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Ponder the thought that Hailey Welsch, Bobbi Althoff, Jake Paul, Sam Bankman, and countless others are actually engaged in high level fleecing operations; taking money from the public via artificial popularity and special connections to the mafia, government, or religious cults. After all, all of these people are Jewish. The former is done with crypto-scams, boxing scams, and podcast scams. Furthermore, with the announcement Jussie Smollett is having charges dropped for his staged hate crime we are reminded of the countless caseS of Jews stabbing themselves, lighting their own synagogues on fire, vandalizing their own dorms and cars, etc., and claiming victimhood. The list is exhaustive and involves three recent stories from Canada, the U.S., and Amsterdam, which all include these details. What does it all mean? The issue is not about the Jewish question, but about the validity of any viral story, video, picture, meme, etc. However, the Talmud does instruct Jews in the art of swindling gentiles, killing them, charging them interest, and mocking them and their God. So what can be trusted or taken seriously? Is the world really a stage and we the unwitting audience being robbed? -FREE ARCHIVE (w. ads)SUBSCRIPTION ARCHIVEX / TWITTER FACEBOOKWEBSITEPAYPALCashApp: $rdgable EMAIL: rdgable@yahoo.com / TSTRadio@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/tst-radio--5328407/support.
**Violence and Dysfunction Plague Brooklyn Jail: The Unlikely Cellmates of Sean 'Diddy' Combs and Sam Bankman-Fried**In the midst of a notorious federal jail in Brooklyn, New York, two high-profile inmates are sharing a barrack-style living space: Sean "Diddy" Combs, the music mogul accused of sex trafficking and racketeering, and Sam Bankman-Fried, the cryptocurrency entrepreneur convicted of orchestrating a massive financial fraud.Sean Combs, 54, was arrested last week and is currently being held at the Metropolitan Detention Center (MDC) in Brooklyn. He has pleaded not guilty to all charges and is awaiting trial. Combs's legal team has expressed concerns about the conditions at MDC, citing rampant violence, poor living conditions, and a history of fatalities within the facility. Despite these concerns, Combs remains in custody, with a judge denying his request for bail and instead mandating his placement in a special housing unit for high-profile detainees.Sam Bankman-Fried, 32, is also housed at MDC. He was found guilty in November 2023 of orchestrating a massive fraud scheme that misappropriated billions of dollars from customers of his cryptocurrency exchange, FTX. Bankman-Fried was sentenced to 25 years in prison but is currently appealing the conviction. His lawyers have raised concerns about his limited internet access and poor dietary conditions during his incarceration.The MDC, which houses approximately 1,600 inmates, has faced numerous complaints over the years. Inmates have reported widespread violence, significant staff shortages, and the trafficking of illicit substances. The facility has also seen a series of tragic incidents, including the fatal stabbings of two inmates and the death of another due to injuries sustained in a fight.Despite these challenges, Bankman-Fried has requested to remain at MDC while he seeks to appeal his conviction. His placement in the special housing unit alongside Combs has raised eyebrows, given the contrasting nature of their crimes. While Combs faces allegations of physical and sexual exploitation, Bankman-Fried is serving time for a financial crime that affected thousands of investors.The Bureau of Prisons has acknowledged the challenges at MDC and is actively working to address them. The agency has announced plans to hire additional permanent staff and resolve over 700 outstanding maintenance requests. However, the ongoing issues at the facility highlight the complexities and dangers faced by inmates and staff alike.As Combs and Bankman
SUB TO THE PPM PATREON TO ACCESS "NOID-MAXXING (#2)" IN ITS CRYPTO-BABYLON MAPPING ENTIRETY: patreon.com/ParaPowerMapping In which we cont eulogizing Max A z z a r e l l o, the parapol Icarus who flew too close to the noided sun & self-immolated in front of the Trump trial—celebrating his life & constructively critiquing his blog, for which Casolaro, McGowan, Ghost Stories, TrueAnon, etc were points of reference We discuss: The capitalist class's collective buy-in on crypto; Larry David—Bankman-Fried fam friend—hawking FTX; SBF's indictment & arrest in the Bahamas; Max excelling when covering crypto (other times not so much); SBF's tax code scholar daddy; Dem Party mixers @ Bankman household; parapolitical truisms; SBF as sacrificial scapegoat for the true crypto profiteers; SBF funneling defrauded customer fiat currency into Dem & GOP campaign coffers darkly to consolidate support for the imminent Zio genocide; the litany of SBF Congressional beneficiaries (Gillibrand, Booker, Murkowski, etc), Protect Our Future superpac, & Pres B i d e n (who got a cool $5.2 mil) The anemic quality of Max's parapol oeuvre when it comes to contending w/ Zio infiltration of American politics by way of sex + financial blackmail & HUMINT; Epstein network's lineage of M o s s a d honeypot ops (conducted in concert w/ the C I A? ); Robert & Ghislaine Maxwell; Clinton Global Initiative pushing crypto (formed w/ Epstein's aid, per Dersh's testimony); Agent Mega; SBF hobnobbing w/ Mayor Adams (Diddy), Gov Hochul (Larry Silverstein & other Zio donors like Blavatnik), & Bill Clinton in the months prior to his arrest; May 25, '22: SBF makes a $250k donation to Dem Majority for Israel, which, w/ AIPAC & Reid Hoffman, injected a huge infusion of funds to candidates opposing the nascent mini-faction of lukewarmly pro-Palestine, DSA-adjacent aspiring & incumbent electeds; SBF $s cratering relatively outspoken Nina Turner's polling via contributions to her opponent Shontel Brown in OH; the massive war chest AIPAC's collected since Oct 7, including from Fully-Automated Kompromat Kingpin Leonid Radvinsky (OnlyFans) & Epstein mentor Les Wexner (who started a Wall St Zio social club called Mega Group w/ Charles Bronfman of the sus Seagram's fam); speaking of which, Sam Bronfman running guns on behalf of Haganah & the I O F & Bronfman heiress Clare's recruitment for sex cult NXIVM, merging the 2 concerns of sex blackmail & sus Zio dealings; following his arrest, the possibility SBF's comments referring to his effective altruism & "woke" politics as a cover & use of the phrase "shibboleth" were an argot (to use one of Max's fav phrases) akin to Kevin Spacey's "Let Me Be Frank" vid in which he threatens the Royal Fam & other Epstein clients; SBF's investment in Silicon Wadi crypto Co StarkWare & Solidus; Thiel, Epstein, & Ehud Barak funded geolocation emergency services startup Carbyne (PROMIS, any one?), which features an absurd litany of US & Israeli military & intel figures among its board or stakeholders: Erik Prince (ex Blackwater), Gen Petraeus, Trae Stephens (Palantir), Lital Leshem (ex Black Cube), Amir Elichai (I O F intel corps, etc)...and which Robert Kraft also invested in, solidifying interlocks b/w the pervy oldster / Diddler Freak-Off attendee and Epstein... Material, structural, & economic dynamics b/w the US & Israel—hegemon & satellite metropole... Jessica Seinfeld & Epstein client Bill A c k man funding Zio counterprotests, frat chud shock troops, & atrocity porn big screen; the Zio injected lab rat attack @ UCLA encampment... Finally, having given the noided self-immolator some cred, we take him to task for his wretched piece of unconscious hasbara entitled "The Fake Israel-Hamas War Outrage Sweeping College Campuses" & his mishandling of Epstein's Israeli connections. Songs (some culled from Max's farewell Spotify playlist): | Takeoff, Rich the Kid - "Crypto" | | REM - "It's the End of the World as We Know It (And I Feel Fine)" |
Don't become a greedy piggy. Then you will start scamming like Bernie, Bankman, and those lying drug dealers. Money will do you good but if your harming others to get it then your a problem. I discuss in today's episode. Listen and subscribe so you don't miss out.
