the New York Times.
“I have been feeling pretty unhappy and overwhelmed with my job,” she added. “At the end of the day I can’t wait to go home and turn off my phone and have a drink and get away from it all.”
In a December hearing, Ellison told a judge that she “knew that [what she had done] was wrong.”
Asked if she knew her actions were illegal, Ellison replied: “Yes.”
Before entering her guilty plea and agreeing to cooperate with authorities, Ellison was reportedly facing a 110-year prison sentence for her crimes.
Legal proceedings are still underway.
This story was originally featured on Fortune.com

 

[Apollonian]

Senate Dems Pledged To Return Donations From FTX Fraudster. They Still Haven’t.​

Link: https://freebeacon.com/democrats/se...nations-from-ftx-fraudster-they-still-havent/

Senators Joe Manchin and Jacky Rosen (Getty Images).

Chuck Ross
July 21, 2023

Senators Jacky Rosen (D., Nev.) and Joe Manchin (D., W.Va.) pledged to return contributions from an FTX executive who pleaded guilty to making millions of dollars in illegal campaign contributions. But campaign finance records show the two vulnerable Democrats have yet to return the money.


Rosen’s campaign said in February it would return a $2,900 contribution from Nishad Singh, the former head of engineering at FTX. A Manchin campaign spokeswoman told the Washington Free Beacon on June 6 that the campaign planned to return Singh’s money in the wake of his guilty plea earlier this year on fraud and campaign finance violations. He admitted to making millions of dollars of campaign donations—all to Democrats—using money stolen from customers of FTX.
Many Democrats have promised to return donations from Singh and FTX founder Sam Bankman-Fried, who has been charged with fraud and campaign finance violations. Some Democrats—including Sens. Jon Tester (D., Mont.) and Bob Casey (D., Pa.)—have turned Singh’s donations over to the U.S. Marshals Service, which created a fund for FTX victims. But Rosen and Manchin have yet to follow suit, according to campaign finance disclosures released on July 15.
It’s the latest example of Democrats skirting their pledges to return money from FTX executives. Failed Texas gubernatorial candidate Robert Francis "Beto" O’Rourke has kept $100,000 from Bankman-Fried, which he pledged to return last year.
Rosen and Manchin will likely need every penny they can get as they gear up for brutal Senate races next year. The Democrats are expected to spend heavily in their respective states, Nevada and West Virginia, in order to maintain their narrow majority in the Senate.
Their handling of Singh’s donations is in stark contrast to how Republicans in their states have handled contributions from another FTX executive, Ryan Salame. Adam Laxalt, who challenged Nevada Sen. Catherine Cortez Masto (D.), forwarded a $2,900 donation from Salame to the U.S. Marshals Service on May 16. The West Virginia Republican Party disgorged a $3,700 contribution from Salame on April 3. Unlike Singh and Bankman-Fried, Salame has not been charged in the FTX fraud case, though he is reportedly cooperating with prosecutors.
"I wish it was surprising to find out that Senator Manchin has followed the lead of many members of his party in keeping illegal straw donations, but it is not," said Elgine McArdle, chair of the West Virginia Republican Party. "West Virginians have found that they can count on Manchin for one thing: eventually falling in line with other liberals in his Democrat Party."
Sam Brown, an Afghanistan veteran running against Rosen, said the senator’s grip on Bankman-Fried’s donations shows she "abandoned Nevada values for D.C. values long ago."
"Trusting Jacky Rosen to return this money makes as much sense as trusting FTX to manage it. It's been months and she's still holding on to it, and I don't see a D.C. elite like Jacky parting ways with her far-left mega donors anytime soon," Brown told the Free Beacon.
The Rosen and Manchin campaigns have said they were awaiting guidance from the Justice Department on where to send Singh’s donations. A spokesperson for Rosen said in February that Singh’s donations had been set aside and that the campaign was waiting for guidance from the Justice Department on what to do with the money.
A Manchin campaign spokeswoman said the senator's leadership PAC disgorged a contribution from Singh in April, but that the campaign was waiting on additional instructions from the Justice Department.
"The Senate campaign has not yet received similar instructions from DOJ, but we are in contact with them, and expect to receive direction as to where to send the remaining funds shortly," the spokeswoman said.


Neither campaign responded to requests for comment for this story.
Six House Democrats who received contributions from Singh have paid the U.S. Marshals Service, including Rep. Steven Horsford, a Nevada Democrat. He disgorged a contribution from Singh on June 21, campaign records show. Reps. Rosa DeLauro (Conn.), Greg Casar (Texas), Sean Casten (Ill.), Yvette Clarke (N.Y.), and Kim Schrier (Wash.) have also disgorged Singh’s donations, according to campaign finance records.

 

[Apollonian]

Here's good biography on Sammy's Jew girl-friend, Caroline Ellison

 

[Apollonian]

Jury finds the Jew guilty of fraud, etc., facing over 100 yrs in the slammer, suckers

 

[Apollonian]

Sam Bankman-Fried will not face a second trial​

Jonathan Stempel
Fri, December 29, 2023 at 5:39 PM CST·2 min read

Link: https://finance.yahoo.com/news/sam-bankman-fried-not-face-233911679.html/

FILE PHOTO: Former FTX Chief Executive Bankman-Fried at the Manhattan federal court in New York City

By Jonathan Stempel

NEW YORK (Reuters) -U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.
In a letter filed on Friday night in federal court in Manhattan, prosecutors said the "strong public interest" in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.

Prosecutors said that interest "weighs particularly heavily here," given that Bankman-Fried's scheduled March 28, 2024, sentencing will likely include orders of forfeiture and restitution for victims of his crimes.
Jurors on Nov. 2 convicted Bankman-Fried on all seven fraud and conspiracy counts he faced. Prosecutors had accused him of looting $8 billion from FTX customers out of sheer greed.
Lawyers for Bankman-Fried declined to comment.
Bankman-Fried had faced six additional charges that had been severed from his first trial, including campaign finance violations, conspiracy to commit bribery, and conspiracy to operate an unlicensed money transmitting business.
He had been extradited in December 2022 from the Bahamas, where FTX was based, to face the seven earlier charges.
The Bahamas has yet to grant its consent for a trial on the remaining charges, however, leaving the timetable uncertain, prosecutors said.
Bankman-Fried's verdict came nearly one year after FTX filed for bankruptcy, erasing his once-$26 billion personal fortune in one of the fastest collapses of a major participant in U.S. financial markets.
Bankman-Fried could face decades in prison when he is sentenced by U.S. District Judge Lewis Kaplan in Manhattan.
Prosecutors said much of the evidence that could be offered at a second trial was already presented at the first trial.
They also said a second trial would not affect how much time Bankman-Fried could face in prison under recommended federal guidelines, because Kaplan could consider all of Bankman-Fried's conduct when sentencing him for the counts on which he was convicted.
Bankman-Fried is expected to appeal his conviction.
He testified at trial that he made mistakes running FTX, including by not creating a team to oversee risk management, but did not steal customer funds.
Bankman-Fried also said he thought the borrowing of money from FTX by his crypto-focused hedge fund Alameda Research was permissible, and that he did not realize how precarious their finances had become until shortly before both collapsed.
The Massachusetts Institute of Technology graduate has been jailed since August, when Kaplan revoked his bail after concluding that Bankman-Fried had likely tampered with prospective trial witnesses.
The case is U.S. v. Bankman-Fried, U.S. District Court, Southern District of New York, No. 22-cr-00673.
(Reporting by Jonathan Stempel in New York; Editing by Leslie Adler)

 

[Apollonian]

Kike gets 25 yrs, suckers