From $16 Billion to Zero: Dem Megadonor Has Lost All His Money

[DigitalDrifter]

Bwahahahahaaaaaaa!

The net worth of crypto scion Sam Bankman-Fried, who this year promised to donate a billion dollars to Democratic campaigns, is $0.

After his cryptocurrency company FTX declared bankruptcy and Bankman-Fried stepped down as CEO, the Democratic megadonor lost his entire $16 billion fortune.

Bankman-Fried was a friendly face at the White House, participating in meetings just months ago. The Securities and Exchange Commission and Commodity Futures Trading Commission are now investigating FTX for allegedly mishandling customer funds.

UPDATE: From $16 Billion to Zero: Dem Megadonor Has Lost All His Money

The DML News App offers the best in news reporting.

dennismichaellynch.com

 

[Concerned American]

Bwahahahahaaaaaaa!

All they have to do is check DNC coffers--they'll find all that money there, freshly laundered along with quite a bit of taxpayer largesse that was laundered in the Ukraine.

 

[Wyatt earp]

Bwahahahahaaaaaaa!

I seen that, what a clown

 

[martybegan]

Bwahahahahaaaaaaa!

How much of that $16B was actual worth, and how much was smoke and mirrors?

This looks to be a Crypto version of the Madoff scandal, just earlier in the scam.