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

[al66pine]

Whoops, just noticed that @Elley Mae was the sleuther who originally posted link to article.
Shame on me for failing to read thru all new-to-me posts.

ThankYouVeryMuch @Elley Mae

 

[Gemmie]

Kaplan said he would recommend that Ellison be incarcerated in a minimum-security prison and begin serving her sentence in November. Ellison may be eligible for release a few months shy of two years if given credit for good behavior in prison.

https://www.reuters.com/world/us/bankman-frieds-ex-girlfriend-ellison-be-sentenced-over-crypto-fraud-2024-09-24/

 

[ch_13]

The Verge's take on Caroline Ellison is basically that she's a people-pleaser.

Why did Caroline Ellison do it?

When being a people pleaser goes wrong.

www.theverge.com

Maybe Kaplan had a tough time understanding why Ellison got sucked into this, but I think I have a clearer picture now. Give Ellison an authority figure, and she will try to please them — behaving as obediently as she can, stressing about how she can be better, and basing her happiness on how close she comes to perfection. A straight-A student, a reliable employee (and co-conspirator), and — eventually — a matchless cooperating witness. If this is where being a good girl gets you, I recommend being bad.

 

[Gemmie]

Give Ellison an authority figure, and she will try to please them — behaving as obediently as she can, stressing about how she can be better, and basing her happiness on how close she comes to perfection.

Shortened and bolded for focus.

If that's the case, then she's going to be a model prisoner. No one will have to worry about any trouble from her. *chuckle*

 

[ch_13]

How did I miss this newsbite from last week?

Strange Cellmates in a Brooklyn Jail: Sean Combs and Sam Bankman-Fried

Mr. Combs is sleeping in the same dormitory-style room as Mr. Bankman-Fried, the crypto mogul who was convicted of fraud.

www.nytimes.com

Sean Combs is living in the same unit of a Brooklyn jail as Sam Bankman-Fried, the crypto mogul convicted of fraud, sleeping in a dormitory-style room with a group of other defendants assigned to the same section, according to a person familiar with the living arrangements.

And then today we find out that Diddy hired SBF's attorney.

Diddy Hires Sam Bankman-Fried’s (New) Lawyer

Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.

www.coindesk.com

 

[ch_13]

SBF’s FTX lieutenant Ryan Salame adds prison stint to LinkedIn resume

“I’m happy to share that I’m starting a new position as inmate at FCI Cumberland!” Salame wrote on the social networking site on Wednesday.

nypost.com

FTX cryptocurrency fraudster Sam Bankman-Fried’s top lieutenant made fun of the hard time he’s about to serve with a light-hearted post on LinkedIn.
...
“I’m happy to share that I’m starting a new position as inmate at FCI Cumberland!” Salame wrote on the social networking site on Wednesday.

 

[Countem]

https://cryptonews.com/news/us-justice-department-pursues-return-of-13m-in-political-contributions-linked-to-ftx/

The U.S. Justice Department is actively seeking the return of up to $13.25 million in political contributions linked to former FTX executives, as revealed in a recent federal court filing.

 

[Countem]

Former SBF Lieutenant Nishad Singh Avoids Jail Over FTX Fraud

Former FTX chief engineer Nishad Singh avoided prison time over his role in the multibillion-dollar fraud at the cryptocurrency exchange.

www.bloomberg.com

 

[Countem]

Stanford Law School professors Joseph Bankman and Barbara Fried are “exploring” the possibilities of a Trump pardon, reports Bloomberg.

Sam Bankman-Fried’s Parents Seeking Trump Crypto Pardon for Son

The same judge who jailed the fallen billionaire presided over Trump sex assault case.

www.thedailybeast.com

On Tuesday, the FTX bankruptcy estate released $1.2 billion to affected customers with claims totaling less than $50,000. This initial distribution is the first step in a lengthy repayment plan, which could end up distributing a total of $16.5 billion.

In a statement released on Tuesday, the estate laid out plans for another distribution that is planned to take place in May.

Still, affected customers might not be getting back as much as they had hoped for. Repayment values are based on prices from Nov. 11, 2022—the day FTX filed for bankruptcy—and are paid in U.S. dollars, according to the website.

