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Tom Brady was paid $55 million for doing about a week’s worth of work total over a three-year period by disgraced cryptocurrency mogul Sam Bankman-Fried, according to a bestselling author. Michael Lewis, who wrote “Going Infinite: The Rise and Fall of a New Tycoon,” told CBS’ “60 Minutes” that the former FTX head Bankman-Fried, whose federal trial on fraud and money laundering charges is set to begin in Manhattan on Tuesday, splurged on endorsements from Brady, Stephen Curry, and Larry David. Bankman-Fried, who has pleaded not guilty, oversaw a $32 billion empire that collapsed after his firm allegedly used customer...

As a scorching cover story in BusinessWeek reveals, Barbara Fried and Joseph Bankman didn't just raise a criminal, but actively took part in running FTX and enjoying the spoils of the fraud. They regularly turned up in the company's offices and were included on important emails, and, most critically, flexed their prestige to open doors in Silicon Valley and Democratic power circles for their son. Meanwhile, these two advocates for the poor helped themselves to a $16 million luxury villa in the Bahamas and $10 million in cash—paid for by FTX customers. ronically, Bankman-Fried reportedly plans to invoke an "advice...

FTX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him. U.S. District Judge Lewis A. Kaplan ordered Bankman-Fried’s bail revoked after prosecutors said he’d tried to harass a key witness in his fraud case last month when he showed a journalist her private writings and in January when he reached out to the general counsel for FTX with an encrypted communication. His lawyers insisted he shouldn’t be jailed for trying to protect his reputation against...

A federal judge revoked FTX founder Sam Bankman-Fried’s bail and sent him to jail Friday, ending a monthslong battle between the Justice Department and the onetime crypto entrepreneur over his behavior while awaiting trial on fraud charges. U.S. District Judge Lewis Kaplan said at a hearing in New York that Bankman-Fried pushed the limits of his bail conditions repeatedly. “There is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice,” Kaplan said. The judge said he would allow Bankman-Fried’s lawyers to request that the defendant be allowed to spend time in his lawyers’...

He was charged with fraud and campaign finance violations by donating $90 million of customer deposits to political candidates and political action committees. He was extradited from the Bahamas to the United States, but the Caribbean nation later clarified that they did not intend the extradition to be on campaign charges. .....

Nishad Singh is third person in founder’s inner circle agreeing to cooperate with federal prosecutors ... The collapse of FTX has set off the largest crypto-related bankruptcy ever ... Singh said that in mid-2022 he learned that Mr. Bankman-Fried’s crypto hedge fund Alameda Research was borrowing FTX customer funds. By September 2022, Alameda was no longer able to repay the billions of dollars that it had taken from FTX, Mr. Singh said. He said that, at the direction of Mr. Bankman-Fried, he falsified FTX’s revenues to make the company more appealing to investors. ... Mr. Singh also pleaded guilty to...

Politicians and liberal media outlets on the receiving end of FTX donations and grants are sitting on "stolen" money, journalist Glenn Greenwald said Tuesday, urging them to return the funds given to them as a result of a "Ponzi scheme" that impacted an estimated one million customers. "Everyone knows, including these politicians, that it is not their money," Greenwald said on "Tucker Carlson Tonight." "That money was stolen. It was a Ponzi scheme and people are without their money while these politicians keep the money that doesn’t belong to them."

Failed Texas gubernatorial candidate Beto O’Rourke has claimed that he returned a $1 million donation from disgraced former FTX CEO Sam Bankman-Fried; however, it appears that he did not return all of the money, according to a report. A spokesman for O’Rourke said in November that the campaign returned the “unsolicited” $1 million donation Bankman-Fried gave the Texas Democrat in October. An O’Rourke spokesman said that the refund was issued prior to FTX’s bankruptcy and the discovery of Bankman-Fried’s reportedly illegal business practices. However, the Washington Free Beacon found that the O’Rourke team did not return all of the money:

In a court filing, former FTX CEO Sam Bankman-Fried asked to redact the names of the co-signers to his $250 million bail. The filing said the U.S. government has not taken a position on the request and that it's being done to protect the privacy and safety of the sureties. The filing said the two remaining sureties have yet to sign their individual bonds, the amounts of which have not yet been determined, but plan to do so by the Thursday deadline. "In recent weeks, Mr. Bankman-Fried's parents have become the target of intense media scrutiny, harassment, and threats.

In a court filing, former FTX CEO Sam Bankman-Fried asked to redact the names of the co-signers to his $250 million bail. The filing said the U.S. government has not taken a position on the request and that it's being done to protect the privacy and safety of the sureties. The filing said the two remaining sureties have yet to sign their individual bonds, the amounts of which have not yet been determined, but plan to do so by the Thursday deadline. "In recent weeks, Mr. Bankman-Fried's parents have become the target of intense media scrutiny, harassment, and threats. Among...

