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Biden DOJ Gives Top Democrat Donor Sam Bankman-Fried A Pass…No Second Trial

The Department of Justice announced Friday that they will not pursue a second trial against Sam Bankman-Fried.

The disgraced founder of FTX was found guilty in November of 7 charges related to fraud and conspiracy.

However, charges related to violating campaign finance laws were dropped in July. A few of these included conspiracy to make unlawful campaign contributions and conspiracy to bribe foreign officials.

Keep in mind that SBF was one of the top Democrat donors. He used money stolen from FTX customers to donate $100 million during the 2022 midterms, and gave tens of millions to dark money groups…

In total, SBF used stolen funds to donate over $42 million to mostly Democrats, but also a few Republicans…

Check out this list of all the politicians and dark money groups SBF gave money to:

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It was originally promised that SBF would be presented with evidence of these additional charges at a later trial date sometime this year. Yet, it never happened.

Now, the campaign finance violations and bribery charges have been dropped entirely.

Sam Bankman-Fried’s sentencing date is set for March 2024, and he will not face a second trial.

Time has more on this:

A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday.

Prosecutors told U.S. District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the “strong public interest in a prompt resolution” of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed.

They said the judge can consider the evidence that would be used at a second trial when he sentences Bankman-Fried on March 28 for defrauding customers and investors of at least $10 billion.

Bankman-Fried, 31, who has been incarcerated since several weeks before his trial, was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and three conspiracy charges. He could face decades in prison.

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Last spring, prosecutors withdrew some charges they had brought against Bankman-Fried because the charges had not been approved as part of his extradition from the Bahamas in December 2022. They said the charges could be brought at a second trial to occur sometime in 2024.

However, prosecutors at the time said that they would still present evidence to the jury at the 2023 trial about the substance of the charges.

The charges that were temporarily dropped included conspiracy to make unlawful campaign contributions, conspiracy to bribe foreign officials and two other conspiracy counts. He also was charged with securities fraud and commodities fraud.

Reuters also reported:

U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.

In a letter filed on Friday night in federal court in Manhattan, prosecutors said the “strong public interest” in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.

Prosecutors said that interest “weighs particularly heavily here,” given that Bankman-Fried’s scheduled March 28, 2024, sentencing will likely include orders of forfeiture and restitution for victims of his crimes.

Jurors on Nov. 2 convicted Bankman-Fried on all seven fraud and conspiracy counts he faced. Prosecutors had accused him of looting $8 billion from FTX customers out of sheer greed.

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Lawyers for Bankman-Fried declined to comment.

Bankman-Fried had faced six additional charges that had been severed from his first trial, including campaign finance violations, conspiracy to commit bribery, and conspiracy to operate an unlicensed money transmitting business.

Must be nice being a Democrat.

What do you make of this?..

Here is some of our prior reporting on Sam Bankman-Fried, or as some of you have dubbed him “Scam Bankman Fraud”….

Was it all money-laundering all along?

UKRAINE BOMBSHELL: “Give Us Loans, We Will Pay You Back!”

Well, this is “rich”….

And as you know, I don’t like to use the word “Bombshell” very often, but this is one case where it’s merited.

I’ll explain why down below the video I’m about to show you….

Zelensky is now begging the U.S. for loans.

Quote: “If you can’t give us financial support, give us credit and we will give you back money!”

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Watch here:

And for those who are saying it’s fake (you never know these days), it’s not.

It coms directly from a full video posted by NBC News:

Credit to anyone who actually sat through listening to this coke head stumble his way through this interview.

I watched less than a minute and could barely take it.

But the relevant part comes just after the 29:00 minute mark of this video posted by NBC News:

But here’s the part I find the most interesting….the Bombshell that almost no one is talking about.

Are you REALLY telling me that all the money we sent over, all the billions upon billions of dollars, was just a GIFT?

You can’t be serious, it was just given away?

It wasn’t a loan?

Even an interest free loan?

We didn’t get any promises to get the money back after the war?

