Sam Bankman-Fried was set to testify before Congress on Tuesday, but before he could appear, he was arrested in the Bahamas. Not surprisingly, most of the charges he’s facing involve allegations of fraud related to the collapse of FTX, his crypto-trading platform. But a federal indictment unveiled Tuesday also accuses SBF—a prolific political donor who cultivated relationships with politicians and policymakers—of campaign finance violations.
The FTX Collapse Is Also a Huge Campaign Finance Scandal
Tag: SEC
Tesla’s Promise of a Fully Self-Driving Car Merely an ‘Aspirational Goal,’ Lawyers Say
Tesla’s lawyers argued in a brief filed last month that, even though the company’s CEO promised fully self-driving cars for the last nine years and failed to deliver, no fraud was perpetrated against owners.
Tesla’s Promise of a Fully Self-Driving Car Merely an ‘Aspirational Goal,’ Lawyers Say
H/T: Steve Lehto
Sheila Bair, Former Chair of the FDIC, Is Now an “Organizer/Director” of a Cayman Islands Crypto Company that Got a U.S. National Bank Charter Last Year
On November 17, Sheila Bair, the former Chair of the Federal Deposit Insurance Corporation (FDIC) during the financial crisis of 2008, went on CNBC to lament the lack of controls leading to the collapse of the crypto currency exchange, FTX. During the interview, Bair used the phrase “nobody looking behind the curtain.”
Sheila Bair, Former Chair of the FDIC, Is Now an “Organizer/Director” of a Cayman Islands Crypto Company that Got a U.S. National Bank Charter Last Year
Related (why no one was prosecuted for the financial crisis of 2007–2008 + another comment):
Read More »What Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?
What Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?
Multiple tweets, posted between November 12-15, 2022, claim that Ukraine sent billions of dollars sourced from foreign aid to FTX, which was then sent back to the Democratic party.
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Caught in the tailwinds of the scandal, many onlookers have pointed out the links between FTX and U.S. political parties, particularly the Democrats.
Bankman-Fried’s personal contributions to the Democrats have been public knowledge for some time, and he was the subject of a Politico profile in August 2022 that described him as the “newest megadonor,” but he has also made contributions to Republicans.
He tweeted on November 5, 2022, that he was “a significant donor in both D and R primaries. Supporting constructive candidates across the aisle to prevent pandemics and bring a bipartisan climate to DC. And working with them to support permissionless finance.”
“As part of this, @rsalame7926 [FTX Executive Ryan Salame] and I signed up campaigns to accept crypto; and gave some, including millions to Senate & House Republicans.”
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Earlier this year, it was reported by The Intercept that FTX executive Ryan Salame started American Dream Federal Action, his own super PAC focused solely on electing Republicans, into which he invested millions of dollars.
Salame also contributed to the Republican Senate Leadership Fund and Congressional Leadership Fund. These donations were also reported, as per The Intercept article above, prior to the collapse of FTX.
The underlying implication among the claimants—that the Democratic Party was the sole beneficiary of donations stemming from FTX wealth—is provably false.
Related:
FTX’s SBF has made donations to Republican and Democrat parties
First, if there was any money laundering, both Democrats and Republicans were involved. Second, I don’t believe anything that Hal Turner says because he was an FBI Informant,
If You Thought The FTC Was Going To Fuck Over Elon, Just Wait Until He Learns About The EU
We’ve already pointed out that the new Twitter under Elon Musk may be facing some big challenges from the FTC in the US. The company is under a consent decree, and it’s not clear that Musk is complying with the terms of the consent decree. And unlike SEC violations, violating an FTC consent decree can hurt. Between the FTC and the DOJ, they can make it hurt. The fact that basically all of the remaining Twitter execs whose necks were on the line for potentially violating the FTC consent decree quit at the same time should tell you something (I guarantee it told the FTC something).
If You Thought The FTC Was Going To Fuck Over Elon, Just Wait Until He Learns About The EU
Judge O’Connor Rules that the Boeing 737 MAX Crashes Victims’ Families Represent Protected “Crime Victims” and Can Seek Boeing’s Prosecution
“In sum, but for Boeing’s criminal conspiracy to defraud the FAA, 346 people would not have lost their lives in the crashes.”
Judge O’Connor Rules that the Boeing 737 MAX Crashes Victims’ Families Represent Protected “Crime Victims” and Can Seek Boeing’s Prosecution
H/T: Steve Lehto
US Treasury recommends exploring creation of a digital dollar
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Administration officials say it’d help reinforce the U.S. role as a leader in the world financial system.
US Treasury recommends exploring creation of a digital dollar
H/T: PFYT2
Related:
A digital dollar would allow Americans to directly open up an account at the Fed
And while some have suggested that the Fed could potentially launch a digital dollar on a public network like Ethereum, Luther suspects that it would instead choose to launch on its own dedicated blockchain.
“A public blockchain would limit the government’s ability to control access and monitor transactions. I am not convinced it will give up control and oversight, even if doing so would be in the best interest of society.”
Fed’s Powell: a U.S. digital dollar could help maintain international primacy
The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided.
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Ten countries have already launched central bank digital currencies and another 105 countries are exploring the option, according to the Atlantic Council, leading to fears the dollar could lose some of its dominance to China.
How Wall Street Is Funding The Culture War
The leading right-wing pugilist against “critical race theory” is backed by Wall Street execs whose financial crisis crushed communities of color.
How Wall Street Is Funding The Culture War
If you’re kid is learning critical race theory, congratulations on them getting into law school! 🤡
One Man Has Set Up a $1.6 Billion Slush Fund to Fuel the Radical Right’s Takeover of Congress; Get Ready for a Dirty Tricks Campaign
By Pam Martens and Russ Martens: August 26, 2022
The New York Times dropped a political bombshell on Monday. The public interest website, ProPublica, built further on the story that afternoon. And, as luck would have it, Wall Street On Parade finds itself in the unique position of filling in missing pieces of the story thanks to an investigative report we published in 2010.
One Man Has Set Up a $1.6 Billion Slush Fund to Fuel the Radical Right’s Takeover of Congress; Get Ready for a Dirty Tricks Campaign
Nancy Pelosi Visit to Taiwan Backfired….Asia Pacific Wants China!
Sep 3, 2022 – The world is watching Taiwan and now a month after Nancy Pelosi’s visit to Taiwan we are starting to see Asia Pacific countries speak out for peace and hope there is no conflict. In today’s video I document how the US foreign policy is too emotional and lacks strategic direction, both of which will result in a more dangerous and chaotic world.
Nancy Pelosi Visit to Taiwan Backfired….Asia Pacific Wants China! via Cyrus Janssen
Cyrus brings up Paul Pelosi Jr but he doesn’t mention which mining companies that Jr invested in. A quick search shows which mining companies and that he was also involved with a few other companies.
Related:
Ms. Cat’s Chronicles 
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