The documents detail Bankman-Fried’s various false public statements about FTX’s risk management and custodial practices, which support both the investment and wire fraud allegations. Sam was certainly of the “go big or go home” school of fraud: He stated in front of no less than the U.S. Senate that"as a general principle FTX segregates customer assets from its own assets across our platforms," even as he was secretly funneling customer deposits off the platform for FTX’s own uses .
The most significant new charges address, in the words of the Southern District of New York, Bankman-Fried’s “unlawful political influence campaign, which involved flooding the political system with tens of millions of dollars in illegal contributions to both Democrats and Republicans made in the names of others in order to obscure the true source of the money and evade federal election law.”It might not be obvious, but this is a big, big deal. U.S.
The foolishness of whatever plan was bonging around Bankman-Fried’s blissfully book-free skull was obvious to at least some inside the operation. Bothand the new charging documents describe Alameda CEO Caroline Ellison as essentially relieved when it all came crashing down. Bankman-Fried’s obliviousness to the inevitable consequences of his actions also invites a review of evidence that stimulants were widely used and abused within FTX’s top ranks. That includes a seemingly direct confirmation, posted by Caroline Ellison on Twitter:
davidzmorris Can Biden 😁😁
SBF_FTX__parody davidzmorris Not only The biggest fraud But also the biggest stupid thing to do when you can simply live off the fees of a profitable business.
davidzmorris TELEGRAM:19062076572 investment guidance 90-350% of your capital with shares insgramtylerbraintrade
davidzmorris Why are people surprised he met with the 'president' right beforehand. God bless 'America' LOL... Oh yes and Chapo was arrested just to be replaced right before the 'president' went to 'Mexico' God it's amazing what a few evil psychopaths get away with on a yearly basis media
davidzmorris Yet it still worked 👀🫠
davidzmorris But, those donations were accepted..
davidzmorris SBF_FTX is the fall guy for GaryGensler and the SECGov to have plausible deniability. To bad he was their advisor through all the fraud. So if he missed it, he shouldn't be a regulator, otherwise he took part in it. There is no other way about it.
davidzmorris Has SBF mentioned whether or not he's sucidal 🤔
davidzmorris if it was nigeria ,it could have saved his ass .,or he better join the ruling party .
davidzmorris The jury is still out on that. Or, rather, it's not yet been seated.