ARE YOU FREAKING KIDDING ME?

I do believe that every time the USA fought a war, if it received money from other countries it was in the form of DEBT!

ChatGPT confirms:

Revolutionary War (1775–1783)

  • French Assistance: The U.S. incurred its first significant foreign debt during the Revolutionary War when it borrowed money from France, Spain, and the Dutch Republic to finance the war effort against Britain. France provided not only military assistance but also crucial financial support. The debt to France and other countries accumulated as the new nation sought to gain independence.

19th Century

  • War of 1812: The U.S. took on more debt during the War of 1812 as it faced Great Britain once again. However, this debt was largely managed through domestic means rather than relying heavily on foreign creditors.

World War I (1914–1918)

  • Liberty Bonds: During World War I, the United States began borrowing extensively to finance the war effort. Although the U.S. initially remained neutral, it provided loans to the Allies before entering the war in 1917. After entering the war, the U.S. issued Liberty Bonds to cover the costs.

Interwar Period

  • Repayment and Lending: In the interwar period, the U.S. was a creditor nation, with many European countries owing substantial debts from WWI. The roles reversed somewhat after the Great Depression, with the U.S. borrowing to stabilize its economy and later to ramp up for the possibility of another global conflict.

World War II (1939–1945)

  • War Bonds and The New Deal: The cost of World War II was immense, and the U.S. financed it by issuing war bonds and increasing taxes. The New Deal programs had already increased the national debt, but the war efforts required even more borrowing.

Post-World War II and Cold War Era

  • Marshall Plan and Global Leadership: After WWII, the U.S. emerged as a global superpower and began to spend heavily on programs like the Marshall Plan to rebuild Europe. Although this was more about giving aid than borrowing, it set the stage for a global economic system where the U.S. dollar became the world’s reserve currency, leading to complex financial interdependencies with other nations.

Late 20th Century to Present

  • Ongoing Borrowing: The United States has continued to borrow for various reasons, including military engagements, economic stimulus packages, and to finance budget deficits. It has issued government securities, such as Treasury bonds, bills, and notes, that are purchased by both domestic and foreign investors. This is where the current foreign-held debt originates.

So let me see if I have this right….

When WE save the world, we have to pay all the money back.

When Ukraine begs for money, we gave it away as a GIFT?

This is beyond criminal negligence of our elected leaders!

THIS IS TREASON!

It makes no sense, unless……unless it was all part of a very carefully crafted Money Laundering Scheme?

Hmmmmm.

I’ve seen Ozark….you can’t really repay the debt if you’re trying to launder the money.

Is that what all this has been about since Day 1?

Of course, we’ve reported on that extensively and once again our reporting appears to have been DEAD ON accurate:

FTX Money Laundering Scheme To Ukraine CONFIRMED?

Buckle up folks!

I have a MAJOR update on a story we first brought you back in the Fall of 2022.

“Fall” is appropriate because that’s when crypto firm FTX had its massive fall from grace.

And now just this week it looks like we may have confirmation that our reporting back in 2022 was 100% accurate.

Imagine that.

Let me back up for just a minute in case we have people who are new to this story or who need a refresher.

I’ll publish our full reporting from 2022 down below but here’s the quick recap…

This image explains it perfectly:

You pay taxes…

Taxes out the ears!

Then the US Government takes your tax dollars and sends billions upon billions over to Ukraine…

Ukraine then invested a big chunk of that money in FTX (that’s called money laundering)…

FTX donates huge amounts back to the Democrat party…

The Democrats then use that money to buy, influence and steal elections.

What a great system!

And if you think that’s just crazy Noah coming up with a crazy conspiracy theory, it’s not.

Here is Elon Musk exposing it too:

NOW does it make sense why billions of your tax dollars are going to Ukraine every month?

You didn’t honestly think we were just giving it all away, did you?

Of course not!

It’s a complex money laundering operation!

Ok, now here’s the update.

Prepare to have your mind blown.

This is truly “hidden in plain sight”.

