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MEMORIES OF MADOFF: By 11 November 2022, the Bloomberg Billionaires Index considered Bankman-Fried of #FTX fame to HAVE NO MATERIAL WEALTH

Posted By: NaturalWisdom
Date: Saturday, 12-Nov-2022 13:56:45
www.rumormill.news/211233

In Response To: Was The FTX Crypto Exchange A Massive Money Laundering Operation For The Democrat Party?? (SpaceCommando)

Money laundering in plain sight... a number of Telegram members whom I am not connected to have repeatedly tried to start a conversation with me about their cryto investment strategy. I bet a large percentage of these Telegram folks got snookered by FTX.

Nov 12- Bank Man is Fried ---Another Jew F**ks Up
Makow.com
November 12, 2022
https://henrymakow.com/2022/11/nov-12--bank-man-is-fried.html

[snip]

Memories of Madoff: In a week when Mark Zuckerborg lays off 13,000 at Faceplant, Jewish wonderkind Sam Bankman-Fried, losses $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.

(Here she is promoting amphetamine usage.)

He joins a long list of shysters that includes Elizabeth Holmes of Theranos who mercifully is not Jewish.

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.

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Articles In This Thread

Was The FTX Crypto Exchange A Massive Money Laundering Operation For The Democrat Party??
SpaceCommando -- Saturday, 12-Nov-2022 13:56:45
The FTX Saga In 99 Seconds . . .
SpaceCommando -- Saturday, 12-Nov-2022 13:30:24
MEMORIES OF MADOFF: By 11 November 2022, the Bloomberg Billionaires Index considered Bankman-Fried of #FTX fame to HAVE NO MATERIAL WEALTH
NaturalWisdom -- Saturday, 12-Nov-2022 13:56:45

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AN EXPLANATION OF THE FACTIONS