How Do You Like Your Sam Bankman’s, Fried?

How Do You Like Your Sam Bankman’s, Fried?

Or Charbroiled with lemon and butter? You’re not going to get either one just saying, I’ll attempt to explain that here. This little 30-year old that sounds like he’s got an intellect not surpassing age 15 in an interview, well he’s a total dweeb. And some of you gave this clown your money? Sam’s mommy works at Stanford University, does that knowledge shed light, or give you any indication of who they’re loyal to, or who they hang with? Lawless Democrats no doubt. Remember when Stanford University changed their football mascot to a Sequoia tree so they could hug it? Football is so mean when you’re a Lefty… I remember when that story made the national news.

Sam lawyered up these days, he has no intention of getting battered and “Fried” up, for “misappropriating” an estimated $9 billion of depositor money. Wow, that makes the Bernie Madoff decades long scam pale in comparison in my opinion. But Sam gave $100 million to the Democrat Party along the way so isn’t he off the hook now? 🙂 That’s how Sam and Mommy roll, never forget to pay off influential lawmakers in advance. Remember that lawmakers in Washington are worth it but they need to be paid first; Democrats set those rules and Sam obeyed them.

When Congress recently asked Sam to testify in front of a committee he originally said he would. That changed the other day when he replied, “like I had no plans to testify? I’m kind of busy, lots on my plate right now, and the paparazzi, well you know?” We know Sam, it’s not important, just $9 billion missing here. Sam stays busy playing video games when he’s not using other people’s hard-earned money to fund a lavish lifestyle in the Bahamas… enough to make his woke Stanford Mom proud!

Meanwhile, this whole crypto thing has been a mess since its inception. It’s nothing but the wild, wild West with tons of experts [all in their 20’s and 30’s] telling us how it’s all going to make sense one day? I’m waiting and while I waited Bitcoin went from $67,000 to $16,000 more recently. Just funny money though right? But virtual commodities do that, in the absence of anything one can see and touch. I’d rather invest in things that are old fashioned like stocks and bonds but how gouache is that? For never having been minted them cryptos sure snagged a bunch of capital. I get it, there’s people really hurting out there, many have lost tons of money but Bitcoins still have a bid at least. What doesn’t have a bid is a crypto exchange named FTX headed up by this latent teenager. Federal regulators are now sifting through the wreckage to identify assets that may have value in order to liquidate them and pay something back to depositors. I hope if you’re a victim of this fraud that you’re not thinking you’re going to be made anywhere near whole, because you’re not. You’ll be lucky to get 5-10 cents on the dollar when this is all said and done. Why? Attorneys are most of the reason why, attorneys make out like bandits in cases like these, and they’re hovering over this one like buzzards with dollar signs [in their eyes] over a roadkill about now.

So what happens to Sam Bankman Fried, a person that would have received the electric chair had this happened back in the 1940’s? Turns out for the bad guys I/we’ve seen this pattern play out over and over and over again. My best bet is we can expect two things going forward –

The first thing that you’ll notice is that Sam will come down with all sorts of strange ailments, [a very common defense tactic these days]. His lawyers have already set the stage by stating that Sam missed taking his required medications because he was brought in on charges. I guess they don’t have cups of water in prison to take pills – who knew? This is just the beginning, he’ll be on a cane or in a wheelchair in no time. You remember how it made him so sick to spend $9 billion of other people’s money don’t you?! LMAO! Remember how Bill Cosby went blind and couldn’t walk after drugging and raping those ladies? But ONLY after he was being charged with his crimes. Bill was all healthy before those court dates. LMAO!

The second thing you’ll notice is that this case will stretch out for years on end. Defense attorneys get paid more when they stall verdicts. Meanwhile, get the crutches and the canes and wheelchairs ready because this little dweeb is going to need them to enter a courtroom. Bottomline, this nefarious overgrown teenager has a better chance of being assassinated by a disgruntled customer of FTX than he does in serving a long prison term. One must remember, we’re living in a woke world where the FBI is the most corrupt federal agency in the country and they’re supposed to be the leader in law enforcement. 😉

Conclusion –
If you’re one of those unfortunate enough to have lost money @ FTX, there’s a huge lesson to be learned here. Never invest in anything with anyone without some kind of regulatory oversight. Never! Caution flags were all over the place, I feel sorry for those of you who ignored them –
1. FTX Exchange was domiciled in the Bahamas, this tiny country has been a tax-haven for Americans to hide assets from taxation in the past.
2. 30-year old dweeb named Sam Bankman is going to custody your assets outside the United States and keep them safe?
3. Crytpo currencies are virtual commodities, they do not exist in the physical world at all, they are a record on some database, located nowhere near you.
4. Crypto currencies are not only unregulated commodities, but the SEC has never even written one opinion on them yet.
5. Exchanges and banks, really all financial institutions domiciled in the United States must be insured to custody assets in the event of a failure, a liquidation, or in cases of theft/corruption. FTX offered no such protection to customers.

All huge warning signs, learn from these warning signals so history need never be repeated!

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