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posted ago by WOODy1953 ago by WOODy1953 +389 / -0
Comments (44)
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deleted 22 points ago +22 / -0
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Staypositive 15 points ago +15 / -0

I bet she isn't even paying cash.
Involved in one of the largest financial crimes ever, and her credit card still works.
Account not closed

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QLARP 0 points ago +2 / -2

Can you explain the crime to a layman

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Theredpump555 1 point ago +1 / -0

They printed FTX token and then used it to borrow against by putting the tokens they made as a asset. They pulled a federal reserve but the feds will just keep printing.

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Staypositive 1 point ago +1 / -0

Basically they used customers deposits for other risky investments they weren't supposed to do. Which is Incredibly illegal. They went under and lost all their customers money, but haven't got in any trouble at all.
Way more than Bernie Madoff and he was arrested almost immediately after his scheme imploded.

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Toohershat 1 point ago +1 / -0

Correct, although my understanding is that Madoff confessed basically when his crime went public (or perhaps it went public as he confessed since he knew the jig was up)

These FTX pinheads have basically stated that they made mistakes while denying fraud or any crimes. Obviously they're horrible criminals who should spend years in jail, but this legal saga is only beginning.

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QLARP 1 point ago +2 / -1

Which is Incredibly illegal.

Is it? Does the SEC regulste crypto exchanges I'm the Bahamas?

They probably could have kept it going if it wasn't for the $400 million dollar hack that caused a run on their bank.

If customers deposit 3 billion and that goes up to 50 billion. Did they lose 3 billion or 50 billion.

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Staypositive 1 point ago +1 / -0

It's illegal to use customers funds for something other than what it is supposed to. (Pretty much) If ford took deposits for the new truck and they then took those funds and lost them, leaving nothing for the customers (truck or refund), that would be illegal too.
You can't just take money and lose it without giving them what they paid for. If a customer buys stock and it goes to zero, the customer still has the worthless stock they paid for. In this instance, the product they bought didn't go to zero, FTX took payments for products they couldn't/wouldn't fullfil and kept the customers money anyways.

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QLARP 0 points ago +2 / -2

Do you think the SEC of the Bahamas will take action?

From my experience more crypto exchanges have run off with the money then havnt.

You can't just take money and lose it without giving them what they paid for.

Yes you can if it's a crypto exchange. A exchange in Canada the guy stole the money and went to India and faked his death.

They are basically bucket shops.

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Staypositive 1 point ago +1 / -0

It doesn't seem like anyone is interested and arresting the criminals behind FtX. They bribed all the right people.

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QLARP 0 points ago +1 / -1

Can US sec investigate exchanges in other countries?

... continue reading thread?
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Staypositive 1 point ago +1 / -0

If customers deposit 3 billion and that goes up to 50 billion. Did they lose 3

They purchased an asset. If that asset goes up or down, FTX shouldn't be in financial risk if they're operating honestly. They're only an exchange and/or storage. If i buy a car and it goes up drastically in value, it doesn't effect the dealership at all, because the asset was purchased and the order fulfilled at time of the purchase. It's the customers business at that point. Now what FTX was doing was taking money and not setting aside the assets already purchased by the customers. They figured only a certain percentage of people would take their coins from the exchange at one time. And they figured they could reinvest the customers funds and make a ton more money and no one would be the wiser. The problem is that crypto went down big time and interest rates went up, and this exposed them.

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QLARP 1 point ago +2 / -1

Great explanation thanks.

But it seems like they could have kept spinning the plates if not for the $400 million dollar hack that caused a bank run.

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Staypositive 1 point ago +1 / -0

I agree. They could have kept this going way longer.

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NoCorruptFashion 9 points ago +9 / -0

The biggest disapointment with FTX saga isn't the lack of action from the enforcemrnt agencies (SEC, DOJ or FBI), the biggest disapointment it's that the much talked about 'FTX sex tape' never appeared as promised.

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Bubblegumbro 1 point ago +1 / -0

lol, i would have taken a peek

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Tacticalsmoke420 2 points ago +2 / -0

I bet she moves around like a dead fish

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GhostOfMyFormerSelf 1 point ago +1 / -0

🤢

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Staypositive 1 point ago +1 / -0

I bet she had a statistical model for optimal booty bouncing

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QLARP 1 point ago +2 / -1

Is it illegal to take customers bitcoin and gamble with it in risky investments?

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TravlingThr0ugh 7 points ago +7 / -0

The HOPIUM, she turned and is now a witness because she is with a Clinton lawyer. Reality: nothing will happen.

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WoodenDoors_ 7 points ago +7 / -0

Someone needs to do the world a favor

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tdee3000 3 points ago +3 / -0

after they find where the money is

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Jammyjams 5 points ago +5 / -0

She hates what she sees in the mirror.

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deleted 2 points ago +2 / -0
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deleted 4 points ago +4 / -0
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deleted 4 points ago +4 / -0
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GrouchyMarxist 3 points ago +3 / -0

At least nobody will have to beat her with the ugly stick...

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wonderfulusa 2 points ago +2 / -0

She probably smells like dirty kitty litter & old greasy hair.

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RoosterRaiser 2 points ago +2 / -0

Imagine being filthy rich and still looking like this.

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ChynahIzAzzhole 1 point ago +1 / -0

A criminal.

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IceManmdm 1 point ago +1 / -0

Some jogger would play the knock out have with her if they knew where she was at

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Theredpump555 1 point ago +1 / -0

Jews do look like goblins for real

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Theredpump555 1 point ago +1 / -0

imagine your religion requiring you to be a simp and marry a ugly ass goblin jew woman.... Fuck that sucks..

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Kmdub2 1 point ago +1 / -0

Well she's in the shithole formerly known as NYC, so the problem might just take care of itself😉😉 You know, the place where Governor Hochul says the threat of white supremacists is the #1 and only priority for law enforcement? That's why that local news channel changed their contrast settings to make it look like a white dude clocked a stranger with a baseball bat yesterday.

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Muttsbitetoo 1 point ago +1 / -0

Little retarded rat ordering some cheese

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RPOZ28 1 point ago +1 / -0

Reminds me of the saying that "if I had a dog that ugly, I'd shave his ass and make him walk backwards".

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Leave_The_Kids_Alone 1 point ago +1 / -0

another grotesque display of Jewish privilege.

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monkeycat2010 1 point ago +1 / -0

The idea of that weak chinned bug-eyed version of a woman had sex with bushy haired boy voiced SBM is disgusting.

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True_Curmudgeon 1 point ago +1 / -0

Holy cow her face is even more jarring in profile