So we start here with the understanding that after FTX collapsed it owed customers about $8.7 BILLION:

Ok, you with me so far?

FTX is in the hole $8.7 BILLY.

But remember, FTX was a key player in the money laundering operation, so they have to be made whole.

Then this happens:

Remember that from last week?

The Pentagon “accidentally” sent Ukraine $6.2 billion dollars!

So, uh, when you accidentally send $6.2 billy, do you call and get a refund or something?

Of course that’s an EXTRA $6.2 billion on top of the billions we are sending weekly:

Really gotta hate those “accounting errors” don’t you?

Is anyone REALLY that bad at their job that they “accidentally” send $6.2 billion where they aren’t supposed to?

Not even people in Government are that inept.

Folks, it’s CORRUPTION, not “mistakes”.

Ok, now stay with me because here’s the final piece…

To recap:

FTX needs $8.7 Billion…

$6.2 Billion “accidentally” gets sent to the wrong place…

Now here it is:

FTX suddenly “recovers” $7 billion!

Wow, it’s a miracle!

Just how DUMB do they think we are?

You kidding me with this?

We see right through it, and so do others:

IT’S MONEY LAUNDERING FOLKS!

Can’t get much more clear than this!

Are you awake?

Are you paying attention?

They are laughing at you and stealing BILLIONS of your dollars as they do it!

Oh, and a TON of politicians are caught in the middle too.

You didn’t think this story went away did you?

I believe when all of this is exposed it will be a major factor in clearing out Washington.

Take a look:

MAJOR Republican RINOs Caught In FTX Donation Scandal…

We’re going to name names…

If you’ve been following this Sam Bankman-Fried / FTX scandal, you know this is big.

In fact, it’s looking like Biden, Ukraine, Crypto and Pedos….are all possibly connected.

More on that at the end of this article — jump down there first if you don’t know anything about this story and need to get caught up to speed first.

We already knew Biden and many top Dems were ensnarled in this thing, and the crooked MSM is doing everything they can to give them cover.

But here’s what’s also been ignored: it’s not just the Democrats.

I’ve been telling you for 7 years now, it’s NEVER been about Republican vs. Democrat.

That’s a fake dichotomy designed to keep you distracted.

R’s and D’s are mostly on the same team.

In fact, I estimate there are maybe 10-20 honest people left in the entire D.C. system.

One is Trump.

Another is Kari Lake.

And there are probably no more than 20 others — if that many.

Everyone else, whether they’ve got an (R) or a (D) in front of their name is all crooked and sold out.

So sad to see what they’ve done to our country.

Let’s get into the details…

According to Bloomberg, McConnell took $1 million:

From Bloomberg, here’s more:

FTX US, a part of Sam Bankman-Fried’s crypto empire that catered to American customers, contributed to a super-PAC fighting for control of the Senate in the midterm election just days before the company’s collapse.

The Senate Leadership Fund, which is aligned with Senate Republican Leader Mitch McConnell and was the top spender in the 2022 midterms, received the $1 million donation on Oct. 27, according to its most recent filing with the Federal Election Commission. Only a couple of weeks later, more than a 100 FTX-related companies, including the US arm, filed for bankruptcy, and Bankman-Fried resigned as head of the corporate group.

The contributor listed on the FEC donation report is West Realm Shires Services Inc. and FTX US is its commercial name.

The Senate Leadership Fund did not immediately respond to a request for comment. The super-PAC spent $239 million in the midterms on behalf of Republican candidates, according to OpenSecrets, which tracks money in politics.

While several members of Congress, including Illinois Senator Richard Durbin, a Democrat, and Republican Representative Kevin Hern of Oklahoma have said they would return donations from FTX executives or give the money to charities, there isn’t a requirement in election law for committees to return donations to companies that go bankrupt.

FTX US also gave $750,000 to the Congressional Leadership Fund and $150,000 to the American Patriots PAC, both of which supported House Republican candidates. It gave $100,000 to the Alabama Conservatives Fund, which backed Republican Katie Britt’s successful run for the state’s open Senate seat.

