#Bahamas #FTX #yahoofinance
Yahoo Finance’s Alexis Keenan explains potential legal and criminal liabilities FTX is facing after the crypto exchange filed for bankruptcy.
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Is FTX just a big pipe line for funneling/laundering money out of China into dollars from criminal gangs in China?
Old Money Wisdom is TOAST.
Have you heard of One World Government in Bible !!!
Centralized crypto exchanges need to be banned by the SEC. Dexes do the job better. SBF committed blatant fraud on his customers using one company to control the price of bitcoin and another company to liquidate investors. SBF even joked about crypto being a get rich scam.
It seems he has committed crimes. Prosecute him!
This man is going to pay an enormous amount for his crimes to these police
I don’t think any trading problem ask for customer consent when they allow to short the stock
Markets would not crash the way It has been for a long time if broker ask for permission from holders to short their own by someone else this guy is screwed only because he probably didn’t have powerful backing
Well, this authority wants to know…..how did FTX have 400 million shares of AMC? the float is only 516 million so………….?
He needs to be detained 😅
how did he let this happen? not sure
*Non regulated environment
Investors: How did this happen ?
@Brian Tep he is from a well educated family, I think something went wrong, trading losses in his hedge fund might have caused this, he tried to correct it by using this Money ( FTX), he didnt want to look like a loser, he should have closed the fund like Melvin capital I think he tried to recuperate using tis Money, just didnt know the business
Fiat dollars were converted into fiat crypto and then ” disappeared ” . This is the magic show we’ve been warning you about . Easy come , easy go . This can be traced right back to Uncle Jerome and Central Banks around the world that facilitated this with zero percent loans . Now a whole lot of corporations , financial institutions , and individual investors will go bankrupt through contagion , as everyone will want to have proof of where their ” money ” is . The proof will be just as sound as SBF and Bernie Madoff ‘s promises . It’s A Wonderful Life ! Remember the bank run in that old movie ? You think we would have learned something in between then and now .
CZ, the Asian Lex Luthor to Coinbase is Brian Armstrong USAs Lex Luthor
why noone is trying to save FTX?
liability >>> assets
Because it’s a Ponzi scheme 😂
Why would anyone want to bail out the retards who put their money into a offshore exchange LOL
It has a minor branding problem.
White men in suits are held to a different standard in this country. Nothing will happen to him.
Probably all “white” men you’re referring to are actually of a different breed. Rhymes with news. SBF is, his gf (that he appointed head of Alameda) is, head of SEC is.
Connect the dots.
@Leo ym almost as if Kanye and Kyrie was accurate. I wonder why no one of prominence came to their defense.
Please tell me what you know about the Bahamian authorities and how the Royal Bahamas Police Force, Financial Crimes Unit plans to handle this issue. A black Bahamian wants to know👀🇧🇸. Stop talking out your backside
Only a white man could pull this off. A minority would have been audited and monitored along time ago. I hope more people keep getting ripped off.
LOL/bahama leos”no worry sbf evertin gon be iree”
But he already paid his protection money to the politicians just let him go
Being the 2nd biggest Democrat donor really pays off huh?
Investigate him for funding pedo ring operations in Puerto Rico and Caribbean islands
Catch the 8th grade looking guy and slap him and then kick him in the arse on his way to jail
You should talk about SBF’s connections to SEC chairman Gary Gensler. Gary took millions of $$$ under the table from SBF and had regular meetings with him to plan a scheme that would allow FTX to take over the US crypto market. The CEO of Alameda Research and SBF’s girlfriend is the daughter of a colleage to Gary at MIT. Gary knew everything about the illegal activities of FTX and did nothing to protect US investors. Instead he was plotting to give legal loopholes to FTX to dodge regulations.
Ya it was illegal he used money he said he wouldn’t it was all illegal and he will get no prison as all the cash went to the Democratic Party the dnc and joe Biden himself
Bahamas will happily co operate with USA once they ensure Bahamian money is recovered as a priority.
Sam Bankman stole user’s money to use for his hedge fund
Almost everything SBF did was theft & Fraudulent. He embezzled funds for his own personal use. He should be thrown in jail for the rest of his life.
We’ll see if his political friends bail him out. Remember that there is a 2-tier justice system in America (and most of the free world). I think that th DOJ will throw the book at him though because the outrage is far too great. Bankrupt-Fraud bilked way too many people.
Clearly you didn’t do your research. He didn’t do it for his OWN use. He donated tens of millions to Democrats…
Not to mention you should’ve been suspicious the moment Bill Clinton and Tony Blair of all people visited him in the Bahamas 6 months ago as speakers. It’s exactly the same as the Theranos playbook, esp the “next steve jobs/warren buffet” marketing.
People who fell for it deserve the L
@Misaka 10032 We’re talking about Billions in losses, not tens of millions which were pledged. Gambling with billions of dollars is still theft & embezzlement.
Why with these huge unaccounted losses no one ask where is his where about is beyond me. Rumor is he and two staffs are detained by (under supervision of) the Bahamas authority.
Binance offered to buy out FTX shortly before its collapse and then backed out as well as openly said it will liquidate approx $500 mil of FTT tokens also seems very fishy as to their true intentions. I am glad I have no skin in these games.
This is fraud on a Bernie Maddox scale. The whole crypto world is a fraud. It is a ponzi scheme from start to finish and no amount of glitz and glamour will take that away. FTX is just the tip of the iceberg.
MBA is a cussword for these people. Some kind of broken culture and ecology built upon educational democracy and political demagogy. Yes, they have definitely violated a whole set of laws and regulations they would have been familiar with if they’ve gone to business school. ESG also matters should be said. Industries never regulate themselves. They have to be run over by extrajudicial measures before they get it at best. Some don’t get it even if the lose eighty percent or more of their market cap.
This guy was well trained by Bernard Madoff. He’s actually the best of Madoff’s students
lol
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138 related entities, that sucks 🤣
This was all planned. He has nothing to fear
Feedback appreciated
Wanting more insights?
Endeavor to reach out!,,,
Can’t wait for the American Greed episode.
He donated tens of millions to Democrats
They all need to spend some serious time in Prison!
Ban this Crypto Scam! It is not Currency!
Next Epinstein
Jail these bad actors. Set some example or another one gonna pop up
This was a money laundering scheme for the democrats!!! They take your taxpayer money, send it to Ukraine, Ukraine invests in FTX, FTX uses the money to donate to the democrat party wow
you can judge a book by its cover with this one
Authorities should liquidate everything of FTX and its sub-companies and return the funds to the customers. After that, all people involved, should be thrown to jail for long as an example for the rest of crypto companies.
If you believe that this guy didn’t pay off the government there, I have a bunch of FTT token to sell you
Crypto is a PONZI FRAUD SCHEME and PRISON FOR THE LIFE