The following report is by The Daily Fetched:
Sam Bankman-Fried (SBF), the disgraced founder of collapsed FTX Crypto exchange and the second biggest Democrat donor in the 2022 midterms, had several charges against him dropped by the feds.
Crypto giant FTX went bankrupt last year, losing billions and wrecking the lives of thousands of crypto investors.
In January, Sam Bankman-Fried pleaded not guilty to all eight counts related to the sudden collapse of his crypto Ponzi scheme.
On Tuesday, SBF pleaded not guilty in New York to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research.
SBF was indicted on eight counts, including the following charges:
- Conspiracy to commit wire fraud and securities fraud
- Individual charges of securities fraud and wire fraud
- Money laundering
- Conspiracy to avoid campaign finance regulations
The FTX attorney testified that the FTX co-founder used a secret backdoor to launder money to Alameda Research, a sister company.
SBF’s ex-girlfriend, Caroline Ellis, admitted she and Sam Bankman-Fried conspired to mislead FTX investors and customers.
However, federal prosecutors announced on Thursday they would drop several charges against SBF.
ABC reported:
The offer to sever five of the 13 charges followed a ruling earlier this week in the Bahamas that allows Bankman-Fried to challenge the additional charges.
A prosecutor said during a hearing Thursday it was uncertain when the Bahamas would decide whether to consent to the new charges, which included bank fraud and an allegation Bankman-Fried bribed the Chinese.
“Severing those counts seems to be appropriate given the developments in the Bahamas this week,” the prosecutor, Nathan Rehn, said.
As Tekedia noted:
The prosecutors did not provide any explanation for the sudden withdrawal of the charges, which were filed in September 2022.
The charges had accused Bankman-Fried and his associates of operating an unregistered securities exchange, facilitating illegal transactions, and failing to comply with KYC and AML requirements.
Conservative commentator Ian Miles Cheong had this prediction for SBF: “SBF is going to walk. Just watch.”
AUTHOR COMMENTARY
You can read some of the other FTX I have done below:
- FTX, One Of The World’s Largest Crypto Trading Platforms, Files Bankruptcy And CEO Resigns. Assets Frozen
- FTX Fallout Continues: Celebrities Go Broke. Financial “Prophets” Exposed. Owner Admits He Was Running A Ponzi Scheme
- European Central Bank Calls For Global Cryptocurrency Regulation After FTX Fallout
A man’s gift maketh room for him, and bringeth him before great men.
Many will intreat the favour of the prince: and every man is a friend to him that giveth gifts.
Proverbs 18:16, 19:6
As noted in this report, SBF was a very affluent donor to the Donkey, and so clearly plenty of favors were pulled to lighten this little rat’s load; and I would not be shocked if he does walk clean, or have lightweight sentences at best.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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lol it is a clown world of hypocrites brother.
hypocrites that’s what they all are.
the politicians, police , elites, millionaires, mafia, judges, doctors religous leaders commit the same felonies and yet they’re not in jail themselves.
no longer a donut for the jab, they’ve up the ante now to handing out drugs. how disgusting!
https://twitter.com/nytimes/status/1402192437657882630
off topic korean spa supporters fighting back.
https://twitter.com/TPostMillennial/status/1670212556718481408
At first glance I thought it was Jimi Hendrix (the title text obscured his face a little). His eyes do look “fried” in that photo.