The FTX scam, Sam Bankman-Fried, the Clintons and the Democrats

Kaplan sent SBF to jail last Friday but not an update or peep from crypto twit bros, just more quixotic pump messages for people to get in before it gits hot!!

That judge has got a lot on his plate.

 

FTX founder Bankman-Fried living on bread and water, lawyer says

Sam Bankman-Fried is struggling to prepare for his fraud trial due to a lack of adequate food in prison, the lawyer for the founder of collapsed cryptocurrency exchange FTX says.

The claim came as Mr Bankman-Fried pleaded not guilty to seven criminal charges contained in a new indictment.

His bail was revoked two weeks ago.

At the time the judge said: "There is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice."

The former billionaire's lawyer, Mark Cohen, said a lack of adequate food at Brooklyn's Metropolitan Detention Center was hampering his client's ability to prepare for his trial, which is scheduled to start in October.

Mr Bankman-Fried was "subsisting on bread and water", his lawyer said.


Mr Cohen also said Mr Bankman-Fried had not been provided with the attention deficit hyperactive disorder (ADHD) drug Adderall and that his supply of the medication Emsam to treat depression was running low.

Magistrate Judge Sarah Netburn said she would ask the US Justice Department's Bureau of Prisons, which runs the jail, to address the issues with Mr Bankman-Fried's medication.

She was "reasonably confident" the facility offered vegetarian food, but was not sure whether vegan food was available, Judge Netburn added.

The Bureau of Prisons said inmates had access to "appropriate" healthcare, medicine and hot meals.

During the court hearing in New York on Tuesday he pleaded not guilty to seven criminal charges contained in a new indictment.

Mr Bankman-Fried, who was formerly nicknamed "The King of Crypto", was led into court wearing leg restraints and a beige prison uniform.


It was his first court appearance since his bail was revoked on 11 August.

Mr Bankman-Fried was jailed after sharing the personal writings of his former romantic partner and colleague, Caroline Ellison, with a journalist.

Ms Ellison, who is the former chief executive of Mr Bankman-Fried's trading firm Alameda, has pleaded guilty and agreed to testify against him.

The new indictment charged Mr Bankman-Fried with seven counts of fraud and conspiracy over the collapse of FTX in November 2022.

However, it no longer charges him with conspiring to violate US campaign finance laws.

He pleaded not guilty to the charges.


Mr Bankman-Fried has acknowledged that FTX had inadequate risk management but has denied stealing the funds.

FTX was once the world's second largest cryptocurrency exchange and valued at $32bn (£25bn).

It filed for bankruptcy protection on 11 November, which sent shockwaves through the cryptocurrency market.

https://www.bbc.com/news/business-66589797

 

Husky bro needs to fess up on where he stashed all that stolen money.

 

He won't be husky for long...

 

5 billion the asking price to not get Trump to run...

 

Is it legal though? Ehhh, probably doesn’t matter…

 

waiting on him pulling his funding to the clinton org for not coming out with an condemnation email fast enough

 

¯\_(ツ)_/¯

 

It only took the jury a few hours to find him guilty on all charges.

 

I don't think this dude will do well in prison and he may never get out. The guy could have had it all but decided to cheat and steal and now he can say goodbye to the good life and hello to "you gonna eat that cornbread b****"

 

man needs to know his limitation; he is a stock guy. not a legal scholar.

Cramer pretending that his is a legal scholar is analogous to

• Terry Bradshow / Magic Johnson pretending that they can host a TV talk / entertainment show
• Dr. Phil pretending that he is a private investigator, as he tried to solve the Natalie Halloway disappearance in Aruba
• Geraldo Rivera pretending that he knows about the contents in what was supposed to be Al Capone's vault

​

 

no ur wrong

cramer was right on TSLA, MSFT, AMD, SBUX, and others

 

Yeah I don't get why he double dipped customer funds with Alameda. Michael Lewis's explaination doesn't pass muster, and it was either him, Caroline or the other execs that were gonna take the hit.

Even if ftx tanked during the past crypto winter (that he bailed out to double down and shore up his company's bottom line), he'd still be worth billions if not tens of billions with the absence of deliberate customer fraud. Banks **** around with ethically dubious product offerings all the time but they rarely dip into customer funds/deposits for any kind of bets, let alone risky gambles. Of course, ftx was not a bank...I mean the **** they pulled with the market like juicing and frontrunning Solana would be jail worthy if there were laws and regs covering crypto.

The off script "brain hack" drug dependency mustve gotten to him with grandiose and megalomaniacal schemes backed by a then peak bubbly climate.