When it involves big-time corruption, stealing and dishonest, Massachusetts has lengthy competed approach above its weight class.
And now now we have Sam Bankman-Fried and his FTX crypto-currency chapter.
How Massachusetts is it?
Well, this unfolding multi-billion-dollar scandal options, amongst different native Beautiful People and woke establishments, MIT, Harvard, the second largest Democrat fats cat (after George Soros), the faux Indian, Tom Brady, Big Papi, Newton North High School, a number of hyphenated final names and that’s only for starters.
In truth, this could possibly be the largest Massachusetts-connected fraud scheme since Charles Ponzi opened his first workplace on School Street again in the summertime of 1919.
If you’re not into cryptocurrency, you is probably not intently following the Chapt. 11 chapter of FTX, which was run by a matted 30-year-old fats slob named Sam Bankman-Fried, now higher recognized on-line as “Scam Bankrun-Fraud.”
Before the mid-term elections, SBF was supposedly value upwards of $16 billion. After funneling $5 million to Joe Biden in 2020, he virtue-signaled that in 2024 he would donate $1 billion to the Democrats’ elementary transformation of America.
Now that the mid-terms are over, and his checks to Democrat tremendous PACs for $40 million have cleared, SBF could also be in for his personal elementary transformation, a la Michael Avenatti and the late Bernie Madoff and Jeffrey Epstein, amongst different Democrat immortals
The new court-appointed CEO of FTX is a $1300-an-hour lawyer named John Ray III, who earlier supervised the dissolution of Enron. So he is aware of one thing about monetary scams. This is what Ray informed the chapter choose about this newest made-in-Massachusetts rip-off:
“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… In the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”
Ray informed the court docket that the crypto property held by FTX International Exchange as of Sept. 30 had been $659,000 – not the $5.5 billion SBF was bragging about earlier than the elections.
Here are some latest headlines from the Wall Street Journal:
“FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Assets Stolen or Missing.”
“FTX Says Top 50 Creditors Are Owed $3.1 Billion.”
“FTX Auditors Double as Crypto Cheerleaders.”
Try to not let this destroy your religion within the integrity of both greater schooling or the Democrat get together, however SBF is the son of two rabidly Democrat professors at Stanford University Law School.
His uber-woke mother, Barbara Fried, has three levels from Harvard University. Three! His daddy (the Bankman a part of his final title) went to Yale Law. He’s written laws for (and donated large bucks to) the faux Indian.
SBF recruited most of his crew of millennial marauders from MIT, the place he went to school. Others got here from Fidelity and UMass. His someday girlfriend and closest affiliate is a 28-year-old lady named Caroline Ellison. Both of her mother and father are professors at… MIT!
Before the attractive Caroline went to Stanford as an undergraduate, she graduated from that incubator of trust-fund youngsters, Newton North High School.
For these of you making an attempt to maintain rating on this newest Democrat scandal at house, Newton North is the alma mater of Jake Auchincloss, now the boy Congressman from the Newton-Brookline district, earlier than he was accepted at Harvard.
According to campaign-finance studies, Rep. Auchincloss has collected $11,600 from varied entities related to the FTX cabal.
How a lot of a Beautiful Person is Auchincloss? Well, his daddy is Dr. Hugh Auchincloss, a really shut affiliate of Dr. Anthony Fauci on the National Institute of Health. The previous man was not too long ago featured in a latest Wall Street Journal expose headlined: “As Covid Hit, Washington Officials Traded Stocks With Exquisite Timing.”
It’s nice to be a Democrat, isn’t it?
Given his background, to not point out his exemplary service to The Party, Scam Bankrun-Fraud obtained one slobbering puff piece after one other from state-run media. Even after his firm’s post-midterm collapse, the New York Times tried to again cease the Democrat-of-the-Year by sending one other hyphenated-name to fluff him up.
Sam Bankman-Fried, interviewed by one David Yaffe-Bellany. Doesn’t it sound like one thing out of the Babylon Bee?
The Times, the truth is, worships SBF so fervently that they booked him right into a $2499-a-head Beautiful People convention in Manhattan later this month together with two extra Deep State deities, Volodymyr Zelenskyy of Ukraine proxy warfare fame and Janet Yellen, from Berkeley, the place Prof. Bankman obtained his undergraduate diploma.
Beyond the massive greed heads SBF took to the cleaners – Sequoia Capital wrote its $210 million funding all the way down to zero — at the very least 1,000,000 smaller traders could now be left holding the bag.
No doubt a lot of them had been sucked in by the FTX advertisements or puff items on TV and social media involving the likes of Tom Brady, his then-wife Giselle Bundchen, NBA star Steph Curry and David Ortiz, amongst so many others. Larry David (he has a spot on Martha’s Vineyard, naturally) made a Super Bowl advert.
Bill Clinton and Tony Blair had been paid to fly to the Bahamas, the place SBF squandered hundreds of thousands on luxurious actual property and didn’t have to fret about not-very-onerous laws within the US. (The chairman of the SEC is Gary Gensler, who used to show at MIT with… Caroline Ellison’s father. It’s a small world, isn’t it, and it’s even smaller if the one individuals you hang around with are from Massachusetts.)
In April, SBF did an interview with Bloomberg, by which he tried to clarify what’s now broadly considered his grift. The reporter was shocked, and informed him, “Well, you’re just like, well, I’m in the Ponzi business and it’s pretty good.”
To which the lardy limousine liberal replied: “I think that’s a pretty reasonable response.”
The first Ponzi, in fact, had a protection for his… Ponzi scheme. As he informed a reporter on the finish of his life about his crimes in Massachusetts:
“I gave them the best show that was ever staged in their territory since the landing of the Pilgrims.”
This one goes to be present too. Sadly, you’ll be studying and listening to subsequent to nothing about it, as a result of all people blended up on this alleged Ponzi scheme is a Democrat.
And being a Democrat means by no means having to say you’re sorry, and even, “Not guilty, Your Honor.”
Source: www.bostonherald.com”