Where Did Founder of FTX Come From

Obviously from a deprived home?

As I lived during the era of Bernie Madoff 2009 Ponzi scheme which defrauded not only individuals but whole funds and savings from reputable people. They were broken by the scheme and Madoff, the biggest fraudster to date was convicted and sent to prison. His two sons died shortly thereafter - a really sad comment on the whole affair. Madoff was the grandson of immigrants whose parents had worked hard and by all checkpoints had a normal life with university available and ethics taught or at least exposed to him. Why did he go bad? The prevailing thinking was that whatever he had wasn’t enough, the usual reason.

Come last week and we have another Ponzi scheme revealed, but not from the normal sources. Here is a young man the product of Silicon Valley’s most prestigious schooling and raised by two professors at Stanford. The professor-parents are quick to observe, report, and ridicule those who do not only follow the rules of wokedom. They are also the first ones to lecture and further preach on those famous subjects of inclusion (making sure that all whites are not included), diversity (separating blacks from whites), and equity (making sure that only one voice is heard) and the whole pronoun rigamarole (ze/zer, it/them, fuzz/fonz, ad nauseam). After all who better arbiters than two legal scholars of Stanford?

Enter the son, who has been exposed to this inclusive, anti-racist, anti-discrimination upbringing, and is donating extensively and prolifically to the Democratic Party to “make a splash.” Not only that but he’s made billions in the career-du-jour for those in Silicon Valley which is the crypto-currency field. What could be more au courant than to ally your own crypto-currency company with the Democratic Party? Well, it’s a match made in heaven according to Silicon Valley.

So let’s review what we have here. We have parents that are the epitome of modern parental teaching, including all the correct stuff according to the curriculum du jour, and what happens to the product of all this “correct” teaching? Well, he developed a multi-billion dollar company that turns out to be a Ponzi scheme. But that’s not all. He’s decided to declare his residence in the Bahamas where there is no extradition to the US for fraudulent financial behavior. Isn’t that convenient?

Additionally, $1 to $2 billion is now missing from FTX which was withdrawn before the whole crypto-currency filed for bankruptcy. So far the reasoning/excuse is that the crypto-currency has been hacked, something which is not supposed to happen as this is one of the safeguards of the whole idea behind crypto-currency.

So our stellar product of the Silicon Valley set has turned out to not only be a thief and creator of a Ponzi scheme (grifter, conman), but someone who doesn’t seem to want to play by the rules that the rest of we folks have to play by - escaping to the Bahamas to avoid extradition to US to face the music in the US.

This is a fine and perfectly clear result of the woke method of child-rearing. It should make a clear comment on why this doesn’t work well for the recipient of this child-rearing technique. But more importantly, let’s look ten or even thirty years on down the road. Where does this product of wokeism end up? Probably most likely prison (if he’s lucky), but if not, then on the grift working from one scam to another further damaging anyone connected with him as well as his own reputation.

The bottom line: This person becomes a complete drain on society, contributing nothing and taking everything he needs to survive from either the prison system or the social welfare system. What this wokeism has wrought is a class of entitled, irregularly-shaped ethics and expectant of a social welfare security net - all of which contribute nothing to their community, and become a burden to society.