WHEREAS there are many culpable, collusive parties to the financial wreckage heaped upon the financial system by the disgraced ‘Crypto Bro’ Sam Bankman-Fried, front and center are his morally bankrupt, greedy, deeply entrenched Demster parents, Barbara Fried and Joseph Bankman! Monsters.
NOW, while the onus is upon the man-child for defrauding and corrupting the system, it is imperative to internalize from whom he spawned.
BTW, trust, this so-called ‘smart-set’ believes that they are above it all; that it is their ‘divine’ duty, right, and educational status which qualifies them to rule over the unwashed masses. Well, this investigative journalist is here to attest: one can attend MIT (Stanford, too) and end up living a life steeped in morality and ethical behavior. And, yes, earn top-tier salaries through their educational privilege. Sammy, you got that!?
Sam Bankman-Fried’s mother lashed out at US prosecutors and the FTX bankruptcy estate, blasting them as “McCarthyite” over their recent legal salvos in the epic fraud case against her 31-year-old son.
Barbara Fried, who along with her son’s father was sued for “millions of dollars in fraudulently transferred and misappropriated funds” last week, also claimed that FTX’s debtors are on a “relentless pursuit of total destruction,” in an emailed statement to The New Yorker.
“It takes a lifetime to build up a reputation as honorable people,” Fried added in an email to the publication ahead of her son’s fraud trial set to kick off on Oct. 2. “It takes five minutes to destroy it, which they now have done.”
Meanwhile, Bankman-Fried’s parents — both longtime Stanford Law School professors — are gearing up for a high-profile trial where their son faces 155 years behind bars should be convicted on all charges relating to securities fraud and conspiracy fraud counts.
Should he lose, Bankman and Fried have already started talking about how they might handle his appeal, according to The New Yorker.
In the meantime, Bankman and Fried — who met at Stanford in 1988 but never married — have been flying from their home on the edge of the university’s campus in Palo Alto, Calif., every Tuesday to visit their son, who’s awaiting his trial in a Brooklyn jail, per the publication.
The Post has sought comment from Fried’s lawyer, Michael Tremonte.
Fried’s comments came after a group of FTX debtors led by led by John J. Ray III — who’s been serving as FTX’s CEO to lead the company through its complex bankruptcy — filed a lawsuit in Delaware bankruptcy court, seeking to claw back eye-watering funds Bankman-Fried’s parents received before the crypto exchange’s house of cards came crumbling down.
The hefty sum includes a $10 million cash gift Bankman and Fried received from their son, who also gave them a $16.4 million luxury property in the Bahamas, where FTX was headquartered, the court filing said.
In addition, “Bankman and Fried also pushed for tens of millions of dollars in political and charitable contributions,” including a donation from FTX’s sister hedge fund, Alameda Research, to Stanford to the tune of $4 million, the latest filing said.
FTX’s debtors claimed that the donations “were seemingly designed to boost Bankman and Fried’s professional and social status at the expense of the FTX Group.”
Stanford University has since said that it plans to return the millions of dollars it received from Bankman and Fried.
The bombshell court filing also revealed that Fried urged her son to “avoid” disclosing millions of dollars in FTX donations to her pro-Democrat political action committee.
Fried headed the Mind the Gap super PAC and advised Bankman-Fried to make the donations through his underlings “to “avoid (if not violate) federal campaign finance disclosure rules,” creditors for the doomed crypto firm claimed.
The lawsuit went on to paint Fried’s stewardship of Mind the Gap — which solicited money from Silicon Valley executives to support Democratic candidates — as one marked by “stealth” and a “cone of silence.”
continue reading (er, vomiting) here.
WITH the above treachery in the forefront, the following is the latest and sets the stage for what lies ahead.
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GATEWAY PUNDIT | By Paul Serran | Sept. 27, 2023
In the Metropolitan Detention Center (MDC) in Brooklyn, SBF is a shadow of his former self – internet is slow, no vegan meals and the Adderall supply is limited. Before he was an inmate awaiting his next week trial for a high-profile fraud case, disgraced Crypto Bro Sam Bankman-Fried was a liberal billionaire beloved by the MSM, a young prodigy went on to become the second biggest donor to the Democrat Party, after only George Soros.
He was also alleged in his indictment to be ‘the mastermind and leader of a multi-year criminal scheme that involved defrauding investors, lenders, and retail customers of billions of dollars, and spending fraud proceeds to corruptly influence United States politics’.
Now, the judge in his case allowed prosecutors to discuss Sam Bankman-Fried’s political donations at the trial, because he understood that the contributions ‘are relevant to the fraud charges’ faced by SBF.
New York Post reported:
“US District Judge Lewis Kaplan in Manhattan said evidence of the former billionaire’s donations were ‘intertwined inextricably’ with charges he defrauded FTX customers by stealing billions of dollars in deposits.
‘Evidence that the defendant spent FTX customer funds on political contributions is direct evidence of the wire fraud scheme because it is relevant to establishing the defendant’s motive and allegedly fraudulent intent’, Kaplan wrote.”
The Feds had initially charged SBF with conspiring to break campaign finance laws, but had to drop the campaign finance charge after the Bahamas protested it was not part of the agreement to extradite him.
“Prosecutors said he used $100 million in stolen FTX deposits to fund those donations, which he hoped would spur the passage of crypto-friendly legislation.
In his ruling, Kaplan also rejected Bankman-Fried’s request to bar prosecutors from telling jurors that FTX had declared bankruptcy and he had resigned as chief executive.”
Kaplan said such evidence would be relevant at trial.
Fortune reported:
“In a 16-page order, U.S. District Judge Lewis Kaplan agreed to let the prosecution present evidence to the jury that Bankman-Fried sought to bribe a Chinese official in hopes of getting access to $1 billion in funds the country had frozen. While the government has not charged Bankman-Fried with a crime in relation to the alleged incident in the upcoming trial, Kaplan found evidence about the bribe could support allegations about his motive for looting customer funds.”
Judge Kaplan had other hard rulings for SBF’s defense.
The defendant will not be able to tell the jury about his philanthropic work and charitable donations.
The prosecution will be able to introduce evidence from FTX’s television commercials.
DOJ also can introduce evidence that Fried ordered the Alameda’s CEO Caroline Ellison to amass digital tokens, like FTT and Serum that Bankman-Fried had created and endorsed.
He will also prevent Bankman-Fried from blaming regulators or FTX’s lawyers for his predicament.
“The judge, however, didn’t side with the prosecution’s request to stop Bankman-Fried’s legal team from cross-examining witnesses—likely Ellison and other top lieutenants—about their recreational drug use. The Justice Department had argued that doing was not relevant to the ‘witness’s truthfulness and would serve only to harass the witness and prejudice the jury against them’.”
SBF has pleaded not guilty to all charges, his trial set to begin next week.
Read more about SBF:
CONCLUSIVELY, put their asses in jail and throw away the keys!
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