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BestPodcastintheMetaverse.com Canary Cry News Talk #717 02.21.2024 - Recorded Live to 1s and 0s MORTAL BRAIN WOUND | End Times Implants, Psyop Christian Nationalism, Bankman Gang Deconstructing Corporate Mainstream Media News from a Biblical Worldview Declaring Jesus as Lord amidst the Fifth Generation War! The Show Operates on the Value 4 Value Model: http://CanaryCry.Support Join the Supply Drop: https://CanaryCrySupplyDrop.com Submit Articles: https://CanaryCry.Report Submit Art: https://CanaryCry.Art Join the T-Shirt Council: https://CanaryCryTShirtCouncil.com Podcasting 2.0: https://PodcastIndex.org Resource: Index of MSM Ownership (Harvard.edu) Resource: Aliens Demons Doc (feat. Dr. Heiser, Unseen Realm) Resrouce: False Christ: Will the Antichrist Claim to be the Jewish Messiah Tree of Links: https://CanaryCry.Party This Episode was Produced By: Executive Producers Sir LX Protocol V2 Knight of the Berrean Protocol*** Goombriati*** Producers of Treasure Dame Maureen, Lady of the Appalachian Hills, House of the Fountain of Living Water Rachelle Willem B Feebee Elle O Dame Gail Canary Whisperer and Lady of X's and O's Sir Tristan Knight of the Garden Sir Morv Knight of the Burning Chariots Veronica D Misses TinFoilHatMan DrWhoDunDat Sir Scott Knight of Truth Sir Casey the Shield Knight TIMESTAMPERS Jade Bouncerson, Morgan E CanaryCry.Report Submissions JAM REMINDERS Clankoniphius SHOW NOTES/TIMESTAMPS T - 5:25 from D-live PreShow Prayer: HELLO, RUN DOWN 8:51 V / 3:26 P BIBLICAL/BEAST SYSTEM/ELON 10:16 V / 4:51 P Revelation 13 Neuralink's First Brain Implant Is Working. Elon Musk's Transparency Isn't (Wired) → Elon Musk nominated for Nobel Peace Prize, ‘stout proponent of free speech' (NY Post) DAY JINGLE/V4V/EPs/TREASURE 37:32 V / 32:13 P FLIPPY 53:30 V / 48:05 P Brain implants transform lives, says man who regained his sense of touch (Guardian UK) TRUMP/CHRISTIAN NATIONALISM 1:08:12 V / 1:02:47 P Trump allies prepare to infuse ‘Christian nationalism' in second administration (Politico) SPEAKPIPE/TALENT/TIME Next time SBF/FTX 1:41:20 V / 1:35:55 P SBF pictured in prison hanging out with gangsters (NY Post) OUTRO 1:47:09 V / 1:41:44 P END
In the past month, there have been several developments in the case of Sam Bankman-Fried (SBF), the former CEO of cryptocurrency exchange FTX. After stepping down from his role at FTX in November 2022 amid liquidity issues, Bankman-Fried was extradited from the Bahamas and faced charges in the United States related to fraud. He was convicted on seven criminal counts, including wire fraud, wire fraud conspiracy, securities fraud, commodities fraud conspiracy, and money laundering conspiracy, following a trial in October 2023. He is expected to return to court for sentencing on March 28, 2024.Prosecutors have decided not to proceed with a second trial against Bankman-Fried. The decision was based on the reasoning that much of the evidence for the additional charges had already been considered in his first trial, which led to a guilty verdict after just four hours of jury deliberation. The second trial would have included charges related to conspiracy to commit bank fraud and bribe foreign officials. However, proceeding with this trial would have delayed the scheduled March 2024 sentencing and required additional negotiations with The Bahamas regarding terms of extradition. The prosecutors cited "strong public interest in a prompt resolution" as a reason for not pursuing the second trial.Interestingly, Bankman-Fried recently retained new counsel ahead of his sentencing hearing. This move follows reports of his legal team being displeased with his performance on the stand during the trial. It's unclear why he made this change, but it suggests a strategic shift in his legal approach.Additionally, there has been controversy surrounding Bankman-Fried's political contributions, particularly a substantial donation to Joe Biden's 2020 presidential campaign. The issue raises questions about the alleged misuse of funds and the influence such contributions may have on the political landscape. There's also been scrutiny over connections between Bankman-Fried and New Jersey congressmen who accepted campaign contributions from him, with implications on their role in the collapse of Silicon Valley Bank (SVB) and regulatory matters concerning financial institutions.The situation continues to evolve, with the legal and financial ramifications of Bankman-Fried's actions still unfolding.
The road goes on ever without pause in the case of Sam Bankman-Fried, the disgraced founder of the failed cryptocurrency exchange FTX. A jury found him guilty on charges of fraud and conspiracy in a Manhattan courtroom just before Christmas, but for Bankman-Fried, the journey through the legal system is far from over.He currently resides in the Metropolitan Detention Center in Brooklyn, New York, where he has been detained since August 2023 after having his bail revoked. The sparse conditions of the jail are a far cry from the luxury Bankman-Fried enjoyed during his high-flying days in crypto. There is speculation he may be transferred to a facility closer to the courthouse for his March sentencing, but for now, the MDC remains his domicile.On March 28th, he will stand in court again, this time for sentencing. The prosecution has asked for up to 115 years behind bars across the seven counts. His lawyers will surely appeal to the judge's mercy and present mitigating factors, but the fines and time requested reflect the magnitude of damages wrought by FTX's collapse. To many, Bankman-Fried is the perpetrator of one of history's greatest financial frauds. The sentencing will reveal how the justice system views his crimes.Beyond the criminal charges, a mountain of civil lawsuits loom. Bankman-Fried has pleaded not guilty, but the sheer volume of litigation from scorned investors and customers suggests impending financial ruin. The numbers bandied about measure in the billions. One way or another, he will end up paying for the fortunes lost by so many who trusted in FTX.In the public theatre, Bankman-Fried's once glowing reputation now lies in tatters. The media narratives that sung his praises have crumbled beneath weighty words like "fraud" and "con artist." Even some of crypto's die-hards have washed their hands of a man they defended right up until the verdict was read. In a strange twist of irony, it seems his only path to redemption runs through the government institutions he sought to usurp.As the sun sets slowly over the Manhattan skyline outside his courtroom window, Sam Bankman-Fried surely grapples with the ruination before him. The fall from grace is never gentle, but the ground beneath his feet continues to erode. More charges may still come from regulators. Further trials loom ahead. And the sentencing that awaits him next March may cement his place as the Bernie Madoff of digital currency. Yes, the road goes ever on for Sam Bankman-Fried. But it is likely to end somewhere cold, concrete, and far removed from the hotshot world of high finance he once ruled. Fate can be fickle to those who fly too close to the sun.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5969335/advertisement
Sam Bankman Fried Audio Biography
Sam Bankman Fried Audio BiographyThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5969335/advertisement
I had promised there would be no That Was The Week this week, and Andrew decided we needed to record a show. Topics focus on the Bankman Fried trial, Amazon being accused of anti-trust, the Google trial, and developments with OpenAI --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message
Recent news regarding Sam Bankman-Fried:Bankman-Fried found guilty of all seven criminal fraud counts. On November 2, 2023, a jury found Bankman-Fried guilty of all seven criminal fraud counts against him. The charges relate to allegations that Bankman-Fried and FTX misled investors about the risks associated with the company's products and services. Bankman-Fried is scheduled to be sentenced on March 28, 2024.Bankman-Fried ordered to return to New York courtroom. On November 7, 2023, a judge ordered Bankman-Fried to return to a New York courtroom after the government accused him of communicating with others in ways that the government cannot monitor. Bankman-Fried is currently out on bail and living with his parents.Former FTX executive pleads guilty to conspiracy and wire fraud charges. On November 8, 2023, a former FTX executive pleaded guilty to conspiracy and wire fraud charges. The executive, Caroline Ellison, is cooperating with the government's investigation into Bankman-Fried and FTX.FTX faces additional fraud charges. On November 10, 2023, a rewritten indictment was unsealed in New York federal court, charging FTX with additional fraud charges. The new indictment alleges that FTX engaged in a scheme to defraud investors by misrepresenting the risks associated with its products and services.Analysis:The recent news regarding Sam Bankman-Fried is significant because it suggests that the government is taking a serious look at the practices of FTX and the cryptocurrency industry as a whole. Bankman-Fried's conviction on seven criminal fraud counts is a major setback for him and for FTX. It is also a sign that the government is willing to prosecute cryptocurrency companies for wrongdoing.The government's investigation into FTX is likely to have a significant impact on the cryptocurrency industry. It could lead to increased regulation of the industry and could make it more difficult for cryptocurrency companies to raise money from investors. It could also lead to a loss of confidence in the cryptocurrency industry as a whole.It is important to note that Bankman-Fried has not yet been sentenced. He is presumed innocent until proven guilty. However, the charges against him are serious and he could face a lengthy prison sentence if convicted.The future of FTX is also uncertain. The company is facing a number of challenges, including the government investigation, the recent collapse of the cryptocurrency market, and the loss of key employees. It is possible that FTX could be forced to shut down or could be sold to another company.The recent news regarding Sam Bankman-Fried and FTX is a reminder that the cryptocurrency industry is still in its early stages of development and that there are risks associated with investing in cryptocurrency. Investors should carefully consider the risks before investing in any cryptocurrency company.