Defunct crypto exchange FTX begins to repay customers—but they'll only get back a fraction of their crypto holdings | Fortune

Affected customers with claims of less than $50,000 can access their funds through Kraken or BitGo.

fortune.com

Sam Bankman-Fried rips Biden over ‘politicization’ of DOJ, warms to Trump: ‘Republican Party was far more reasonable’

Sam Bankman-Fried ripped the Biden administration for its “politicization” of the Justice Department and expressed sympathy for President Donald Trump.

nypost.com

 

[Gemmie]

Couple of things... Does anyone have the street address for Alameda Research (Caroline Ellison was CEO) in Alameda, California? At least I think they held an office there. I've been trying to find it for another reason, which lead me to their website in the wayback machine. While I didn't find their street address, I found their online job application. Check this question out:

Join Alameda — Alameda Research

web.archive.org

 

[Lilibet]

Couple of things... Does anyone have the street address for Alameda Research (Caroline Ellison was CEO) in Alameda, California? At least I think they held an office there. I've been trying to find it for another reason, which lead me to their website in the wayback machine. While I didn't find their street address, I found their online job application. Check this question out:

View attachment 565577

Join Alameda — Alameda Research

web.archive.org

Your question intrigued me as I grew up in Alameda CA. However, it appears that it did not have an office there. It started in Berkeley which is in Alameda county, so that might be the source of the name. Hong Kong seems to be the most cited location. Only Bloomberg mentions the Bahamas.

Bloomberg says it was located in the Bahamas.

https://www.bloomberg.com/news/articles/2022-09-14/trading-firm-alameda-research-powers-ftx-ceo-sam-bankman-fried-s-crypto-empire

Wikipedia says it was based in Berkeley CA and later moved to Hong Kong.

Alameda Research - Wikipedia

en.wikipedia.org

Crunchbase shows Hong Kong and Singapore.

https://www.crunchbase.com/organization/alameda-research/profiles_and_contacts

 

[sds71]

Tucker Carlson's interview with Sam Bankman-Fried was not approved by the US Bureau of Prisons, which placed him in solitary confinement after it was published, per NYT.

https://twitter.com/x/status/1898109209612316799

Sam Bankman-Fried calls Sean 'Diddy' Combs 'kind' in jailhouse interview with Tucker Carlson

Bankman-Fried is serving a 25-year sentence for defrauding users of his collapsed cryptocurrency exchange and is in the same New York City jail as Combs, who's accused of sex trafficking.

www.nbcnews.com

 

[ch_13]

FTX: SBF transferred after the interview from prison with Carlson

FTX news: after an unauthorized video interview with Carlson from the Brooklyn prison, SBF was transferred.

en.cryptonomist.ch

Sam Bankman-Fried, former CEO of FTX and a central figure in one of the most sensational scandals in the history of cryptocurrencies, was transferred in recent days to the Federal Transfer Center in Oklahoma City, a transit facility of the U.S. prison system.

The transfer took place shortly after an unauthorized video interview with the conservative host Tucker Carlson, recorded at the Metropolitan Detention Center (MDC) in Brooklyn.

 

[Gemmie]

FTX: SBF transferred after the interview from prison with Carlson

FTX news: after an unauthorized video interview with Carlson from the Brooklyn prison, SBF was transferred.

en.cryptonomist.ch

Sam Bankman-Fried, former CEO of FTX and a central figure in one of the most sensational scandals in the history of cryptocurrencies, was transferred in recent days to the Federal Transfer Center in Oklahoma City, a transit facility of the U.S. prison system.

The transfer took place shortly after an unauthorized video interview with the conservative host Tucker Carlson, recorded at the Metropolitan Detention Center (MDC) in Brooklyn.

Some really good pics of FTC in the link at the bottom. I thought some of you might be interested in seeing what where SBK is housed.

On April 28, 2022, OIG staff conducted a site visit at FTC Oklahoma City. We selected this location because BOP officials identified it as an example of a facility in generally good overall condition. During our visit, we documented conditions inside and outside the facility, a sample of which are included below. Overall, we noted that FTC Oklahoma City appeared to be in far better condition than other facilities represented on this site.

FTC Oklahoma City - Infrastructure

oig.justice.gov

 

[Gemmie]

A video of FTC at the link.

FTC Oklahoma City - Federal Transfer Center Oklahoma City

Federal Transfer Center Oklahoma City is an administrative-security federal prison in Oklahoma City, OK. Learn about FTC Oklahoma City here.

federalcriminaldefenseattorney.com

 

[Gemmie]

Not sure how safe it is for inmates. This one died recently. What the article doesn't way is whether he was harmed or maybe someone smuggled in contraband and he ODed.

