EXCLUSIVE — Sam Bankman-Fried, the disgraced former FTX CEO charged with fraud and money laundering, told a then-top official for a key financial regulator that FTX was destined to be the"umpires of the crypto industry," emails show.
"I was watching the Dodgers v. Giants the other night and saw that FTX is the Official Cryptocurrency Exchange of Major League Baseball . I'm not sure why MLB needs to have a cryptocurrency exchange, but glad to see that it has one that supports regulation!" Berkovitz continued in the email, which, along with others, was obtained by the watchdog Protect the Public's Trust through the Freedom of Information Act and first shared with the Washington Examiner.
The CFTC on Tuesday charged Bankman-Fried, FTX, and Alameda Research with fraud — alleging that the defendants caused the loss of more than $8 billion in FTX customer funds. He faces up to 115 years in prison and is currently being held at a maximum security unit in Fox Hill, a reportedly overcrowded Bahamas prison filled with maggots, rats, and poor sanitation standards, according to the State Department.
"The man recently indicted for outright fraud by the DOJ was expanding his tentacles into the centers of government and attempting to leverage his political connections to make his firm the ‘umpires of the crypto industry,'" said Chamberlain."All the while, billions in investor, customer, and employee wealth were evaporating."
‘Natural choice’ - that’s just a variation on the old IBM sales pitch of - ‘No one was ever fired for choosing IBM.’ SBF appears to have been an excellent salesman, shame he was only selling fantasy and lies.
Did the people with the Super Bowl know the scam they promoted by allowing ftx air time