Recent news regarding Sam Bankman-Fried:Bankman-Fried found guilty of all seven criminal fraud counts. On November 2, 2023, a jury found Bankman-Fried guilty of all seven criminal fraud counts against him. The charges relate to allegations that Bankman-Fried and FTX misled investors about the risks associated with the company's products and services. Bankman-Fried is scheduled to be sentenced on March 28, 2024.Bankman-Fried ordered to return to New York courtroom. On November 7, 2023, a judge ordered Bankman-Fried to return to a New York courtroom after the government accused him of communicating with others in ways that the government cannot monitor. Bankman-Fried is currently out on bail and living with his parents.Former FTX executive pleads guilty to conspiracy and wire fraud charges. On November 8, 2023, a former FTX executive pleaded guilty to conspiracy and wire fraud charges. The executive, Caroline Ellison, is cooperating with the government's investigation into Bankman-Fried and FTX.FTX faces additional fraud charges. On November 10, 2023, a rewritten indictment was unsealed in New York federal court, charging FTX with additional fraud charges. The new indictment alleges that FTX engaged in a scheme to defraud investors by misrepresenting the risks associated with its products and services.Analysis:The recent news regarding Sam Bankman-Fried is significant because it suggests that the government is taking a serious look at the practices of FTX and the cryptocurrency industry as a whole. Bankman-Fried's conviction on seven criminal fraud counts is a major setback for him and for FTX. It is also a sign that the government is willing to prosecute cryptocurrency companies for wrongdoing.The government's investigation into FTX is likely to have a significant impact on the cryptocurrency industry. It could lead to increased regulation of the industry and could make it more difficult for cryptocurrency companies to raise money from investors. It could also lead to a loss of confidence in the cryptocurrency industry as a whole.It is important to note that Bankman-Fried has not yet been sentenced. He is presumed innocent until proven guilty. However, the charges against him are serious and he could face a lengthy prison sentence if convicted.The future of FTX is also uncertain. The company is facing a number of challenges, including the government investigation, the recent collapse of the cryptocurrency market, and the loss of key employees. It is possible that FTX could be forced to shut down or could be sold to another company.The recent news regarding Sam Bankman-Fried and FTX is a reminder that the cryptocurrency industry is still in its early stages of development and that there are risks associated with investing in cryptocurrency. Investors should carefully consider the risks before investing in any cryptocurrency company.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5969335/advertisement
Former crypto titan Sam Bankman-Fried had a bad day on Nov. 2, as he was found guilty on all seven charges of fraud and conspiracy. But, according to Bloomberg Law reporters Matthew Bultman and Daphne Zhang, he can probably expect more bad days to come. Bankman-Fried will face sentencing early next year, where, Bultman reports, former federal prosecutors predict he could receive at least 20 years in prison. Another issue he could face is an inability to pay his attorneys. Zhang reports that Bankman-Fried recently dropped a suit against an insurer of his former crypto trading firm, FTX, to force it to pay his legal costs. Zhang and Bultman join today's episode of our weekly podcast, On The Merits, to discuss what's on the horizon for Bankman-Fried and whether his case will make insurers think differently about underwriting risky companies. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
The month-long trial of the disgraced crypto kingpin, Sam Bankman-Fried, extended over a span of 15 days, during which he confronted an eight-count charge relating to the collapse of the now-defunct exchange FTX and its sister trading firm, Alameda Research. After multiple testimonies and discussions, the high-stakes trial has finally concluded with a momentous verdict. Sam Bankman-Fried Is Guilty, the FTX trial returned a verdict that found Bankman-Fried guilty on seven counts that included wire fraud, securities fraud, and money laundering conspiracy.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 Intro00:21 Sponsor: iTrust Capital00:52 Jobs Report03:37 Consumer Sentiment Survey04:21 SBF found guilty06:35 SOL update08:11 BTC Price Prediction10:41 Coinbase Q3 Earnings11:37 Coinbase Younger Generation Survey12:50 Coinbase Transaction + Subscriptions13:22 What if we don't get an ETF?14:44 outro#FTX #Crypto #Bitcoin~FTX Saga Finally Over! SBF Found Guilty
This is your FTX on Trial podcast and this is an update for November 4, 2023.Sam Bankman-Freed, the founder of the bankrupt cryptocurrency exchange FTX, was found guilty on all seven counts of fraud and conspiracy on Thursday, November 3, 2023, in a New York federal court. The charges included wire fraud, conspiracy to commit wire fraud, securities fraud, conspiracy to commit securities fraud, commodities fraud, conspiracy to commit commodities fraud, and money laundering.The verdict came after a two-week trial in which the prosecution presented evidence that Bankman-Freed had orchestrated a massive scheme to defraud FTX customers and investors. The prosecution alleged that Bankman-Freed had used customer funds to make risky investments and to prop up his own cryptocurrency hedge fund, Alameda Research. He also allegedly lied to investors about the financial health of FTX.Bankman-Freed's defense team argued that he had made mistakes but that he had not intended to commit fraud. They also argued that the prosecution had failed to prove that Bankman-Freed had personally profited from his actions.The jury deliberated for just a few hours before reaching a unanimous verdict. Bankman-Freed was immediately taken into custody and is scheduled to be sentenced on March 28, 2024. He faces a maximum sentence of up to 115 years in prison.The conviction of Sam Bankman-Freed is a major victory for the government in its crackdown on cryptocurrency fraud. It is also a major setback for the cryptocurrency industry, which has been plagued by scandals in recent years.Sentencing InformationBankman-Freed is scheduled to be sentenced on March 28, 2024, by US District Judge Lewis Kaplan. The maximum sentence for the charges against Bankman-Freed is 115 years in prison, but it is unlikely that he will receive such a long sentence.The judge will consider a number of factors when determining Bankman-Freed's sentence, including the severity of the crimes, his lack of criminal history, and the cooperation he has provided to the government. It is possible that Bankman-Freed could receive a sentence of several years in prison, but it is also possible that he could receive a suspended sentence or probation.The outcome of Bankman-Freed's sentencing hearing will be closely watched by the cryptocurrency industry and by the public. It will be a test of the government's commitment to holding cryptocurrency executives accountable for their actions.
Bankman is FRIED! Why did the politicians he paid turn against him, and how are the media and politicians using his conviction? (2:06)FDA banned several food additives in the last few days that have been used for decades but isallowing new experimental foods without screening. Compare the difference between what they say are the health risks of the newly banned additives and what we know about the Trump Shots (5:04)Rasmussen poll finds 24% of people polled know someone who died from jabs and nearly half would sue if allowed. The PREP Act doesn't protect against fraud (a judge has ruled) and another Pfraud from Pfizer has just been found (24:16)Infant mortality increases 3% after 20 years of decline. Governments have been pursuing a policy of depopulation since 1968. Here's who started it… (1:12:03)Hope? This year a popular trend in Shanghai for Halloween costumes was a mockery of the lockdown tyrants and their Zero-Covid authoritarianism (1:26:56)In the last few months 5 Dutch professional cyclists have had collapsed and one died, from heart issues (1:35:53)In Votes for Israel Aid, Dems Show Their Priority is Unleashing IRS Army to Attack Americans GOP is "Israel First" and Dems are "IRS First". For both parties it's "America Last". Why is the new Speaker, Mike Johnson, lying about a decrease in spending and IRS?He's proposing to make it 5 TIMES BIGGER than current but that's not enough for Biden (1:41:17)Dems refuse to do ANYTHING about US Border Invasion even when linked to their Ukraine War fetish (1:48:17)Branch banks are closing rapidly across the country, especially in California. There are several explanations but CBDC is accelerating globally — and the US is ahead of several countries. (1:51:57)INTERVIEW: Celente "They're Taking Us to War!" Gerald Celente, TrendsJournal.com As he predicted at the beginning of the year — the MidEast on FIRE! Is there any way to stop it? (2:03:17)Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT
Bankman is FRIED! Why did the politicians he paid turn against him, and how are the media and politicians using his conviction? (2:06) FDA banned several food additives in the last few days that have been used for decades but isallowing new experimental foods without screening. Compare the difference between what they say are the health risks of the newly banned additives and what we know about the Trump Shots (5:04)Rasmussen poll finds 24% of people polled know someone who died from jabs and nearly half would sue if allowed. The PREP Act doesn't protect against fraud (a judge has ruled) and another Pfraud from Pfizer has just been found (24:16)Infant mortality increases 3% after 20 years of decline. Governments have been pursuing a policy of depopulation since 1968. Here's who started it… (1:12:03)Hope? This year a popular trend in Shanghai for Halloween costumes was a mockery of the lockdown tyrants and their Zero-Covid authoritarianism (1:26:56) In the last few months 5 Dutch professional cyclists have had collapsed and one died, from heart issues (1:35:53)In Votes for Israel Aid, Dems Show Their Priority is Unleashing IRS Army to Attack Americans GOP is "Israel First" and Dems are "IRS First". For both parties it's "America Last". Why is the new Speaker, Mike Johnson, lying about a decrease in spending and IRS?He's proposing to make it 5 TIMES BIGGER than current but that's not enough for Biden (1:41:17) Dems refuse to do ANYTHING about US Border Invasion even when linked to their Ukraine War fetish (1:48:17) Branch banks are closing rapidly across the country, especially in California. There are several explanations but CBDC is accelerating globally — and the US is ahead of several countries. (1:51:57)INTERVIEW: Celente "They're Taking Us to War!" Gerald Celente, TrendsJournal.com As he predicted at the beginning of the year — the MidEast on FIRE! Is there any way to stop it? (2:03:17)Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT
On today's podcast: 1) Bankman-Fried Found Guilty of Fraud at FTX Criminal Trial Jurors in New York found Sam Bankman-Fried guilty of engaging in a massive fraud related to the collapse of his FTX crypto exchange. Bankman-Fried's arrest last December, weeks after his exchange filed for bankruptcy, marked a dramatic escalation in the efforts by regulators and prosecutors to rein in what they perceive as excesses in the industry. 2) Israel Latest: Intense Gaza Strikes as Blinken Lands In Tel Aviv Hezbollah's leader issued a warning to Israel that the Lebanon-based militant group is ready for “all possibilities,” suggesting the daily cross-border fire between the two could tip into a full-blown war. 3) Apple Warns of Sluggish Holiday Quarter After China Slowdown Apple Inc.'s disappointing holiday-quarter outlook has cast a spotlight on its mounting problems in China, where the iPhone maker is struggling with the unexpected rise of Huawei Technologies Co. and an increasingly hostile business environment. FULL TRANSCRIPT: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with a guilty verdict for Sam bankman freed. It took a jury less than five hours to convict the FTX co founder of seven counts of fraud and conspiracy. Bloomberg's June Grosso begins our team coverage. It's not a surprise because the evidence against him was overwhelming. And think, what did it is? Sam Bankminfried took the stand in his own defense. And when a defendant takes the stand that way, the whole thing in the jury's mind becomes a credibility game. How credible do they find him? Bloomberg's June Grosso says, Sam bankman Fried faces as much as twenty years in prison on each of the most serious charges. He'll be sentenced in March. Well, Nathan Bloomberg, The legal reporter Ava Benny Morrison, was in the courtroom during the verdict, and she continues our team coverage. Dave was pretty emotionless. He was as to stand up by the judge. When the jury delivered its verdict. He faced the jury box, he held his hands in front of him and it looked like he was tearing down at the floor as the jury. As the fourth person to the jury confirmed guilty to each of the seven charges. He then sat back down. When the jury walked out of the room, he was whispering with his lawyers. He was nodding a lot. While he wasn't very emotional. His parents were. They were holding each other. His dad doubled over at one point. Bloomberg Legal reporter Ava Bennie Morrison reports Bankman's lawyer is considering an appeal may Karen Bloomberg. Business Week investigative reporter Zeke Fox wrote a book on ftx's Crypto roller Coaster, and he says Bankman freed struggled under cross examination. When his own lawyer was questioning him, he had a lot to say, but when the prosecution had there turned a cross examine, he suddenly didn't remember anything and in one moment that was dramatic, I mean, especially for me. The prosecutor asked her, as she asked him about the statement, there was more leeway, and he said, I don't remember saying anything like that. She whipped out a copy of my book, number Go Up and walked it over to him like a hard copy and was like turn to page two twenty four in Bloomberg Business Week, Zeek Fox ads the conviction is the first in a wave of legal action against crypto companies. Nathan now to the other major trial happening in New York, Donald Trump's two hundred and fifty million dollars civil fraud case. The former president's two oldest sons took turns on the witness stand, denying any role in preparing their company's financial records. Afterward, Donald Trump Junior addressed reporters before even having a day in court, I'm apparently guilty uh a fraud for relying on my accountants to do wait for it, accounting. Donald Trump Junior's brother is set to continue testifying today. Their sister, Evonka, will take this stand next week. She lost an appeal to delay her testimony. Well, Karen, we now turn to the war in the Middle East. Secretary of State Anthony Blinken is back in Tel Aviv. We're determined that this conflict not spread, and we'll be talking to both the Israeli government partners in the region about what all of us are doing to prevent that from happening. When Secretary of State b Lincoln's arrival comes as ground operations continue in Gaza. The Hamas run Health Ministry says more than nine thousand Palestinians have died in the fighting. Israel says seventeen of its soldiers have been killed. Well, Nathan, the House has passed the Aid for Israel bill, but Bloomberg's ad Baxter reports and may have a troubled future. This is a victory for House Speaker Mike Johnson, but it looks as if it is dead to become law. Senate majority leader Chuck Schumer has been saying taking funding from IRS enforcement is a bad idea, and President Biden is out saying if it were to hit his desk, he would not sign it. House Speaker Johnson says it will get done. There is absolutely no equivocation here. We have to stay with Israel, and Republican Congressman Tom Cole says there are different paths to get the aid. We have a lot of unspent money. We ought to use that toward a more important purpose and that's his real So the issue is far from settled at Baxter Bloomberg Radio, Okay, and thank you. Turning the market. Shares of Apple are down more than three percent. The world's most valuable company reported its fourth straight sales decline and its warning holiday revenue will be about the same as last year. Angelo Zeno, as senior equity analyst, it's CFRAA research. It's not the most favorable landscape out there for PCs, even though the broader PC landscape appears to have found some sort of putting for the time being. But at the end of the day, the consumer landscape is still very challenging in nature CFAs angelo Zino says. The results also suggest apples facing a deceleration in China. Well Nathan O their stocks on the move this morning. Shares of DraftKings up seven percent. The sports betting operator reported sales and player numbers that beat analyst expectations, Block shares surging more than a ten percent. The Payments Giant run by Jack Dorsey, again boosting its profit forecast for the year, and shares a Booking dropping as much as seven percent in light trading. The company formerly known as Price Lines as travel demand had been diminished by the Israel Hamas war. On the economic front, karen a busy week concludes with the October Jobs report, a preview of that now from Bloomberg's Michael McKee, FED chair j Powell says a tight labor market could lead to another rate move, which means markets will parse the October jobs report trying to determine what it signals. Is hiring still much stronger than what's needed to absorb an increasing labor force. Have higher interest rates led companies to pull back on hiring or even start letting people go. Our companies still paying up to attract workers, While the Fed we'll also see the November payrolls report before its next meeting. Powell says it will take several months of data to make any decisions. Michael McKee, Bloomberg Radio. All right, Nathan, thank you. It is time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's John Tucker, John, good morning, and Karen. Something maybe rotten in the Big Apple. The mayor's fundraising campaign is under investigation. Let's get more on this report from Bloomberg's Michael Barr. Mayor Adams ditched a White House meeting on the migrant crisis and flew back to the city. The mayor explaining his abrupt return, but you probably heard the reports involved in one of my campaign staffers. The staffer is lead fundraiser, twenty five year old Brianna Suggs, whose Brooklyn home was raided by the FBI. Along with the officers of a New York construction firm called KSK, it made fourteen thousand dollars in campaign contributions. The investigation is looking into whether the company, along with Turkish nationals, made in proper donations in New York. Michael Barr Bloomberg Radio Adams was supposed to be with the mayors of Chicago and Denver. It asked Congress to approve President Biden's request at one point four billion dollars to help the cities and states in the migrant crisis. Denver Mayor Mike Johnston, we're both of what wey've done. It's critical for us that this package passes over the next several weeks to get funding to cities, otherwise we'll have catastrophic impacts. The Democratic Mayor's trying to put pressure on the blinded administration to address the humanitarian crisis caused by record crossings at the southern border. The Senate had voted ninety five to one to confirm Admiral Linda Franchetti to be the next Chief of Naval Operations, making her the first woman to be a US military service chief. Set of Majority Leader Chuck Schumer and Admiral Fanchette is an exceptional leader with a distinguished career serving our nation. I'm confident she has the experience, the skills, and the vision to succeed as the US Navy's top naval as the US Navy's top officer. Franchetti's confirmation comes amid a temporary break from a blockade by Senator Tommy Tubberville stalling hundreds of military promotions. Riding high on historic contract wins against Detroit's automakers, UAWT President Sean Fain he is confident he can now take on Tesla and it's anti union chief Elon Musk. In an interview with Bloomberg yesterday, Fan said we can beat anybody global news twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm John Tucker, and this is Bloomberg. Karen, all right, John, thanks, so we bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Karen Weign. I'm in the NFL Underway with an AFC game in Pittsburgh. The Steelers and Titans were tied at ten, then at thirteen. Pittsburgh trailed in the fourth quarter. Ticket in the shotgun gets the snap looks right. Johnson White open tutop Pittsburgh. The Steelers bunched ninety two yards to take Tully. That's the day Johnson's first touchdown and won a couple season tests. Twenty Games TV had the calls. The Steelers beat the Titans twenty to sixteen. Pittsburgh's five and three Tennessee is three and five In Victor Weinberana's fifth NBA game, the Spurs rookie sensations scored thirty eight points. He had ten rebounds. Some highlight reel baskets as the San Antonio Spurs blew a twenty seven point lead but still beat Phoenix won thirty two to one twenty one. Philadelphia's three and one won by fifteen over Toronto. Joel Mbi scored twenty eight. The Pelicans are four to one. They played without Zion Williams from CJ. McCollums scored thirty three and win over Detroit. Orlando won by