Gullible wokerati adored SBF because he spouted all the approved liberal slogans: MEGHAN MCCAIN

Scammers are nothing new, but there is always a new scam. And FTX’s accused scammer, Sam Bankman-Fried, seems to have figured out the generation’s version of the old trusted game of him.

Call it the ‘wake up scam’.

“The collapse of the FTX group appears to be due to the absolute concentration of control in the hands of a small group of extremely inexperienced and unsophisticated individuals…” testified the new FTX CEO, John Ray III, who was chosen to clean up the mess. finance that SBF has left behind. .

How bad was it?

An 8 year old’s lemonade stand was better staffed.

“Never in my career have I seen such a total failure of corporate controls at all levels of an organization,” said Ray, who undid the $74 billion collapse of Enron. So that’s saying a lot.

FTX used Quickbooks to do their bookkeeping.

That’s how it is.

The same software a grandma uses to track her sales of crocheted tea cozies on Etsy kept the books on a multi-million dollar company.

SBF went from having a net worth of almost $16 billion to next to nothing in a matter of days. At least $1 billion, and maybe more, in client money gone in the blink of an eye.

How in the world could this happen? Well, at the end of the day, you don’t need to understand what FTX is to understand what happened here. It was a good old-fashioned con, with a twist. He was aided and abetted by the Wonrati world, who looked at SBF and saw an ATM repeating all the approved slogans.

SBF gave prodigious amounts of money to Biden, Democrats, and Republicans, but the donations skewed heavily to the left. He pledged to spend up to $1 billion in the 2024 cycle alone. He invested money in something called “effective altruism,” which is just a fancy phrase to describe investing in left-wing causes. His mother, Barbara Fried, is a co-founder of a Democratic super PAC.

Along with all the other charges SBF is facing, he is also accused of violating campaign finance laws. He funneled donations to politicians and allegedly concealed where the money actually came from. He was seen as the second coming of George Soros, the iconic left-wing billionaire responsible for funding some of America’s most progressive politicians.

He was featured on the cover of Fortune magazine with the words: ‘The next Warren Buffet?’ Yes, the same Warren Buffett, who said that he would not buy ‘all the Bitcoin in the world’ for $25.

But never mind, that was enough for the leaders of the free world. They got on board.

Former President Bill Clinton and former British Prime Minister Tony Blair appeared on stage with SBF at a swanky cryptocurrency conference in the Bahamas.

How humiliating! They willingly gave SBF and its fraudulent empire the semblance of legitimacy it needed to complete the scam.

The images of the event are jarring. Former leaders of the world’s largest democracies sitting next to Bernie Madoff of the Millennial generation.

Clinton, who was reportedly paid for her assistance, pushed for a hands-off approach to regulating cryptocurrencies. “You want to do the right thing in the regulatory space,” she said, according to a leak of his off-the-record comments. I would like to know what you have to say about the current regulation. I doubt he has the courage to say anything.

Famous celebrities such as NFL star Tom Brady, supermodel Gisele Bundchen and legendary comedian Larry David were also very happy to endorse FTX as their ‘brand ambassadors’. They did their part and cashed their checks, but their fans who inevitably invested with SBF may have lost their jerseys because of it.

These renowned elites are now the target of a class action lawsuit, accusing them of complicity in a deceptive scheme.

Former President Bill Clinton and former British Prime Minister Tony Blair appeared on stage with SBF at a swanky cryptocurrency conference in the Bahamas.

Famous celebrities such as NFL star Tom Brady, supermodel Gisele Bundchen and legendary comedian Larry David were also very happy to endorse FTX as their ‘brand ambassadors’.

Democratic Congresswoman Maxine Waters, chair of the House Financial Services Committee, the same committee charged with overseeing the financial services sectors, bought the SBF’s hook, line, and sinker. She was seen on camera apparently blowing SBF a kiss when he testified before her in 2021. Perhaps he was saying goodbye to responsibility for her?

Ratings firm TruValue Labs, which evaluates and recommends companies to left-wing investors based on a company’s commitment to the environment, society and corporate governance, found that FTX rivaled Exxon/Mobile in some respects.

How did FTX score so well when SBF was running its multi-million dollar company as a high school Dungeons and Dragons club? Who knows? But SBF once promised to be ‘carbon neutral’. I bet that was good enough for them.

None of these supposedly sophisticated people bothered to look under the hood of the SBF empire to see how it worked. And why would they? She was pumping free money. And he was just the kind of money maker they were looking for.

Now, compare SBF and Elon Musk for a moment.

If a portion of the time, energy, and outrage spent dissecting Musk’s every move and statement were spent on Sam Bankman-Fried, then we might not be where we are today.

You do not believe me? Remarkably, even after FTX’s collapse, SBF was interviewed live at The New York Times’ DealBook conference, where he continued to tell the ridiculous story that he’s some kind of modern-day tech prophet, who just wants to use your money forever. He even had the audacity to state that he ‘never intended to commit fraud’.

oops. My fault.

“The collapse of the FTX group appears to be due to the absolute concentration of control in the hands of a small group of inexperienced and unsophisticated individuals…,” testified FTX’s new CEO, John Ray III (above), who was picked to solve the financial problem that SBF has left behind.

He claimed that he refused to keep quiet, out of a sense of responsibility towards his clients. “I have a duty to speak,” he said.

You should at least give it to this guy – he knows how to get good PR.

Could he ever imagine the same opportunity being extended to anyone who didn’t fit the profile of a waking whiz kid? Do you think Elon Musk would have given the New York Times a chance to tell his version of the story?

It just goes to show that spitting on ‘accepted’ wake-up lingo and greasing the wheels with dump trucks of dollar bills, can help you get away with quite a bit.

On the other hand, if you refuse to bow down to Groupthink and vow to restore free speech on social media, watch out!

Until the mainstream media, politicians, and those in positions of power start asking legitimate questions before handling their endorsements and adoration, I fear more innocent people will be ripped off.

SBF’s liberal gravy train was enough to convince the world’s smarts to be gullible.

Of course, that’s being charitable. Where does credulity end and guilt begin? That is decided by the courts.