Nothing really new here. It's a Ponzi scheme but a lot of people fell for the techno bro blockchain, "web3" bullshit. I'm assuming Tom Brady et al (lawsuit filed) weren't stupid enough to invest what they couldn't lose but who knows. That "fiat currency" ain't going away.

I think a love child of SBF and BG would be awesome to behold and watch grow up. Tom Brady and Giselle could be god parents..

quote:

Originally posted by parabellum:

quote:

Originally posted by AITG:
How many bitcoin do you want to bet he gets extradited to some friendly US location where Merrick and his playmates will take a plea that involves a lengthy probation?

Damn, you know what? You're right. We're already fucked. Thanks for saving us from wasting that time and money pursuing justice. Release the man and be done with it.

OK, then. Next?

We have reached a point where it is impossible to be too cynical.

quote:

Originally posted by AITG:
We have reached a point where it is impossible to be too cynical.

You have reached a place where it is possible to be too cynical, and it's called SIGforum.

All the predictions of complete doom- it's boring and that's just for starters.

A law suit has been filed to award restitution against defendants:


Sam Bankman-Fried
Tom Brady
Gisele Bundchen
Stephen Curry
Golden State Warriors
Shaquille O'Neil
Udonis Haslem
David Ortiz
William Trevor Lawrence
Shohei Ontani
Lawrence Gene David (Larry David)
Kevin O'Leary

lawsuit at:

https://www.foxbusiness.com/ma...-bundchen-shaq-curry

The lawsuit seeks to make the defendants responsible for billions in damages

Sam boy used celebrities to pitch FTX

Larry David superbowl commercial:

https://www.youtube.com/watch?v=BH5-rSxilxo

Oh well

$32 BILLION loss. It’s not the SEC and the FedGov guys that he should be worried about.

Who should he be worried about?

Oh, so this thread needs to be locked then?

Keep that stuff out of here. please.

In all seriousness, the quickest way to get this thread locked is to introduce this silly Epstein shit into it.

Apologies boss… I thought the parallels were apparent.

So...Larry David was right all along to be skeptical?

^^^I can't see how Larry David could be a Defendant in that lawsuit considering he never had anything good to say about FTX...He was just being honest!

quote:

Originally posted by nhracecraft:
^^^I can't see how Larry David could be a Defendant in that lawsuit considering he never had anything good to say about FTX...He was just being honest!

Got paid to talk about it on tv and he has money...

Lawyers in these cases look for anyone with funds or assets they can attach.

Be interesting though if they can win in court and attach some form of responsibility to the celebrity who uses their fame to encourage a product, think of the possible suits by hungry civil attorney groups, salivating at the prospect of settled case outcomes and being able to add endorsee's to their prey.

WE could see the end of celebrities in advertising, replaced by actors playing a part or CGI

I suspect the lawyers might be thinking that one or more of the defendants might reveal something useful in return for being dropped from the defendant list.

I would be interested in knowing whether Scam Bankruptcy-Fraud has retained enough loot to be able to afford an effective defense. He may not have stolen enough.

Caroline Ellison tweet from April 2021:

"nothing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is"

https://twitter.com/carolineca.../1379036346300305408

https://www.cnbc.com/2022/11/1...re-of-controls-.html

Newly appointed FTX CEO John Ray III minced no words in a filing with the U.S. Bankruptcy Court for the District of Delaware, declaring that “in his 40 years of legal and restructuring experience,” he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

“The concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals” was unprecedented, the former Enron recovery boss said.

Ray said a “substantial portion” of assets held with FTX may be “missing or stolen,” following widespread reports on social media of the theft of hundreds of millions in cryptocurrencies.

Bankman-Fried and FTX “management practices included the use of an unsecured group email account as the root user to access confidential private keys and critically sensitive data for the FTX Group companies around the world, the absence of daily reconciliation of positions on the blockchain, the use of software to conceal the misuse of customer funds.”

quote:

Originally posted by sdy:
Caroline Ellison tweet from April 2021:

"nothing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is"

https://twitter.com/carolineca.../1379036346300305408

Spoken like a true blue addict…

Dopamine is a hell of a drug, until you run out of it

I'm surprised an investor who lost everything and who has been diagnosed with an incurable condition does follow Bruce Lee's suggestion to "... take a .45 and 'BANG!' settle it."

ENRON, Madoff, and countless other scandals and the only one I know where a key figure died was Ken Lay from ENRON. He coincidentally died at home alone the night before his sentencing, thereby avoiding a conviction that exposed his family wealth.

quote:

Originally posted by architect:
I suspect the lawyers might be thinking that one or more of the defendants might reveal something useful in return for being dropped from the defendant list.

I would be interested in knowing whether Scam Bankruptcy-Fraud has retained enough loot to be able to afford an effective defense. He may not have stolen enough.

He loaned himself 1 billion dollars, but most likely he will spend life in jail rather than reveal where it is hidden. Like Madoff, getting and holding the money is paramount over anything.

^^^^

The new CEO of FTX, John Ray, III, revealed:

Alameda lent Sam boy $ 1 Billion

Alameda lent FTX co-founder Nishad Singh $ 543 million and co-CEO Ryan Salame $ 55 million

Bankman-Fried was living in a penthouse located in a luxury resort in the Bahamas, where FTX was also based. There, corporate FTX funds “were used to purchase homes and other personal items for employees and advisors,” according to bankruptcy filings.

Ray also noted that there is no documentation for transactions and loans regarding these real estate purchases, and that they were recorded in the personal name of employees and advisors.

Bankman-Fried has since put his 12,000-square ft. penthouse in the Bahamas up for sale for nearly $40 million.
the real estate company now says this was a false report

There was concern that $477 million was stolen after the bankruptcy was declared. Turns out it was actually a government asset seizure.

The Securities Commission of the Bahamas has now acknowledged that it was behind the removal of $477 million in crypto assets from the bankrupt exchange on Nov. 12.

“The Securities Commission of the Bahamas, in the exercise of its powers as regulator acting under the authority of an order made by the Supreme Court of the Bahamas, took the action of directing the transfer of all the digital assets of FTX Digital Markets Ltd. to a digital wallet controlled by the commission, for safekeeping,”

the U.S.-based bankruptcy administrators led by John Ray, III, who have taken control of FTX, said in court filings that they had “credible evidence” that officials in the Bahamas had directed FTX founder Sam Bankman-Fried to access FTX’s systems after the Chapter 11 filing, “for the purpose of obtaining digital assets of the debtors.”

The administrators of the Delaware case have accused Bankman-Fried of attempting to undermine their efforts to sort out the mess he left behind by pushing the second bankruptcy case brought by Bahamian officials.

This message has been edited. Last edited by: sdy,