Cryptocurrency Billionaire Broke The Bank for Dems – IOTW Report

Cryptocurrency Billionaire Broke The Bank for Dems

NYPost – Miranda Devine

Amid all the jubilation and gloating by Joe Biden, Chuck Schumer and pals over the Democrats’ better-than-expected showing in the midterms comes a disturbing story that may explain something about how they won such a curious election.

Biden’s second-biggest donor, cryptocurrency billionaire wunderkind Sam Bankman-Fried, a k a SBF, saw his business file for bankruptcy days after the election, but not before pumping $40 million into the Democratic Party to spend on “get-out-the-vote” and other shadowy ballot-harvesting mechanics for the midterms.

The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020.

SBF’s mother, Stanford law professor Barbara Fried, also is co-founder of left-wing political action committee Mind The Gap, which has raised a reported $140 million to help Democrats win elections through the same “get-out-the-vote” grift.

A more unlikely billionaire you could not find — and of course his money was built on thin air. A math genius with poor social skills, SBF reportedly lived in a “polycule” — a polyamorous relationship with multiple people — in a luxury penthouse with about 10 co-workers in the tax haven of the Bahamas, where his collapsed crypto exchange FTX was headquartered.

Otherwise, he was sleeping on beanbags in his office, eating vegan fries and, according to his own Twitter feed, popping amphetamines and sleeping pills to regulate his chaotic sleeping habits.

Now Reuters is reporting that between $1 billion and $2 billion of customer funds have vanished from FTX, conveniently after the Democrats safely spent his money.

At last report, SBF and his mysterious co-founder, Gary Wang, were being held “under supervision” by Bahamian authorities after reportedly planning to flee to Dubai, according to fintech publication Cointelegraph.

It is a stunning fall to earth. The financial media and big investors have feted the young billionaire as a saint who shunned earthly pleasures like Lamborghinis and Rolexes, but lived only to give away all his money and make the world a better place.

He was the most famous millennial adherent of a cult known as “Effective Altruism,” which originated at Oxford University, found fertile ground in Silicon Valley — and now has gone down in flames along with him.

EA is a disguised form of socialism, because all the “good” that is done just happens to match up perfectly with the left’s obsessions, whether climate change, social justice, equity, banning meat or his favorite, “pandemic preparedness.” more

13 Comments on Cryptocurrency Billionaire Broke The Bank for Dems

  1. Money talks.
    And it screams when people have it stolen from them.
    This could be interesting as people start looking to where their money went. This will be very difficult for the dems and their media allies to sweep under the rug.

    11
  2. Anthony Scaramucci’s name should be included in the Post, but do not worry. The corrections are coming. They know who did it too. He said it in his posts. He was gonna LIQUIDATE a party.

    Remember?

    I bet they got his name and number for the record.

    I bet they do.

  3. This story is off the hook. You couldn’t write this shit for a who dunnit. Matt Bracken is reporting the three top officers in this thing died in a plane crash, ON EPSTIEN ISLAND. WTF? Now, Zelensky wants peace talks with the Ruskies. No use playen if there’s no money. ANd supposedly the big guy was getting a shit ton more than 10%. Could all be bull shit. IDK. Certainly no one will ever be charged.

    10
  4. The U.S. taxpayers throw billions to Ukraine, where it’s laundered. The jerk then donates it to the Dems. Effectively forcing everyone to pay for the Dem reelections. Plus, the Dems skim some for themselves.

    14
  5. the Democrats’ better-than-expected showing in the midterms comes a disturbing story that may explain something about how they won such a curious election

    What a sweet, summer, story, child.

    (Because, obviously, if nobody had looted billions, Columbia would have surrendered. Hoped Americans would give them, all, amnesty. And whoever hired Miranda would have paid her to tell that story, instead.)

    2
  6. ********ALERT****MISSING****FOUND****NOTICE++++ALERT********
    **//** IF YOU OR A LOVED ONE FILED A MISSING PERSON
    **//** REPORT. YOU MAY PICKUP YOUR ITEM WHICH IS LOCATED
    **//** IN THE ICE CREAM SOCIAL WING SHORTLY
    **//** YOU ARE WELCOME
    **//** AND THANK YOU FOR YOUR COOPERATION
    ********END****OF****ALERT****ALERT****ALERT********

  7. “…there’s no tellin’ where the money went.”

    And it will stay that way. No one went to jail over the holographic enrichment of the real estate and bank crises of the late 2000’s either.

    2
  8. The Bushes never went to jail over the
    S & L crimes of the 80’s. I lost alot of $$$.
    Would come in handy today……
    Relax,only conservatives go to prison.

    2

Comments are closed.