It continually baffles me why these Democratic bastions go for the most mediocre – sometimes outright malevolent – hands down worst choices every single time. City residents watch their world dissolve around them, solely through the actions of the very individuals they return to office time and time again, yet nothing but nothing will shake them free of their mindless devotion to their own destruction. New York City’s a terrific example of that mindset.
… There’s a perception by many that the courts are too lenient, that as the city reels under waves of violence, the judiciary is more worried about the criminal and not the community he just threatened.
This judgment is probably not going to help that perception.
WTF? World class stupid.
Disgraced FTX crypto mogul Sam Bankman-Fried’s ex-girlfriend Caroline Ellison was facing up to 110 years in prison before she agreed to cooperate with the federal government, her plea agreement shows.
The former Alameda hedge fund CEO, 28, pleaded guilty to federal fraud charges in an agreement signed on Monday.
The agreement also indicates that Ellison and FTX co-founder Gary Wang had agreed to “cooperate fully” with the feds, in exchange for which they will likely get much lighter sentences.
It appears prosecutors want Sam’s butt in a sling as the pleas to date specifically contradict the Mini-Madoff’s dindunuffin narrative.
It will be interesting to watch if this goes to trial. What if any sentence will be handed the Democrat’s 2nd largest donor?
Judge kept FTX execs’ plea deals secret to get founder to US
NEW YORK (AP) — A judge kept secret that two of Sam Bankman-Fried’s closest associates had turned against him so the cryptocurrency entrepreneur wouldn’t get spooked and fight extradition from the Bahamas, according to court transcripts made public Friday.
U.S. prosecutors in New York waited until Bankman-Fried, the founder of the collapsed crypto exchange FTX, was in FBI custody before revealing that his business partners, Carolyn Ellison and Gary Wang, had secretly pleaded guilty to fraud charges and were cooperating, which can earn them leniency at sentencing.
U.S. Attorney Damian Williams announced the guilty pleas when Bankman-Fried was in the air late Wednesday.
Young men in Chicago and Philadelphia’s worst neighborhoods are more likely to be shot and killed than those who fought on the bloodiest front-lines in Afghanistan and Iraq, a new study shows.
Brandon del Pozo, a former New York City cop and now Brown University scholar, says gun deaths among young men in those city’s ghettos are worse than seen by troops deployed in America’s war on terror.
Del Pozo, who started out in law enforcement patrolling streets in East Flatbush, Brooklyn, called his research an ‘urgent wake-up call’ for tackling gun crime and murder rates in the grittiest cities.
NEW YORK (Reuters) – Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, the hedge fund’s former chief told a judge in her guilty plea for her role in the exchange’s collapse.
Caroline Ellison, former chief executive of Alameda Research, said she agreed with Bankman-Fried to hide from FTX’s investors, lenders and customers that the hedge fund could borrow unlimited sums from the exchange, according a transcript of her Dec. 19 plea hearing that was unsealed on Friday.
“We prepared certain quarterly balance sheets that concealed the extent of Alameda’s borrowing and the billions of dollars in loans that Alameda had made to FTX executives and to related parties,” Ellison told U.S. District Judge Ronnie Abrams in Manhattan federal court, according to the transcript.
Holy Crap.
More … Chief executive of FTX sister company pleads guilty to seven offences
Disgraced FTX founder Sam Bankman-Fried was spotted early Friday arriving at his parents’ Palo Alto, California, home where he will remain under house arrest after being released on a record $250 million bond.
Two vehicles were seen pulling up to Joseph Bankman and Barbara Fried’s residence located in an exclusive neighborhood on the edge of Stanford University’s campus at around 4:30 a.m.
A Stanford campus police vehicle was seen outside the home, where the accused cryptocurrency fraudster will be spending his time with mom and dad, both law professors.
Violent crime has been a huge issue since the pandemic. Things seemed to be fine when everyone was locked down, but the moment people found an outlet to get out of the house, it seemed like a lot of them lost their damn minds.
Now, of course, we’re knee-deep in a discussion on violent crime. Democrats tend to favor gun control as the only viable solution.
The Idaho police chief heading the investigation into the deaths of four college students has said he has no regrets over how the probe has been conducted, insisting that the initial stages were handled correctly while also suggesting that he is confident a ‘conclusion’ will be reached.
But Chief James Fry who heads up the Moscow Police force, in the small city of 25,000 people has also admitted he has no clue where the killer is.
The ‘one pill can kill’ synthetic opioid is 50 times more powerful than heroin and is fuelling an overdose crisis
In the basement of an apartment complex in Inglewood, Los Angeles, a metallic hum rings out as high-speed pill-pressing machines pump out thousands of tablets an hour, each laced with a deadly synthetic opioid.
The drugs are ready to be packaged and sold in their millions to customers across America through the dark web.
FTX founder Sam Bankman-Fried will released on $250 million bail in a deal designed by federal prosecutors and Bankman-Fried’s defense attorneys, a New York federal judge ruled.
Judge Gabriel Gorenstein said that Bankman-Fried would require “strict” supervision following his release to his parents home in California.
Gotta wonder how much cash is hidden offshore.
The ex-girlfriend of disgraced crypto mogul Sam Bankman-Fried and a co-founder of FTX pleaded guilty to fraud charges in the collapse of the cryptocurrency exchange and are both cooperating with federal prosecutors, officials announced Wednesday night.
Caroline Ellison, the former CEO of Bankman-Fried’s crypto hedge fund company Alameda Research, and Gary Wang, a co-founder of FTX, pleaded guilty to the criminal offenses before Bankman-Fried landed in New York to face his own charges, Manhattan US Attorney Damian Williams said in a statement.
The charges filed against the pair were “in connection with their roles in the frauds that contributed to FTX’s collapse,” Williams said.
Weak platitudes and woke diversions won’t save our great city from sinking deeper into the muck
I’ll say this for John Tory: He’s consistent.
“UNACCEPTABLE,” the mayor says of the swarming murder that has shocked his city to its core.
I suspect Toronto is fast reaching its “Diversity” tipping point.
Our “leaders” will do nothing to reverse this.
Get out while you can.
Disgraced FTX founder Sam Bankman-Fried completed his extradition paperwork Wednesday and is set to be transported from the Bahamas to the US, where he will face a slew of criminal charges over allegations he defrauded $1.8bn from investors.
The fallen crypto king said he consented to extradition because he wants “to make the relevant customers whole,” according to court papers — a turnaround after he had initially said he would fight the process.
More than 100 bitcoins previously held in inaccessible virtual wallets linked to defunct cryptocurrency exchange QuadrigaCX have been transferred four years after the death of the company’s founder led to its collapse.
It is not clear who moved the 104 bitcoins this month, worth approximately $2.4-million, nor how anyone could do so. Bankruptcy trustee Ernst & Young Inc. said in 2019 that it was not able to access the wallets, meaning the funds could not be recovered to help compensate users who lost money when the exchange went out of business.
Idaho police are investigating a white Hyundai Elantra found abandoned in Oregon for a possible link to the unsolved slayings of four college students last month.
Aware that Moscow, Idaho, officials were on the lookout for a vehicle fitting that description, Eugene police called the department to alert them to the car, which was badly damaged and had no license plates.
Idaho police have appealed for help finding a white 2011-2013 model Elantra seen in the “immediate area” of the off-campus home where the friends were stabbed to death in the early hours of Nov. 13