two at Utah Paalo Bankero scored thirty. The games tonight of the NBA marked the beginning of the NBA's in season tournament. The Bruins are nine to zhoin one. They beat Toronto three two in a shootout. Nelson Cruz announced his retirement at age forty three. Played nineteen seasons. There eight different teams at four hundred and sixty four home runs as expected World Series ratings, the lowest ever one hundred and thirty baseball players will be free agents. Heading the list show AO Time John Stanshaur Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam. The Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Guilty on all counts. After a month long trial, Sam Bankman Freed is convicted in one of the biggest cases of financial fraud in decades over the collapse of his FTX crypto empire. For more reaction to this outcome, we are joined now by Bloomberg Law host June Grosso. It's good to have you back with us this morning. Of course, this came after more than fifteen days of testimony that this jury heard. In the end, though it did take only about five hours for those jurors to come back with a verdict. Your thoughts, Yeah, it was a very quick verdict. I think that the evidence of this case was overwhelming. The prosecution had not only documents that they could present, but they also had three insiders, three witnesses who were close friends of Bankment Freed, one a former girlfriend of his, who were in on the process, in on what happened, and they testified, and their testimony was very you know, conclusive, and the cross examinations really didn't expose many holds in their testimony. And you also had the fact that Sam bankmin Freed took the stand, and when a defendant takes the stand, the focus for the jury then becomes the credibility of that defendant. And while he did pretty well on direct examination, on cross examination, the cross exit nomination was just withering and he said I don't know, or words to that effect more than a hundred times. So I think that in this case, he's taking the stand, which was a risky move. Everyone knows that it's a risky move for a defendant to take the stand, and it worked against him. Here, was that the biggest mistake that Sam Bankman Freed made to take the stand? Or is there something more that he could have done to try to rebut that testimony from as you say, what used to be his closest friends, his inner circle, Well, you know, it's hard to say. I don't want to characterize it as a mistake really because I don't know that he had any other choice. The evidence against him, as I said, was building, building, building. He had those those witnesses who turned against him, and really, what else could he have done but take the stand. He really had no other recourse. It was sort of forced on him as the trial was going on, the question will he take the stand or not. And the analysis was, well, he has the kind of personality to want to take the stand. I mean, look at all the times he's talked in the media, but everyone knew that on cross examination he was going to be confronted with not only the testimony of the three people who were closest to him at FTX and Alima Research who turned on him, but also all the statements that he made, all the times he talked to the media about FTX after the bankruptcy. So but what else could he do? It was it was a hail Mary pass and he took it. But you know, the choice was really there wasn't really wasn't much choice because it was so overwhelming at that point that you know, he had to take the chance. And there was, as you mentioned, so much overwhelming testimony against him before the standard. Even before that testimony, I mean, he lost a number of pre trial motions that kept him from calling expert witnesses. And of course there was that moment even before he was allowed to testify before a jury, where he got on the stand in front of the judge to argue for being allowed to testify about advice from his lawyers. So I mean, he had a number of hands tied behind his back, didn't he. Yeah, I think you know so many of the motions, every big one that I can think of. The judge ruled against him, and in particular, he was on the stand, as you mentioned, about three hours testifying before the judge, so the judge could decide whether or not he could get use an advice of council defense and that was really critical to his defense his lawyers, and he wanted to say that what he did he did because he was relying on the advice of his attorneys, and the judge said that he could not do that. I mean, the judge even ruled before trial that they couldn't use that, they couldn't talk about that in their opening statements to the jury. And then then he had those three hours on the stands where the judge decided that he couldn't use that and he couldn't talk about that in front of the jury, and that was really a hit on his defense. And if you go back, I mean even before the trial, the judge, as you mentioned, said that he couldn't use expert witnesses, and the judge threw him into jail after he had communicated with the press, and that was really a surprise too, because he had a huge bail package and the defense was coming in to agree that day to a gag order. Instead, the judge decided that he was going to throw him into jail weeks before the trial, and that really puts a strain on the defense in more ways than one. I mean, not only did he not have his adderall when he was in jail, not have the right dose of it, but he's a vegan and he didn't get the kind of food he eats. He didn't get the kind of food at the Brooklyn Detention Center, so everyone saw that he lost a lot of weight when it came to the courtroom. But more than that, it's very difficult to prepare for trial when you're behind bars and your lawyer has to make appointments to meet you, and you don't have access to all the documents and you know, the internet and the things you need. So it really was an uphill battle for him from the very beginning. And so we've had this uphill battle go on for just about a month. After a relatively quick jury decision, we are expecting that Sam Bankminfried and his lawyers are going to appeal this verdict. How do you expect that to go? Now, Well, you know, they have a lot of issues that they can appeal on, and they're the ones that I was just talking about, the judge turning down the advice of counsel and the expert witnesses, and I'm sure they have a lot more from what happened at trial, but it's it's very difficult to get a conviction reversed on appeal. It happens, but it's very difficult because a lot of these decisions are what they say, you know, in the discretion of the judge, and the appellate court won't touch a lot of a lot of these decisions if they feel that it was in the discretion of the judge and that these may all fit in that category. So you know they will. They do have a lot to talk about, They do have a lot to raise on appeal, but you know, it's another uphill battle for him. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feat at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.
On November 2, 2023, Sam Bankman-freed was found guilty on all seven counts of fraud and conspiracy. He faces a maximum sentence of life in prison.The verdict was the culmination of a two-week trial in which prosecutors argued that Bankman-freed had orchestrated a "pyramid of deceit" to defraud investors and customers of his crypto exchange, FTX. They alleged that he had used customer funds to prop up his hedge fund, Alameda Research, and to make risky investments.The defense argued that Bankman-freed had made innocent mistakes and that he had never intended to defraud anyone. However, the jury rejected this argument and found him guilty on all counts.The verdict is a major blow to Bankman-freed, who was once one of the most powerful figures in the crypto industry. It is also a significant setback for the crypto industry as a whole, as it raises questions about the safety and security of crypto exchanges.It is important to note that Bankman-freed has not yet been sentenced. He is still presumed innocent until his sentencing hearing, which is scheduled for February 2024.
Sam Bankman-Fried Trial: Defense Rests, Closing Arguments to BeginThe defense team for Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, rested its case on Tuesday, October 31, 2023, after Bankman-Fried testified for the fourth and final day.Bankman-Fried's testimony was central to his defense, as he sought to convince the jury that he was not aware of the fraudulent activities that led to the collapse of FTX. He testified that he was focused on the high-level vision of the company and that he trusted his deputies to handle the day-to-day operations.Bankman-Fried also testified that he did not learn that Alameda Research, a trading firm that he also founded, had borrowed billions of dollars in customer funds from FTX until the fall of 2022, months before the exchange's collapse.The prosecution's case against Bankman-Fried is based on the allegation that he knowingly used customer funds to cover losses at Alameda Research and to fund other risky investments. The prosecution has presented evidence that Bankman-Fried lied to investors about the financial health of FTX and that he concealed the fact that Alameda Research was borrowing customer funds.Highlights from Bankman-Fried's testimony in the past 24 hours:Bankman-Fried testified that he was not aware of the fraudulent activities that led to the collapse of FTX.He said he was focused on the high-level vision of the company and that he trusted his deputies to handle the day-to-day operations.Bankman-Fried also testified that he did not learn that Alameda Research, a trading firm that he also founded, had borrowed billions of dollars in customer funds from FTX until the fall of 2022, months before the exchange's collapse.What to expect next:After the defense rests its case, closing arguments will begin. The jury is then expected to begin deliberating the verdict.Bankman-Fried faces eight counts of criminal fraud, including wire fraud, securities fraud, and money laundering. If convicted, he could face up to 20 years in prison on each count.Analysis:Bankman-Fried's testimony was a critical moment in his trial. He sought to portray himself as a young and inexperienced entrepreneur who made mistakes but did not commit any crimes.However, the prosecution's cross-examination of Bankman-Fried was effective in challenging his claims. The prosecution presented evidence that Bankman-Fried was aware of the risks that he was taking with customer funds and that he lied to investors about the financial health of FTX.The jury will now have to decide whether to believe Bankman-Fried's testimony or the prosecution's case. The outcome of the trial will have a significant impact on the cryptocurrency industry and on Bankman-Fried's personal future.
