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Cryptos

Sam Bankman-Fried’s Parents Sued by FTX

For months, John Jay Ray III, the corporate turnaround expert who was appointed to oversee the bankruptcy of the FTX crypto exchange, has attacked the company’s founder, Sam Bankman-Fried, accusing him of “old-fashioned embezzlement.”Now, Mr. Ray has a new target: Mr. Bankman-Fried’s parents.On Monday, FTX filed a lawsuit in federal court in…
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Even the Fed’s Losing Money!

The financial system is in a slow-motion meltdown. There are many indications that the economy’s in trouble, despite what you’ll hear from the cheerleaders in the mainstream media.Commercial real estate values are crashing, and the associated loans are going into default.…
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