SBF Used ESG to Further FTX Scam Leaving Investors SOL – IOTW Report

SBF Used ESG to Further FTX Scam Leaving Investors SOL

Fox Business

FTX Founder Sam Bankman-Fried manipulated ESG and woke culture to help his now-bankrupt crypto firm avoid scrutiny from regulators and gain credibility with investors, a venture capitalist told Fox News. 

ESG — environmental, social and governance — is a framework that investors use to score businesses on factors like the diversity of employees, how much pollution the firm creates or how many members sit on the board. Sam Bankman-Fried claimed that FTX would be carbon neutral by the end of the year and said the firm would help build solar projects for communities in the Amazon, all before his company filed for bankruptcy earlier this month.

“So in this case, SBF, who was running FTX, he knew that if he virtue-signaled, if he gave lots of money to causes Democrats cared about, if he became the big donor on the left, became the darling of the media companies to which you donated, he would kind of get this warm virtue-signaling glow,” Joe Lonsdale, a venture capitalist and Palantir co-founder, told Fox News. More

On the bright side, perhaps this will spell the end of ESG. Here

8 Comments on SBF Used ESG to Further FTX Scam Leaving Investors SOL

  1. I want to see this fucker buried in a jail longer than Brtiney Griner but the Demos will give him Janet Yellen’s Job in a few years.

    Technically, he has destroyed less wealth than her & Joey Shitpants.

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  2. Kind of funny they’re all turning up dead except for this guy. He must be well documented.

    I figure he has a kill switch attached to numerous incriminating files that would destroy the democrat party if they happened to be dumped on Wikileaks and other reliable information outlets. – Dr. Tar

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  3. As long as he didn’t Loose any of the Wrong peoples money.

    He seems to be running around saying “Oops, I did It by Mistake and Its kinda almost My Fault a bit.” He is publicly going out of his way to NOT Imply that Politicians were NOT INVOLVED in the Skim which we all know is complete bullshit.

    If he gives up names of political Democrats then he’s going to get Arkancided.

    This is a lot like the Canadian “WE Charity Scandal” but on a HUGE SCALE but using Crypto rather than claiming it was a charity from the start. None of them went to jail & they were Paying Turdeau’s Mommy, Wife & Brother Directly for speaking engagements. That charity ultimately funnelled money back to the Liberal Party Of Canuckistan and getting Government contracts to rent buildings that they bought with charity money which were held by the Brothers Other companies.

    As I have said before, they are trying different things up here and In Australia to see how they might play out in the USA.

    This brings up another point. I wonder how many Ukranian Oligarchs, drug narcotraffickers and shady intel officers have sent out hit teams for this scammer. – Dr. Tar

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  4. You know what else is weird?
    Mad Dog Mattis got Hood Winked is what is being heard.
    Crypto Cuties with Big Smiles and Big Metal-Silicone Chest Ribbons.
    It is funnier when you hear it was heard while watching commercials on TV for another General who happens to be a Banker too. This other General has a thing for Big Chest Ribbon commercial presenters. He has hired all three of them in every ad for mortgages and homebuyers in need.

    Is it or is it not funny
    That Four-Star Generals pushing Crypto or any Banking Business making Money of one form factor or another . . .
    Cannot answer a simple question.

    What is a BitCoin.

    They do not know and will baffle you with their bull about it being just like money and take hours and hours to do it.

    A I can answer it in 1 sentence.
    B No one else has even tried. What’s up with that?

  5. There isn’t any sincerity whatsoever in any follower of the progressive movement when it comes to altruism. They are absolutely and totally incapable of any action that is not motivated by ultimately advancing their own agenda. Any good that actually comes from anything they do is an unintended consequence.

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