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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Doren who wrote (1392518)2/23/2023 7:13:32 PM
From: golfer72  Respond to of 1582514
 
Yeah this train scandal hopefully will bring down and neuter the last two years of the illegal Biden admin. Hopefully The Donald will include Rudy in his next administration.



To: Doren who wrote (1392518)2/23/2023 8:59:06 PM
From: Broken_Clock  Respond to of 1582514
 
speaking of swindles...[only $8,000,000,000!!!]

D Party second largest donor...all "black" secret donations to sway an election...something the D party has screamed about R's doing for 20 years...

SBF's parents are SEC compliance officers...too funny!

Head of the SEC is a great friend to SBF and his folks

"Gensler’s rumoured ties to Sam Bankman-Fried have been the subject of growing scrutiny since US Republican Lawmaker, Tom Emmer first published a tweet on November 11."



"Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this." t.co

— Tom Emmer (@RepTomEmmer) November 10, 2022

SBF Consultant Advised "Giving To A Lot Of Woke Sh*t" According To New Indictment

by Tyler Durden

Thursday, Feb 23, 2023 - 10:03 AM
Disgraced FTX founder Sam Bankman-Fried was charged on Thursday with 12 new counts, including illegally making over 300 political contributions to the tune of tens of millions of dollars through straw donors and using corporate funds.

"Bankman-Fried's use of straw donors allowed him to evade contribution limits on individual donations to candidates to whom he had already donated," reads the indictment, which adds that the "fraudulent conduct" impaired the FEC's functioning.



"In dozens of instances, BANKMAN-FRIED's use of straw donors allowed him to evade contribution limits on individual donations to candidates to whom he had already donated."

"As a result of this fraudulent conduct," SBF and his co-conspirators caused false information to be reported by campaigns and PACs to the FEC."

New: superseding indictment charges Sam Bankman-Fried with 12 counts, includes new details about alleged campaign donation fraud.

SBF and cohort made more than 300 donations totaling tens of millions of dollars, feds allege ---> pic.twitter.com/XM9niJAcBZ

— Ben Feuerherd (@benfeuerherd) February 23, 2023SBF had previously only faced charges of conspiracy to commit wire fraud on customers and lenders, as well as commodities fraud, securities fraud, money laundering, conspiracy to defraud the United States, and violating campaign finance laws.

According to the new indictment, Bankman-Fried and others, while attempting to open a bank account, "falsely represented to a financial institution that the account would be used for trading and market making," when in fact it was used to receive and transmit customer funds.

SBF and co-conspirators "agreed to and did make corporate contributions to candidates and committees in the Southern District of New York that were reported in the name of another person," the indictment continues.

FTX's former CEO wanted to give at least $1 million to a pro-LGBTQ political action group, but couldn’t find anyone bisexual or gay at the company whom he trusted, the document said. One unnamed executive, believed to be Nishad Singh, was urged to make the donation, while another right-wing executive, apparently Ryan Salame, did so for Republican causes, the document said. - Coindesk

One SBF consultant reportedly told him "In general, you being the center left face of our spending will mean you giving to a lot of woke shit for transactional purposes."

This section is about SBF using FTX exec Nishad Singh to donate to left-leaning groups. A consultant who worked with SBF told Singh he'd have to donate to a bunch of "woke shit." This $1 million contribution was to the LGBTQ Victory Fund pic.twitter.com/AvH5neVhws

— Chuck Ross (@ChuckRossDC) February 23, 2023According to the indictment, funds used for said donations flowed from Alameda bank accounts, which included customer money, as part of the straw donor scheme.

Bankman-Fried was the second largest individual donor during the 2022 US midterm elections, contributing $39 million to various Democrat causes.



It wasn't just Bankman-Fried that made donations to politicians with $72 million overall donated by FTX execs...



Here is the full list of politicians who received donations from FTX executives...



To: Doren who wrote (1392518)2/23/2023 9:03:24 PM
From: Broken_Clock  Respond to of 1582514
 
Alameda Research and FTX had a dozen of obvious ties with the SEC and Gary Gensler. We should have seen this sooner.




ANALYSIS


So we just saw the big downfall of FTX and Alameda Research, also it got revealed that FTX and especially SBF were transferring billions of users funds to his other company Alameda Research which now has liabilities from somewhere between “$10B - $50B“. Furthermore, SBF said that FTX US is completely “liquid“ on the same day he filed for bankruptcy on it. Thats some clear crimes.

But will he ever get what he deserves for those lies? Probably not.

SBF, FTX and Alameda Research have some extensive ties to the SEC and other government entities that will surely help him to not get in trouble. Here is a list of those:

The current Co-CEO of Alameda Research (yes, that one girl that is leading Alameda with elementary school maths) is the daughter of SEC chairman Gary Gensler‘s boss at MIT. Also SBF went to MIT and helped a lot to create Alameda Research there.

The general counsel of FTX US was the lead counsel for Gary Gensler at the CFTC. (Gary Gensler allegedly helped FTX on legal loopholes)

Obviously we all also know that SBF was one of the biggest donors to the democrats this Midterms. With over $50M on the official sum.

The whole launch of FTX just happened 13 days after Joe Biden announced his presidential campaign on 25th April 2019.

That's probably just the tip of the ice-berg too, FTX and SBF have a lot of ties to someone like the SEC and we should have seen the earlier, there was a mountain full of red flags. But now that its over it wont help to be mad about it but to keep this in mind the next time we have to trust any centralized exchange, we. should be more careful from now on.

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