NY - Samuel Bankman-Fried (FTX), Alleged Fraud, Money Laundering, 2019-2022 *Arrest*

[watergirl62]

North Dimension was central to misappropriation of FTX customers' cash, regulators say

North Dimension was where FTX customers were told to wire money if they wanted to trade on its exchange, according to a complaint filed by the SEC.

www.nbcnews.com

BBM

northdimension.org
This is the only web content left that I could find for either entity.

About — North Dimension

About NORTH DIMENSION

www.northdimension.org

 

[scapa]

northdimension.org
This is the only web content left that I could find for either entity.

About — North Dimension

About NORTH DIMENSION

www.northdimension.org

Here's the link via the Wayback Machine. NOTE: you may get a popup offering you 25% off of... something.

North Dimension Inc. - Mobile Traders

North Dimension Inc. - Bootstrap eCommerce Template

web.archive.org

The site is clearly bogus. It's odd that it would have an org designation if it were a commercial entity.

Site link also directly available from this article:

This little-known firm with a weird website was central to the misappropriation of FTX customers' money, regulators say

North Dimension was where FTX customers were told to wire money if they wanted to trade on its exchange, according to a complaint filed by the SEC.

www.cnbc.com

 

[Gemmie]

Emails reveal Sam Bankman-Fried's courtship of federal regulators

The cryptocurrency billionaire employed several former regulators who aided his efforts to woo top CFTC officials, emails obtained by the Los Angeles Times show.

www.latimes.com

This is an excellent article. It’s hard to summarize but basically lays out the integration of former colleagues of SEC and CFTC into the upper-ups at FTX to push favorable legislation.

He was also a frequent guest on CNBC financial news. I tried to find some of his old videos of him on the show to see what he was saying, and how he was saying it, but I couldn't find any after trying for some time.

Has anyone run across any of those vids/interviews with him from CNBC? TIA

 

[Gemmie]

Under federal sentencing guidelines, Ellison could face up to 110 years in prison (ouch), while Wang could face up to 50 years. Both are cooperating with federal prosecutors under plea deals that would virtually guarantee them lighter sentences.

https://www.cnn.com/2022/12/26/business/ftx-caroline-ellison-bankman-fried/index.html

 

[Countem]

He was also a frequent guest on CNBC financial news. I tried to find some of his old videos of him on the show to see what he was saying, and how he was saying it, but I couldn't find any after trying for some time.

Has anyone run across any of those vids/interviews with him from CNBC? TIA

Here are a few that I tracked down. I am sure there are more.

October 21, 2021:

FTX CEO says bitcoin futures ETF is a 'huge step forward' as his crypto exchange eyes U.S. expansion

FTX has its sights set on U.S. expansion after licensing and regulation obstacles are cleared, according to CEO Sam Bankman-Fried.

www.cnbc.com

November 24, 2021:

FTX CEO Sam Bankman-Fried on crypto sports partnerships

Sam Bankman-Fried, founder and CEO of FTX, joins "Crypto Night in America" to discuss the rise in crypto sports partnerships.

www.cnbc.com

December 20, 2021:

FTX CEO discusses what he would like to see out of crypto regulation in the U.S.

FTX CEO Sam Bankman-Fried appeared on Monday's episode of "Mad Money," discussing what he believes cryptocurrency regulation should look like in the U.S.

www.cnbc.com

January 13, 2022:

The biggest source of news this year is going to be on the regulatory front, says FTX's Bankman-Fried

Sam Bankman-Fried, founder and CEO of FTX, joins 'Crypto Night in America' to discuss bitcoin's recent rough patch.

www.cnbc.com

January 31, 2022:

FTX raises $400 million in Series C funding round, gives company $32 billion valuation

Sam Bankman-Fried, FTX co-founder and CEO, joins 'Squawk on the Street' to discuss the company's latest funding round and how the company is faring after cryptocurrency prices fell to start the year.

www.cnbc.com

February 24, 2022:

FTX CEO Sam Bankman-Fried says regulation uncertainty keeps big banks on crypto sidelines

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sam Bankman-Fried, CEO of...

www.cnbc.com

March 9, 2022:

This executive order is just a reflection of where the administration is, says FTX's Bankman-Fried

FTX founder and CEO Sam Bankman-Fried joins Carl Quintanilla and 'Crypto Night in America' to discuss President Biden’s executive order and his hopes for regulation in the space.

www.cnbc.com

March 18, 2022:

It's difficult for Russian oligarchs to use crypto, says FTX CEO Sam Bankman-Fried

Sam Bankman-Fried, FTX CEO, joins 'Closing Bell' to discuss Sen. Warren's bill to prevent Russians from using cryptocurrency to avoid sanctions.

www.cnbc.com

April 26, 2022:

