The curious timing of ‘scammy’ Sam Bankman-Fried’s crypto-bust
By Miranda Devine
December 14, 2022 10:58pm
When alleged crypto-fraudster Sam Bankman-Fried finished testifying at a congressional hearing last December, Democrat Maxine Waters, chair of the House Financial Services Committee, blew him a kiss as he walked by.
And why not, since the shambolic 30-year-old former multibillionaire is acknowledged to be the second-biggest donor to the Democrats, after George Soros.
He helped bankroll Joe Biden into the White House and had promised to donate $1 billion to help the party win the 2024 presidential election.
There are those, such as Elon Musk, who allege that SBF, as he is called, already has funneled $1 billion of stolen customer funds to Dem causes via various dark money PACs. Others on Wall Street put the number lower, at maybe $500 million.
Perhaps that was the entire point of FTX, at least in the end.
Now the jittery video-game addict faces federal charges in Manhattan of money laundering and campaign finance violations along with wire and securities fraud.
So it probably should have been no surprise that SBF was a no-show Tuesday for what should have been hostile questioning at a hearing of the House Financial Services Committee, presided over by his fairy godmother Waters.
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https://nypost.com/2022/12/14/the-curious-timing-of-scammy-sam-bankman-frieds-crypto-bust/
