Connect with us

Featured

GUILTY! Sam Bankman-Fried Faces Over 100 Years in Prison

GUILTY! Sam Bankman-Fried Faces Over 100 Years in Prison

(ConcernedPatriot.com) – Sam Bankman-Fried has been found guilty of all charges related to the collapse of his Bitcoin exchange, FTX.

“A New York jury in Manhattan federal court agreed with prosecutors that Bankman-Fried defrauded investors, customers and lenders in connection with the collapse of his crypto empire,” reported Fox Business.

“Prosecutors accused Bankman-Fried, who founded and controlled both FTX and sister hedge fund Alameda research, of misappropriating and embezzling billions of dollars in FTX customer deposits, scheming to mislead investors, and instructing other executives at his businesses to do the same,” it added.

Bankman-Fried was charged with five charges of conspiracy and two counts of wire fraud in the first two criminal trials.

The maximum sentence for each crime was 110 years in prison.

The hearing for Bankman-Fried’s sentence has been scheduled for March 28.

The Southern District of New York’s U.S. attorney, Damian Williams, commended the decision and said that Bankman-Fried “perpetrated one of the biggest financial frauds in American history.”

“The cryptocurrency industry might be new, the players like Bankman-Fried might be new,” Williams said. “But this kind of fraud, this kind of corruption, is as old as time.”

NBC News gave some background information and historical context before the decision:

“FTX and Alameda quickly collapsed in November 2022 after some of their financial liabilities were exposed.

The fact that Alameda had taken billions of dollars from FTX’s customers and that much of Alameda’s balance sheet was comprised of digital currency assets it had created was central to the case against Bankman-Fried.

Unnerved by disclosures about the firm’s financial position, many of FTX’s customers tried to get their money back. That set off the equivalent of a bank run.

The value of Alameda’s investments crashed, and FTX couldn’t return much of that money because it had been given to Alameda. Some went to the fund’s lenders, and billions were spent on sponsorships, commercials, and loans to top executives. That, too, was a major part of the case against Bankman-Fried.”

Following the collapse, more FTX and Alameda executives were prosecuted, including former CEO of Alameda Caroline Ellison, co-founder of FTX Gary Wang, and chief technology officer of FTX Nishad Singh.

All three pleaded guilty, agreed to cooperate, and testified against Bankman-Fried.

In exchange for their cooperation, they will receive less severe punishments.

In his defense, Bankman-Fried stated that he never intended to deceive anyone and that, following the failure of FTX and Alameda, the government had been searching for someone to blame.

“Mr. Bankman Fried maintains his innocence and will continue to vigorously fight the charges against him,” Mark S. Cohen, counsel to Bankman-Fried, said in response to the verdict.

Williams stated that he hoped the conviction would be an example for others.

“It’s a warning, this case, to every single fraudster out there who thinks that they’re untouchable, or that their crimes are too complex for us to catch, or that they’re too powerful for us to prosecute, or that they could try to talk their way out of it when they get caught,” Williams said. “Those folks should think again.”

Copyright 2023. ConcernedPatriot.com

Continue Reading

Featured

Mob of Jew Haters Attacks Los Angeles Synagogue

san-francisco-ca-october-09-2023

In an egregious display of antisemitic mob violence, several dozen pro-Palestinian activists targeted an Orthodox Jewish synagogue in the heart of the Pico-Robertson neighborhood on Sunday. The protesters blocked the entrance to an event promoting real estate investment in Israel, a move that has sparked outrage within the Jewish community and among supporters of Israel.

Eyewitness reports indicate that these leftist activists were obstructing pedestrians on the south side of Pico Boulevard, the main thoroughfare in this predominantly Orthodox Jewish area of west Los Angeles. This blatant act of intimidation, carried out by a mob driven by hatred, took place outside a sacred place of worship, highlighting a disturbing trend of rising antisemitism within leftist circles.

The Forward, a left-wing Jewish publication, indicated that the protest aimed at the synagogue was partly due to an event within the Jewish community that promoted Israeli real estate for purposes such as emigration, vacation, or investment. This targeting of Jewish spaces and events is not just an attack on individual property but an assault on the Jewish way of life and the right to support and connect with Israel. It is an outrageous demonstration of the growing antisemitism that is taking root among leftist activists in America.

