As crypto exchange FTX is exposed as a giant ponzi scheme, founder Sam Bankman-Fried’s (SBF) connections have drawn scrutiny. SBF is the son of Barbara Fried, a left-wing law professor who founded pro-Democrat super PAC, Mind the Gap. His father, Jospeh Bankman, is a law professor who advises the government on how to crackdown on tax evasion in the cash economy.
SBF’s girlfriend, Caroline Ellison, is CEO of Alameda Research, the trading firm owned by SBF. SBF used depositer funds from the FTX crypto exchange to lend Alameda Research $10 billion. Ellison’s father arranged help from the CEO and former lead counsel of Goldman-Sachs to help FTX get regulatory approval.
SBF is also the second-biggest donor to Democrat candidates behind George Soros. Between SBF and his officers at FTX, they contributed $69 million to political campaigns and PACs just in the 2022 midterm elections.
SBF also partnered with Ukrainian President Zelensky to help the country convert cryptocurrency donations into fiat money.
Analyst Comment: Why was Goldman-Sachs involved in the deal at all? This looks like a lot of elite left-wing players really wanted to help this ponzi get established, which then became a major source of funding for left-wing candidates and operations. Partnering with Ukraine also indicated FTX may have been influenced by American intelligence interests.
Some have pointed out that Alameda research’s logo is reminiscent of the symbol for pedophilia. The company is based in the Bahamas where it is suspected that American intelligence is running a child sex trafficking ring similar to Jeffery Epstein. There is very little reporting on this and no hard confirmation.