Call Me Stormy

Finding righteous currents in turbulent times

Archive for the tag “ponzi scheme”

Did He Get Away With It?

Harry Robinson, co-host of The Podcast of the Lotus Eaters, says disgraced FTX CEO Sam Bankman-Fried’s contrition for his faux-crypto company’s woes, followed by an apology tour, appears to be working in his favor.

And, of course, the corrupt media is falling into line, too. Then there’s U.S. Rep. Maxine Waters, chair of the House committee investigating FTX, where the likelihood of any real probe is unlikely. So, could it be the stars are aligning for Bankman-Fried? Is he really getting away with this disgusting crime? Robinson and his sidekick, Stelios Panagiotou, discuss the possibilities.




Survival Of The Sh-ttest

Con artistry and “better living through chemistry.” I base this video around the spectacular FTX crash and Kanye’s trainer Harley Pasternak, but it’s about something more. From Amazing Polly.

Athletes Sued Over FTX Fraud

NFL quarterback Tom Brady and Shark Tank host Kevin O’Leary are among the celebrities named in a class-action lawsuit filed in Miami, Florida. The celebrities all had endorsed FTX, a cryptocurrency firm whose multi-billion dollar bankruptcy has sent shock waves rippling across the globe.

Current estimates are that FTX lost at least $11 billion, although some analysts believe the final tally could be as much as four to five times higher. Coinbase CEO Brian Armstrong wonders how everyone was fooled.

Edwin Garrison of Oklahoma and other FTX investors filed the lawsuit against the celebrities. Those named include not only Brady and O’Leary, but also NBA stars Stephen Curry, Shaquille O’Neal and Udonis Haslem, the Golden State Warriors, high-fashion model Gisele Bundchen, MLB’s Shohei Ohtani and David “Big Papi” Ortiz, and No. 1 women’s rated tennis player Naomi Osaka, as well as the comedian Larry David. More from Robert Gouveia, Esquire.

Cryptocurrency expert Marty Bent describes FTX’s scandal in an interview with Glenn Beck. “Sam Bankman-Fried [SBF]… a wunderkind, that is going to be the next trillionaire and it seems that he was just running a big fraud Ponzi scheme in the literal sense for many years. I’ve been suspicious of SBF and FTX specifically for a bit over a year… Their whole origin story is a bit odd and that starts with Alameda, the trading company. Then FTX spun out of that.”

He continues, “…exchanges will launch what they call an exchange token by Binance has BNB, FTX has FTT… they premine a token… they’ll release that to their users and their users can buy that token… they’ll only release a certain amount to market to freely float and then the hold the rest so they’re able to inflate the value of those tokens pretty easily with some spoof trading… that is what FTX did…” More from Red Voice Media.

Economist Nouriel Roubini has denounced the cryptocurrency market as an “ecosystem that is totally corrupt,” and described some of its big players as “con men” after a major exchange collapse. Speaking at Abu Dhabi Finance Week, he criticized Binance CEO Changpeng Zhao, known as CZ, and called for his crypto exchange to become the subject of careful scrutiny from regulators.

There were “seven Cs of crypto: Concealed, corrupt, crooks, criminals, con men, carnival barkers, and finally, CZ,” Roubini said at a panel hosted by CNBC. Roubini, a New York University professor and chief executive of Roubini Macro Associates, came to prominence after predicting the financial crisis of 2008-09. Wall Street dubbed him ‘Doctor Doom.’

FTX Explained In 99 Seconds

The collapse of Sam Bankman-Fried’s FTX/Alameda empire has been swift and spectacular. I could talk about it for hours. But there’s no time for that. Here’s a mountain of crypto-fraud mayhem crammed into 99 seconds. More from Nobody Special Finance.

Now, if you have a bit more time — about 20 minutes — you can watch this second video that dives into more detail on this sordid scandal. Learn about Sam Bankman-Fried’s connections, not only with heavyweight politicians but also with financial leaders, including Gary Gensler, the chairman of the U.S. Securities and Exchange Commission.

Are these connections the reason Bankman-Fried hasn’t had his ass hauled into jail? After all, the Biden administration FBI can raid Donald Trump’s Mar-A-Lago home, but these agents lack the energy or focus to arrest a fraudster who ripped billions of dollars off American investors in a ponzi scheme rivaling that of Bernie Madoff?

Even if you don’t have 20 minutes, you should catch Barstool Sports’ founder David Portnoy’s tirade near the opening of this video. It’s a mouthful! More from Classic Kev.

More evidence surfaces that FTX Founder Sam Bankman-Fried may have been using customer funds to support Democrats across the country. Balaji Srinivasin assembles the data. In 2020, the vegan SBF was the second largest donor to the campaigns of Joe Biden and other Democrats. Only George Soros ponied up more lavish outlays to the leftist rats.

Robert Gouveia provides the breakdowns, concluding that SBF and his FTX Foundation might have donated as much as $190 million to politicians, leaf-leaning non-profits, think tanks, academics, journalists and assorted riffraff. Gouveia draws heavily upon rabbit-hole research done by Genco Capital. who tweeted “When you realize that SBF was likely a left-wing agent, it all makes sense as to why SEC Chair Gary Gensler was working with SBF to obtain a ‘regulatory monopoly.’ Makes sense why Gensler has been going after Coinbase – FTX’s competitor. Gensler was finance chair for [Hillary] Clinton.”

