Update: #SBF Arrested
SBF Now in jail, and his parents are out of jobs. Their courses are no longer listed at Stanford.
The baby boy with all his privilege ruined his family.
Sam Bankman-Fried is facing 8 charges, which could total up to 165 years in prison, unsealed indictment shows.
MERRY CHRISTMAS KRAMPUS IS THE UGLY MF WE NEED.
#Krampusnacht is a chance to have a devilishly good time during the holidays. But it might appeal for another reason:
Krampus THE UGLY ENFORCER may offer vicarious, instant satisfaction of doling out punishment to those deserving of it.
Milwaukee’s Krampusnacht parade, an event that has taken over the city’s historic Brewery District.
Krampusse come from all around the country to join in, and the parade has only grown bigger year over year.
Get Ready for the Jingle Bell Dance
SBF and Carolyn both Getting Started
Of course Carolyn & SBF started on Jane Street the shadowy front running firm.
SBF bought a troubled brokerage “RJL Capital Group”, renamed it “FTX Capital Markets” (which is apparently *not* included in the #FTX bankruptcy), devised satanic customer agreement. Also Embed Financial Technologies, Embed Clearing LLC READ MORE
And ….
The work of @MikeBurgersburg who really rang the alarm bells on FTX and very well may have accelerated the whole collapse. When I found out he’s a doc who does crypto investigations in his spare time I decided to call him up! Article
His work — tracing blockchain transactions but then coming up against big black boxes where money in centralized exchanges can’t be traced — shows the lie at the heart of this ecosystem
WHO’S WHO AND WHAT’S WHAT
His girlfriend Carolyn’s Daddy – Glenn Ellison was a U.S. Securities and Exchange Chair was also Gensler’s boss when Gensler taught a course on Bitcoin at MIT . The former FTX CEO used to date Alameda Research CEO Caroline Ellison.
DADDY To The Rescue cause Caroline is a broke criminal.
Alameda Former CEO Caroline Ellison Hires SEC Ex-Top Regulator As Attorney For FTX Investigation.
Daddy Hires [REVOLVING DOOR PERFECTION]
Stephanie Avakian, the head of the Securities and Financial Services department at law firm WilmerHale and a former top cryptocurrency regulator at the SEC, has been hired by Caroline Ellison, who is 28 years old.
Avakian was the chief of the Enforcement Division at the SEC, where she increased cryptocurrency compliance by bringing actions against Ripple Lab and Robinhood. In addition, Avakian’s oversight encompassed a vast array of challenges, such as financial fraud, insider trading, audit and accounting irregularities, market structure and asset management anomalies.
The former CEO of Alameda Research, Caroline Ellison, has spent her entire professional career as a trader. While a junior studying math at Stanford University, Ellison took her first of two internships with Jane Street, a Wall Street hedge fund known for its heavy use of algorithms, where she excelled. She put off a one-year master’s degree program to join the firm full time.
“Trading is the biggest thing that allowed me to excel in trading,” Ellison said in an interview for Alameda’s podcast in 2021. For anyone else, the statement would be a tautology, but for the bookish Ellison, who came into crypto as a skeptic, it was never obvious that she’d lead one of the most influential digital asset hedge funds. The Wall Street Journal recently reported that Ellison told Alameda staffers in a video call that she was one of four people aware of the decision to send FTX customer funds to Alameda, to help the fund meet its liabilities.
So funny that SBF gets arrested JUST IN TIME so that he can’t testify.
They don’t want him to say anything about his meetings with Gensler right? That makes sense.
SEC chair Gary Gensler ‘is in a corner’ as Congress demands to know how his agency MISSED signs that FTX was about to collapse – despite 45-minute Zoom call with Sam Bankman-Fried where they discussed a NEW trading platform He missed the biggest crypto collapse to date. It’s a bad look for the SEC and by extension the Democrats.
Anti-Crypto US Senator Elizabeth Warren had close ties with Sam Bankman-Fried, says Stacks co-founder Peter Shea. Isabelle Gensler worked for Warren.
The NY Southern District brings the charge.
Jack Mallers asks Business Insider why it refused to air interview 6 months ago in which he said SBF was spending money to be treated as an expert and acting maliciously. Original interview
#MoneyLaundering:
FTX inner circle had a group-chat on Signal called “Wirefraud” where they sent operational secrets before FTX collapsed – They all knew!!
SEC charges Sam Bankman-Fried with defrauding FTX investors.
The former CEO of Alameda Research, Caroline Ellison
Tether did billions of dollars of business with SBF.
“Earlier this year, Protos shed light on that mystery by reporting that just two companies, Alameda Research and Cumberland Global, were responsible for seeping roughly two-thirds of all Tether into the crypto ecosystem.”
#TetherPapers
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
Tether minted most USDT to just 2 firms — Alameda and Cumberland
US Prosecutors consider charging Binance and its CEO for possible money laundering and sanctions violations – Reuters
RE: Binance “Execs bailing, institutional (Jump) capital fleeing, and charges coming”
There’s still time to lose your money on Binance and you can enjoy being in the same position as FTX customers, BlockFi customers, Celsius customers, Voyager customers, Gemini Earn customers, just keep trusting crypto exchanges under criminal investigation.
AND
Shocking how this is announced at the same time as @SBF_FTX arrest. Coincidence?
Who Bought $1.6B in Bitcoin Wednesday, and Why?
It’s an eerie coincidence that a trade of this size happened on exchanges with ties to Chinese customers during a week beset by that country’s capital market woes.
Then
Billionaire Ken Griffin sues IRS and Treasury dept. for breach of privacy after disclosure of tax records – WSJ
Senator Merkley Introduces Legislation to Ban Hedge Fund Ownership of Residential Housing
Wall Street control of large portions of housing markets across America drives up rents, limits homeownership opportunities
also….
ELON MUSK: Trump didn’t break Twitter rules but they banned him anyway.
This is the bottom
Twitter just disbanded its “Trust and Safety” council composed of civil society groups – Wall Street Journal
Meanwhile, a former top Twitter official fled his home amid attacks following Musk tweets
Multiple Twitter employees installed SPYWARE on their work laptops at the request of ‘external organisations’.
Everybody Sing . . .
Tomer Strolight
“50 ways to Pull a Ponzi”
You just pull out the rug, Doug
Make a new scam, Sam
Wear Gucci and sound smart, Heart
And print tokens for free
Start a new DEX, Lex
Make some new trick, Vitalik
Get your customers’ key, CZ
And print tokens for free” /