The crypto community is excited for Musk's purchase of Twitter, says FTX's Sam Bankman-Fried

Sam Bankman-Fried, FTX CEO, joins CNBC's Kate Rooney on 'Power Lunch' to discuss bitcoin, cryptocurrencies and Twitter.

www.cnbc.com

June 9, 2022:

Federal regulation is good for cryptocurrency, says FTX's Sam Bankman-Fried

Sam Bankman-Fried, FTX founder and CEO, joins the 'Halftime Report' and CNBC's Bob Pisani to discuss cryptocurrencies and attempts at federal regulation.

www.cnbc.com

September 16, 2022:

FTX still has $1 billion to deploy, says CEO Sam Bankman-Fried

FTX CEO Sam Bankman-Fried went from buying his first bitcoin to becoming a multibillionaire in just the past five years. CNBC's Kate Rooney joins 'Squawk Box' to report on Bankman-Fried's rise to the top of the crypto industry.

www.cnbc.com

 

[Countem]

I am actually really looking forward to this novel. This renowned author seems to have been interviewing SBF months before FTX’s collapse. With his extensive experience researching misdeeds in the business world, I am curious if he saw FTX’s bubble bursting well before the rest of us or if his interviews with SBF were simply coinciding with a larger piece on the crypto industry as a whole.

Sam Bankman-Fried was reportedly visited by 'Big Short' author for 'several hours' while under house arrest

Apple was reportedly nearing a deal for Lewis' eventual book on Bankman-Fried's fall and FTX's collapse.

www.businessinsider.com

“The Big Short" author ML met with Sam Bankman-Fried for "several hours" last week, The New York Post reported.

This isn't the first time ML had met with Bankman-Fried. In November, the Hollywood trade The Ankler reported that ML had been interviewing Bankman-Fried for six months.

Deadline reported last month that Apple was closing in on a deal for the rights to ML’s eventual book on the fall of FTX and Bankman-Fried, with plans to turn it into a film.

 

[Countem]

It was only a matter of time before this came about.

Customers of failed crypto company FTX file class action after alleged 'fraud of epic proportions'

Customers of collapsed cryptocurrency exchange FTX have filed a class action lawsuit against the company and its former top executives, including Sam Bankman-Fried, seeking a declaration that its holdings of digital assets belong to customers.

www.abc.net.au

FTX customers have filed a class action lawsuit against the failed crypto exchange and its former top executives, including Sam Bankman-Fried, seeking a declaration that the company's holdings of digital assets belong to customers.

 

[Countem]

This bankruptcy has got to be one of the messiest of the century. It will be interesting to see where the dust settles.

Alameda Lent Sam Bankman-Fried $546 Million for Robinhood Stake

www.bloomberg.com

FTX founder Sam Bankman-Fried said he and former executive Gary Wang borrowed more than $546 million from Alameda Research to buy a nearly 8% stake in Robinhood Markets Inc, according to court papers.

The Robinhood stake — about 56 million shares in total — is at the center of a multi-jurisdictional ownership fight playing out in Antigua, New Jersey and Delaware. FTX, bankrupt crypto lender BlockFi Inc. and an individual FTX creditor are all trying to establish claims to the shares in separate legal proceedings.

 

[Countem]

A new judge has been assigned. He has a history of high-profile cases noted in the article (and even a case concerning crypto), so this should be interesting.

Sam Bankman-Fried's judge is a no-nonsense 78-year-old veteran with 3 decades on the bench known for getting irritable

Judge Lewis Kaplan is currently presiding over the civil case brought by E. Jean Carroll against ex-President Donald Trump.

fortune.com

Since then, [Judge LK] has overseen numerous high-profile trials and several cases notable in the financial world, including what authorities had described as the first federal bitcoin securities fraud prosecution. Kaplan sentenced the defendant to 18 months in prison.

[Judge LK] has been known over the years to become irritable with lawyers on all sides.

 

[Gemmie]

This bankruptcy has got to be one of the messiest of the century. It will be interesting to see where the dust settles.

Alameda Lent Sam Bankman-Fried $546 Million for Robinhood Stake

www.bloomberg.com

I think it's going to be more like nuclear fallout vs dust settling. But that's MOO. LOL

 

[Gemmie]

Here are a few that I tracked down. I am sure there are more.

October 21, 2021:

FTX CEO says bitcoin futures ETF is a 'huge step forward' as his crypto exchange eyes U.S. expansion

FTX has its sights set on U.S. expansion after licensing and regulation obstacles are cleared, according to CEO Sam Bankman-Fried.

www.cnbc.com

November 24, 2021:

FTX CEO Sam Bankman-Fried on crypto sports partnerships

Sam Bankman-Fried, founder and CEO of FTX, joins "Crypto Night in America" to discuss the rise in crypto sports partnerships.

www.cnbc.com

December 20, 2021:

FTX CEO discusses what he would like to see out of crypto regulation in the U.S.

