Finally, the Democrats dirty baseball has come to light.
The sad part is the in doing so it has financially crippled many innocent Americans, myself included.
I had some ETH in a wallet with Block Fi and as soon as the news broke I found my coins frozen and now that the company is in bankruptcy the odds of me getting my money back is slim to none.
At least this scumbag got indicted …
The Gateway Pundit reported:
The court filing of the SEC’s case against Sam Bankman-Fried (SBF) was released this morning. Attached and below is the filing with some initial observations.
Bob Bishop shared these observations with TGP this morning and on Twitter.
Bankman-Fried Indictment.pdf – Google Drive
The complaint is 28 pages long.
(1 of 9) Summary of Security Exchange Commission indictment of Samuel Bankman-Fried's scheme to defraud investors. Click on the link to download the full indictment.https://t.co/OnUWMK4BSA@ASavageNation @mike_maloney @elonmusk @TuckerCarlson
— Bob Bishop – Forensic Investigator (@BobBish40288847) December 13, 2022
(3 of 9) FTX used yield farming to induce investors to deposit funds and cryptocurrencies. pic.twitter.com/C6TYugexXX
— Bob Bishop – Forensic Investigator (@BobBish40288847) December 13, 2022
Bankman-Fried made numerous false claims that, even though he owned 90% of Alameda, he was not the ultimate decision-maker. In addition, FTX customer funds were comingled in Alameda, and the loan to Alameda was hidden on FTX’s balance sheet using an internal account labeled “[email protected].”
(Hint: never comingle funds)
(5 of 9) FTX customer funds were comingled in Alameda, and the loan to Alameda was hidden on FTX's balance sheet using an internal account labeled "[email protected]." pic.twitter.com/AjbExkVJff
— Bob Bishop – Forensic Investigator (@BobBish40288847) December 13, 2022
The auditors of FTX appear to have some serious problems. National accounting firms Armanino and Prager Metis failed to document the FTX multi-billion loans to Alameda in the audited financial statements. They also missed related party transactions with FTX Executives. Massive audit failure.
(Bob Bishop is a retired auditor, he should know.)
READ THE REST AT THE GATEWAY PUNDIT HERE
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