In a trial during which he has suffered many low points, former FTX CEO Sam Bankman-Fried may have reached a nadir on day 15 as prosecutor Danielle Sassoon used his own words to show stark contradictions from his earlier testimony and a seemingly callous disregard for customer assets. The tenacious, methodical Sassoon punctuated her more than four hours of interrogation on Monday afternoon with devastating audio and visual evidence of Bankman-Fried, including memos to himself, internal FTX and Alameda documents, and testimony to Congress that countered statements he'd made under his defense team team's kinder questioning. In one instance, Sassoon showed a Signal chat in which Bankman-Fried expressed his interest in purchasing MAPs token, a direct refutation of his testifying that he “was not involved at all in any way” in trading. In another instance, she illustrated Bankman-Fried's alleged lack of regard for his Twitter followers, showing a screenshot of a Twitter DM with Kelsy Piper in which he admits to being insincere about his support for regulation that protects customers, telling Piper at one point, “just PR, fuck regulators.” Bankman-Fried claimed not to remember a spreadsheet with seven, different balance sheets created by then Alameda Research CEO Caroline Ellison to make the company's balance sheet look better than it was, a key piece of evidence that Ellison addressed in her testimony. Sassoon presented Google metadata showing Bankman-Fried had read the document. Dressed in a light gray suit with a purple tie, Bankman-Fried claimed repeatedly not to remember other events or his responses in conversations, and he answered other questions with curt yeses and nos, unlike the windy, often convoluted responses that he provided to his defense team earlier in the day and on Monday. And as Sassoon continued to catch him in contradictions, he seemed to grow irritable and occasionally rocked back and forth in his chair. Prosecutors will continue their cross-examination on Tuesday followed by redirect for one or two hours before the defense closes its case. The prosecution will then call two rebuttal witnesses. Catch up on Unchained's previous coverage: SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges SBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison? SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life' SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness? SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big Spender SBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's Testimony SBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole SBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBF SBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight Answers SBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTX Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Why These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to Testify Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect Learn more about your ad choices. Visit megaphone.fm/adchoices
This is your FTX on Trial podcast and here is the latest in headlines from the Sam Bankman-Freed Trial as the Defense Rests and Closing Arguments will soon BeginThe defense team for Sam Bankman-Freed, the founder of the collapsed cryptocurrency exchange FTX, rested its case on Tuesday, October 31, 2023, after Bankman-Freed testified for the fourth and final day.Bankman-Freed's testimony was central to his defense, as he sought to convince the jury that he was not aware of the fraudulent activities that led to the collapse of FTX. He testified that he was focused on the high-level vision of the company and that he trusted his deputies to handle the day-to-day operations.Bankman-Freed also testified that he did not learn that Alameda Research, a trading firm that he also founded, had borrowed billions of dollars in customer funds from FTX until the fall of 2022, months before the exchange's collapse.The prosecution's case against Bankman-Freed is based on the allegation that he knowingly used customer funds to cover losses at Alameda Research and to fund other risky investments. The prosecution has presented evidence that Bankman-Freed lied to investors about the financial health of FTX and that he concealed the fact that Alameda Research was borrowing customer funds.Highlights from Bankman-Freed's testimony in the past 24 hours:Bankman-Freed testified that he was not aware of the fraudulent activities that led to the collapse of FTX.He said he was focused on the high-level vision of the company and that he trusted his deputies to handle the day-to-day operations.Bankman-Freed also testified that he did not learn that Alameda Research, a trading firm that he also founded, had borrowed billions of dollars in customer funds from FTX until the fall of 2022, months before the exchange's collapse.What to expect next:After the defense rests its case, closing arguments will begin. The jury is then expected to begin deliberating the verdict.Bankman-Freed faces eight counts of criminal fraud, including wire fraud, securities fraud, and money laundering. If convicted, he could face up to 20 years in prison on each count.Bankman-Freed's testimony was a critical moment in his trial. He sought to portray himself as a young and inexperienced entrepreneur who made mistakes but did not commit any crimes.However, the prosecution's cross-examination of Bankman-Freed was effective in challenging his claims. The prosecution presented evidence that Bankman-Freed was aware of the risks that he was taking with customer funds and that he lied to investors about the financial health of FTX.The jury will now have to decide whether to believe Bankman-Freed's testimony or the prosecution's case. The outcome of the trial will have a significant impact on the cryptocurrency industry and on Bankman-Freed's personal future.Subscribe now and stay up to date on all things SBF
This is your Sam Bankman-Freed Trial Update for October 30, 2023.Sam Bankman-Freed, the founder of the collapsed cryptocurrency exchange FTX, took the stand again today for a day of cross-examination from federal prosecutors. He faces seven counts of fraud and conspiracy related to the collapse of FTX and its sister trading house, Alameda Research.Prosecutors started their cross-examination by focusing on Bankman-Freed's lavish lifestyle and spending habits. They also pressed him on his knowledge of the risky investments that Alameda Research made, and his role in the collapse of FTX.Bankman-Freed continued to deny that he committed fraud or stole from FTX customers. He admitted that he made mistakes, but he said that he was always acting in the best interests of the company.One of the most notable moments of the day came when prosecutors asked Bankman-Freed if he had ever called FTX customers "dumb." He admitted that he had, but said that it was in the context of a private conversation and that he didn't mean to be offensive.The cross-examination is expected to continue tomorrow.Other news from the trial today:Federal Judge Lewis Kaplan ruled that Bankman-Freed cannot testify about the involvement of FTX lawyers in his decisions and actions.Bankman-Freed's defense team is expected to call witnesses next week, including former FTX employees and crypto experts.The trial is expected to last several weeks.The Sam Bankman-Freed trial is entering a critical phase as prosecutors begin their cross-examination. The outcome of the trial could have a major impact on the cryptocurrency industry, and on Bankman-Freed's personal future.
This is your FTX on trial podcast and in the courtroom on Day 14: Sam Bankman-freed testified in his own defense.On October 27, 2023, Sam Bankman-freed took the stand in his own defense at his criminal trial in New York City. He is facing eight charges, including wire fraud, money laundering, and campaign finance violations, for his alleged role in the collapse of his cryptocurrency exchange, FTX.Bankman-freed testified that he believed he was acting legally when he transferred customer funds from FTX to his trading firm, Alameda Research. He said that he thought the two companies were essentially one entity, and that the transfers were allowed under the company's terms of service.Bankman-freed also denied that he had intentionally misled investors or customers about the financial health of FTX. He said that he was "shocked" when the company collapsed in November 2022, and that he had believed that it was solvent up until the very end.Prosecutors are expected to cross-examine Bankman-freed on Friday, October 28. The trial is expected to last several more weeks.Bankman-freed claims he thought 'borrowing' of FTX user funds was allowed under company's terms of service. During his testimony on Thursday, Bankman-freed said that he believed that Alameda Research's "borrowing" of FTX user funds was permitted under the company's terms of service. However, prosecutors have pointed out that the company's terms of service specifically prohibited Alameda from borrowing customer funds without their consent.Financial services consultant Joseph Pembley testified that FTX was "insolvent" in the weeks leading up to its collapse. Pembley testified that FTX had a negative net asset value of billions of dollars in October 2022. He also said that Bankman-freed had refused to take steps to address the company's financial problems, even after being warned by advisors.Bankman-freed's testimony is a key moment in the trial. If he is able to convince the jury that he believed he was acting legally, it could help him avoid a conviction. However, if prosecutors are able to show that he deliberately misled investors or customers, it could strengthen their case.The testimony of financial services consultant Joseph Pembley is also significant. It provides further evidence that FTX was in serious financial trouble in the weeks leading up to its collapse. This contradicts Bankman-freed's claim that he was unaware of the company's financial problems.The trial is expected to continue for several more weeks. It will be interesting to see how the jury responds to Bankman-freed's testimony and the other evidence that has been presented.Thank you for listening and please be sure to subscribe. If you like this podcast check out the Trump on trial and Google on Trial podcasts.
This is the FTX on Trial podcast, and this is your update for MOnday, October 23rd.Sam Bankman-freed, the co-founder and former CEO of the bankrupt cryptocurrency exchange FTX, is on trial in federal court in Manhattan on charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit securities fraud. He is accused of misappropriating billions of dollars in customer funds to prop up his own businesses and investments. Bankman-freed has pleaded not guilty to all charges.Caroline Ellison's testimony: Ellison, the former CEO of Alameda Research, a hedge fund that Bankman-freed founded, testified against him in early October. She admitted to knowingly misappropriating customer funds from FTX to prop up Alameda. She also said that she and Bankman-freed engaged in a "fraudulent scheme" to manipulate the price of cryptocurrency FTT.Defense's arguments: Bankman-freed's defense team has argued that he did not knowingly commit fraud. They have said that he was inexperienced and made mistakes, but that he always intended to do what was right for his customers. They have also argued that the government's case is based on "speculation" and "conjecture."Judge's warning: Judge Lewis Kaplan, who is presiding over the trial, has warned both sides to do better in their questioning of witnesses. He has said that he is "concerned" about the level of "disrespect" that has been shown in the courtroom.Recent DevelopmentsJury instructions: On October 20, the prosecution and defense submitted their proposed jury instructions to Judge Kaplan. The jury instructions are important because they tell the jury what the law is and how to apply it to the facts of the case.Trial schedule: The trial is scheduled to resume on October 26. Prosecutors are expected to rest their case on that day. The defense will then present its case. The trial is expected to last several weeks.The Sam Bankman-freed trial is closely watched by the cryptocurrency industry and by the public at large. The outcome of the trial could have a significant impact on the future of cryptocurrency regulation.Here are some additional details about the trial that have been reported in the news:On October 20, prosecutors compared one of the defense's arguments to a scene in the 1994 film "Dumb and Dumber." The defense had argued that IOUs are as good as money. Prosecutors said that this argument was "absurd" and that it showed that the defense was "desperate."On October 20, Judge Kaplan ripped into lawyers from both sides, telling them to do better and to communicate more with each other. He said that he was "concerned" about the level of "disrespect" that had been shown in the courtroom.On October 21, the trial was paused for a week due to a scheduling conflict. The trial will resume on October 26.The next major event in the trial will be the prosecution resting its case. This is expected to happen on October 26. The defense will then present its case. The trial is expected to last several weeks.Thank you for listening and make sure you check out the Google on Trial podcast which provides updates on the news and events surrounding the United States versus Google antitrust trial.Thank you for listening!
