FINANCE MARK
Caroline Ellison’s court testimony has now been released. This follows her pleading guilty to seven fraud related charges. She makes astounding admissions in relation to misusing customers’ funds, deceiving lenders and investors, and accounting fraud.
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Time stamps:
* 0:00 Caroline Ellison’s testimony released
* 0:32 Insane borrowing practices and misusing customer funds
* 4:13 It gets worse: Alameda “loaned” money to FTX execs
* 5:36 Accounting fraud: deceiving lenders and investors
* 6:47 Caroline Ellison is sorry. Maybe.
* 7:53 What does this mean for SBF?
#CarolineEllison #FTX
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What about her family connections. Her father and SEC chairman worked together at MIT. She has high level friends. Doubt she will serve any time in jail. The little creep deserves to rot in prison.
It’s beyond OK…matter of fact this is all fine…. why is everyone making such a big deal about this little story, for weeks on end…jeez From the sound of this video one would be inclined to believe that FTT token went up in smoke and that these trite amounts of dineros won’t be refunded through our wonderful gubment’s omnibus bill (that Mark Moss so eloquently broke down in a recent video)…y’alls dumb…’murica gonna fix it…Mr Ray gonna get every penny back plus this bill is 4,100 pages, so I’m positive that to refund FTX customo’s funds is in there somewhere-top priority. like I said, soon all will be peachy-dandy!💸💉🎉🦠🍾 imma vote real hard next election, won’t you join me?! not financial advice only invest what you can afford to lose 😂
SAMS PARENTS ARE THE FRAUD.
I’d take my chances in the US courts. I wouldn’t want to risk a non-US prison sentence.
There is no learning curve. Yet Millennials will send off good money to the next crypto exchange that comes along.
What was the end game here? Did they think they would just get away with this mess?
This will be reliable if sbf remains in the Bahamas where the crime was committed but he is now free and protected in America espically after he paid $250millions to the authorities of the stolen money. Bye bye investors money 😁
Can't wait to see these three face justice
Typical case of 'there is no honor amongst thieves ' ! Now it's payback time for these well educated crooks.
Corzine's MF Global also misappropriated client funds. He was well connected and got away with it. FTX… young, dumb and full of …..
Once money is embezzled it becomes contraband. Thereafter, every person in receipt of money is guilty of receiving stolen property. Use the words embezzlement and receipt of stolen goods.
At least the crypto market can gather the coins and melt them down and sell the metal… oh wait. Well at least they can auction off the mining equipment and.. oh wait.. Okay I confess I've laughed at crypto from the start, and this is all just comedy gold. Stupid. Let's burn a ton of electricity to play with monopoly money.
These 29 old and 31 old ADULTS should only be given ONE MEAL a day, without bed and and no roof. These CRIMINALS ruined millions of hard eaners savings.
Caroline looks as though she has been artificially aged to an old lady 🤮
Why is that head man sitting in his parents stolen money home and eating vegan food. He should be somebody’s bitch in a jail cell.
Inferior Genetics and close access to vast amounts of money. Hitler was a horrible bastard of a human but yet he still (((knew something about them))). These are Zelenskys people
SBF is too connected to the Democrat power machine for much to happen to him. Everyone in power that took money from him has been doing their best to keep the media and SEC away from him, while still praising him and his apology tour.
Crypto, through your Windows
From your pillow
Will you pardon me? Come
Crypto through the tulips with me?
Crypto, in the moonlight
To the shadows
That is where I'll be. Come
Crypto through the tulips with me
[Verse]
Nose deep in dollars we'll stay
We'll keep S E C away. And if I
Grift you in the shadows, in a ponzi
Will you pardon me? Come
Crypto (like the tulips) with me.
“But…but….we HAD to do it this way so we could funnel money to the DNC via Ukraine and the ‘Big Guy’ could get his 10%.
lol
When say say she don’t use stoploss… u know she a freaking fraud lol
She'll get about as much time as "Brittany Griner" did in the Russian clink …
On the evidence, is SBF also going to be charged with pedophilia?
We now live in a world of buyer beware, and most don't realize it. I bought into the PM world and no one is coming to right those wrongs.
Book 'em all for life. This is not fraud….this is stealing.
Alameda research? What did it research 🤔
She needs to go to prison, period. Don't forget that Sam Bankman Fraud's mother was Hillary Clinton's LAWYER. They had to pay approximately 10% of his $250,000,000 bail or $25,000,000 to be out for Christmas with the family.
The real charges have yet to be laid … Abuse of the mentally challenged (that is to say retarded) braindead "investors."
Caroline is sorry.. that's cute.
She's sorry she got caught.. She didn't seem the least bit sorry before everything blew up in her face.
Firing squad
its complicated frankly i understand nothing
I have never truly understood Crypto and have never trusted it.
I am not especially wealthy but what I have is real.
My question is who were the counter parties in these “trades” and were these supposed “trades” or transfers into another account. This is a method on Wall Street to make payoffs to politicians. This is the next focus in my mind.
Chosen people strike again
Caroline is so cute
People who put money into this are just fuckwits…. Losers 🖕🖕🖕 Love it, yes lets give money to kids on drugs to invest for us 🤣🤣🤣
I'm sorry but who was dumb enough to invest in or trade on this platform. I've got two words for you: due diligence. Perform it, don't assume because someone has a big name that they can't fuck you out of your money. Assume guilt and malevolence, whilst you can stiffed. How did no one think that 10% net profit guarantee came at a very risky cost?!
WHO ARE HER PARENTS/ RELITIVES???? IS SHE RELATED TO LARRY ELLISON?
The question I have is how long they think they are going to stay alive when they get out? You can bet they were playing with some rough players in this scheme. Some people are not going to let them just steal money from them at that rate and let them keep walking around breathing air.
Great breakdown, thanks for the update on the story!
For all the traders out there who think Alameda had an unfair advantage that you couldn't get, I'm not so sure… Has anyone tried trading on a negative balance after sleeping with their broker?