Weird Fraudster Sam Bankman-Fried Stole Billions. How? Kurt Wuckert, Jr. and I Probe the Mystery.

FTX is the most recent example of why good financial regulatory guard rails are a splendid idea. In an ideal laissez-faire world, the market would sort out the criminals from the honest people.  In reality, every lying scumbag like Sam Bankman-Fried who stole billions from customers and gave $40 million to Democrats this election cycle (second only to George Soros) destroys confidence in the market and massively impacts the global economy.  

Unfortunately, that makes some basic risk management and regulatory oversight a necessary overhead cost for those of us who are not lying criminal fraudsters.   A lot of good people just had a lot of money stolen from them by a chubby vegan asshole who just took billions of dollars of customer money to give to his underage-looking, self-confessed amphetamine freak girlfriend Caroline Ellison at Alameda Research to "trade."  

This co-conspirator has spoken publicly about having no risk management skills or any interest in acquiring any and gleefully lost all those billions of dollars that Sam gave her illegally.  

There is a lot to this evil theft but we suggest you keep a close eye on the $40 million Sam gave to Democrats for the midterm elections. Those politicians must be forced to return that money to whomever is put in charge of clawing back any assets whatsoever to return to injured creditors.  Much like people who had just gotten "dividends" from Bernie Madoff before the Ponzi scheme collapsed, that money must be disgorged back to the general creditors' pool.  

What can every American do?  Call and write your Congressional representatives, the White House and your Governors' offices demanding those "public servants" return that cash.