This is the FTX on trial podcast, and this is your Trial update for 10-20-2023.Sam Bankman-freed's trial for fraud and money laundering charges began on October 3, 2023, in federal court in Manhattan. Bankman-freed is accused of defrauding investors and customers of his cryptocurrency exchange FTX, which collapsed in November 2022, costing customers billions of dollars.Caroline Ellison, Bankman-freed's ex-girlfriend and former CEO of Alameda Research, revealed new details about Bankman-freed's alleged fraudulent activities. She testified that Bankman-freed directed her to commit fraud, such as using FTX customer funds to prop up Alameda Research. She also said that Bankman-freed believed he didn't need to follow moral codes because he was working for the "greater good."Ellison's testimony is particularly damaging to Bankman-freed because she is a cooperating witness. This means that she has made a plea deal with the prosecution in exchange for her testimony. This suggests that the prosecution has a strong case against Bankman-freed.On Wednesday, October 18, Ellison testified that Bankman-freed talked her out of resigning from her post at Alameda Research just months before FTX fell apart. She told jurors that Bankman-freed told her she was "too important" to leave.Also on Wednesday, Nishad Singh, a former FTX executive, also testified this week. Singh testified about Bankman-freed's "excess" spending. He said that Bankman-freed used FTX customer funds to purchase luxury homes and private jets for himself and his employees. Singh's testimony is significant because it supports the prosecution's allegations that Bankman-freed misused FTX customer funds. It also suggests that Bankman-freed was living a lavish lifestyle while FTX customers were losing their money.Bankman-freed's attorneys have argued that he is not guilty of any crimes and that he is being targeted by prosecutors because he is a successful entrepreneur. They have also accused the prosecution of relying on the testimony of unreliable witnesses, such as Ellison and Singh.The prosecution has argued that Bankman-freed knowingly defrauded investors and customers and that he used FTX customer funds to prop up his own hedge fund, Alameda Research. They have also presented evidence that Bankman-freed lied to investors about the financial health of FTX.The trial is expected to last several weeks. If convicted, Bankman-freed could face up to 20 years in prison.In addition to the criminal trial, Bankman-freed is also facing civil lawsuits from investors and customers of FTX. The lawsuits allege that Bankman-freed and other FTX executives violated securities laws and committed fraud.The Sam Bankman-freed trial is one of the most closely watched cases in the cryptocurrency industry. The outcome of the trial could have a significant impact on the future of regulation in the cryptocurrency space.
Elections law expert Richard Briffault, a professor at Columbia Law School, discusses a Supreme Court case over South Carolina's congressional maps. Former federal prosecutor Jordan Estes, a partner at Kramer Levin, discusses the latest in the trial of Sam Bankman-Fried. June Grasso hosts.See omnystudio.com/listener for privacy information.
This week: Trump's civil fraud trial commences in New York; jury selection is underway in Sam Bankman-Fried's fraud trial as he sits in pre-trial detention; plus Asha tells us her secret to doing more with less sleep.Thanks HelloFresh! Go to HelloFresh.com/50COMPLICATED and use code 50COMPLICATED for 50% off plus 15% off the next 2 months!Subscribe on Youtube: https://www.youtube.com/@Its.Complicated/Subscribe to our podcast https://link.chtbl.com/its-complicatedFollow Asha on Twitter: https://twitter.com/AshaRangappa_Asha's Substack: https://asharangappa.substack.com/Follow Renato on Twitter: https://twitter.com/renato_mariottiFollow Asha on Instagram: https://www.instagram.com/asha.rangappa/Follow Renato on Instagram: https://www.instagram.com/renato.mariotti/Opening Theme and Bumper music provided by eitanepsteinmusic / Pond5
Lawyers for the crypto tycoon Sam Bankman-Fried laid out their defence on Wednesday, Rishi Sunak axed the northern leg of the HS2 high-speed rail line to Manchester, and Fifa announced the location of the 2030 World Cup. Mentioned in this podcast:Spain, Portugal and Morocco to host 2030 football World CupSam Bankman-Fried committed ‘fraud on a massive scale', prosecutors allegeRishi Sunak axes northern leg of HS2 in flurry of ‘radical' decisionsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
1. 8 Gop, All Dems Vote Out House Speaker2. Judge Issues Gag Order Over Trump's Post3. Hunter Biden Pleads Not Guilty to Gun Charges4. WH Tells Allies Ukraine Aid Will Continue5. Jury Selection Starts in Bankman-fried Trial
Minutes after setting in motion the first vote to oust a sitting Speaker of the House in over a century, Matt Gaetz declared that going after Kevin McCarthy would be his legacy. As the government shutdown looms and FTX trial against Sam Bankman Fried begins, the window for Crypto & stablecoin regulation narrows.
FTX has sued Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, claiming they enriched themselves by siphoning off millions of dollars in “fraudulently transferred and misappropriated funds” from the cryptocurrency exchange their son founded.In a court filing earlier this week, the FTX debtors said Joseph Bankman and Barbara Fried, both of whom are tenured professors at Stanford Law School, used their influence to funnel money from the business to themselves and their pet charitable causes.Bankman, a tax lawyer, also lavished gifts upon his friends and family using FTX funds, they alleged, including, flights and tickets to the Formula One Grand Prix in France.Fried used her influence to obtain millions of dollars in donations from Bankman-Fried and an associate for Mind the Gap, a Super Pac she co-founded to help Democrats win office in the 2020 US election cycle. She further pressured “certain FTX Insiders to unlawfully avoid (if not violate) federal campaign finance law”, the debtors allege.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleThe full legal complaint: https://dm.epiq11.com/case/ftx/infoPatrick Boyle YouTube ChannelUranium Spotlight: Nuclear's Resurgence in a Clean Energy WorldA weekly podcast on uranium fuel market trends and its global energy impact. Listen on: Apple Podcasts Spotify Support the show
As lawsuits continue to pile up in the FTX saga, FTX chief John Ray III is focused on clawing back funds from former affiliates to pay back creditors. But how might that play out in court? Founder of 117 Partners Thomas Braziel, who specializes in the trading of bankruptcy claims, explains the different paths Ray may choose to go down and the potential outcomes of these cases. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: The chances of FTX winning in court against Sam Bankman-Fried's parents The case against Barbara Fried and Joseph Bankman Whether civil cases could turn into criminal ones Whether bankruptcy proceedings and the criminal case against Sam Bankman-Fried are a coordinated effort What retail clawbacks are and the likelihood that FTX will pursue them Thank you to our sponsors! Crypto.com Arbitrum Foundation Thales DAO Toku Guest Thomas Braziel, founder of 117 Partners Previous appearances on Unchained: Will FTX Reboot? Here's John Ray's Internal Deadline for Making a Decision Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In Will Celsius Survive the Bankruptcy Process? How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX Links Previous coverage of Unchained on Sam Bankman-Fried and FTX: The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Unchained: New Suit Claims That FTX Kept Its Fraud All in the Family Stanford University Will Return $5.5 Million to FTX FTX Sues SBF's Parents to Claw Back Misappropriated Funds: Report Full text of the FTX lawsuit against Bankman and Fried CoinDesk: Sam Bankman-Fried's Dad Thought His Son Wasn't Paying Him Enough, So He Got Mom Involved Bloomberg: How Sam Bankman-Fried's Elite Parents Enabled His Crypto Empire The Verge: The best stuff Sam Bankman-Fried's parents bought using FTX money Learn more about your ad choices. Visit megaphone.fm/adchoices
Thomas Braziel, founder of 117 Partners, discusses the chances of FTX winning in court and how it can claw back funds to repay its debts.As lawsuits continue to pile up in the FTX saga, FTX chief John Ray III is focused on clawing back funds from former affiliates to pay back creditors. But how might that play out in court? Founder of 117 Partners Thomas Braziel, who specializes in the trading of bankruptcy claims, explains the different paths Ray may choose to go down and the potential outcomes of these cases.Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights:The chances of FTX winning in court against Sam Bankman-Fried's parentsThe case against Barbara Fried and Joseph Bankman Whether civil cases could turn into criminal onesWhether bankruptcy proceedings and the criminal case against Sam Bankman-Fried are a coordinated effort What retail clawbacks are and the likelihood that FTX will pursue themThank you to our sponsors: Crypto.com | Arbitrum Foundation | Thales | DAO | TokuGuest | Thomas Braziel - founder of 117 Partners.Previous appearances on Unchained:Will FTX Reboot? Here's John Ray's Internal Deadline for Making a DecisionWill FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh InWill Celsius Survive the Bankruptcy Process?How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTXLinks | Previous coverage of Unchained on Sam Bankman-Fried and FTX:The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take YearsThe Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 BillionIs the Collapse of Crypto Lending Over, or Is It Just Starting?Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX?The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' AssetsThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?Sam Bankman-Fried on How to Prevent the Next Terra and 3ACUnchained: New Suit Claims That FTX Kept Its Fraud All in the FamilyStanford University Will Return $5.5 Million to FTXFTX Sues SBF's Parents to Claw Back Misappropriated Funds: ReportFull text of the FTX lawsuit against Bankman and FriedCoinDesk: Sam Bankman-Fried's Dad Thought His Son Wasn't Paying Him Enough, So He Got Mom InvolvedBloomberg: How Sam Bankman-Fried's Elite Parents Enabled His Crypto EmpireThe Verge: The best stuff Sam Bankman-Fried's parents bought using FTX money-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Georgia State University Assistant Law Professor Anthony Michael Kreis weighs in on the release of the Georgia grand jury report and Trump's pardon chances. Virginia Tech Professor of Public Relations and author Cayce Myers discusses Trump's mugshot. Austin Peay State University Professor and Executive Director for Decision Support and Institutional Research Andrew Luna analyzes alleged […]
VLOG Aug 29: Bankman-Fried's pricey expert witnesses, pay to say - #CryptoCreeps book: https://www.amazon.com/dp/B0CFCJ68PS Trump docket: now DDC Jan 6 trial March 4, 2024, NY Bragg March 25- and Georgia October? #UNGA Sept Biden only wants #Nigeria Tinabu, @USUN won't answer
In this episode, long overdue convictions for high crimes and misdemeanors. Judge delivers devastating blow and possible sanctions. Federal form being propagandized as second hand info.
