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Message
re: Dr. Steve Turley with a really good video that explains the FTX corruption.
Posted on 11/17/22 at 3:34 pm to bigblake
Posted on 11/17/22 at 3:34 pm to bigblake
quote:
As I stated in another thread. There’s zero evidence that US government funds sent to Ukraine went to FTX. Ukraine’s involvement with FTX was for crypto donations from private individuals worldwide. Ukraine has numerous channels for donations, and this one is/was for crypto.
Oh good. Ukraine didn't funnel US money back to democrats. They only accepted billions and then officially partnered with FTX to put on the Woe is Me show to bilk millions out of gullible saps and then sent THAT money back to democrats.
Either way, democrats sent billions to Ukraine, and Ukraine helped funnel money back to democrats.
1
Posted on 11/17/22 at 3:38 pm to SlowFlowPro
You look into this more and more this looks like serious mismanagement more than anything else. You basically have a millennial(s)zapped out of their minds on speed playing with house money like they were and are trust fund brats.
My guess is that they thought the crypto world was a gravy train and that they could just say that their coins were worth whatever they said without anything fundamental backing it up. I'm wondering about SBFs parents Gary Ginsler. They are up to their noses in all of this. 40 million is nice, but I doubt 40 million would have been enough to keep people looking the other way.
This whole thing.....it's not even Madoff like. Madoff knew what he was doing.I don't think this guy knew what he was doing overall. He had to know that as soon as he petitioned CZ at Binance for a merger that Zhao was going to do his due diligence....not to mention Zhao becoming an opportunist and sticking it to him in the process.
The whole thing is crazy. It makes no sense. I doubt that Ukraine had anything to do with this. These kids were too reckless.
My guess is that they thought the crypto world was a gravy train and that they could just say that their coins were worth whatever they said without anything fundamental backing it up. I'm wondering about SBFs parents Gary Ginsler. They are up to their noses in all of this. 40 million is nice, but I doubt 40 million would have been enough to keep people looking the other way.
This whole thing.....it's not even Madoff like. Madoff knew what he was doing.I don't think this guy knew what he was doing overall. He had to know that as soon as he petitioned CZ at Binance for a merger that Zhao was going to do his due diligence....not to mention Zhao becoming an opportunist and sticking it to him in the process.
The whole thing is crazy. It makes no sense. I doubt that Ukraine had anything to do with this. These kids were too reckless.
Posted on 11/17/22 at 3:49 pm to TenWheelsForJesus
The problem with your theory is that there is no money other than the IOUs at Alameda. He lent the coin which was worthless to Alameda. Alameda was leveraging this " money" but there's no real money. Some investors got their money out, and Binance got some money out.
He was selling worthless shite promising high returns. I used to work for a securities law firm, I don't understand what these people were doing....and many lawyers I have spoken to don't either. Madoff and Lay at Enron knew what they were doing. SbF is being informed of what is going on and seems surprised that his whole world is coming down as he texts. People are stupid and......greedy.
He was selling worthless shite promising high returns. I used to work for a securities law firm, I don't understand what these people were doing....and many lawyers I have spoken to don't either. Madoff and Lay at Enron knew what they were doing. SbF is being informed of what is going on and seems surprised that his whole world is coming down as he texts. People are stupid and......greedy.
Posted on 11/17/22 at 4:17 pm to KiwiHead
quote:
He lent the coin which was worthless to Alameda.
Backwards. Ftx lent money to alameda which secured the loan with ftx shite-coins. Illegal. The guy was at best a clown and at worst, which seems more likely as more info comes out, a knowing criminal.
Posted on 11/17/22 at 4:18 pm to KiwiHead
quote:
You look into this more and more this looks like serious mismanagement more than anything else.
I took this charitable view at first. No more.
Posted on 11/17/22 at 4:33 pm to Diamondawg
quote:
Y'all keep screaming there is no evidence of US funds being funneled back to politicians but this is real early in the process. Do you have unequivocal proof that it didn't happen? No - absolutely not. Strange hill to die on so early in a fraudulent investigation (assuming the Democrats allow an investigation to take place).
Do you have unequivocal proof that you didn’t get the tens of billions? Could you be pointing fingers at Ukraine to throw people off? It’s early in the investigation, and who knows?
See how this works? Anybody can say anything and dare people to disprove it.
Posted on 11/17/22 at 4:44 pm to GumboPot
quote:
The probability of this happening? 0.0
I think some of the individual politicians have made statements about not keeping the money. These were sub 10k amounts.
