USA Today Blatantly Works To Whitewash Democrat Hacks As ‘Nonpartisan’
Rather than investigate the Voter Participation Center's partisan activity, USA Today accepted at face value VPC’s assertions that it is nonpartisan.Rather than investigate the Voter Participation Center's partisan activity, USA Today accepted at face value VPC’s assertions that it is nonpartisan.Caroline Ellison sentenced to 2 years in prison over massive FTX crypto-scandal
The 29-year-old former girlfriend to FTX founder Sam Bankman-Fried was sentenced to two years in prison on Tuesday for her part in the massive cryptocurrency Ponzi scheme.
'I've seen a lot of cooperators in 30 years here. I've never seen one quite like Ms. Ellison.'
Caroline Ellison had been the CEO of Alameda Research, a privately-controlled hedge fund that Bankman-Fried had been improperly funneling money into from the massive FTX cryptocurrency exchange. In Dec. 2022, Ellison pleaded guilty to seven counts related to the scheme, including conspiracy to commit commodities fraud and conspiracy to commit securities fraud.
Although she faced up to 110 years in prison for the seven charges, a judge in New York gave her a shortened sentence due to her "very, very substantial" cooperation with the government's case against her former boyfriend and other FTX executives.
"She cooperated and he denied the whole thing," said Judge Lewis Kaplan. "I've seen a lot of cooperators in 30 years here. I've never seen one quite like Ms. Ellison."
Bankman-Fried had previously been ordered by Kaplan to turn over $11 billion in funds to the government in order to compensate the victims of the FTX scandal. He was convicted on seven charges, including wire fraud and conspiracy to commit money laundering.
Kaplan went on to note that Bankman-Fried continued to claim innocence while Ellison had expressed guilt and regret.
"You are genuinely remorseful," the judge continued. "He's sorry the gamble he took didn't work out, and he's really sorry he got caught."
Ellison apologized for her behavior at a podium before the sentence was announced.
"I want to apologize most of all to the victims," said a tearful Ellison. "Not a day goes by when I don't think about all the people I hurt."
Bankman-Fried has filed an appeal of the conviction on the basis that it was an unfair trial a year after he was sentenced to 25 years in prison.
Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
Biden’s AI Executive Order Embraces Radical Ideology Over Innovation
Even before Biden announced his AI executive order, the administration was threatening the efficacy and neutrality of AI technologies.Disgraced Democratic mega-donor Sam Bankman-Fried agrees to flip on Tom Brady and other celebrity FTX promoters
Middle-aged NFL legend Tom Brady recently hinted at the possibility that he might stage a Michael Jordan-style comeback. He just might have to in order to stay whole thanks to disgraced Democratic mega-donor Sam Bankman-Fried's latest act of betrayal.
Bankman-Fried, the convicted fraudster whose mom figures is too autistic for prison, has apparently agreed to cooperate with the group of cryptocurrency users suing various FTX influencers, including Brady and his ex-wife.
Background
Blaze News previously reported that Tom Brady and his former spouse, Gisele Bündchen, were named in a class-action lawsuit filed in Miami's Southern District of Florida federal court in November 2022, along with former NBA star Shaquille O'Neal, Golden State Warriors basketballer Stephen Curry, Los Angeles Angels baseballer Shohei Ohtani, "Shark Tank's" Kevin O'Leary, and "Seinfeld" cocreator Larry David.
The class-action complaint launched months after the collapse of the crypto exchange company FTX alleges that Brady and the other brand ambassadors were responsible for "misrepresentations and omissions" in the advertisements in which they told acquaintances to unwittingly throw their money away into "the FTX Ponzi scheme."
Brady and Bündchen each took an equity stake in FTX as part of a 2021 ambassadorial partnership. While Brady became a brand ambassador, Bündchen took on the role of FTX's environmental and social initiatives advisor. The former couple appeared in a series of FTX commercials.
Curry similarly got into bed with the ill-fated company, signing on to a "long-term partnership" with FTX in September 2021 in exchange for a now-worthless equity stake. In one advertisement, Curry said, "With FTX, I have everything I need to buy, sell, and trade crypto safely."
Larry David was featured in a Super Bowl commercial for FTX where he played a number of characters rejecting historically consequential ideas, such as the light bulb. The advertisement ultimately showed David reject FTX, then suggested, "Don't be like Larry."
This FTX Super Bowl ad with Larry David ran FTX $1.13B\n\nthe irony of it\u2026 an arrest scene, Larry David saying he doesn\u2019t believe in Crypto, a ton of foreshadowing as @SBF_FTX is on trial\u2026 \n\nThe \u201cdon\u2019t be be like Larry David\u201d line after FTX lost billions of customer funds lol— (@)
While O'Neal managed to avoid being served in the lawsuit for several months, last April he became the last of the celebrities to be served a legal notice.
No honor among FTX alumni
An April 19 court filing indicates the plaintiffs in the case have reached a settlement with Bankman-Fried, who was sentenced to 25 years in prison last month for his orchestration of multiple fraudulent schemes and ordered to pay $11 billion in forfeiture, reported Cointelegraph.