FTX CEO Sam Bankman-Fried appeared on Monday's episode of "Mad Money," discussing what he believes cryptocurrency regulation should look like in the U.S.

www.cnbc.com

January 13, 2022:

The biggest source of news this year is going to be on the regulatory front, says FTX's Bankman-Fried

Sam Bankman-Fried, founder and CEO of FTX, joins 'Crypto Night in America' to discuss bitcoin's recent rough patch.

www.cnbc.com

January 31, 2022:

FTX raises $400 million in Series C funding round, gives company $32 billion valuation

Sam Bankman-Fried, FTX co-founder and CEO, joins 'Squawk on the Street' to discuss the company's latest funding round and how the company is faring after cryptocurrency prices fell to start the year.

www.cnbc.com

February 24, 2022:

FTX CEO Sam Bankman-Fried says regulation uncertainty keeps big banks on crypto sidelines

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sam Bankman-Fried, CEO of...

www.cnbc.com

March 9, 2022:

This executive order is just a reflection of where the administration is, says FTX's Bankman-Fried

FTX founder and CEO Sam Bankman-Fried joins Carl Quintanilla and 'Crypto Night in America' to discuss President Biden’s executive order and his hopes for regulation in the space.

www.cnbc.com

March 18, 2022:

It's difficult for Russian oligarchs to use crypto, says FTX CEO Sam Bankman-Fried

Sam Bankman-Fried, FTX CEO, joins 'Closing Bell' to discuss Sen. Warren's bill to prevent Russians from using cryptocurrency to avoid sanctions.

www.cnbc.com

April 26, 2022:

The crypto community is excited for Musk's purchase of Twitter, says FTX's Sam Bankman-Fried

Sam Bankman-Fried, FTX CEO, joins CNBC's Kate Rooney on 'Power Lunch' to discuss bitcoin, cryptocurrencies and Twitter.

www.cnbc.com

June 9, 2022:

Federal regulation is good for cryptocurrency, says FTX's Sam Bankman-Fried

Sam Bankman-Fried, FTX founder and CEO, joins the 'Halftime Report' and CNBC's Bob Pisani to discuss cryptocurrencies and attempts at federal regulation.

www.cnbc.com

September 16, 2022:

FTX still has $1 billion to deploy, says CEO Sam Bankman-Fried

FTX CEO Sam Bankman-Fried went from buying his first bitcoin to becoming a multibillionaire in just the past five years. CNBC's Kate Rooney joins 'Squawk Box' to report on Bankman-Fried's rise to the top of the crypto industry.

www.cnbc.com

THANK YOU, THANK YOU, THANK YOU!!!

Since I used to be known as the search Queen (could find just about anything when others could not)... can I ask what your search criteria was and where you did your search? Was it Goog, CNBC, etc.? I did both, using various words and came up with a big goose egg.

ETA - I just received this in an email "Those are some pics. You are really good at research.", which is why I wanted to know how you found those vids when I didn't! LOL

 

[ElizB]

This bankruptcy has got to be one of the messiest of the century. It will be interesting to see where the dust settles.

Alameda Lent Sam Bankman-Fried $546 Million for Robinhood Stake

www.bloomberg.com

How can anyone think they can get away with something like this?

 

[Gemmie]

I am actually really looking forward to this novel. This renowned author seems to have been interviewing SBF months before FTX’s collapse. With his extensive experience researching misdeeds in the business world, I am curious if he saw FTX’s bubble bursting well before the rest of us or if his interviews with SBF were simply coinciding with a larger piece on the crypto industry as a whole.

Sam Bankman-Fried was reportedly visited by 'Big Short' author for 'several hours' while under house arrest

Apple was reportedly nearing a deal for Lewis' eventual book on Bankman-Fried's fall and FTX's collapse.

www.businessinsider.com

As for the film... They'd better get an unruly curly haired actor who lisps! I'm serious! NO Kit Harrington's!!! (too handsome with no lisp. He only has the curly hair. I want realism!) LOL My vote is for ‘Stranger Things’ actor Gaten Matarazzo.



Pic source: 'Stranger Things' actor Gaten Matarazzo speaking at Weasler, April 19 - Marquette Today

 

[Gemmie]

As for the film... They'd better get an unruly curly haired actor who lisps! I'm serious! NO Kit Harrington's!!! (too handsome with no lisp. He only has the curly hair. I want realism!) LOL My vote is for ‘Stranger Things’ actor Gaten Matarazzo.

