In terms of big-time corruption, stealing and dishonest, Massachusetts has lengthy competed manner above its weight class.
And now now we have Sam Bankman-Fried and his FTX crypto-currency chapter.
How Massachusetts is it?
Nicely, this unfolding multi-billion-dollar scandal options, amongst different native Lovely Folks and woke establishments, MIT, Harvard, the second largest Democrat fats cat (after George Soros), the faux Indian, Tom Brady, Huge Papi, Newton North Excessive Faculty, a number of hyphenated final names and that’s only for starters.
In actual fact, this may very well be the most important Massachusetts-connected fraud scheme since Charles Ponzi opened his first workplace on Faculty Road again in the summertime of 1919.
If you happen to’re not into cryptocurrency, you is probably not carefully following the Chapt. 11 chapter of FTX, which was run by a matted 30-year-old fats slob named Sam Bankman-Fried, now higher identified on-line as “Rip-off Bankrun-Fraud.”
Earlier than the mid-term elections, SBF was supposedly value upwards of $16 billion. After funneling $5 million to Joe Biden in 2020, he virtue-signaled that in 2024 he would donate $1 billion to the Democrats’ basic transformation of America.
Now that the mid-terms are over, and his checks to Democrat tremendous PACs for $40 million have cleared, SBF could also be in for his personal basic transformation, a la Michael Avenatti and the late Bernie Madoff and Jeffrey Epstein, amongst different Democrat immortals
The brand new court-appointed CEO of FTX is a $1300-an-hour lawyer named John Ray III, who earlier supervised the dissolution of Enron. So he is aware of one thing about monetary scams. That is what Ray instructed the chapter decide about this newest made-in-Massachusetts rip-off:
“By no means in my profession have I seen such a whole failure of company controls and such a whole absence of reliable monetary info as occurred right here… Within the fingers of a really small group of inexperienced, unsophisticated and doubtlessly compromised people, this example is unprecedented.”
Ray instructed the court docket that the crypto property held by FTX Worldwide Change as of Sept. 30 have been $659,000 – not the $5.5 billion SBF was bragging about earlier than the elections.
Listed below are some current headlines from the Wall Road Journal:
“FTX Lawyer Says ‘Substantial Quantity’ of Crypto Agency’s Property Stolen or Lacking.”
“FTX Says High 50 Collectors Are Owed $3.1 Billion.”
“FTX Auditors Double as Crypto Cheerleaders.”
Strive to not let this destroy your religion within the integrity of both greater schooling or the Democrat social gathering, however SBF is the son of two rabidly Democrat professors at Stanford College Legislation Faculty.
His uber-woke mother, Barbara Fried, has three levels from Harvard College. Three! His daddy (the Bankman a part of his final title) went to Yale Legislation. He’s written laws for (and donated large bucks to) the faux Indian.
SBF recruited most of his crew of millennial marauders from MIT, the place he went to varsity. Others got here from Constancy and UMass. His someday girlfriend and closest affiliate is a 28-year-old girl named Caroline Ellison. Each of her mother and father are professors at… MIT!
Earlier than the gorgeous Caroline went to Stanford as an undergraduate, she graduated from that incubator of trust-fund youngsters, Newton North Excessive Faculty.
For these of you attempting to maintain rating on this newest Democrat scandal at dwelling, Newton North is the alma mater of Jake Auchincloss, now the boy Congressman from the Newton-Brookline district, earlier than he was accepted at Harvard.
Based on campaign-finance reviews, Rep. Auchincloss has collected $11,600 from varied entities linked to the FTX cabal.
How a lot of a Lovely Individual is Auchincloss? Nicely, his daddy is Dr. Hugh Auchincloss, a really shut affiliate of Dr. Anthony Fauci on the Nationwide Institute of Well being. The outdated man was not too long ago featured in a current Wall Road Journal expose headlined: “As Covid Hit, Washington Officers Traded Shares With Beautiful Timing.”
It’s nice to be a Democrat, isn’t it?
Given his background, to not point out his exemplary service to The Celebration, Rip-off Bankrun-Fraud bought one slobbering puff piece after one other from state-run media. Even after his firm’s post-midterm collapse, the New York Instances tried to again cease the Democrat-of-the-Yr by sending one other hyphenated-name to fluff him up.
Sam Bankman-Fried, interviewed by one David Yaffe-Bellany. Doesn’t it sound like one thing out of the Babylon Bee?
The Instances, the truth is, worships SBF so fervently that they booked him right into a $2499-a-head Lovely Folks convention in Manhattan later this month together with two extra Deep State deities, Volodymyr Zelenskyy of Ukraine proxy struggle fame and Janet Yellen, from Berkeley, the place Prof. Bankman bought his undergraduate diploma.
Past the large greed heads SBF took to the cleaners – Sequoia Capital wrote its $210 million funding all the way down to zero — a minimum of 1,000,000 smaller buyers could now be left holding the bag.
Little question a lot of them have been sucked in by the FTX advertisements or puff items on TV and social media involving the likes of Tom Brady, his then-wife Giselle Bundchen, NBA star Steph Curry and David Ortiz, amongst so many others. Larry David (he has a spot on Martha’s Winery, naturally) made a Tremendous Bowl advert.
Invoice Clinton and Tony Blair have been paid to fly to the Bahamas, the place SBF squandered tens of millions on luxurious actual property and didn’t have to fret about not-very-onerous laws within the US. (The chairman of the SEC is Gary Gensler, who used to show at MIT with… Caroline Ellison’s father. It’s a small world, isn’t it, and it’s even smaller if the one individuals you hang around with are from Massachusetts.)
In April, SBF did an interview with Bloomberg, wherein he tried to elucidate what’s now broadly thought to be his grift. The reporter was shocked, and instructed him, “Nicely, you’re identical to, properly, I’m within the Ponzi enterprise and it’s fairly good.”
To which the lardy limousine liberal replied: “I believe that’s a reasonably cheap response.”
The primary Ponzi, in fact, had a protection for his… Ponzi scheme. As he instructed a reporter on the finish of his life about his crimes in Massachusetts:
“I gave them the very best present that was ever staged of their territory for the reason that touchdown of the Pilgrims.”
This one goes to be a superb present too. Sadly, you’ll be studying and listening to subsequent to nothing about it, as a result of all people blended up on this alleged Ponzi scheme is a Democrat.
And being a Democrat means by no means having to say you’re sorry, and even, “Not responsible, Your Honor.”