Policy and regulation in the U.S. is top of mind in the industry of crypto and digital assets. The Scoop's Frank Chaparro sat down with The Block's policy reporter Stephanie Murray and broke down the biggest stories and trends from Gary Gensler's big bet against crypto to CBDCs and who takes Sam Bankman-Fried's place in Washington, DC. From the collapse of FTX, Blockfi, Voyager, Celsius and others, to the aggressive stance regulators are displaying, it's been busy in Washington. "We went from big bull market to the collapse of some of the biggest crypto firms that sent ripples through the entire industry," Murray said. "It's definitely impacted me. And Stephanie, I mean, most of the companies I wrote about are now bankrupt or are out of business, about 50% from Blockfi to FTX to Celsius," Chaparro said. "I'm gonna have to hope on the policy beat, I don't really have much to do these days!" Who's Bankman-Fried's Washington replacement? For all his faults, Chaparro noted that Sam Bankman-Fried, the disgraced founder of bankrupt FTX, stepped up to represent the industry in Washington, DC, to agitate for change. Chaparro cited Coinbase's Brian Armstrong and Kraken's Jesse Powell as leaders who, while not running apparent frauds, are antagonistic to politicians and may not be great replacements. "Whereas Sam was not antagonistic to regulators, but ran a fraud. So what we need is someone who doesn't operate a fraud, and who is not antagonistic to regulators. So there's a Venn diagram there, and somewhere there is a CEO or a figurehead who can fill the gap," Chaparro said. This episode is brought to you by our sponsors Circle and CleanSpark. About Circle Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit circle.com/Scoop to learn more. About CleanSpark CleanSpark (NASDAQ: CLSK) is America's Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.
The most valuable crypto stories for Tuesday, Feb. 7, 2023. The Hash" team discusses today's top headlines, including a federal judge rejecting a joint request to modify Sam Bankman-Fried's bail conditions to allow him to use certain messaging tools. Separately, Indian cryptocurrency exchange WazirX says allegations made by Binance are "false and unsubstantiated." Plus, why viewers won't see any crypto ads in this year's Super Bowl.See also: Sam Bankman-Fried Appeals Judge's Decision to Reveal Names of His $250M Bond BackersUS Prosecutors Ask for Postponement of SEC, CFTC Cases Against Sam Bankman-FriedCrypto Super Bowl Advertising Will Be Absent This Year-This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Bankman to Accept Extradition :: Blaming the Victim? :: FTX's Alleged Wire Fraud Signal Channel :: Economic Freedom of the World Rankings :: Twitter Files :: Produce 80% Inflation :: FTL to Delete Commercial Breaks in New Year :: Abandoned Hotel Apartments for Homeless :: 2022-12-17 Ian, Captain Kickass, Peakless Mountaineer
Ricochet.com Editor-in-Chief Jon Gabriel is in for Jim. Join Jon and Greg as they fume over yet another Senate Republican surrender on spending - choosing to support a bill to fund the government through September instead of a short-term bill that would give the incoming GOP House majority much more leverage on how our tax dollars are spent. They also roll their eyes as the Cambridge Dictionary redefines "man" and "woman" to accommodate the transgender agenda. Finally, they react to indicted FTX Founder Sam Bankman-Fried arguing he can't stay in jail because of his vegan diet and his struggles with Attention Deficit Disorder.Please visit our great sponsors:Omaha Steakshttps://omahasteaks.com/martiniSave 50% sitewide and use code Martini at checkout for an extra $40 off. Minimum order may be required.
On Today's Episode The Chicks discuss Sam Bankman Fried of FTX being arrested, Fauci, the latest shenanigans of woke-ism and more!Please support our great sponsors at:Birch GoldText CHICKS to 989898Text now to get your FREE info kit on diversifying into gold TAX FREE.Cozy Earthhttps://cozyearth.com/chicksSave 40% off now. Hurry, this holiday offer ends soon!DancingDeerhttps://dancingdeer.comUse code CHICKS to save 25% on your entire order.EdenPUREhttps://edenpuredeals.comFreshen the air this Christmas with the Thunderstorm 3 pack. Save $200 with code CHICKS3Genucelhttps://genucel.com/chicksNow until Christmas treat yourself with the Most Popular Package for 70% off plus get the Hyaluronicacid correcting serum FREE.Healthycellhttps://healthycell.com/chicksStock up or give the gift of health this year with Buy One Get One 50% off using code CHICKS.Heat Holdershttps://heatholders.comUse code CHICKS to save 15%. Heat Holders: Making life warmer.My Pillowhttps://mypillow.com/chicksSave on all My Pillow bedding with the Best Christmas Sale Ever using promo code CHICKS.Omaha Steakshttps://omahasteaks.com/chicksSave 50% sitewide and use code CHICKS at checkout to get an additional $40 off your order.
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Big Lead @ Noon // Some of the best of Mike Leach // GUEST: Cory Klippsten, CEO of Swan.com and expert on crypto and bitcoin, shares more insight on the Bankman-fried storySee omnystudio.com/listener for privacy information.
Given recent events in the world of Cryptocurrency, almost everyone in business is currently pondering the following question: Is Sam Bankman-Fried, founder and CEO of the crypto exchange FTX, the Bernie Madoff of Crypto? Or is he merely an entrepreneur who made some horrible errors? Today at Christopher Lochhead: Follow Your Different, we are joined by the legendary Jim Campbell to examine this question. Jim Campbell is the author of the bestselling definitive book on Bernie Madoff called Madoff Talks. We did a deep dive with him on the book and on the topic of Madoff himself. Check it out if you're interested in how Madoff manipulated everything before it all fell apart (FYD 217). On this episode of Christopher Lochhead: Follow Your Different, we go deep with Jim Campbell on the similarities and the differences on old school scammers like Bernie Madoff and the disaster that is Sam Bankman-Fried and the fate of FTX. Jim Campbell on Sam Bankman-Fried: Madoff 2.0 or not? The dialogue starts off direct to the point: is Sam Bankman-Fried Madoff 2.0? Jim responds that there are similarities but also differences between the two. The biggest similarities is that both Madoff and Bankman-Fried comingled their firm and customer assets to boost the value of its company, with Bankman going so far as to use said money to create more connections in the tech, business, and even so far as government and politics. Both were also involved in something like a Ponzi scheme, though FTX allegedly took it a step further by using its own FTX tokens as collateral to further increase its own valuation, which is a form of market manipulation. The baffling behavior of Sam Bankman-Fried When you are accused of a crime as big as the one Sam Bankman-Fried is currently facing, it's normal to avoid the public eye for a while, and make no statements unless in the presence of their lawyer, lest they say something incriminating. Which is why Sam Bankman-Fried's behavior baffles everyone, as he goes so far as guest for certain podcasts and interviews. Yet he still had the arrogance and audacity to say that he didn't know what he has done would result in a loss of $32 billion dollars for their investors and consumers. Jim Campbell on doing your due diligence The thing is, there were a lot of questionable aspects to FTX, once you dug into their model. Unfortunately, doing the due diligence seems to be a rare thing nowadays, due to the fear of missing out. With the boom of crypto in the latter half of the 2010s and even more so during the pandemic, investors wanted to hop it to latest coin or token, should it increase in value exponentially like what happened to Bitcoin. Some tech companies and businesses are also guilty in this regard. Take for example on what happened to Theranos. Businesses were so eager to jump in even with just a concept, because they think it'll be more expensive to establish connections and partnerships later on. Some were dazzled by the names attached to the concept, others by the “projected” earnings should it be developed. In the end, they all lost their investments because they couldn't be bothered to do their due diligence beforehand. To hear more from Jim Campbell, download and listen to this episode. Bio Jim Campbell is the host of the nationally syndicated radio show Business Talk with Jim Campbell. He is known for his hard-hitting interviews of leading figures from the worlds of business, politics, and sports. Known for “firsts,” Campbell snagged the first extensive interview with former New York Governor Eliot Spitzer after his resignation, the first interview with former Tyco CEO Denis Kozlowski after his release from prison, and the first broadcast interview with former stock analyst Roomy Kahn, a government informant in one of the biggest insider trading busts in American history. Campbell's extensive corporate, consulting, and entrepreneurial business background includes roles at KPMG Consulting,
Please enjoy my monologue Bankman with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
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