12-23-2022, 03:58 AM
(This post was last modified: 12-23-2022, 04:06 AM by DerVVulfman.)
(12-20-2022, 09:26 PM)kyonides Wrote:Commentary: Think I'm surprised? The bulk of the members wanted Trump out before he was even elected.
Ignored by the committee.. with links
The scruffy FTX Founder is now out and under house arrest under a record-setting $250 Million bond, the largest ever pre-trial pond ever proposed by the feds. The house arrest taking place in his parent's Palo Alto residence is certainly more comfy than his previous incarceration, that of a prison in the Bahamas. Given conditions, he voluntarily concented to extradtion to the United States. Fitted with an electronic monitoring device, he may leave his parent's house for exercise, mental health and substatnce abuse treatment, but little else.
Things are not appearing great for Bankman-Fried as he's accused of illegally using invester's money to buy real estate, make political donations and much more. And on top of that, FTX co-Founder Gary Wang and former FTX CEO and Ex-Girlfriend Carolyn Ellison agreed to plea deals and will be testifying for the prosecution.
Still, I wonder. When it comes to bail, the defender must acquire at least 10% of the sum. Bankman-Fried claimed he only had $100,000 left to his name, his parents put up $4 Million for his bail. So who put up the remaining $20 Million?
Ms Carolyn Ellison is the former CEO of NTX and says she has intimate of what happened ahead of FTX’s sudden bankruptcy in November. Court documents would have her facing over 100 years in prison. But she, along with co-Founder Gary Wang, are now testifying on behalf of the prosecution for lighter sentences.
And not only is Bankman-Fried going to have his tatements undermined by electronic evidence and documents recovered, but by cooperating witnesses.