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2022-11-15 -Lurid Crime Tales-

How World Economic Forum, others are hiding their past ties with FTX

[NYP] The shocking implosion of the FTX crypto exchange has become an embarrassment for a who’s who among global elites, with some issuing mea culpas — and others apparently scrambling to hide their ties to its disgraced, 30-year-old founder Sam Bankman-Fried.

Web archive sites show that the World Economic Forum — whose glitzy shindig in Davos, Switzerland, is a must-attend for billionaires and world leaders each year — had previously listed FTX as one of its "partners," touting the Bahamas-based firm as a "cryptocurrency exchange built by traders, for traders."

Bankman-Fried also was a speaker at Davos last May alongside luminaries such as Google financial chief Ruth Porat and Bill Winters, CEO of the London-based financial giant Standard Chartered. Nevertheless, WEF has since scrubbed any mention of FTX from its website in the days after the crypto exchange filed for bankruptcy.

"FTX was a World Economic Forum partner. In light of last week’s events, their partnership was suspended and they were removed from the Partners section of our website," a spokesman for the Geneva-based organization headed by Klaus Schwab told The Post on Monday.

According to one WEF insider, Bankman-Fried likely landed on the group’s site because he donated cash to the group, in addition to his upcoming speaking gig.

Posted by Besoeker 2022-11-15 08:09|| || Front Page|| [11131 views ] Top

#1 Strangely, the link appears to be down:

Posted by Besoeker 2022-11-15 08:15|| 2022-11-15 08:15|| Front Page Top

#2 So, how's that cashless society working out for you, bubbi?

Posted by M. Murcek 2022-11-15 08:20|| 2022-11-15 08:20|| Front Page Top

#3 The proceeds were forwarded to the DNC. The 'Big Guy' and FTX's Sam Bankman-Fried got their cuts. After the mid-term, the scheme was dissolved.

Everyone knows political ad campaigns are very expensive.

What are your questions.

Posted by Besoeker 2022-11-15 08:26|| 2022-11-15 08:26|| Front Page Top

#4 It’s a happy thought that there will be that much less funding for all sorts on the left going forward. Not just from FTX’s Mr. Bankman-Fried, but also all the other clever little money makers who are currently radically downsizing.

Posted by trailing wife 2022-11-15 10:59|| 2022-11-15 10:59|| Front Page Top

#5 The sooner this crypto scam ends, the better.

When the Dutch tulip mania crashed, they at least had some beautiful tulips left.

Posted by European Conservative 2022-11-15 11:05|| 2022-11-15 11:05|| Front Page Top

#6 Man who lost everything in crypto just wishes several thousand more people had warned him

Posted by Matt 2022-11-15 11:34|| 2022-11-15 11:34|| Front Page Top

#7 And people wonder why an IT guy like myself stays as far away from crypto as possible.

Posted by DarthVader 2022-11-15 11:59|| 2022-11-15 11:59|| Front Page Top

#8 This seems to have been an adjunct or replacement to what they were doing with the Clinton Global Initiative. The Congressional investigation will look similar to the Fast and Furious kabuki.

Posted by Super Hose 2022-11-15 12:03|| 2022-11-15 12:03|| Front Page Top

#9 "FTX donated to Dems, so no investigation."
~ Elon Musk

Posted by Besoeker 2022-11-15 12:06|| 2022-11-15 12:06|| Front Page Top

#10 Apparently in plain sight.

Next they'll discover Ukraine is a money laundering scheme.

Posted by swksvolFF 2022-11-15 12:13|| 2022-11-15 12:13|| Front Page Top

#11 Its risky business to scam some people out their money. They might just collect their lb of flesh.

Posted by BrerRabbit 2022-11-15 12:32|| 2022-11-15 12:32|| Front Page Top

#12 The key problem with bribes and payoffs is how to keep the money when the scam ends.

Posted by ed in texas 2022-11-15 15:13|| 2022-11-15 15:13|| Front Page Top

#13 Shouldn't the Democrats politicians that received $100's of millions from FTX be required to return it to a Legal fund set up for the victims?

Posted by NN2N1 2022-11-15 15:51|| 2022-11-15 15:51|| Front Page Top

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