How in the world, better yet, why in the world would a company, any company, give a one billion dollar ‘loan’ to their CEO? Who in the hell can pay back a billion dollars?!!!…
Finance
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FTX Employees Used Company Funds to Buy Homes in the Bahamas…
There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO…
“This Is Unprecedented”: Enron Liquidator Overseeing FTX Bankruptcy Speechless: “I Have Never Seen Anything Like This”…
Because how else would one describe it when FTX’s new CEO and liquidator, John Ray III, who also oversaw the unwinding and liquidation of Enron, admits that “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”…
FTX CLAIMS SBF GAINED ‘UNAUTHORIZED ACCESS’ MOVING ALL DIGITAL ASSETS TO BAHAMIAN REGULATORS…
This story keeps making bizarre twists and turns. Today we learn, FTX CEO Sam Bankman-Fried gained unauthorized access aka a ‘back door’ to FTX assets transferring ALL of them to Bahamian regulators…
The Definitive Thread on FTX…
This report gives you, the reader, a solid baseline of the FTX house of cards. The details won’t be found anywhere else…
The FTX, Theranos Fraud Template…
Our empire of lies seems to have perfected the template for fraud on an industrial scale…
Jesse Waters: FTX Crypto Scandal Much Worse Than Madoff (VIDEO)…
Fox News host Jesse Watters weighs in on the Democratic Party’s relationship with the now bankrupt cryptocurrency company FTX on ‘Jesse Watters Primetime.’…
Listen to These Guys They Absolutely Get the Big Banks Play at Hand to Regulate the Crypto Market…
The Gentlemen of Crypto get it. I mean they really get it. They start getting into it 10 or so minutes into their show, but damn they make it real and make total sense of what FTX was really all about…
Relationship Among FTX, Ukraine and Democrats Sparks Speculation…
Is there a questionable relationship between Sam Bankman-Fried’s bankrupt FTX, Ukraine, and the Democrats? In the aftermath of the collapse of the cryptocurrency exchange, new questions are being raised surrounding these connections, from crypto partnerships to the billionaire’s contributions to Democrats…
The WEF’s Stakeholder Capitalism Is Just Global Fascism by Another Name…
The concept of “fascism” was originally entered into the Encyclopedia Italiana by Italian philosopher Giovanni Gentile, who stated that “Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.”…
Here Come “Programmable Dollars”: New York Fed and 12 Banking Giants Launch Digital Dollar Test…
Never let a crisis go to waste. Or a market crash for that matter…
Bankman-Fried Trying To Raise Fresh Capital As Bankruptcy Lawyers Reveal More Than One Million Creditors…
We have been waiting for the FTX bankruptcy docket to add anything more than merely procedural filings (or any filings for that matter), and certainly the so-called First Day filings which should lay out what really happened at the now bankrupt exchange-cum-hedge fund, but the only thing we have gotten so far is this: just two entries in the docket for a case which the entire world is closely following…
THREAD: Excellent Backgrounder on FTX, Alameda and Sam Bankman-Fried…
Tons of detail and background on this FTX faux crypto exchange many are calling a ponzi scheme designed to collapse so as to bring in regulations for cryptocurrency aka the Federal Reserve…
FTX Founder’s Bahamas Penthouse Goes on the Market for $40M…
Welp, that didn’t take long. I guess it’s a quick clean-up job because the cover-up is already beginning…
Watchdog Exposes ‘Historic’ COVID Unemployment Funds Lost as Congress Investigates…
Hundreds of billions in COVID-19 unemployment funding sent to fraudsters using stolen identities of Americans…
FTX Facing Criminal Probe by Bahamas Authorities, but Musk Counters There Will Be “No Investigation” of “Major Democrat Donor” SBF…
Amid growing speculation of his whereabouts, Bloomberg reports that Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday, although Bloomberg was quick to add that in the Bahamas, law-enforcement inquiries don’t necessarily mean someone will be arrested or charged with a crime…
FTX CEO Says “I’m Sorry… I F**ked Up” As Alameda Research Winds Down Trading…
Thinking “I’m sorry…I F’d up” isn’t going to cut it with the billions lost by investors…
CPI Report – Inflation on Food, Fuel, Home Heating and Essentials Continues Growing – Overall Inflation Moderation Now Claimed as Calendar Cycles…
The Bureau of Labor and Statistics (BLS) provides the latest data on consumer prices (inflation)…
THIS IS HUGE!: FTX, Second Largest Crypto Exchange, Halts Withdrawals As Bankruptcy Nears and Justice Department Circles…
FTX, the second largest crypto exchange, is teetering near bankruptcy this morning; has shuttered withdrawals of money and crypto by its customers; and is dealing with investigations by the Securities and Exchange Commission, the Commodity Futures Trading Commission and the U.S. Department of Justice…
The Crypto Billionaire Featured on the Cover of Fortune in August Has Flamed Out in One Week…Just Learned This Fella Was Dem’s Second Largest Donor…
The August/September cover of Fortune Magazine raised the titillating question as to whether crypto billionaire Sam Bankman-Fried might be the next Warren Buffett – a man whose investment acumen has survived more than seven decades. Less than three months later, the public has its answer. Bankman-Fried’s crypto empire has turned to ruins in one week…
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