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RandiG's avatar

There is so much more to this FTX thing than we can even imagine. This company was formed in 2018. In 2019, they were at $89M. In 2020, they were more than $500M. In 2021, they were more than $1.2B. And then reach over $10B in 2022?? That seems like Clinton math to me. Remember when Hillary invested $10,000 and it ‘became’ $100,000? 😳

I don’t know anyone on this planet who could grow a company that fast and that large without lots and lots and lots of help, nefarious ways and over the top deceit.

I listened to a podcast describing all this and how deep this runs. It’s worth a listen if you have the stomach for it.

https://podcasts.apple.com/us/podcast/who-is-sam-bankman-fried-and-what-really-happened-at/id1205359334?i=1000585956796

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Cyn's avatar

Another great money-laundering Dem PAC, and using our tax dollars.

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RandiG's avatar

New note to self:

Just because someone “has” money doesn’t make them smart.

Newer note to self:

Just because someone doesn’t have money means they are dumb.

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Roger Beal's avatar

Agreed. Neither Musk, nor Bezos, nor Markie-Mark Zuck multiplied money that fast.

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AM's avatar

Wow thanks for the heads up re: the podcast.

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INGRID C DURDEN's avatar

a belgian company did that years ago and got the best growing company award, only to be locked up the next year for fraudulent business.

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OnTheJump's avatar

Interesting that the Times is able to contact this guy 2 days after he "flies off" to Gilligan's Island (or whatever) and is granted an interview - this guy probably has NO fear at all. But an article by the Times that NEVER utters a syllable suggesting he's a criminal of any sort, or even that he is a "bad" guy?

Wonder what all the people who have been duped by him are thinking right now? Probably NOT wishing him 'sweet dreams'.

The media needs a swift kick in the democratically (and pfizer) funded backside.

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Roger Beal's avatar

But but but Bankster-Fried's clients were promised a chance to recover the funds they lost investing with Bernie Madoff.

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INGRID C DURDEN's avatar

they probably know where he is, because they will be able to see where the sponsor money for their 'interview' came from. Is anyone still reading that rag?

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Peter 🔒's avatar

THEY finding all kinds of ways to increase Inflation. To make us Poor.

--Money Printer go brrrrrrrrr--

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Lincoln's avatar

Wouldn’t it be great if the CIA gave $$$ to the US citizens for “black op” cost of living adjustments? Dreamin...

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Joe Karlovich's avatar

You are missing the crypto boom. Making 10x your money was the easy part.

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Trilby's avatar

The hard part-- withdrawing it? Just a guess. I know very little about it.

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Joe Karlovich's avatar

The hard part was making sure it didn't go to zero with all the crashes :)

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