Individual executives at the broader FTX company have given far more money. Bankman-Fried emerged as major donor to Democratic candidates leading up to the Nov. 8 midterm elections, donating most of the $39.4 million that he gave to them, FEC records show. One of his top lieutenants, Ryan Salame, gave $23.6 million — mostly to Republicans.

We always knew Mitch was a snake, didn’t we?

A rich snake.

According to a popular report circulating Twitter, here is the FULL LIST:

We have not been able to independently verify every name on this list, and to be fair we also note that candidates are rarely aware of every person or entity that makes a donation to their campaign — but that said, you might want to write down these names and remember them.

Kari Lake says the corruption is SO DEEP and SO WICKED it will blow your mind:

Here is just a portion of the article Kari Lake posted…from Revolver read the full story here:

Just days ago, Bloomberg estimated 30-year-old Sam Bankman-Fried’s (SBF) personal wealth at an astonishing $16 billion. Now, the disgraced FTX founder is essentially bankrupt, and if there is a shred of justice in the world, soon headed for prison.

The collapse of FTX and its founder is one of the most spectacular implosions in history. There is no shortage of narratives to mine for interesting article fodder. Celebrities like Tom Brady and his now ex-wife Gisele lost millions to the scam. There’s the Silicon Valley “smart money” that was hopelessly entranced by a wunderkind founder. SBF also used his ill-begotten lucre to become one of the largest donors in left-wing politics of the past four years. There’s also the FTX pet philosophy of “effective altruism,” the cult-like fad ideology of contemporary Silicon Valley that SBF exploited to conduct his fraud and justify taking enormous risks. And who can forget the 28-year-old girlboss CEO of Alameda Research Caroline Ellison, who bragged that her vast financial empire only requires “elementary school math” to turn profits, and whose public list of turn-ons includes “controlling major world governments.”

Last but not least, there’s the group sex (don’t worry, everyone involved in this “polycule” situation is hideous).

All of these storylines are being regurgitated ad nauseum by countless other media outlets. The story that Revolver is about to tell you is even bigger and more spectacular than all the other fascinating storylines listed above. In fact, dear reader, FTX may not even be the biggest scam in crypto. Another, even more spectacular scam may still be live, ready to collapse at any moment… if anyone decides to take a real look at it.

The story you’re about to hear concerns the third-largest crypto-currency on the planet, which you’ve probably never heard of. It is a story of how a former Disney child-actor — a Jeffrey Epstein associate who was embroiled in an under-age sex scandal — bizarrely emerged as one of the world’s strangest crypto-currency moguls. It is the story that raises serious questions as to whether an entire cryptocurrency is a scam — effectively a private money-printer. And to top it all off, there is reason to believe that if this cryptocurrency is the scam that it appears to be, it will nonetheless be allowed to continue because of this particular cryptocurrency’s usefulness to intelligence agencies in funneling money to foreign rebel groups and jihadis with plausible deniability.

Sound crazy? Sound interesting? Strap in, it’s about to get wild.

USDT, or Tether, is what is known as a “stablecoin.” A stablecoin is a cryptocurrency that, instead of fluctuating in value, is intended to hold to a consistent price. Tether is a USD stablecoin — each Tether is supposed to be equal in value to one U.S. dollar. While most cryptocurrencies are wildly speculative and backed by essentially nothing, each Tether is supposed to be backed directly by a U.S. dollar, or an extremely liquid, reliable investment like a U.S. treasury bond.

These USD stablecoins are used on cryptocurrency exchanges to conduct on-the-blockchain trades in lieu of using actual U.S. dollars. Without stablecoins like Tether, the current crypto ecosystem simply would not exist. There are multiple USD stablecoins, but Tether is by far the most popular. According to coinmarketcap.com, Tether has the third highest market cap of any crypto currency at $66 billion, trailing only Bitcoin and Ethereum. Today, fully half of all bitcoin trades globally are executed using Tether.

