CRYPTO-DWEEB FINALLY ARRESTED
Written by Peter Boykin on December 13, 2022
Shared By Peter Boykin – American Political Commentator / Citizen Journalist
CRYPTO-DWEEB FINALLY ARRESTED
Sam Bankman-Fried, Democrat mega-donor and 30-year-old founder of bankrupt cryptocurrency company FTX, was arrested by police in the Bahamas and will likely face extradition to the U.S. after he lost billions of dollars in customer funds.
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Back up: Bankman-Fried created FTX back in 2019 and the company eventually became the second-largest crypto exchange in the world. At the company’s peak, it had over 1 million users and the CEO was worth roughly $25 billion.
In November 2022, FTX ran out of cash and went bankrupt, due in large part to Bankman-Fried using customer assets to fund risky bets and loans.
When reports emerged of misuse of funds, customers ran to pull their funds [$6 billion in total] which sent the company into bankruptcy.
Details about the arrest:
A person familiar with the matter told WSJ that a sealed indictment from the U.S. attorney’s office for the Southern District of New York reveals charges that include:
wire fraud
wire fraud conspiracy
securities fraud
securities fraud conspiracy
money laundering
Sam Bankman-Fried and the Democrats:
Bankman-Fried was set up to become George Soros 2.0 before his downfall.
The young billionaire gave a ridiculous amount of money to Democrats and far-left causes.
In the 2022 midterm cycle, he donated at least $38 million to left-wing causes, making him the second-largest donor, only behind George Soros.
Spoke too soon:
Earlier in the day, Bankman-Fried was participating in a Twitter Spaces talk and said:
“I don’t think I will be arrested.”
[Source: WSJ, Axios]
https://www.wsj.com/articles/ftx-founder-samuel-bankman-fried-arrested-in-bahamas-11670890250
https://www.axios.com/2022/12/12/sam-bankman-fried-arrested-bahamas-extradition
https://rumble.com/v2110b0-crypto-dweeb-finally-arrested.html
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Shared By Peter Boykin – American Political Commentator / Citizen Journalist
Shared by
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Each Month GoRightNews Spends Hundreds of Dollars and Hours To Run This Site and Podcast, with no sponsors or ads this comes out of our pockets, if you like what you see consider donating to the podcast. Thanks!
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