silent bob
Super Anarchist
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FTX
- Thread starter blunderfull
- Start date
Sol Rosenberg
Girthy Member
Lolz. Crypto bro thought he was getting fucked in Fox Hill….
Top FTX, Alameda execs plead guilty in connection to Bankman-Fried case
Former Alameda Research CEO Caroline Ellison and FTX CTO Gary Wang have pled guilty and are cooperating with prosecutors, according to U.S. Attorney Damian Williams.
www.politico.com
Teaching at Stanford must pay really well.
Disgraced former cryptocurrency mogul Sam Bankman-Fried was granted release from law enforcement custody on Thursday after agreeing in his first U.S. court appearance to post a $250 million bond and remain confined to his parents’ home in Palo Alto, Calif.
The former chief executive of collapsed crypto exchange FTX is due back in Manhattan federal court on Jan. 3 for his arraignment, where he will enter a plea to the eight criminal counts he is facing. Bankman-Fried declined to comment after the proceedings, as did his lawyers and parents, Joe Bankman and Susan Fried, both of whom are prominent professors at Stanford Law School.
The 30-year-old, clad in a charcoal suit and sporting stubble along with his trademark unkempt hair, came into the courtroom in leg shackles, as his parents looked on from the third row. He only spoke a few words during the hearing. When asked by the judge if he understood that if he broke any of the terms of his release, his parents will forfeit $250 million and he would be charged with bail jumping, he said, “Yes, I do.”
Disgraced former cryptocurrency mogul Sam Bankman-Fried was granted release from law enforcement custody on Thursday after agreeing in his first U.S. court appearance to post a $250 million bond and remain confined to his parents’ home in Palo Alto, Calif.
The former chief executive of collapsed crypto exchange FTX is due back in Manhattan federal court on Jan. 3 for his arraignment, where he will enter a plea to the eight criminal counts he is facing. Bankman-Fried declined to comment after the proceedings, as did his lawyers and parents, Joe Bankman and Susan Fried, both of whom are prominent professors at Stanford Law School.
The 30-year-old, clad in a charcoal suit and sporting stubble along with his trademark unkempt hair, came into the courtroom in leg shackles, as his parents looked on from the third row. He only spoke a few words during the hearing. When asked by the judge if he understood that if he broke any of the terms of his release, his parents will forfeit $250 million and he would be charged with bail jumping, he said, “Yes, I do.”
Sol Rosenberg
Girthy Member
$250-million bail. Mummy and Duddy put up the house, where Crypto Bro can now stay until trial.
silent bob
Super Anarchist
I’d like to see the judge, the bankruptcy court, and the Feds look into where this bail money comes from!
Pertinacious Tom
Importunate Member
Maybe some election law enforcers could look into all his donations. 2nd largest donor to TeamD, I understand. Perhaps that tainted money should be returned?
silent bob
Super Anarchist
A lot of the money is going to be clawed back by the bankruptcy court. A lot have “Donated” the contributions to “Charitable Causes”, the bankruptcy court doesn’t care, they want the money back!
And his co-founder one of the largest to the R party. Yes, it should all be returned to those it was stolen from. I wonder why Tom didn't mention this guy?
Who is Ryan Salame, the FTX exec, Republican mega-donor, and New England restaurateur who blew the whistle on FTX?
The FTX exec who tipped off regulators also invested millions in New England restaurants and is dating a failed GOP candidate.
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Yep, and maybe the bond as well as the platinum-clad fees he's going to pay the attorneys. Public defender or maybe Mom can sell a house.
Clove Hitch
Halyard licker
You think?!
billy backstay
Backstay, never bought a suit, never went to Vegas
Where the hell did Sam Bank-muppet Fraud come up with money for a $240 million bond??
news.yahoo.com
FTX founder Sam Bankman-Fried released on $250M bond
Sam Bankman-Fried was released on $250M bond, just hours after he was flown to the U.S. to face charges of scamming cryptocurrency investors as his company, FTX, collapsed.
One would hope the Feds are working to figure that out.Where the hell did Sam Bank-muppet Fraud come up with money for a $240 million bond??
FTX founder Sam Bankman-Fried released on $250M bond
Sam Bankman-Fried was released on $250M bond, just hours after he was flown to the U.S. to face charges of scamming cryptocurrency investors as his company, FTX, collapsed.
giegs
Super Anarchist
- 1,169
- 671
Stanford pays VERY well these days.Where the hell did Sam Bank-muppet Fraud come up with money for a $240 million bond??
FTX founder Sam Bankman-Fried released on $250M bond
Sam Bankman-Fried was released on $250M bond, just hours after he was flown to the U.S. to face charges of scamming cryptocurrency investors as his company, FTX, collapsed.
giegs
Super Anarchist
- 1,169
- 671
Watch for more news about this guy
finance.yahoo.com
FTX President Brett Harrison steps down
Brett Harrison, president of FTX US, is stepping down from his role but will stay on in an advisory capacity at the cryptocurrency exchange, he wrote in a series of tweets on Tuesday. Harrison's decision comes a month after one of his now-deleted tweets caught the ire of the Federal Deposit...
Olsonist
Disgusting Liberal Elitist
The Democrats are returning that money. BTW, your boy SBF said that he donated about the same amount to both parties. Is your party returning its money?
Pertinacious Tom
Importunate Member
Because I didn't know about him. Now I do, so thanks!And his co-founder one of the largest to the R party. Yes, it should all be returned to those it was stolen from. I wonder why Tom didn't mention this guy?
Who is Ryan Salame, the FTX exec, Republican mega-donor, and New England restaurateur who blew the whistle on FTX?
The FTX exec who tipped off regulators also invested millions in New England restaurants and is dating a failed GOP candidate.
Pertinacious Tom
Importunate Member
I don't know if any money was donated to the Libertarian Party. Have you got a source on that?
Olsonist
Disgusting Liberal Elitist
Olsonist
Disgusting Liberal Elitist
It's secured by his parents $4M house near the Stanford campus. He wears a GPS ankle bracelet and is mostly confined to house arrest. But it beats Fox Hill. I think Door Dash will be his friend.
Sam Bankman-Fried sent to parents' Bay Area home after $250M bond
It's not the Bahamas, but SBF could certainly do worse.
