US prosecutors are reportedly investigating FTX founder Sam Bankman-Fried for fraud
The news can be so surprising these days……
US prosecutors are reportedly investigating FTX founder Sam Bankman-Fried for fraud
The news can be so surprising these days……
NO REFUNDS!
Probably some hick DA from Mississippi or Alabama, not someone from the Northern New York circuit.
The news can be so surprising these days……
Actually, the news that a wealthy, well-connected big-time Democrat donor is being investigated IS surprising, given the whorehouse that Merrick Garland has made of the DOJ.
If the Sacklers can get away with the hundreds of thousands of oxy deaths, SBF will skate easily.
Noticing is of course required.
Ah Yes. Surely just a coincidence though 🙂
https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Early_life_and_education
Why is Credit Suisse’s recent $88 billion bankrun, which used Fed-ECB currency swap lines to stem, not newsworthy?
Is it because you’re just 2D partisan political hacks focusing on pennies while the real fraudsters are raking in trillions?
End of 3rd quarter 2022 CS had 1,400 Bn CHF assets under management; the 84Bn CHF outflow represents ~6% of AUM. Note these are managed assets leaving, so CS loses the management fee – not (as in FTX) own-account “investments” that turned out to be worthless.
CS is expected to lose up to 1.5Bn CHF in the fourth quarter – that’s not great news, but against tangible shareholder equity of 39.8 Bn CHF, it’s hardly going to sink them. Compare and contrast to an $8Bn hole in FTX’s claimed $14Bn equity.
Ah… Seems the Bahamas have arrested him, even though he was supposed to give a statement by video on tuesday..
Coincidence, much?
Oh, I suppose I might mention that no CS depositors have lost so much as a centime. Again, compare and contrast to FTX.
Then fuck off.
https://youtu.be/t2RNb_S_aXk
Offshore banking business,
international crime
….…….happening all the time.
He’s been charged with various financial crimes in the US that could carry sentences of over half a million years in jail:
https://www.zerohedge.com/crypto/sam-bankman-fried-arrested-bahamas-set-prompt-extradition
Whats the odds he never makes a court appearance because he ‘commits suicide’ in jail?
Was SBF’s mistake just not being big enough to merit state support?