Court Docs: Bankman-Fried Directed Alameda CEO, Girlfriend to Raid FTX Customer Funds – IOTW Report

Court Docs: Bankman-Fried Directed Alameda CEO, Girlfriend to Raid FTX Customer Funds

National File:
Sam Bankman-Fried (SBF), directed his former girlfriend, who was also the CEO of his Alameda Research firm, to steal customer funds from the FTX cryptocurrency exchange, unsealed criminal court documents have revealed. A major political donor to both American parties, SBF and his Alameda cohorts funneled millions of corrupt dollars into the 2022 midterms, including money that GOP establishment leader Kevin McCarthy used to sabotage America First campaigns and prop up his loyalists.

Caroline Ellison, the former girlfriend of disgraced crypto mogul and uni-party bag man Sam Bankman-Fried, reached a deal with prosecutors, pleading guilty to seven charges of fraud and facing only financial penalties, thanks to her willingness to work with the authorities against SBF.

The former CEO of SBF’s crypto trading firm, Alameda Research, a separate entity from the FTX exchange, Ellison revealed in recently unsealed court documents that the firm was propped up with the stolen money of FTX customers, whose investments were stolen right out from under them.

“From 2019 to 2022, I was aware that Alameda was provided access to a borrowing facility on FTX.com, the cryptocurrency exchange run by Mr. Bankman-Fried,” Ellison says, according to court documents published by the Inner City Press. MORE

9 Comments on Court Docs: Bankman-Fried Directed Alameda CEO, Girlfriend to Raid FTX Customer Funds

  1. “Among those dogged the most by the FTX scandal has been GOP establishment leader Kevin McCarthy…”

    Well, yeah, because democrats don’t care about corruption, as long as it furthers their agenda.

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  2. … unsuspecting investors, who later lost everything…? I’m sorry, but if you’re stupid enough to invest in obvious scams like this, you deserve to be poor for the rest of your life. You were just as greedy as the crooks that ruined you.

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  3. What a farcical example of the unequal, rigged, dishonest, so-called Justice System under the Obiden/Garland Department of Justice. If this female fraudster, who was involved in a colossal money laundering and political purchasing scheme is not facing time in a Federal Wine and Cheese Pairing Facility, what does this portend for the ridiculous, incompetent mastermind when he comes up for a quick plea deal? SBF will get a plea deal that protects the Politicians he bought off, and get out in less time than he spent running this farcical fraud. He’s never going to testify about anything that would embarrass his political pals. Oh, that’s right, SBF got the largest Bond ($250 million) in US history, but it was actually only secured by a heavily mortgaged home owned by his Shyster Parents. His Prosecutors are just waiting for the heat to die down before he cops a plea.

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  4. This mess reminds me of a story told by a friend who had recently relocated to the suburbs of S.F. for his job. Unused to the local driving habits of that area (and presumably where the term “California Stop” originated), he described his commute where one morning he encountered a T-bone car wreck at an intersection. The parties to the crash were yelling and screaming at each other that the other was the cause, because, “That was MY red light!!”

    Oh, and Kevin McCarthy should, at a bare minimum, be disqualified from seeking the Speaker’s position over his involvement with this.

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  5. So, what’s his punishment? Some how I think his mother and him think he’s going to walk and live happily ever after. His ex is going to take all the heat and punishment for their dirty deeds. Dumb as rocks, yet they pulled it off. Democrats are ecstatic, and no talk of paying investors back or giving back the stolen money.

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  6. Trust me on this:
    This is yet another example of Democrat and establishment Republican politicians seeing just how much they can get away with.
    The CIA was enabling, if not actively involved in it.

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  7. Isn’t it ironic how it was posted here after his initial Bahama arrest . . .
    That it had already gone the their Supreme Court and had arguments and everything within 3 days.
    And you were told then that there were 7 seats up for sale, err, I mean Bid.

    And remember whom from what banks here full of sharks was bidding feverishly, yet quietly, for one or more of those seats.

    Don’t you remember?
    It was very transparent to Fortune Tellers at the time.

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  8. A few things:

    SBF DID NOT ACT ALONE.

    The whole group of them were using AMPHETAMINES like Adderoll. (Ellison’s words)

    ELLISON was VERY WILLING and banging a few of them while this was happening.

    CO-CEO of Alemeda SAM TRABUCCO fucked off in August. He bailed early and NOW there are reports that quite a bit of money was actually stolen from FTX, not just co-mingled & Borrowed. As of Yesterday, they still have not found this guy.
    (Rumour is Cold Wallets were emptied Before the failure)

    I want to see Her & SBF’s Parents all go away for a very long time as well as the entire board. They helped FUCK an entire Election Cycle & your entire country.

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