Disgraced Sam Bankman-Fried appears to be living a life of luxury, after pictures of him in an American Airlines lounge and business class seat emerged following his $250 million bond release. Photos show the accused fraudster Bankman-Fried relaxing at JFK's American Airlines Flagship lounge and later, without shoes, in a business class seat on a AA flight. The pictures, posted to social media on Friday show two snaps in the lounge with a caption saying that he was there 'with his parents, FBI and lawyers.' The person taking the lounge pictures said that they had asked if they could take...

It looks like the snowflake who ran the world's largest crypto money-laundering scheme has gotten himself temporarily freed from prison thanks to his mommy and daddy. From CNBC: His parents, both Stanford Law professors, were present in the courtroom. Bankman-Fried was flanked by two U.S. Marshals, dressed in a suit and tie. Bankman-Fried's parents would put up the equity in their home to partially satisfy bail conditions. As part of the release, Bankman-Fried would be released into the custody of his parents home. I'm pretty sure SBF bought his parents $30 million or so in real estate, so I have...

FTX founder Sam Bankman-Fried has now signed extradition papers in the Bahamas, where he lived in a multimillion-dollar mansion, after waffling on the decision since his initial court appearance last week. The disgraced former CEO signed the papers to waive an extradition hearing from the Bahamas and will now be flown to the United States to face prosecution after the collapse of a company that was once valued at $32 billion, according to acting Commissioner of Corrections Doan Cleare. Bankman-Fried, 30, had been expected in court Tuesday but did not appear, even as his lawyers and U.S. consular officials waited...

How can she conduct an impartial investigation of his Ponzi scheme? ... Sam Bankman-Fried, according to Victor Davis Hanson, “may have robbed perhaps a million investors, and along with them hundreds of large institutional investors.” He “protected from federal securities regulators, had drained off, lost, hidden, or spent billions of dollars of other people’s money.” Now his dear friend Maxine Waters (D-Incitement), who was caught on video blowing him a kiss in December 2021, will be leading an investigation into his sleazy FTX Ponzi scheme as Chair of the House Financial Services Committee. Waters initially stepped on a rake when...

Almost a full two weeks after first filing for bankruptcy on Nov. 11, the insolvent cryptocurrency exchange FTX finally held its first-day motion requests on Tuesday (Nov. 22). The hearing took place in Wilmington, Delaware, the traditional city where corporate bankruptcy cases are heard.Presided over by Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware, the Tuesday session focused on what assets FTX has, to whom they are owed, and where the overall bankruptcy case for FTX and its affiliates should be held.The remaining “how” of the once-popular crypto exchange’s implosion has been widely covered;...

Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show. Most of FTX's purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million. The deeds show these properties, bought by a unit of FTX, were to be used as "residence for key personnel" of the company. Reuters could not determine who lived in the apartments.

The Missouri State Employees’ Retirement System lost between $800,000 and $1 million because a private equity firm it invested in was invested in FTX, the embattled cryptocurrency exchange that filed for bankruptcy last week. https://www.aol.com/news/missouri-state-pension-system-lost-193325945.html

FTX Slush Fund Bankrolled Fake Studies To Hide Covid Therapeutics Clinical trials that found therapeutic medications ivermectin and hydroxychloroquine were ineffective Covid treatments were funded by defunct crypto exchange FTX. Amid the Covid pandemic, the FTX Foundation, helmed by now-infamous FTX CEO Sam Bankman-Fried, bankrolled a clinical trial study group known as Together. TogetherTrial.com homepage proudly displays FTX Foundation Group as its primary funder. Together ran trials that purportedly aimed “to identify effective repurposed therapies to prevent the disease progression of COVID-19.”“Can we use existing medications to treat people with early diagnosed COVID-19?” the Together group was supposedly tasked with...

The buzzy company called FTX that he co-founded made him worth $15.6 billion — and celebrities wanted in on the profits. Gisele Bündchen and Tom Brady co-starred in a $20 million ad campaign for FTX, receiving an equity stake in the company along with cryptocurrency in return. NBA legend Steph Curry was made a global ambassador for the company in exchange for an equity stake and even entangled his Eat.Learn.Play. charity with the platform. Tennis star Naomi Osaka was given an equity stake. Angels pitcher Shohei Ohtani and Aaron Jones of the Green Bay Packers both signed on as global...

FTX filed for bankruptcy last week, but the cryptocurrency exchange’s founder still thinks that he can raise enough money to make users whole, according to people familiar with the matter. Mr. Bankman-Fried, alongside a few remaining employees, spent the past weekend calling around in search of commitments from investors to plug a shortfall of up to $8 billion in the hopes of repaying FTX’s customers, the people said. The efforts to cover that shortfall have so far been unsuccessful. The Wall Street Journal couldn’t determine what Mr. Bankman-Fried is offering in return for any potential cash infusion, or whether any...