The fraudster will cooperate with the investors, and, in exchange, they will drop their civil liabilities against him.
The filing states, "[Bankman-Fried] has knowledge and other information that Class Representatives and Class Counsel believe will be valuable to Class Representatives' cases against other defendants in the FTX MDL [multidistrict litigation], particularly relating to the underlying actions and their connection to Miami, Florida, where FTX's U.S. headquarters were based, as well as each MDL Defendants' knowledge of and assistance with the actions and connections to other states in which jurisdictions over those Defendants is asserted."
Should the court approve the deal, Bankman-Fried would fork over non-privileged documents concerning his assets and his investment in the AI start-up Anthropic, proof of a negative net worth, and documents about the FTX brand ambassadors, reported the Daily Mail.
The Democratic mega-donor also apparently agreed to surrender any information he has about venture capital firms that invested in FTX as well as any accountants or lawyers who worked with the defunct crypto exchange.
CoinDesk reported that the fraudster's former friends and codefendants Caroline Ellison, Nishad Singh, and Gary Wang, have — along with FTX lawyer Dan Friedberg — made similar settlement agreements with the class-action plaintiff's attorneys.
A number of middling talents who promoted FTX, including Jaspreet Singh, Tom Nash, Jeremy Lefebvre, and Graham Stephan, have apparently also settled, as has Jacksonville Jaguars quarterback Trevor Lawrence.
While flipping on his former celebrity boosters, Bankman-Fried appears to be trying to dodge accountability for his crimes. Earlier this month, the former multibillionaire appealed his fraud convictions and prison sentence.
Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
Sam Bankman-Fried's mom suggests he's too autistic for prison in bid to spare him from accountability
A U.S. District Court in Manhattan will hand down a sentence on March 28 for convicted fraudster Sam Bankman-Fried. While the Democratic mega-donor faces up to 110 years behind bars, Stanford Law professor Barbara Fried told the court in a filing Tuesday that her fraudster son is too delicate for prison.
Barbara Fried — sued in September along with her husband, Joseph Bankman, for allegedly enriching herself with money that her son stole from customers — painted Sam Bankman-Fried as a misunderstood autist in a bid to have him serve no more than 6.5 years.
A federal jury determined in October that Sam Bankman-Fried stole $8 billion from FTX customers to blow largely on Democratic candidates, leftist causes, real estate purchases, investments in other companies, and other pet causes. He also reportedly gave his parents tens of millions of dollars and gifted them a $16.4 million property in the Bahamas.
Bankman-Fried was ultimately convicted of two counts of wire fraud conspiracy; two counts of wire fraud; one count of conspiracy to commit money laundering; conspiracy to commit commodities fraud; and conspiracy to commit securities fraud.
In the filing, Barbara Fried, a liberal who ran a donor network for Democratic candidates, suggested her 32-year-old son is a victim of public ridicule now that his "eccentricities" are no longer charming now that he's a poor criminal, reported the New York Post.
"The broader public was charmed by many of his eccentricities — or at least pretended to be — while he was on top of the world. The moment he fell, the same public became merciless, ridiculing his awkward traits and verbal style, taking them as a sign of duplicity or worse, and portraying him as a freak with evil intentions," wrote Fried.
"The media's weapon of choice is words," continued the fraudster's wealthy mother. "The same cannot be said for prisons."
Fried insinuated that her Adderall-dependent son has some form of autism, which might make life difficult for him in the slammer.
"[Bankman-Fried] has a number of mannerisms that are associated with high-functioning people with ASD," wrote Fried, referencing Autism Spectrum Disorder. "He's bad at responding to social cues in 'normal' ways, uncomfortable looking people in the eye, uncomfortable with outward shows of emotion."
"It may be that some of the inmates will come to appreciate Sam once they get to know him. But miscommunication in that environment is dangerous, and Sam's traits greatly increase the likelihood of its occurring," she added.
Marc Mukasey, the lawyer overseeing the fraudster's sentencing, cited Fried's letter and others as indications of the former billionaire's "neurodiversity."
"He can be perceived as abrupt, dismissive, evasive, detached, or uncaring," said the filing.
Despite Sam Bankman-Fried's track record of ruining various lives and livelihoods, the fraudster's father, Stanford Law School professor Joseph Bankman wrote, "Nothing he has done can justify putting him at risk."
Miriam Baer, vice dean at Brooklyn Law School, told the Times that even if Judge Lewis A. Kaplan does not throw the Democratic mega-donor away for a century, he "could still give a very serious sentence given how young Mr. Bankman-Fried is — say, a 30- or 35-year sentence."
Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
Sam Bankman-Fried’s Folly Is A Tale As Old As Time, But He Doesn’t Read
SBF and his ilk are just the harvest after decades of planting pragmatic and relativistic seeds throughout American public schools.Morgan Housel’s New Book Might Be The ‘Same As Ever,’ But Common Sense Never Changes
Some might call Morgan Housel's Same as Ever redundant or self-evident, but there is a comfort in truths well-spoken rather than schemes well-disguised.Today's top stories
thefederalist.com
www.theblaze.com