Crypto exchange FTX files for bankruptcy protection

[Raptor Witness]

On 11/17/2022 at 2:58 AM, and-then said:

Our government has morphed into full totalitarianism, all that's missing is confiscation of the guns.

You claim to have a great faith, and yet you still need man-made weapons to fight your proverbial AntiChrist?

Man-made weapons will be useless during the darkness. Only the oil from your lamp can save you. Oh wait, you don’t believe you’ll need any oil.

Faith is the oil, and if you return for your cloak, much less your gum, you’ll be left behind.

Time grows short, but not because of crypto. It’s because that generation born in 1948, is coming to an end on earth. That’s your only time piece.

The only weapons that will resist the power of the Man of Lawlessness, are supernatural.

[Eldorado]

SEC charges Sam Bankman-Fried with defrauding FTX investors

“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” SEC Chair Gary Gensler said in a statement.

Regulators signaled this may be just the first of multiple charges to come. The SEC said there are ongoing investigations into “other securities law violations” and into other entities and individuals.

https://www.msn.com/en-us/news/us/sec-charges-sam-bankman-fried-with-defrauding-ftx-investors-as-he-built-a-crypto-house-of-cards/ar-AA15dKUR

[el midgetron]

 

 

 

[acidhead]

 

[WVK]

'It's not fit for humanity': Sam Bankman-Fried's Bahamas jail is infested with rats and maggots and inmates at high risk of TB get bedsores from lying on the ground - while kids are detained with adult prisoners

https://www.dailymail.co.uk/news/article-11535725/Sam-Bankman-Frieds-chronically-overcrowded-Bahamas-jail-infested-rats-maggots.html

[Tatetopa]

41 minutes ago, WVK said:

'It's not fit for humanity': Sam Bankman-Fried's Bahamas jail is infested with rats and maggots and inmates at high risk of TB get bedsores from lying on the ground - while kids are detained with adult prisoners

https://www.dailymail.co.uk/news/article-11535725/Sam-Bankman-Frieds-chronically-overcrowded-Bahamas-jail-infested-rats-maggots.html

Bet he will be glad to get back to a US luxury prison cell.  

[Rolltide]

Ray, who oversaw Enron’s infamous corporate fraud, characterized FTX’s actions as “old fashioned embezzlement.”

“This is just taking money from customers and using it for your own purpose," Ray said. "Not sophisticated at all,” he said, explaining that what might have been sophisticated about the scheme was hiding it in plain sight.

[+DieChecker]

Reading up on this. It sounds like, rather then buisness people the company was run by characters from a Adam Sandler movie. Complete and utter incompetence from the very top down.

[el midgetron]

FTX co-founder Sam Bankman-Fried was released on $250 million bail Thursday while he awaits trial on criminal fraud charges over the spectacular collapse of his crypto exchange.
 

https://www.breitbart.com/news/ftx-boss-bankman-fried-expected-in-us-court-on-fraud-charges/
 

 

[+DieChecker]

2 hours ago, el midgetron said:

FTX co-founder Sam Bankman-Fried was released on $250 million bail Thursday while he awaits trial on criminal fraud charges over the spectacular collapse of his crypto exchange.
 

https://www.breitbart.com/news/ftx-boss-bankman-fried-expected-in-us-court-on-fraud-charges/
 

 

I read his co-founder CEO and his girlfriend CEO, both turned Federal witness against him today. 

CNBC: FTX's Gary Wang, Alameda's Caroline Ellison plead guilty to federal charges, cooperating with prosecutors.
https://www.cnbc.com/2022/12/22/ftxs-gary-wang-alamedas-caroline-ellison-plead-guilty-to-federal-charges-cooperating-with-prosecutors.html

 

Edited December 22, 2022 by DieChecker

[acidhead]

Follow the $ 

https://www.cnbc.com/2023/08/14/bankman-fried-used-customer-funds-for-100-million-in-us-political-donations-prosecutors-charge.html