Tag Archives: Nishad Singh

That was the realisation that I got today. The reason that I had that thought was a BBC article. The article (at https://www.bbc.co.uk/news/business-66747694) gives us ‘Another FTX executive Ryan Salame pleads guilty’. It is there that we find “He agreed to surrender more than $1.5bn (£1.2bn) to authorities. The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.” I had issues from the very beginning, the total lack of checks and balances were the first hurdle I saw avoided by too many. The fact that someone can just push over a billion dollars out of the way is what I personally regard a first piece of evidence. That in itself does not warrant my thought that America is for criminals. That is seen with “authorities said they would accept $6m, two properties in Massachusetts and a 2021 Porsche as part of the plea deal, according to Reuters.” That is the deal for criminals. Fail your criminal empire, you get millions, two houses and a Porsche, that is nice too, not? Has anyone gone insane? That I the way you hand over the keys to criminal empire makers and no matter how you think it goes. The station of crime pays in America. My question becomes what did after former Alameda chief executive officer Caroline Ellison, former FTX technology chief Gary Wang and former FTX engineering chief Nishad Singh get? The setting of such a deal that they all get some plea deal with houses and millions is just too sickening to my stomach. In the end we have one month to go until we find out what happens to Mr Bankman-Fried (or Mr Bonky-Fired as I call him). I wonder what plea deal awaits him. What option do they offer him as he was too confused for matters. Perhaps it is the the crypto currency what drove him insane, it gave too much imbalance to whatever medication he was on. prosecutor Damian Williams, US attorney for the southern district of New York gave us “Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law,” Yet I wonder not what was said there, I wonder what was possible to set the station to advance criminal intent within the law, that is the stage that is connected and it is the parts that is not drilled on. Yet, that is pure speculation from me. 

The fact that billions went awry is still matter for the court, because that is the stage that is perhaps largely ignored. I personally see it as an absence of checks and balances. And yes, I could be wrong here. But when you consider the way that billions were moved from left to right, from the US to untouchable to the US is still matters to consider and with proper checks and balances this should not have been possible. So in the end, is America merely a place for criminals and greed driven people now? I will let you ponder that, but remember that the plea deal here included millions, a luxury car and two houses. That person will be allowed to live in a style that well over 98% of Americans will never know. Consider that part of the equation too.

Enjoy you weekend without millions, a Porsche and two places to live.