Inmate dies after being found unresponsive at Federal Transfer Center in OKC

Authorities say an inmate died Thursday after being found unresponsive at the Federal Transfer Center in Oklahoma City.

www.koco.com

And....

Butler, an inmate at the FTC, entered the cell of another inmate and sexually assaulted him. During the sexual assault, Butler held a shank to the victim’s neck and side. SOURCE

And lastly...

Man's stay at the federal transfer center leaves him with traumatic brain injury​

 

[Smelly Squirrel]

Sam Bankman-Fried’s Parents Seeking Trump Crypto Pardon for Son

The same judge who jailed the fallen billionaire presided over Trump sex assault case.

www.thedailybeast.com

Defunct crypto exchange FTX begins to repay customers—but they'll only get back a fraction of their crypto holdings | Fortune

Affected customers with claims of less than $50,000 can access their funds through Kraken or BitGo.

fortune.com

Sam Bankman-Fried rips Biden over ‘politicization’ of DOJ, warms to Trump: ‘Republican Party was far more reasonable’

Sam Bankman-Fried ripped the Biden administration for its “politicization” of the Justice Department and expressed sympathy for President Donald Trump.

nypost.com

I won't be surprised if he is pardoned. Trump is handing out pardons galore to undeserving white collar fraudsters like himself.

Trump pardons former Illinois Gov. Rod Blagojevich

Trump commuted Blagojevich’s 14-year sentence in 2020. The former governor had served about 8 years on charges stemming from his effort to sell Barack Obama’s Senate seat.

www.nbcnews.com

‘God used Donald Trump to save me': Ex-Tenn. senator gets pardon 15 days after entering prison

The pardon by Trump came after the top pardon attorney at the DOJ said she had been fired after restoring the gun rights of actor Mel Gibson.

www.nbcchicago.com

[Ed: I don't think it was God. jmo ]

Convicted of bilking investors, Nikola founder and Trump donor gets a presidential pardon

The founder of an electric car start-up sentenced to prison for exaggerating the potential of his technology has been pardoned by President Donald Trump, potentially wiping out hundreds of millions of dollars in restitution that prosecutors were seeking for bamboozled investors.

apnews.com

Trump pardons three founders of BitMEX cryptocurrency exchange convicted of money laundering

Trump pardoned three founders of the BitMEX cryptocurrency exchange.

www.usatoday.com

 

[Countem]

O'Neal will pay $1.8 million after he was accused of touting [FTX] as a reputable and trustworthy investment option via paid endorsements.

Shaquille O'Neal to pay nearly $2 million settlement in FTX lawsuit

Shaquille O'Neal will pay $1.8 million as part of a settlement in which he was named in the FTX class-action lawsuit, along with other high-profile athletes.

www.foxbusiness.com

The BOP estimates that Bankman-Fried will be released on December 14, 2044, less than 21 years after he was sentenced.

Sam Bankman-Fried is expected to be released from prison 4 years early

Sam Bankman-Fried was sentenced to 25 years in prison. If nothing changes, he'll serve less than 21.

www.businessinsider.com

The Federal Bureau of Prisons has transferred Sam Bankman-Fried to a [low-security] prison in California, according to the BOP’s inmate database.

Sam Bankman-Fried sent to ‘notoriously hard’ prison in California, then low-security facility in LA

The former CEO of FTX wanted to stay in Brooklyn as his appeal wound its way through the courts.

fortune.com

 

[sds71]

• Sam Bankman-Fried’s mother, Stanford professor Barbara Fried, has published a 64-page report defending her son.
• The paper reframes the FTX collapse as a liquidity crisis, not a fraud.
• The document is part of an ongoing family-led PR campaign ahead of SBF’s appeal

Sam Bankman-Fried's Mother Joins PR Blitz To Whitewash Son’s Role in FTX Collapse

Fried’s publication is only the latest chapter in what many observers see as a coordinated PR offensive by SBF's family.

www.ccn.com

 

[scapa]

Binance former CEO's recent pardon and a wider friendliness towards crypto with current admin suggests (to me) that SBF might have reason to expect a change in fortunes...

US President Trump pardons Binance founder Changpeng Zhao

Zhao was sentenced to four months in prison in 2024 after pleading guilty to violating money laundering laws.

www.bbc.com

https://www.cbc.ca/news/business/binance-founder-changpeng-zhao-pardoned-trump-9.6950284