Yet it’s important to remember this is a legal case, and it is by no means certain what the outcome will be. Mild rebukes are often the same as tacit acceptance. Any attempt to overthrow a legitimate democratic election should be addressed with clarity and conviction. The certainty of black and white fades into shades of gray.This can be good and bad. Problems that seem simple in other countries often feel much more complicated at home. I’ve noticed this from Germany to Afghanistan. It is always easier to be categorical about someone else’s country. Watergate and every other scandal pale in comparison.”That’s strong meat. Here are a few choice words from a commentary in today’s Frankfurter Allgemeine, arguably the country’s leading daily newspaper:“Anyone who hasn’t become jaded three years after the storming of the Capitol and hasn’t written off America as a beacon of democracy will have their blood run cold when reading this document-packed description of Trump’s election fraud attempts. The easy answer is they are fairly appalled. President Donald Trump?There is an easy answer and a somewhat more complicated one. (See last Thursday’s Daily for details.) In a Monitor meeting this morning came the obvious question: What do people in Germany think about the indictment of former U.S. operation was solvent and that, with time, he could have made customers of the international division “substantially whole” after getting interest from investors.As many of you know, I have arrived in Berlin and will be living in Germany for the next year. In the blog post, Bankman-Fried reiterated claims that FTX’s U.S. She said the two of them also crafted false financial statements. In her plea hearing last month, Ellison said she and Bankman-Fried knowingly misled lenders about how much Alameda was borrowing from the crypto exchange. Customers May Have Better Luck Getting Their Money BackĪlameda’s former CEO Caroline Ellison has pleaded guilty to fraud charges and is cooperating with prosecutors. The exact customer shortfall remains unclear as the bankruptcy team has to wade through a dearth of financial records. exchange would suffer less.Īt a bankruptcy hearing on Wednesday, FTX’s lawyers revealed more than $5 billion in cash and other assets had been recovered over the past two months.įTX also plans to sell off nonstrategic investments that had a book value of $4.6 billion. Speaking to the chances of customers seeing their funds again, he told a panel of U.S. Ray has been optimistic about the likelihood that FTX’s U.S. He’s painted a picture of FTX as a mismanaged, largely out-of-control company bathed in conflicts and lacking basic accounting practices, calling it the worst failure of corporate controls he’d ever seen. Ray III stepped in as CEO of FTX when the company slid into bankruptcy. Zhao has previously said that he didn’t realize the tweet “would cause so much change.” He added that “Alameda became illiquid, FTX International did as well, because Alameda had a margin position open on FTX and the run on the bank turned that illiquidity into insolvency.” Outside groups connected to the FTX co-founder spent about $2.4 million to support the congressional campaigns of Robert Garcia and Sydney Kamlager. California Disgraced crypto exec Sam Bankman-Fried spent big in two SoCal Congress races
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