Breitbart Business Digest: SEC Says FTX Was Fraudulent from the Start
The arrest of Sam Bankman-Fried in the Bahamas preempted what was scheduled to be his testimony before the House financial services committee.

The arrest of Sam Bankman-Fried in the Bahamas preempted what was scheduled to be his testimony before the House financial services committee.

On Tuesday’s broadcast of the Fox News Channel’s “America’s Newsroom,” Rep. Lance Gooden (R-TX) stated that politicians who received donations from FTX or Sam Bankman-Fried received “stolen money” and these politicians need to give the money back and plan to

A Bahamas judge on Tuesday denied disgraced former CEO Sam Bankman-Fried bai, and he will be remanded to custody, according to reports.

On Tuesday’s broadcast of CNN International’s “Quest Means Business,” Rep. Jim Himes (D-CT) argued that the failure to have appropriate regulation of companies like FTX isn’t due to FTX’s campaign contributions, it’s because “most” members of Congress “are still learning”

U.S. prosecutors charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with violating campaign finance laws, according to an eight count indictment released Tuesday.

John Ray, the current CEO of FTX, testified Tuesday that the financial scandal at the crypto-exchange company is “plain old embezzlement.”

Disgraced former FTX CEO Sam Bankman-Fried whined about the loss of his net worth and blamed others for the collapse of FTX in prepared testimony Tuesday to the House Financial Services Committee.

Disgraced FTX founder and Democrat super donor Sam Bankman-Fried has been arrested on a number of charges including orchestrating a “years-long fraud.” Here are some of the previous allegations made against Bankman-Fried leading up to his arrest.

FTX founder and Democrat Super Donor Sam Bankman-Fried has been accused of orchestrating a “year-long fraud” by the Securities Exchange Commission.

The fleet of 87,000 IRS agents should focus on Sam Bankman-Fried rather than small businesses and working class Americans, Rep. Mike Loychik (R-OH) said on Tuesday as other politicians reacted to the arrest of the disgraced former CEO of cryptocurrency exchange FTX.

Sam Bankman-Fried, the disgraced founder and former CEO of cryptocurrency exchange FTX, was hit with a host of fresh charges Tuesday relating to financial crimes and campaign finance violations.

The new CEO of FTX, John Ray, will testify before the House Financial Services Committee on Tuesday, less than 24 hours after the arrest of the company’s former head, Sam Bankman-Fried. Ray became CEO after the cryptocurrency company filed for

Democrat Mega-donor and FTX founder Sam Bankman-Fried (SBF) was arrested in the Bahamas on Monday, just hours before he was scheduled to testify in front of the House Financial Services Committee on Tuesday.

Former crypto billionaire and FTX founder Sam Bankman-Fried has been arrested in the Bahamas after U.S. authorities filed criminal charges.

John Ray, the current CEO of FTX, blamed the digital currency exchange’s collapse on “grossly inexperienced and unsophisticated individuals” who failed to implement any controls, in prepared testimony for the House Financial Services Committee.

Sam Bankman-Fried, the disgraced former CEO of FTX, agreed on Friday to testify before the House Financial Services Committee under threat of a subpoena after a week of dodging.

After sending more than $1 million in campaign cash to her daughter since 2003, Rep. Maxine Waters’ reelection campaign sent another $8,000 to her daughter in September, according to a Fox News report.

Disgraced former FTX CEO Sam Bankman-Fried was slapped with a campaign finance complaint for alleged “serious violations” of election law as he said he made “dark money” contributions to Republicans and Republican groups during the 2022 primary season.

House Financial Services Committee Chair Maxine Waters reportedly informed a private group of Democrats that she does not plan on subpoenaing Sam Bankman-Fried, the disgraced former CEO of FTX, after the company’s collapse.

Rep. Andy Barr (R-KY), a member of the House Financial Services Committee, said on Monday that if disgraced former FTX CEO Sam Bankman-Fried can do a “media rehabilitation tour,” then he can testify in front of the committee.