Since the horrific events of October 7, there has been a worldwide surge among Jews applying to emigrate to Israel — an act known as making aliyah, or “ascent.” This increase is driven by a sense of solidarity with Israel and a response to rising local antisemitism. The targeting of these community events by a hateful mob is a direct affront to these expressions of unity and resilience.

Sunday’s incident marks the second time in recent days that pro-Palestinian activists have targeted Jewish institutions in Los Angeles. Just this past Friday, another synagogue and school in the Valley Village area were besieged by protesters for reasons that remain unclear. This pattern of aggression reveals a sinister undercurrent of hostility towards Jews and their places of worship, orchestrated by a radical leftist mob.

These acts of antisemitic violence and intimidation are not isolated incidents but part of a broader, alarming trend. They reflect a dangerous escalation in hostility that must be condemned unequivocally. The Jewish community, and indeed all communities, deserve to live in peace without fear of being targeted for their beliefs and affiliations. The silence from the broader left on these incidents is deafening and unacceptable.

This wave of protests against synagogues is a stark reminder of the persistent and pernicious nature of antisemitism. It is imperative that we recognize these actions for what they are: not just protests, but targeted attacks on Jewish people and their right to practice their faith freely. The community must stand united against such bigotry and ensure that those responsible are held accountable. The rise in antisemitism among the left in America is a dire threat that must be addressed head-on.

As the Jewish community in Los Angeles and around the world continues to show solidarity with Israel, it is essential that they receive support and protection against these violent demonstrations. The right to support Israel, to engage in investment opportunities, and to gather in places of worship must be defended against those who seek to intimidate and harm.

This situation calls for a strong response from law enforcement and community leaders to protect Jewish institutions and to send a clear message that antisemitic violence will not be tolerated. The safety and security of the Jewish community must be a priority, and the rights of Jews to live and worship freely must be upheld against all forms of hatred and bigotry. The growing antisemitism among leftist groups in America is a serious concern that requires immediate and decisive action.

 

new-york-united-states-may-15-

POLL: Is the American left increasingly antisemitic?

 

Continue Reading

Featured

Growing Concerns Among Liberals About Biden’s Brain

washington-dc-usa-02202024-biden-talks

It’s not just Republicans and Trump supporters who are raising alarms about President Biden’s mental fitness. Even some anti-Trump pundits, mainstream media outlets, and longtime Democrats have expressed serious concerns recently, painting a grim picture of a leader who may no longer be up to the job.

Billionaire Bill Ackman, a significant Democratic donor, highlighted a troubling video where former President Obama appeared to guide Biden off the stage during a campaign event. Ackman drew a stark comparison between Biden and Warren Buffett, stating, “Some people are old at 81 and others are sharp, vigorous, and impressive. Compare Warren Buffett at 93 and Biden at 81. Biden is an old 81 who can’t find his way off a stage or stay present and focused at a G7 conference. Is that who should be the leader of the free world for the next five years?” Ackman emphasized that a president should not need to be led off stage, calling it a concerning image of weakness and lack of leadership that the country cannot afford.

Ackman continued by blaming perceived weak leadership for global instability, arguing that the Democratic Party is harming itself by pushing Biden for a second term. He warned that Biden’s potential re-election poses a grave threat to global security and prosperity. This sentiment reflects a growing unease about whether Biden can effectively manage the responsibilities of the presidency at his advanced age.

The issue of Biden’s age has become a national concern as he seeks re-election at 81. In a recent appearance on “Piers Morgan Uncensored,” progressive journalist Cenk Uygur criticized Democrats for ignoring Biden’s mental fitness issues, pointing out, “We do all have eyes and ears.” Uygur highlighted the risk of Biden becoming more stubborn if he has dementia and questioned whether Biden’s mental state might be affecting his decision-making. His stark assessment reflects a broader anxiety about Biden’s capacity to lead the nation during such turbulent times.

The Biden administration has been defensive against reports of the president’s cognitive decline, despite polls indicating widespread concern among Americans, including 73 percent of Democrats who, in February, said Biden was too old to serve. The Department of Justice’s special counsel described Biden as an “elderly man with a poor memory” during an investigation into his handling of classified documents, a characterization that ultimately helped him avoid charges. Such official assessments only add to the growing doubt about Biden’s mental acuity.

The Wall Street Journal, after interviewing 45 individuals, reported that Biden “appears slower now” and has “good moments and bad ones.” This report received strong pushback from the White House, which dismissed it as a partisan attack. Yet, it’s not just Republicans making these claims. Former Obama adviser David Axelrod has acknowledged that Biden’s age and mental fitness are significant problems for his presidency. Axelrod’s comments underscore the seriousness of the situation and the potential implications for the country.

