The Biden Administration isn’t likely to dare help out this Humpty Dumpty financial fraud/political slush fund at this point. But FTX’s creator Sam Bankman-Fried is trying to raise several billions in “venture capital” of the sort which originates around Silicon Valley, to “save” his Ponzi scheme from liquidation in bankruptcy court in Delaware, and perhaps keep himself out of prison thereby. Some venture capital investors spoke about his calls to CNBC, which published this news today.
Bernie Madoff, despite his influential positions on Wall Street stock exchanges, had defrauded too many wealthy financiers to have a shot at this, and Bankman-Fried’s attempt isn’t likely to succeed either. Any source which comes up with “takeover funds” for him at this point will have to attempt complete and permanent anonymity. But Bankman-Fried, resident in the Bahamas, does apparently have open leeway from the bankruptcy administrators of the Bahamas Securities Commission, which has entered into a jurisdictional battle with Delaware and has apparently allowed a withdrawal of nearly $500 million worth of crypto deposits despite the bankruptcy.
RT on Nov. 18 published a long piece on FTX by one Felix Livshitz, focused on Bankman-Fried’s “fundraising” for Ukraine. The sums are at least $60 million worth of cryptocurrency, supposedly raised by him in a week through something called Aid for Ukraine, which was launched in mid-March with Ukraine’s Ministry of Digital Transformation. The crypto, which FTX had converted into cash, was spent on weapons. It is possible significantly more was “raised” on the FTX exchange, which was actually being bled of customer reserves to support the Alameda Research investment fund, the Democratic and Republican Parties, and so forth.
During this period in March, Livshitz wrote, both Sam Bankman-Fried and his brother Gabriel had repeated meetings in the White House, together with a Democratic strategist named Jenna Narayanan, who had worked for the Democratic Alliance (billionaires’ club organized by Soros). It is certainly likely that this slush-fund form of aid for Ukraine was being discussed with White House officials during those meetings. Sam Bankman-Fried was also lobbying at that time, however, for cryptocurrency “regulation” legislation he had partly designed—and which now, with typical Congressional hypocrisy, has a good chance of passage in the aftermath of FTX’s collapse and exposure!