View attachment 390412

Pic source: 'Stranger Things' actor Gaten Matarazzo speaking at Weasler, April 19 - Marquette Today

They're gonna have to stick his head in a wind tunnel before he goes on set. His hair is too 'under control' looking. lol

 

[Elley Mae]

1. The SEC has alleged that Sam Bankman-Fried orchestrated a years-long fraud scheme. A closer scrutiny of court documents reveal an underlying theme of commingled funds, overlapping and mixed finances, and inexcusable, messy bookkeeping.

Sam Bankman-Fried's FTX saga keeps getting weirder as new details shed further light on how much his company's finances overlapped.

FTX directed users to wire money to a fake online electronics retailer, and SBF bought Robinhood using customer funds — Insider's Phil Rosen breaks it down.

www.businessinsider.com

Then, consider a separate SEC complaint that alleged FTX customers were told to wire money to an obscure, fake electronics retailer with a website full of misspelled words and unusually priced items.

This subsidiary, North Dimension, played a key role in putting user's funds in the coffers of Alameda to use in trading.

The website, which has now been deactivated, would list a laptop or cell phone at a "sale" price of $899, compared to its "normal" price of $410.

Weird, right?

I certainly think so. But look at this: FTX execs reportedly hid $8 billion in liabilities in a customer account that Bankman-Fried referred to as "our Korean friend's account," according to CFTC prosecutors.

 

[Howl]

CNBC: "It’s difficult for Russian oligarchs to use crypto, says FTX CEO Sam Bankman-Fried"​

SRSLY, what a joke.
Russian oligarchs are extremely skilled at laundering dirty money. They function in a kleptocracy and have been laundering staggering amounts of dirty money for many decades, often through real estate, golf resorts, yachts. They probably did a communal happy dance when cryptocurrency showed up on the scene, making it even EASIER to launder dirty money.

​

 

[Countem]

THANK YOU, THANK YOU, THANK YOU!!!

Since I used to be known as the search Queen (could find just about anything when others could not)... can I ask what your search criteria was and where you did your search? Was it Goog, CNBC, etc.? I did both, using various words and came up with a big goose egg.

ETA - I just received this in an email "Those are some pics. You are really good at research.", which is why I wanted to know how you found those vids when I didn't! LOL

Of course! My first strategy was to Google “CNBC Sam Bankman-Fried”, and I used the video filter. I then sorted through until I found one that was older than a few months old. I found a couple more and noted that they were all in the official CNBC website. Then,on the CNBC website, I searched “Sam Bankman-Fried” and, in the filter section, selected “Video.” That ishow I found the rest. Paid subscribers to CNBC have access to full SBF interviews, as well, but I passed on linking those.

 

[Elley Mae]

Sam Bankman-Fried ‘surprisingly optimistic’ at meeting with sexy crypto influencer Tiffany Fong

Exclusive | Sam Bankman-Fried ‘surprisingly optimistic’ at meeting with sexy crypto influencer Tiffany Fong

Sources said Tiffany Fong stayed late into the night during her visit to see the accused fraudster, in which they discussed his current predicament.

nypost.com

Fong — who boasts 19,000 YouTube followers and 39,000 Twitter followers — describes her current occupation on LinkedIn as a self-employed “Reluctant Crypto Content Creator” and said she just happened to be in nearby San Francisco to spend the holidays with her sister and her husband when she got a message from Bankman-Fried.

Quickly rising in the Crypto community, Fong caught the notice of the Biden administration, who invited her to the White House Christmas Party, where she quipped she let Biden “smell my hair,” in an Instagram post of her smiling beside the president.

 

[Elley Mae]

Alameda wallets funnel over $1.7M via crypto mixers overnight

Alameda wallets funnel over $1.7M via crypto mixers overnight

Alameda-linked wallets moved over $1.7 million worth of crypto assets using crypto mixer services to avoid detection, raising many eyebrows.

cointelegraph.com

 

[Countem]

EDIT: After reading the original Reuters article, I see mention of SBF entering a “plea” next week not a “plea deal” as reported in Yahoo! Finance (which references the Reuters article). The mention of a “plea deal” may be erroneous.

While it would be nice to save time and money by resolving this case with a plea deal, SBF has been so outspoken about his innocence since the collapse, I am actually a little surprised that he may not be taking it to trial. I suppose that he may know that his chances are slim with his “right-hand” team willing to testify against him, MOO.

FTX founder Sam Bankman-Fried likely to enter plea deal: report

Sam Bankman-Fried is expected to enter a plea deal next week to fraud charges connected to the collapse of cryptocurrency FTX Reuters reported.

finance.yahoo.com

Sam Bankman-Fried is expected to enter a plea deal next week to fraud charges connected to the collapse of the Bahamas-based cryptocurrency exchange he founded, FTX.com, Reuters reported early Thursday morning, Hong Kong time.

Bankman-Fried is expected to appear back in the Manhattan federal court on Jan. 3, 2023.