Crime

Indicted FTX founder Sam Bankman-Fried used customer cash from sister firm Alameda Research to invest $200 million in two separate companies, according to a report.

One of Bankman-Fried’s investments went toward the banking app Dave, which disclosed a $100 million windfall last March that purportedly came from FTX Ventures, CNBC reported on Wednesday.

The other $100 million investment backed Mysten Labs, a Web3 firm focused on digital infrastructure, according to the business network.

It looks worse every day, now he has been caught lying about the source of funds for these two “investments.” He is scheduled to make a plea Jan 3. I have no idea which way he will go, but he seems “entitled” enough to claim innocence.

NEW YORK, Dec 28 (Reuters) – Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at his failed FTX cryptocurrency exchange.

The 30-year-old is expected to be arraigned on the afternoon of Jan. 3, 2023, before U.S. District Judge Lewis Kaplan in Manhattan federal court, court records on Wednesday showed.

Sam Bankman-Fried hires top private investigator who worked for Ghislaine Maxwell

Disgraced crypto boss Sam Bankman-Fried has hired a top private investigator who friends have dubbed a ‘real hound dog’ because he is so relentless.

Bankman-Fried was seen being escorted out of court in New York after being freed on $250million bail by Jimmy Harkins, DailyMail.com can reveal.

Harkins is a highly-decorated former NYPD detective who has previously worked for Calvin Klein, John Gotti Jr and played a cop in the Martin Scorcese film The Irishman

Hiring a PI does not suggest he’s entering a guilty plea.

But then there’s this, some are asking why Sammy wasn’t banned from internet access as part of his bail conditions…

Alameda Wallets Suddenly Become Active Day After SBF’s Bail-‘Out’

The crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, were seen transferring out funds just days after the former CEO Sam Bankman Fried was released on a $250 million bond.

Beyond the seemingly ready-made crypto-strangling legislation that Senator Liz Warren (D-MA) and other Constitution-flouters pushed within days of the Nov. 11 FTX bankruptcy announcement, one of the most curious and disturbing facets of the Ukraine-tied, media-adored, and now-collapsed crypto-currency exchange has just come to light.

On December 22, Politico’s Ryan Lizza, Rachael Bade, and Eugene Daniels reported that a close ally and adviser to FTX founder Sam Bankman-Fried (“SBF”) was part of a direct backchannel communications portal with leftist activists and…the White House.

And, curiously, the members of that FTX-White-House-Leftist-Activist portal appear to have shut it down the day after FTX filed for bankruptcy.

Makes sense given Mommy’s links to the DNC.

Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last month.

The Department of Justice has launched a criminal probe into the stolen assets that is separate from the fraud case against FTX co-founder Sam Bankman-Fried, according to a person familiar with the case. US authorities have managed to freeze some of the stolen funds, the person confirmed. However the frozen assets only represent a fraction of the entire loot.

Are Mom & Dad really paying the tab?

Sam Bankman-Fried’s family pays $10K a week for armed security, sources say

PALO ALTO, Calif. — Amid death threats and sudden global infamy, accused FTX fraudster Sam Bankman-Fried and his parents have turned their posh Stanford home into a heavily guarded fortress.

The family is shelling out roughly $10,000 a week to have a private Bay Area security firm patrol the leafy, 3,000-square-foot residence with several armed guards working around the clock, sources told The Post.

ALAMEDA, Calif. — Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system.

But now that the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Justice Department are prosecuting the 30-year-old for fraud, the extensive professional relationships he cultivated with current and former federal regulators risk embarrassment for all involved.

As CEO of FTX, a crypto exchange, Bankman-Fried hired multiple former federal regulators who helped connect him with top officials at the CFTC, the agency he hoped would be charged with regulating his industry, emails show.