-28 Dec 22-
Make no mistake about it. The FTX fix is in and it’s unpacking in the full public spectrum just as projected and just as evidenced. This position was assumed essentially from the very beginning of this series of articles covering the FTX/Ukraine scandal and before Sam Bankman-Fried was arrested. Problematic to any prosecution being conducted with fidelity to the rule of law was the jurisdiction of SDNY respective to its concocted arrest of SBF as an interceding maneuver on SBF’s scheduled remote testimony in the U.S. House of Representatives. Simply stated, the public can not be permitted to learn the truth.
This is the 18th article in a series dedicated to or in-part covering the FTX scandal. New developments further expand our understanding at the same time they provide additional evidence for assumed positions.
The last article in this series – Today’s Sam Bankman-Fried Is Yesterday’s John Corzine and In Between Is the Same Obama-Biden-Clinton Cartel – provides a detailed account of the fix that is in play backed by the history of John Corzine, which serves as the backdrop and roadmap.
I also projected that Caroline Ellison, the ex-CEO at FTX subsidiary and hedge fund Alameda Research, would roll over on Bankman-Fried. That happened and it preceded SBF’s arrest. Subsequently and to avoid a 110-year prison sentence, court documents indicate that Ellison admitted that she and SBF “signed off on “materially misleading financial statements” for Alameda lenders – knowing it was illegal.”
Appearing in federal court to plead guilty to seven criminal counts, Ellison admitted that she and Bankman-Fried conspired to steal billions of dollars from FTX customers.
“I understood that FTX executives had implemented special settings on Alameda’s FTX.com account that permitted Alameda to maintain negative balances in various fiat currencies and crypto currencies.”
“In practical terms, this arrangement permitted Alameda access to an unlimited line of credit without being required to post collateral, without having to pay interest on negative balances and without being subject to margin calls or FTX.com’s liquidation protocols.”
“If Alameda’s FTX accounts had significant negative balances in a particular currency, it meant that Alameda was borrowing funds that FTX’s customers had deposited onto the exchange.”Caroline Ellison
Admissions from Ellison indicate allegations that Bankman-Fried and other FTX executives borrowed funds from Alameda and used FTX funds to repay “loans worth several billion dollars.”
A back channel between FTX and the Biden White House that was comprised of Sean McElwee and DataForProgress functioned as a conduit for communication between McElwee, Biden Administration officials and a slate of prominent reporters. The day after FTX filed for bankruptcy and Bankman-Fried resigned as CEO at FTX, McElwee immediately shut down the channel of communication.
McElwee is a well-known progressive activist who started the “Abolish ICE” movement and in 2018 founded Data for Progress, a progressive think tank with an emphasis on influencing public policy through polling. DFP quickly embedded itself into the top layers of the Democratic firmament. More recently, McElwee became a close political ally and adviser to FTX founder SAM BANKMAN-FRIED. (They were connected through Shor, according to a friend of both men.)
McElwee had easy access to the White House and the press. And he made sure they had access to him. He kept an open Slack channel at DFP that became a rolling conversation between McElwee, Biden administration officials and some well-known reporters — a kind of JournoList for the early 2020s.
On Nov. 12, the day after FTX filed for bankruptcy and SBF resigned as CEO, McElwee abruptly shuttered the Slack channel. Six days later, he and Data for Progress began negotiating his exit from the firm he had built.Politico
Another matter of suspicious timing comes from this headline: Alameda Wallets Suddenly Become Active Day After SBF’s Bail-‘Out’. The damning details from the piece at Zero Hedge indicate,
The crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, were seen transferring out funds just days after the former CEO Sam Bankman Fried was released on a $250 million bond.
The transfer of funds from Alameda wallets raised community curiosity, but more than that, the way in which these funds were transferred grabbed the community’s attention. The Alameda wallet was found to be swapping bits of ERC-20s for Ether/Tether, and then the ETH and USDT were funneled through instant exchangers and mixers.
On-chain analyst ZachXBT noted that the Alameda wallet was eventually swapping the funds for Bitcoin using decentralized exchanges such as FixedFloat and ChangeNow. These platforms are often used by hackers and exploiters to hide their transaction routes.
Many speculated that the pattern in which these funds are being swapped looks like an exploiter, but given Bankman-Fried’s known criminal past now, many speculated it could be an insider job to take out whatever is left in those wallets.Prashant Jha via CoinTelegraph.com
The article also questions why it is that SBF was not restricted from internet access, which is further evidence emblematic of Bankman-Fried being handled with kid gloves in a concocted judicial scenario far from giving fidelity to the rule of law and where he was remanded on bail to his parents with no actual money being posted for his supposed $250 million bail.
Further evidence of the long projected FTX/SBF fix is found in the assignment of a new presiding judge following Obama-appointed Judge Ronnie Abrams’ recusal. Consider, this headline and the following extract: Bankman-Fried Criminal Case Assigned To Judge In bin Laden, Epstein-Linked Cases:
With Sam Bankman-Fried – a democrat donor so generous a March 2021 interview in the leftist outlet VOX said that SBF was “among the people most responsible” for Joe Biden being in office – spending hundreds of millions to buy favors, influence and fawning media support, it was hardly a surprise when we learned last week that Judge Ronnie Abrams (appointed by Barack Obama in 2012) recused herself from prosecuting SBF in his upcoming criminal case due to work her husband Greg Andres’ law firm Davis Polk did for FTX (before joining Davis Polk, Andres served as an Assistant Special Counsel for Russian interference in 2016 United States elections under Robert Mueller).
So fast forward to today when Sam Bankman-Fried’s criminal case was reassigned to Bill Clinton-appointed District Judge Lewis Kaplan, recently known for handling a Epstein-linked sexual abuse lawsuit against Britain’s Prince Andrew, and defamation lawsuits against Donald Trump, and is also known for presiding over a number of federal racketeering cases involving Mafia members. In April 2010, Kaplan was assigned to preside over the cases of 14 Gambino crime family members arrested on charges, among others, of racketeering, racketeering conspiracy, witness tampering (in the 1992 trial of John Gotti), and sex trafficking of a minor.Zero Hedge
Every remedy for the redress of grievances has been effectively eliminated by the infiltration and installation of corrupt, criminal and treasonous people at every meaningful interface through America and her agencies, departments and institutions; and this could not be more true than it is for the judiciary.
As I’ve long contended, inauguration day 2021 was the most important date on the calendar because once then President Donald J. Trump abdicated in deference to traitors and communists, the last avenue for redress was closed off to Americans.
The FTX fix is unpacking in the full public spectrum and nothing is going to intercede on that. Write it down and take it to the “bank man” to deposit.