At 81, Biden is the oldest sitting president, and critics argue that his cognitive decline is evident through frequent gaffes and memory lapses. Liberal comedian Jon Stewart, a critic of Trump, recently stated that Biden “shouldn’t be president” due to his age. Billionaire Mark Cuban also noted that both Biden and Trump are prone to senior moments and physical frailties. These comments from prominent figures across the political spectrum highlight a deepening concern about Biden’s ability to perform his duties effectively.

Media figures like “The View” co-host Sara Haines and Alyssa Farah Griffin have voiced concerns about Biden’s age and cognitive state, suggesting that voters shouldn’t be told to ignore these issues. Griffin even proposed that Vice President Harris could step in as a more viable candidate. The idea that Biden might need to be replaced mid-term due to his mental decline is a stark and worrying prospect.

Liberal comedian Bill Maher has called for Democrats to reconsider Biden’s candidacy, warning that Biden risks becoming the “Ruth Bader Ginsburg of the presidency” by staying in office too long. Maher suggested that Biden should embrace his age rather than deny it, but his comments also reflect a broader anxiety about the president’s capacity to lead.

Media mogul Charlamagne tha God has also questioned Biden’s vigor, adding to the growing chorus of concerns about the president’s ability to lead. The perception of a frail and mentally declining president is not just a Republican talking point; it is a growing concern that spans the political spectrum.

Even traditionally liberal outlets have highlighted these issues. The New York Times published a story featuring former Biden supporters who now plan to vote for Trump due to Biden’s perceived cognitive issues. The Atlantic’s Mark Leibovich described Biden’s candidacy as “existentially risky, perhaps disastrous,” arguing that Biden remains a weak incumbent burdened by his age. This widespread concern about Biden’s cognitive decline raises serious questions about the future of his presidency and the direction of the country.

 

11 U.S. Souls Lost in Israel; Where's Biden's Outrage?!

POLL: Is Biden mentally fit to be President?

 

Continue Reading

Featured

SICK: Migrant Invader Filmed His Rape of 13-Year-Old Girl

juarez-mexico-11152022-venezuelan-migrants-cross

The appalling case of Christian Inga, a 25-year-old migrant from Ecuador accused of raping a 13-year-old girl at knifepoint in broad daylight in Queens, New York, lays bare the catastrophic consequences of President Joe Biden’s lax immigration policies. Prosecutors allege that Inga even filmed the attack, adding an unimaginable level of horror to this already heinous crime.

Inga, who has been arrested and charged by the NYPD with numerous offenses including rape, sexual abuse, robbery, kidnapping, criminal possession of a weapon, menacing, and unlawful imprisonment, approached two 13-year-olds near Kissena Park in East Flushing, Queens. When the children initially refused his demand to follow him into a wooded area, he brandished a machete, forcing them into compliance.

Once in the woods, Inga allegedly tied up the children and proceeded to rape the 13-year-old girl, admitting to filming the brutal attack. The New York Post reports:

“The Ecuadorian migrant charged with raping a 13-year-old girl he bound and gagged in a Queens park told cops he recorded the attack during a sickening taped confession, prosecutors alleged Wednesday.”

This chilling admission during a hushed court hearing has sent shockwaves through the community. Inga first crossed the United States-Mexico border with his three-year-old son in June 2021 near Eagle Pass, Texas. Despite being ordered deported by a federal immigration judge in February 2022, he was released into the U.S. interior with a Notice to Appear (NTA), showcasing the glaring failures of the Biden administration’s immigration enforcement.

Inga’s criminal record extends beyond this appalling incident. He has had three summonses in the past — for having an open container in December 2022, jumping a subway turnstile in March 2023, and trespassing in May 2023. Additionally, NYPD officers were called to break up a fight at a residence in Queens in January, resulting in a domestic violence report, although he was not arrested.

This is just the latest incident of horrific, sickening crime committed by one of Biden’s illegal migrant invaders. The blame for this crime can be laid squarely at the feet of the Biden Administration and their lax policies at our Southern border, where known violent criminals arrive by the thousands every day.

 

border-patrol-man-woman-baggage-retreat

POLL: Are Biden’s border policies to blame for this heinous crime?

 

Continue Reading

Trending