The Arrest Of FTX Founder Sam Bankman-Fried
Signals The Collapse Of Crypto And Bitcoin Confirming
Previous Site Claims (Videos)
December 30. 2022
On December 12, 2022, American
businessman Sam Bankman-Fried was arrested in the
Bahamas on massive fraud charges in relation to his
FTX crypto/bitcoin company FTX, which has filed
bankruptcy. Essentially he was running a ponzi scheme, like so
many in crypto/bitcoin.
The U.S. government unsealed an
indictment against New Yorker, Bankman-Fried, and
filed extradition papers with the Bahamian
government to have him brought back to New York to
stand charges. Bankman-Fried is facing up to
120-years in prison if convicted of the charges.
Tweet on my Twitter page 4-YEARS AGO warning
against bitcoin/crypto
I have issued many time stamped
warnings through this site (and on my Twitter page)
which later proved 100% true and correct
(site exclusives).
4-YEARS AGO I warned against bitcoin/cryptocurrency
(see tweet posted above from my Twitter page).
My warnings in this matter have now proven correct
with the arrest of Bankman-Fried, and sadly the
suicides of a few crypto/bitcoin company owners.
Some crypto/bitcoin investors who lost their money
investing in the scam have also killed themselves.
This all needs to stop. Suicide is not the answer.
Whatever you do in life make sure it
is legal and ethically above board. Choices have
consequences. Criminal decisions will catch up with
you. To commit acts of theft and fraud to boast
about being a fake millionaire or
billionaire, then to face financial ruin, disgrace
and decades in prison, is very foolish.
Sam Bankman-Fried
At one point Forbes estimated
Bankman-Fried's net worth was $10.6 billion dollars.
However, it was not accurate. It was all fictitious,
as he was engaging in fraud and theft of other
people's money/assets. Real billionaires don't do
that. They don't have to steal to get rich. Scammers
steal from others.
There is too much of that going on
in the business sector, and the entertainment and
sports industries, regarding criminally defrauding
others out of their money and other assets. There
are some people in business in corporate America,
who do not belong there, as they are fraudsters
stealing from others. They bring nothing new,
original or fruitful to the table.
Today so many people are rushing to
proclaim themselves billionaires, as a status
symbol, when they are not, as they do not
legitimately or lawfully have those funds in the
bank. It's all speculative or based on theft, which
as I have always maintained doesn't count. You're
all going to be exposed. You are pretenders harming
others with your thefts. You are going to get caught,
prosecuted, and stripped of everything, in acts that
will leave you penniless and in prison. It is better
to do things the right way in life.
STORY SOURCE
FTX founder Sam Bankman-Fried arrested in the
Bahamas after U.S. files criminal charges
Published Mon, Dec 12 20226:39 PM
ESTUpdated 1 Min Ago - The cofounder and former CEO
of bankrupt crypto trading firm FTX was arrested in
the Bahamas after the U.S. attorney for the Southern
District of New York shared a sealed indictment with
the Bahamian government.
His arrest is the first concrete
move by regulators to hold individuals accountable
for the multi-billion dollar implosion of FTX last
month. Sam Bankman-Fried is expected to be
extradited to the United States.
FTX founder Sam Bankman-Fried was
arrested by Bahamian authorities Monday evening
after the United States Attorney for the Southern
District of New York shared a sealed indictment with
the Bahamian government, setting the stage for
extradition and U.S. trial for the onetime crypto
billionaire at the heart of the crypto exchange’s
collapse...
https://www.cnbc.com
As bitcoin plummets, Miami vows to hold onto
its crypto dreams
10h ago - December 10, 2022 -
MIAMI — When Miami Mayor Francis Suarez unveiled an
11-foot, 300-pound black fiberglass reproduction of
the Wall Street bull last spring, he hailed it as a
symbol of the city’s arrival as the “capital of
crypto.”
“Welcome to the future,” he said,
calling for digital currencies like bitcoin to be
“integrated into every aspect of society” before the
end of the year. But eight months later, Republican
mayor’s dream of turning Miami into a hub for the
digital currency industry has hit a speed bump.
The value of bitcoin has plummeted,
a blow to Miami residents who bought into Suarez’s
call to invest in digital currencies. MiamiCoin —
the city’s own cryptocurrency — is now essentially
worthless. And crypto exchange FTX’s meltdown has
had ripple effects here.
Sam Bankman-Fried’s Bahamas-based
exchange was expected to open its U.S. headquarters
in Miami. One of the city’s signature stadiums is
FTX Arena, where the NBA’s Miami Heat plays home
games. Now Miami-Dade County officials are asking a
judge to end the $135 million, 19-year naming rights
deal...
https://www.msn.com
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