Bahamas Rounds Up FTX Execs

FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas, where they are now all “under supervision” by the local authorities. What’s not clear? The current location of Dan Friedberg, the company’s chief regulatory officer. Who’s Friedberg?

He was the guy responsible for a 2008 online betting scandal involving the theft of $50 million in bettors’ funds, using “god mode.” He installed a back door in the system and was caught on camera saying as much. He never went to jail and somehow ended up at FTX, where billions are now gone.

Here, he admits to how easy it is to create counterfeit money. This is an interview where he explains how FTX basically stole Nucoin, which is a NuGenesis blockchain currency. Nugenesis is a blockchain run by AI. Very smart. The AI caught FTX stealing Nucoins’ value, so the company’s executives confronted Friedberg about it. More from NuGenesis.

Here is an interview conducted between Hedgeye TV CEO Keith McCullough and veteran investor Marc Cohodes, who was among the first to blow the whistle and expose the shenanigans surrounding FTX. Cohodes clearly delineates SBF as a crook and says the CEO, along with his lieutenants, ran a “massive, money laundering, ponzi scheme fraud with a crypto wrapper.”

Cohodes says he presented these facts to Bloomberg News in July, but they passed on covering the story, saying it would take too long to research. No doubt, they also would have had to run loggerheads with their leftist political allies!

Here, Cohodes calls for Friedberg to be brought in for questioning, saying he could well be the mastermind behind what’s happened at FTX. Cohodes also discusses Silvergate Bank, the La Jolla, California-based bank that held the reserves of FTX. The bank saw its stock — SI — lose nearly 12 percent of its value Thursday on the New York Stock Exchange. Look for continuing losses for financial institutions, especially those that are closely tied to cryptocurrencies.

Cohodes is a legendary short-seller who got involved the hard way — he invested tons of his own money as well as convinced family and friends to invest in Data Access Systems, a fraudulent company that went belly-up. He says he’d love to run the U.S. Securities and Exchange Commission (SEC) — even just for a year or two — to “clean up lots of frauds that are out there.”

Following the collapse of FTX, several other cryptocurrency exchanges teetered on the brink and wrestled with financial instability and possible insolvency. BlockFi has declared bankruptcy and the largest cryptocurrency platform, the Gemini Exchange, run by the Winklevoss Twins, suffered a $563 million rush in outflows on Wednesday vs. $78 million in inflows over the same 24-hour period.

Gemini did not dissolve but took supposedly “temporary” steps to limit customers’ ability to withdraw their funds. You might remember the Winklevoss twins, Cameron and Tyler, from their monumental battle with Mark Zuckerberg over Facebook.

Also on the chopping block: The Salt Lending platform. Again, it has not declared bankruptcy, but has halted withdrawals.”The collapse of FTX has impacted our business,” SALT CEO Shawn Owen said.”Until we are able to determine the extent of this impact with specific details that we feel confident are factually accurate, we have paused deposits and withdrawals on the SALT platform effective immediately.”

Here, Scott Shafer addresses the continuing financial fallout while also addressing rumors of drug-filled sexual romps and an explicit video that could be released later today.

FTX CEO Captured In Bahamas

Democrat Party has been using Ukraine aid money to fund midterm races using FTX as a money laundering front. The total amount laundered was at least 40 million dollars. Meanwhile, the fugitive CEO of FTX, Sam Bankman-Fried, has been captured and detained in the Bahamas. More from Owen Shroyer, host at InfoWars, with a guest appearance by Mike Adams.

Here, Clif High joins Bix Weir on the Road to Roota to help humanity steer through the near-term chaos. The ponzi scheme surrounding FTX was elaborate and diabolical. The corrupt Democrats didn’t care because they gained currency through FTX, enough funding to run their dirty 2022 campaigns. But many investors saw their fortunes evaporate overnight.

Weir and High have a simple message to share: “Hang on tight!” We’re going to see some rapid-fire financial collapses that will happen rapidly. Many will be burned!

High believes we could see another Great Depression like the one that happened in the 1930s. This colossal failure in cryptocurrencies is akin to the bond market crash that precipitated the Depression. High expects the worst of the upheaval to become evident by mid-December. And he foresees it could take us six years to dig out of the collapse.

The FTX Superscandal

Naturally, not covered by the legacy media. More from Styxhexenhammer666.

Gen Z Soros

Democrats just lost their second biggest donor as his Ponzi scheme blew up. More from The Salty Cracker.

Giving you a rundown on the whole FTX crypto exchange financial drama as well as covering the rather insidious and bigger story about FTX that mainstream media won’t touch. More from Really Graceful.

Great Awakening Ramping Up

J. Reid reports that the Great Awakening is ramping up, especially on the military front. His sources tell him the military has been deployed throughout the country under the guise of training exercises and the National Guard has moved to the border, armed with live ammunition and arrest powers.

On the international front, Reid says to watch the DUMBS. He says USGA earthquake activity has intensified and 75 percent of the tunnels have been cleared worldwide. He says the energy crisis is basically a Ponzi scheme to enrich the Cabal. “We have 25 to 30 years of oil, even if we quit making it, producing it, refining it right now.” He explains further, plus reports on more intel.




FBI Whistleblowers: Plants?

Trump set the stage and flipped the script on the [Deep State]. Were the FBI whistleblowers plants? Did they feed the [Deep State] information so they would raid Mar-a-Lago? The [Deep State] is now working out of fear. The patriots have all the leverage and when the time is right the information will be declassified to bypass the fake news. Those who took documents that do not have clearance have committed espionage.More from the X22 Report.




Post Navigation