The Dem’s FTX Scandal Is Only Just Beginning
Issues & Insights,
by
The Editorial Board
Original Article
Posted By: RockyTCB,
11/18/2022 6:18:34 AM
Not only was crypto-billionaire Sam Bankman-Fried’s company, FTX, allegedly a fraud, but it spent huge sums on recent elections to get Democrats into office. Was this a case of massive election fraud? If so, it isn’t just Bankman-Fried who should be punished.
In case you’re not caught up on all this, FTX, a futures exchange for crypto-currencies including its own, exploded into the public’s attention just after the election. That’s when it was revealed that FTX had questionably transferred or “loaned” some $10 billion to its sister company, Alameda Research, to “fund risky bets,” a highly questionable move seemingly to shore up Alameda’s finances.
And yes, FTX was a big deal.
Reply 1 - Posted by:
tootall 11/18/2022 6:29:39 AM (No. 1336442)
There's been some talk that some of our aid $$$ to the Ukraine was run through FTX and went where?
24 people like this.
Reply 2 - Posted by:
PChristopher 11/18/2022 6:39:48 AM (No. 1336452)
He and a few others should be keel-hauled, boiled in oil, drawn and quartered and their remains fed to hogs, but there will likely be nothing done.
19 people like this.
Reply 3 - Posted by:
mifla 11/18/2022 6:42:55 AM (No. 1336454)
The Dems know they can pretty much get away with anything and will simply ignore any House investigations as conservative nonsense.
27 people like this.
Reply 4 - Posted by:
petrichor 11/18/2022 6:45:25 AM (No. 1336457)
This really doesn't affect Crypto's intrinsic value ... which is nothing.
24 people like this.
Reply 5 - Posted by:
Rich323 11/18/2022 6:49:43 AM (No. 1336461)
Crypto currency is always going to be a scam as there is nothing backing anything. Digital assets generated from digital bank accounts backed by what ? No gold or silver or even printed currency ( useless that is is). Once they eliminate cash, they have you by the kahunas and you have no proof you own anything.
16 people like this.
Not just dems were involved either.
My lousy senator, Bill Cassidy, Mitt Romney, Susan Collins, Lisa Murkowski, Ben Sasse, and Richard Burr, all got their taste of the cash from FTX too. They were the ones who voted to impeach Trump.
Not sure if it was before the vote (as a bribe), or after (as a reward).
Either way we have a broken system that allows companies or PACs to get huge donations to congress!
18 people like this.
Reply 7 - Posted by:
Rumblehog 11/18/2022 7:35:00 AM (No. 1336491)
It all started when Richard Nixon took the U.S. off the gold standard. No one has faith in the money supply, what with Demonrats spending TRILLION$ with the mere stroke of a pen with ZERO accountability after the fact.
21 people like this.
Reply 8 - Posted by:
nerdowell 11/18/2022 8:16:19 AM (No. 1336543)
I recall NJ ex-governor Jon Corzine, who led some financial concern called MF Global and made several billion $ disappear. I think this was around 2012. There was an inquest and he testified that he had no idea what happened. Sometime later it was reported that the company had miraculously retrieved every penny.
My hunch is that it was a laundering operation for the democrat's 2012 campaign: an off the books loan agreement that was quietly repaid with funny money. Thanks, I guess, to Corzine's stature and clout the Dems uncharacteristically kept to their agreement and the investors kept their money.
Chances are the same thing is happening here.
9 people like this.
Reply 9 - Posted by:
wilarrbie 11/18/2022 8:17:39 AM (No. 1336546)
#6, that looks like all Dems to me.
6 people like this.
Reply 10 - Posted by:
Socio 11/18/2022 8:20:55 AM (No. 1336549)
The article completely omits the biggest part of the story, the Ukraine government is partners with FTX and others like Kuna and Everstake which are used to launder money which are a part of a myriad of ways its laundered by Ukraine.
There is a reason the Democrats keep sending Ukraine billions and they are not doing it for free, that 40 million they got though FTX is chump change compared to what they have likely gotten over the years.
$16.7 billion was spent on the midterms alone, the richest people in the world did not get rich giving that much money away, I suspect most of it is laundered taxpayer money in one form or another.
20 people like this.
Reply 11 - Posted by:
red1066 11/18/2022 9:03:13 AM (No. 1336578)
This guy Bankman-Fried dresses like Fetterman has a Harpo Marx hair style and sent probably $40 million to demosluts. He claims he's a Vegan but looks like a he drinks a case a beer a day. When asked how he made his money, he gives a double talk speech that makes no sense. He and fifteen of his friends live in a condo in the Bahama's and his girlfriend doesn't know math, but her father is friends with the treasury secretary and reacts to losing money like it's no big thing. To get an idea of how far reaching this FTX crap goes, even the umpires in major league baseball had FTX patches plastered to their uniforms while calling balls and strikes.
10 people like this.
Reply 12 - Posted by:
anniebc 11/18/2022 9:06:38 AM (No. 1336582)
If somebody really digs into this, they might land on the trail that exposes how elites steal tax money from the American people to gain power, line their pockets, and pay for their causes. They ARE stealing from US. Trust.
12 people like this.
Reply 13 - Posted by:
TCloud 11/18/2022 9:47:55 AM (No. 1336650)
RT has great article on the huge kickback scandal from Ukraine military weapons aid to DEM pockets political war machines!
5 people like this.
Dems were too busy trying to investigate Rudy Giuliani and President Trump’s attorney on some fake charges while FTX was stealing billions of dollars from investors. And where was the useless SEC to watch for fraud?
6 people like this.
Reply 15 - Posted by:
stablemoney 11/18/2022 10:23:53 AM (No. 1336699)
I think the biggest user of cryptocurrency will be found to be U.S. government agencies, Democrat fund raisers, and drug cartels.
5 people like this.
Reply 16 - Posted by:
felixcat 11/18/2022 11:01:41 AM (No. 1336753)
With respect to the Dems funding Ukraine, please note there are (too) many Republicans in Congress eagerly approving these huge aid bills for Ukraine. Especially troubling is how so many are combat veterans (Waltz and Crenshaw for eg) from our last two wars who ran for office saying their military experience meant they were more suspect of foreign interventions, etc. Apparently not.
Hahaha - Tom Brady, ex-wife Giselle and Shaquille (how many products can I hawk?) O'Neal also invested....
1 person likes this.
Reply 17 - Posted by:
Dodge Boy 11/18/2022 11:15:29 AM (No. 1336773)
The House dims have a little more than two months to offer SBF a get-out-of-jail-free card and to cover their tracks. Just wondering if Nanie and Paul Pelosi have some FTX baggage of their own.
2 people like this.
Reply 18 - Posted by:
MindMadeUp 11/18/2022 12:12:09 PM (No. 1336830)
If someone robbed a bank of a million dollars and then quickly gave a lot of it to a friend (or a political party), wouldn't the friend have to give back all the money once the guy was caught? And, wouldn't the friend be investigated as maybe being in on the robbery?
3 people like this.
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