Memories of Madoff: In a week when Mark Zuckerborg lays off 13,000 at Faceplant, Jewish wonderkind Sam Bankman-Fried loses $16 billion when his Crypto Exchange FTX collapses, and he is accused of transferring two billion to his girlfriend
Caroline Ellison who has close family connections to the SEC and the Demonrat Party.
Bankman-Fried's net worth peaked at $26 billion. In October 2022, he had an estimated net worth of $10.5 billion. By 11 November 2022, the Bloomberg Billionaires Index considered Bankman-Fried to have no material wealth. Before Bankman-Fried's wealth eroded in November 2022, Bankman-Fried was a major donor to the Democratic Party and many left-wing political causes.
Born and raised to an upper-middle-class Jewish family in California, he is the son of Barbara Fried and Joseph Bankman, both professors at Stanford Law School. His aunt Linda P. Fried is the current dean of Columbia University Mailman School of Public Health. (Higher education in the West is a make-work project for Jews.)
Bankman-Fried secretly transferred $10 billion of customer funds from FTX to the trading company Alameda Research, which is run by his girlfriend Caroline Ellison, Reuters reports. A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.
In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a 'backdoor' in FTX's book-keeping system, which was built using bespoke software. They said the 'backdoor' allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors.
Tens of Billions of US Dollars Were Transferred to Ukraine and then Using FTX Crypto Currency the Funds Were Laundered Back to Democrats in US
Abandon ship !
Sam Bankman-Fried Argentina News: Following the potential exploit on crypto exchange FTX, outgoing CEO is reportedly flying to Argentina.
The exchange’s crash has hit everyone from Jack Dorsey to a Canadian teachers’ pension fund.