FTX Fraudster Now Staying in a Mansion?
Elite criminals connected to the corrupt powerhouses in D.C. remain above the law in American justice system regardless of the gravity of their crimes. The release of cryptocurrency grifter Sam Bankman-Fried on bail has once again established that the judicial system is little more than a multi-billion dollar joke.
Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, was arrested in Bahamas on December 12 for financial crimes including money laundering, wire fraud, and campaign finance violations. He was extradited to the United States and charged with these crimes before being presented at the Southern District of New York, where he was released on a $250 million bail.
Bankman-Fried has been vocal about pouring big money into American politics. A couple weeks before his arrest, he revealed in an interview about donating to both parties; and while his donations to Demmocrat have come to public view, those to the Republicans were kept secret by his own choice. Newsmax cited him on the political donations:
“All my Republican donations were dark … And the reason was not for regulatory reasons, it’s because reporters freak the f**k out if you donate to a Republican. I’m a true liberal, and I didn’t want to have that fight.”
In 2020, Bankman-Fried gave more than $5 million to Biden and groups supporting his campaign. In 2021-2022 election cycle, he gave Democrats another $37 million and earlier this year expressed the intention to donate up to a billion dollars to Democrats to defeat Donald Trump in 2024.
Per the terms of his bail, Bankman-Fried has been released to his parents’ mansion in Palo Alto, California, where he will be on the so-called “house arrest.” To secure his release, Bankman-Fried didn’t have to actually post bail as pointed out by critics of the deal the accused has cut with the federal government. Instead, his parents pledged their $4.5M historic Palo Alto home to get him out and live comfortably with them until the trial.
But will there a trail of Sam Bankman-Fried at all? Judge Jeanine Pirro doesn’t think so. On the Fox News show The Five, Judge Jeanine Pirro called Sam Bankman-Fried a “dirtbag” and said:
“The chances of this going to trial are slim to none.”
The part of Bankman-Fried’s financial crimes that the mainstream media and the left don’t want to talk about is his crypto exchange FTX’s role in handling financial aid for Ukraine. In November, online records dug out by The Grayzone revealed that tens of millions of dollars raised by FTX for the Ukrainian government went missing. Even that seems the tip of the iceberg of laundered money including at least $10 billion in client funds that Bankman-Fried transferred from FTX to another company he founded – digital asset trader Alameda Research – as reported in The Grayzone story.
The most that Sam Bankman-Fried is likely to get is a slap on the wrist in a so-called justice system that buries you alive if you question the shady dealings of the corrupt web operating out of the D.C.