However, they were getting grilled on Twitter for giving the money to local organizations instead of helping the victims whose "stolen" funds funded the initial donation.
Posted on 11/17/22 at 4:46 pm to doubleb
quote:Seems plausible except for the fact I had never heard of either FTX or SBF until both were broke.
Do you have unequivocal proof that you didn’t get the tens of billions? Could you be pointing fingers at Ukraine to throw people off? It’s early in the investigation, and who knows?
See how this works? Anybody can say anything and dare people to disprove it.
Posted on 11/17/22 at 4:52 pm to Diamondawg
quote:
Way more than that if you go look for it.
Then show it.
Posted on 11/17/22 at 4:54 pm to Diamondawg
quote:
Seems plausible except for the fact I had never heard of either FTX or SBF until both were broke.
You say that now, but you seem to know a lot about it. Lol ;-)
Posted on 11/17/22 at 4:56 pm to doubleb
quote:It's been some fascinating reading since I first learned of this. Still don't really understand it but fascinating, none the less.
You say that now, but you seem to know a lot about it. Lol ;-)
Posted on 11/17/22 at 5:04 pm to Diamondawg
quote:
It's been some fascinating reading since I first learned of this. Still don't really understand it but fascinating, none the less.
I found where The Red Cross accepts Bitcoin. What’s that worth? Can you turn it into cash? Was it once cash? Who knows?
Posted on 11/17/22 at 5:05 pm to cwill
No way this clown could have created such a Byzantine corporate structure on his own...but then again. You should check out the First Day Affidavit, John Ray has seen everything.....and he cannot make sense of this.
It's fraud but on such an epic scale that it was mismanaged fraud. Someone had to have picked up on this before now. They did not maintain centralized control of its cash...not even an accurate list of its bank accounts.
I mean, they don't know, Ray cannot even tell what is what. SbF did not vett the creditworthiness of some of his banking partners. They don't even know how much cash FTX had on hand....today!! shite, they are not even sure who worked for the company much less who was an employee and who was a contractor.
I was reading the FDA....my head was spinning....and I 've had a hemorrhagic stroke.
This was like a bunch of drunk kids doing whatever and sometimes writing it down and grasping at and opening up bank accounts....for kicks.
It's fraud but on such an epic scale that it was mismanaged fraud. Someone had to have picked up on this before now. They did not maintain centralized control of its cash...not even an accurate list of its bank accounts.
I mean, they don't know, Ray cannot even tell what is what. SbF did not vett the creditworthiness of some of his banking partners. They don't even know how much cash FTX had on hand....today!! shite, they are not even sure who worked for the company much less who was an employee and who was a contractor.
I was reading the FDA....my head was spinning....and I 've had a hemorrhagic stroke.
This was like a bunch of drunk kids doing whatever and sometimes writing it down and grasping at and opening up bank accounts....for kicks.
Posted on 11/18/22 at 7:37 am to SlowFlowPro
quote:
It's not corruption. These amounts have documentation and accounting, too.
quote:
Bankruptcy specialist John Ray who took over as CEO when FTX filed for bankruptcy said the situation is ‘unprecedented’.
quote:
“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,” Ray said
quote:
Ray said a “substantial portion” of assets held by FTX may be “missing or stolen”
quote:
Ray said he had “substantial concerns” about the company’s financial statements.
“I do not have confidence in it and the information,” he wrote. He said company payments were authorized “through an online ‘chat’ platform where a disparate group of supervisors approved disbursements by responding with personalized emojis”.
quote:
“findings to date indicate that serious fraud and mismanagement may have been committed” at the company.
quote:
The company expects to have more than 1 million creditors.
The guy on the inside says to not trust any of the publicly available information. They don't even have a published list of its creditors, so they don't know exactly where all the funds came from. They didnt account for shite. Your claim is completely unfounded.
Posted on 11/18/22 at 7:48 am to doubleb
quote:Send me over a coin (~$16,000 as of yesterday), and I'll take care of it for you (once I have figured it out).
I found where The Red Cross accepts Bitcoin. What’s that worth? Can you turn it into cash? Was it once cash? Who knows?
Posted on 11/18/22 at 7:50 am to Diamondawg
quote:
Send me over a coin (~$16,000 as of yesterday), and I'll take care of it for you (once I have figured it out).
I found one left in a vending machine. I’ll send it over.
Posted on 11/18/22 at 8:15 am to cwill
quote:
Ftx had nothing to do with us gov aid.
Sure. The Ukrainians have said the Ukrainian government did not invest in FTX and I believe them. And that is really the only conceivable way money could be “laundered.”
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