Sam Bankman-Fried, the disgraced former CEO of FTX, on Sunday dodged House Financial Services Committee Chair Maxine Waters’ (D-CA) call to testify.

The Department of Justice has requested an independent examination into the collapse of crypto exchange giant FTX, according to a court filing from Thursday evening.

During a recent virtual appearance at the New York Times’ DealBook Summit, FTX founder Sam Bankman-Fried attempted to claim that he was “shocked” by the collapse of the crypto exchange and that he “screwed up.”

Bankrupt crypto lending firm BlockFi has reportedly filed a lawsuit against former FTX CEO and Democrat super donor Sam Bankman-Fried’s holding company Emergent Fidelity Technologies. BlockFi alleges that Bankman-Fried had put up $650 million worth of shares in Robinhood as collateral for a loan that he has since refused to pay.

Disgraced former FTX CEO Sam Bankman-Fried tried to build up a political empire to rival Democrat megadonor George Soros.

Cryptocurrency lender and financial services firm BlockFi has filed for bankruptcy as the fallout of Democrat super donor Sam Bankman-Fried’s FTX exchange collapsing continues to spread.

Amazon Studios is turning the Sam Bankman-Fried FTX cryptocurrency scandal into a limited drama series, with Disney-Marvel veterans Joe and Anthony Russo set to produce and direct.

Sam Bankman-Fried, the disgraced former FTX CEO who Elon Musk mocked via Twitter, is actually a partial owner of Twitter thanks to an offer from Musk, according to Semafor. SBF reportedly rolled his $100 million investment in Twitter stock into an ownership stake in Musk’s private company, a claim that Musk disputes. Despite allegedly taking SBF’s money, Musk claimed that when he met Bankman-Fried earlier this year, his “bullshit meter was redlining.”

In a recent article, the Wall Street Journal spoke to a number of FTX employees about the effect the crypto exchange’s collapse had on them. One executive threw up after learning that customers’ money was missing while others expressed anger and resentment towards crypto failure and Democrat super donor Sam Bankman-Fried.

The more we learn about FTX, the worse it looks.

Cryptocurrency lending firm Genesis Global Capital has reportedly asked crypto exchange Binance and private equity firm Apollo Global Management for cash. Genesis is faltering as the FTX contagion continues to spread throughout the cryptocurrency world.

FTX, the cryptocurrency exchange founded by Democrat super donor Sam Bankman-Fried that recently filed for bankruptcy, reportedly owed $3.1 billion to its 50 largest creditors.

The Wall Street Journal reports that during a funding round that raised $420 million for the cryptocurrency exchange FTX, almost three-quarters of the money went directly to founder and Democrat super donor Sam Bankman-Fried.

Former FTX CEO Sam Bankman-Fried and his cofounders donated over $300,000 to nine lawmakers who are now investigating the company for wrongdoing.

On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher stated that FTX CEO Sam Bankman-Fried’s mother, Stanford Law Professor, Barbara Fried, arguing that a belief in personal responsibility is bad makes the FTX collapse the “epitome” of how while the
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher reacted to former FTX CEO Sam Bankman-Fried’s donations to Democrats by stating that the FTX situation is a case where people thought, “as long as you’re on our team, we

The Intercept begged its readers for donations after the publication revealed that a multimillion-dollar grant from disgraced former FTX CEO Sam Bankman-Fried would be placed “on hold” due to FTX filing for bankruptcy.

John Ray III, the newly appointed CEO of FTX who previously oversaw the restructuring of the infamous energy company Enron, says that he has never before seen “such a complete failure” of corporate controls as he has with FTX.

House Financial Services Committee Chairman Maxine Waters (D-CA) dodged questions on whether Democrats who received donations from the disgraced former FTX CEO Sam Bankman-Fried should return the donations.

Disgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds.
