What Happens When a Sociopathic Pathological Liar is Asked Pointed Questions About his Crypto Ponzi Scheme?
Coffeezilla is a self-described investigator that “uncover(s) scams, fraudsters and fake gurus that are preying on desperate people with deceptive advertising. If you have to ask... it’s probably too good to be true.”
With over 1.5 million YouTube subscribers, Coffeezilla has become an important voice exposing all kinds of scams, with a particular focus on the crypto space, for obvious reasons.
Yesterday, Coffeezilla snuck into the DM’s of a Twitter interview with former FTX CEO Sam Bankman-Fried (SBF). Unlike all of other interviewers to date with their softball questions, Coffeezilla had exceptionally specific questions for SBF. At first SBF did his very best to feign ignorance, stupidity and confusion, but he ultimately stuttered and mumbled his way into admissions of culpability.
It is important to note that SBF is a sociopathic liar whose various aberrant psychological conditions are exacerbated by a cocktail of prescribed drugs and various stimulants:
And yet unlike all of the other MSM hacks that treated SBF with kid gloves and a kind of sleazy reverence, Coffeezilla did his homework and then some, and totally exposed SBF in four parts; to wit:
The secret stub account: SBF was commingling his Alameda hedge fund wire transfers with his FTX accounts. This is an open and shut case of financial crime. SBG initially feigns ignorance, which is 100% impossible given that all Alameda and FTX funds were on his dashboards in plain sight, and that these backdoors were deliberately coded into his trading platforms. In other words, SBF’s margin trading model was predicated on exploiting these backdoors, and thus subverting the ToS of both Alameda and FTX. SBF stutters, lies, and finally confesses:
The mark to market overvaluation: SBF cooked up these ponzi tokens like Serum and FTT that had no intrinsic values other than to cook his books. Both Serum and FTT were wildly overvalued in order to prop up the FTX and Alameda valuations, while concurrently providing them a secondary slush fund from which to trade, buy Bahamian condos, steal their client funds, etc. There was never a possibility to liquidate these two tokens, precisely because they were worth far less than their trading prices. Selloffs would result in rapid cascade effects to their downsides and intrinsic values of zero. This is why no one is ever going to be made whole by this scam.
SBF is pointblank asked why he would hire as his head of legal a known online poker fraudster lawyer. How could this hire be anything other the premeditated attempt to recreate the online poker crimes, except this time in the crypto space?
SBF allegedly secures $4B in funding, but does not know for sure:
Full interview:
Ignoring his legal council’s advice, drug-addled SBF has dug his own grave several times over now.
What is most baffling is that “sophisticated” investors and top funds like BlackStone put money into this painfully obvious scam. Anyone that invests in centralized exchanges and tokens with a known development/trading/etc. team is a certifiable moron. In other words, if the token or the exchange can be regulated and taxed, then it subverts the whole decentralized purpose of crypto.
SBF’s partner in crime and former Alameda CEO Caroline Ellison, daughter of Glenn Ellison who just so happened to be SEC Chair Gary Gensler’s old boss at MIT, is now in NYC ready to throw her old flame under the proverbial bus.
Here is where it gets even more convoluted: the law firm that Ellison has allegedly retained has close ties to the Clinton crime family. Also, the former General Counsel of the SEC and the former director of SEC enforcement are both partners at WilmerHale.
And SBF’s mother just happened to be Hilary Clinton’s lawyer.
So this whole DNC and Ukraine money laundering scam really is a tangled up den of politrix vipers.
Do NOT comply.
I'd like to hear Catherine Austin Fitts' take on this epic piece of money-laundering by the CIA etc.
The circularity of Dems --> Ukraine --> Dems is so blatant, like they simply don't care who calls them out anymore. We must be nearing peak Game, I guess.
Shouldn’t there be repurcessions for the “professionals” who invested their client’s money in FTX regarding violations of fiduciary responsibility above and beyond affected investors withdrawing their money from fool’s like Blackrock?