8 Comments
Nov 18, 2022Liked by BlingBling

Es kommt noch besser.

Die Seite Zerohedge.com (die ich auch lese, mit einer gewissen Zurückhaltung bezüglich des ständigen Doomsayer-Pathos) zitiert heute aus dem ersten Bericht des Konkursverwalters (der gleiche wie bei Enron). Man denkt, dass man in einem sehr schlecht geschriebenen Thriller lebt:

https://www.zerohedge.com/political/worse-enron-new-ftx-ceo-slams-unprecedented-failure-corporate-controls

Quotes

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here."

It gets better: Ray said that company’s audited financial statements should not be trusted, Ray said, adding that liquidators are working to rebuild balance sheets for FTX entities from the bottom up.

FTX “did not maintain centralized control of its cash” and failed to keep an accurate list of bank accounts and account signatories, or pay sufficient attention to the creditworthiness of banking partners, according to Ray. Advisers don’t yet know how much cash FTX Group had when it filed for bankruptcy, but has found about $560 million attributable to various FTX entities so far.

Although restructuring advisers have been in control of FTX for less than a week, they’ve seen enough to depict the crypto company as a deeply flawed enterprise. Lasting records of decision making are hard to come by: Bankman-Fried often communicated through applications that auto-deleted in short order and asked employees to do the same, according to Ray.

"In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors. I understand that there does not appear to be documentation for certain of these transactions as loans, and that certain real estate was recorded in the personal name of these employees and advisors on the records of the Bahamas," Ray said, who also noted that the company didn't have appropriate corporate governance and never held board meetings. There was no accurate list of bank accounts and account signatories, as well as insufficient attention paid to the creditworthiness of banking partners.

und so geht es weiter ...

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Nov 18, 2022Liked by BlingBling

Vielen Dank für die Nachrichtenübersicht. Mit dem Begriff "Fakt-Checking" wäre ich vorsichtiger; der Begriff ist doch zu sehr vom Mainstream für das Unterdrücken unerwünschter Kritik am herrschenden Narrativ besetzt.

Ich erlaube mir den Hinweis auf die Substack-Seite des Anwalts Jeff Childers bezüglich des Arguments "SBF hat auch für Organisationen der Republikaner gespendet". Childers hat nach meinem Eindruck ein sehr feines Gespür für die relevante Details; er wies in seinem Nachrichtenüberblick darauf hin, dass diese Organisationen seltsam sind:

Zitatbeginn

"There are many, many more; again, this is just the top ten. Seven of the top ten were democrat PACs or groups. Three were conservative — but at this point I would suggest a degree of healthy skepticism toward all ‘conservative’ organizations that FTX thought could use some money.

For example, the top “conservative” organization which got $15 million from FTX, American Dream Federal Action, has a super sketchy website that includes “pandemic preparedness” and “biosecurity solutions” as top goals. And it doesn’t seem be actually, well, DOING anything.

So it’s worrisome that the second two largest conservative recipients of FTX’s stolen money were the Republican Congressional Leadership Fund and the Republican Senate Leadership Fund, at $3 million and $2.75 million each. They clocked in at slots six and seven in the top ten.

So, first of all, don’t expect a rigorous investigation of FTX anytime soon. Corporate media is still describing meth-addicted hedonist Sam Bankman-Fried as a delicate, altruistic genius who was ground to hamburger in the devilishly-unregulated crypto market. Never mind about all those trusting folks who credulously handed Sam their money. After all, he MEANT well, which is all that matters."

Zitatende

Quelle: https://www.coffeeandcovid.com/p/c-and-c-news-thursday-november-17

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