We’ve seen this movie before. Mega rich (____) fill in the blank – Wall Street banker, tycoon, hedge fund manager – climbs the political social ladder by rubbing elbows with powerful Democrat pols then buys influence with them by donating million$ to their campaigns and causes, then goes to jail for fraud with nary a mention of Democrat Party donations or influence. Now that we’re well into the 21st century, add crypto-mogul to that mega donor list. Sam Bankman-Fried (SBF) is the ex-CEO of the crypto-currency exchange, FTX, that was all the rage among big wig Dems and their media until just after the midterm elections, when FTX declared Chapter 11 bankruptcy. However, the media darling Bankman-Fried is curiously missing from our “curious” news media.
As of Friday (yesterday), the biggest ever Ponzi scheme rip off isn’t even on the main page of the ABC “News” website. Instead, ABC highlights such important stories as “Beer sales banned at World Cup stadiums” and “Brittney Griner moved to penal colony in Mordovia”. You know, the most pressing news of the day. Over at NBC “News”, more of the same hard hitting stories like, “‘I’m the problem, it’s me:’ Why Ticketmaster’s Taylor Swift meltdown was so revealing”. Unlike ABC, at least NBC mentions the FTX disaster way down towards the middle of their site. However, none of their stories mentions anything about the huge Democrat Party ties to Bankman-Fried and FTX. Must be just an innocent editorial oversight. Over at CBS, back to the usual headlines, “Trump PAC, Republican Party paid law firms in Trump Organization fraud trial” Where would they be without Trump? Not a mention of Bankman-Fried or FTX on their lengthy website, even in their “Money Watch” and “Managing Your Money” sections! A complete news blackout.
Maybe our “news” media is just tired of all the partisan bickering after a long and hard-fought midterm elections battle? Not hardly. They are in full cover up mode for their Dem compatriots. They know the long history of these type of Dem big money corruption scandals, and they are doing all they can to shield the Democrat Party ahead of the 2024 Presidential election cycle. The major media in this country just cannot be trusted.
Bankman-Fried makes Bernie Madoff look like a Boy Scout in comparison. Madoff was accused and sentenced for defrauding investors out of $17 billion. FTX, Bankman-Fried’s firm was worth over $32 billion when its finances collapsed, and the money disappeared. SBF managed to do all this at the tender age of 30. Madoff didn’t start his Ponzi scam until he was in his 50’s. SBF may end up being the biggest and youngest Democrat megadonor fraudster in history. That’s in keeping with a long, laundry list of such phonies, Bernie Madoff, Ed Buck, Jeffrey Epstein, Harvey Weinstein, Eliot Cutler, and Democrats never seem to learn better (or do they?).
By all accounts, SBF was not impressive in the least. He’s a slovenly, debauched weirdo with lots of other people’s money (Dems’ favorite kind) living in a $40 million penthouse in the Bahamas. Why was he able to rub elbows with the elite of the Democrat Party? Maybe because, like them, he was without morals and loved money. Birds of a feather, as they say. He met with Democrat lawmakers on Capitol Hill. He met with the SEC Director, who’s supposed to be monitoring folks like SBF, not cozying up to them. He even had at least two meetings in Joseph Robinette’s White House. He was the second biggest contributor to the Democrat Party this election cycle, with over $40 million contributed. He was also the single largest donor to the presidential candidate Basement Brandon campaign in 2020, with over $5 million in contributions. Sucking up to those who are bound to oversee and regulate your business seems to have been SBF’s business model – Political Protection Racket.
Now we’ll see how well that protection racket works. The Chair of the House Financial Services Committee, Maxine Waters (D–CA) has announced that she will launch a lame duck investigation into the collapse of FTX. Here’s the problem with Mad Maxine heading any investigation into SBF and FTX:
Yep, that’s her “overseeing” SBF earlier. How’s that for financial oversight?
And how about this kiss goodbye from Maxine? Does she do this with all the witnesses she grills?
This might be the weirdest FTX news so far:
Maxine Waters blew Sam Bankman-Fried a kiss after a Congressional hearing last year. pic.twitter.com/g53eP0HnMx
— Alec Sears (@alec_sears) November 18, 2022
Fortunately, the Republican Chair will head this investigation after January 3, 2023.
The discovery phase of this scandal is just getting started. Follow the money. SBF is still hiding out in the Bahamas, but luckily the Bahamas has an extradition treaty with the U.S. Will we ever find out where all the money went? Probably not. SBF has too many buddies in high places. Like Epstein’s client list, this story will get buried his pals in the msm as much as possible with Jimmy Hoffa in Al Capone’s vault. SBF greased the oversight wheels with huge political donations to the Democrat Party.
He also greased the PR wheels with “philanthropic” donations (insert giggle here) to msm outlets like Vox, The Intercept, Pro Publica and Semafor through his non-profit Building a Stronger Future Foundation. These media outlets are now pathetically asking their readers for additional funding, like this from The Intercept’s Editor-in-Chief:
“Hodge wrote:
Much remains unknown about the future of FTX and SBF’s philanthropic giving. We have been in touch with our colleagues at other nonprofit newsrooms that received support from the Building a Stronger Future Foundation, and we remain hopeful that other donors committed to this work will step forward.
But as of today, we have a significant hole in our budget. If you are able, please consider donating today to support The Intercept’s crusading independent journalism.”
And this explanation to employees of Pro Publica from its President:
With SBF receiving multiple softball, puffball interviews and fawning, glowing pieces in the usual suspect publications, NYT/WaPo/CNBC/MSNBC, don’t expect Mega MAGA Republican type coverage from them.
Not to be left out of the headlines, even Ukraine has been in on this deal. It’s been reported, not by the msm, that millions of dollars have flowed to Ukraine through FTX and back to the U.S. to Democrats, who else? They justify this with their “fighting for democracy” schtick. In layman’s terms, good old-fashioned money laundering. This must be investigated. We’ll just have to wait till after Jan 3.
Once Sam Bankman-Fried is in custody, the U.S. Marshall Service may have to protect him from Jeffrey Epsteining himself in front of non-working cameras. Stay tuned. This will get very, very interesting before it’s all over.
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