A year ago, crypto news site Protos summarized Tether this way:

If cryptocurrency was an engine, Tether (USDT) is one of its pistons.

Over the past seven years, the maverick stablecoin has evolved into a primary crutch for the ecosystem. It’s a tool for onboarding new money, managing and growing liquidity, pricing digital assets, and generally oiling crypto markets to keep them smooth.

Tether boasted a $1 billion market capitalization when Bitcoin hit $20,000 at the end of 2017. This year, it’s a $70 billion-plus powerhouse.

Practically every crypto exchange supports USDT trade in some form. The makeup of Tether’s reserves and its inner workings are yet to be disclosed in clear detail.

Still, the question of who exactly buys Tether directly from its parent company Bitfinex has remained unanswered since its inception way back in 2014.

Earlier this year, Protos shed light on that mystery by reporting that just two companies, Alameda Research and Cumberland Global, were responsible for seeping roughly two-thirds of all Tether into the crypto ecosystem.

Did that last sentence set off any alarm bells? It should have. Alameda Research is the quantitative trading firm founded by Sam Bankman-Fried. Bankman-Fried and his partner in crime, Alameda CEO Caroline Ellison, allegedly propped up their trading firm by plundering FTX customer accounts.

The inner workings of Tether remain remarkably opaque.

New Tethers are supposed to only be minted, and added to the crypto ecosystem, when somebody gives Tether Limited dollars to create them. And if that’s how it all worked, Tether would be fine.

But there is no evidence Tether actually works this way. We repeat: There is no proof that Tether stablecoins are backed by the store of tangible assets that is supposed to justify their value.

Despite first being released eight years ago, Tether has never been audited in any way. It first promised an audit in 2017…to, you know, happen eventually. How is that coming along? As reported by the WSJ, “Tether Says Audit Is Still Months Away as Crypto Market Falters”: … Tether is designed to grease the rails of the roughly $1 trillion cryptocurrency market by promising each token can be redeemed for $1. Market observers have long questioned whether the firm’s reserves are sufficient and have been demanding audited information.

The company has been promising an audit since at least 2017. An audit is “likely months” away, said Paolo Ardoino, chief technology officer of Tether Holdings Ltd., which issues the tether coin that recently carried a market value of $68 billion.

“Things are going slower than…we would like,” Mr. Ardoino said.

Instead of a full audit, Tether, like other leading stablecoins, publishes an “attestation” showing a snapshot of its reserves and liabilities, signed off by its accounting firm.

Audits are typically more thorough than other types of attestation. The attestations for some crypto companies sign off on the numbers provided by the company’s management for a specific date and time without testing the transactions before or after that date. That process can make the reports more vulnerable to being used to paint an unduly rosy picture.

A 2017 attestation of Tether was skewed by its sister company, Bitfinex, transferring $382 million to its bank account, hours before the accountants checked the numbers, the Commodity Futures Trading Commission said last year.

Take a moment to register that: In 2017, when Tether’s total market cap was still under $1 billion, it needed a last-minute transfer of $382 million just to sly its way through a non-audit attestation of its assets. This is ominously reminiscent of the accounting trick used by borrowers to obtain so-called “liar loans” in the run-up to the 2008 subprime mortgage crash.

That 2017 attestation, incidentally, led the Commodity Futures Trading Commission to fine Tether $41 million last year, without the company admitting any wrongdoing. Tether also paid an $18.5 million fine to New York state to settle claims that it misrepresented its reserves. The settlement forced Tether and its associated Bitfinex exchange to cease operations in New York. Crucially, though, none of these fines have fully exposed how Tether works, forced it to change its methods, or even compelled it to admit wrongdoing. Tether essentially made a political payoff, it seems, and moved on.

You know things are fishy when even legendary scammer Jordan Belfort calls you out:

It’s important to state what is happening if Tether is not actually backed by the dollars that it claims. If Tether Limited is pumping out new Tethers without actually taking in an equal amount of USD, then it is essentially a privately-run money printer.


 

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