I hear fraud

**Land of The Rising Sun**

The unreal horror of life in the Bahamas for Bahamians is nothing more than laughable if not; we will all sit down and cry. Politicians are so busy, in a frenzy, building their egos (and using their privileged positions of office), exposing themselves to the compromise of opportunities brought into the country by foreigners, benefiting themselves, family, and friends, and an elite class of wealthy Bahamian Families to the decline of everyone else.

At the same time, merchants, law enforcement, and public officials enjoy a painful orgy of abusing Bahamians through their corruption and evil economic practices. The disappointments of broken campaign promises and the heartbreaking 'run' played on Bahamians perpetrated by politicians every five years have cheapened the life and culture we once knew and enjoyed as Bahamians.

Our safety, comforts and growth are now irrelevant to pursuing shortsighted self-interest. While more and more Bahamians have become numb to the decay and suffering in The Bahamas, we now call life.

*The Needs of The Country And its People Have Exceeded The Current Political Ideology. From 1967 to Now! How Have We Progressed As a People? What Opportunities Have We Missed, Mistakes Made, And How Do We Look Back at The Past 50 Years, And Move Forward To The Next 50 Years?
Can The Colonial Footing That Created The Old Bahamas Sustain a Future Bahamas? Fundamental Social and Political Changes Are Needed For The Bahamas to Regain Its Once Held Position of Glory That Made Us All Hold Our Heads High and Proud To Be Called Bahamians?*

Well, like any other 'receiving case', it's about the crime, not the money. And it's starting to look like it's true that 'A Leopard Never Changes Its Spots' and someone in the Davis Administration will have to fall to his sword to save the Bahamas and the Davis Administration from this shame.-

'what you sayin Drave', cat gat yah tongue? 🧐

Bahamians know the history of what has happened to FTX after the shameful collapse in the Bahamas; however, the question for Bahamians that Attorney General Ryan Pinder has not addressed is 'how did the Bahamas not see the fake in FTX? Where was the oversight, and why was the office of The Prime Minister of our country the face of this scam? We don't need history lessons and meaningless sermons; Bahamians want to know why the close involvement of so many influential Bahamians is seen as 'special treatment for FTX. Where was the due diligence for these guys, spending millions when Bahamians in his own country can't spend $5,000 before the police are called or Bahaamians with Business Proposals are shown the door, disrespected, and emails go unanswered? It is best to stop the distraction and come clean because the truth will come out, as it always does.

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******The Needs of The Country And its People Have Exceeded The Current Political Ideology. From 1967 - Now! How Have We Progressed As a People? What Opportunities Have We Missed, Mistakes Made, And How Do We Look Back at The Past 50 Years, And Move Forward To The Next 50 Years?
Can The Colonial Footing That Created The Old Bahamas Sustain a Future Bahamas? Fundamental Changes Are Needed For The Bahamas to Regain Its Once Held Position of Glory, Glory That Made 'Bahamians' Hold Their Heads High and Proud To Be Called Bahamians?******

***'Tip Tip' Money, Money, Money, the PLP is back; if you don't pay, you don't play; the PLP is back.***

"Expulsis piratis restituta commercia" (Pirates expelled, commerce restored) this declaration may have never happened, they are Pirates after all.

Expulsis Piratis – Restituta Commercia, since when!

It is clear now that The Bahamas is not a valid country, nothing more than a 'Gangster Paradise.'

The list of frauds and scams continues to grow and appears to increase under (PLP led Administrations)

Let us take a look back at some that I could find:
* 2017 - McFarland, Fyre Festival, admitted to defrauding investors of $26 million in the festival and over $100,000 in a fraudulent ticket-selling scheme while he was out on bail pending trial for the Fyre scam.
* 2015 - Lawrence Foster, eight fraud-related counts in relation to $8 million from around 90 investors after promising "that it owned land in the Bahamas and would use investor funds to develop the island of Rum Cay".
* 2015 - John Brier, a US citizen who has led a four-strong group seeking to recover their 'investments' in Long Island real estate,
* 2014 - oceania heights victims were scammed for over $40 million
* 2014 - Attorney (Pleasant M. Bridgewater) fraud at Old Bahamas Bay, ( over 20 members of investors ) Old Bahama Bay Grand Bahamas.
* 2009 Attorney (Pleasant M. Bridgewater) attempted a $25M extortion relating to John Travolta's son's death.

Plus, a long list of prominent corrupted attorneys in stolen client money, real estate title scams called 'double titling.'

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Earlier during this ongoing crypto winter, BlockFi cut 20% of its staff from all parts of its company. Later that same month, FTX handed the exchange $250 million in credit to keep itself afloat. At the time, FTX’s CEO Bankman-Fried said his company was “partnering” with BlockFi “so they can navigate the market from a position of strength.” In a Twitter thread, he further elaborated that BlockFi was acting preemptively to gain new cash flows “before it was necessary.”

A Few Crypto Folks Considered Propping Up FTX
Binance and its CEO Chenpeng Zhao were originally set to buy out FTX, but after looking at its rival’s balance sheets and apparently smelling something not quite right, Binance tanked the deal. Justin Sun, the founder of Tron and its cryptocurrencies such as trx just, then stepped up to potentially prop up the failing company. Sun told Bloomberg on Friday that they might be ready to provide a multi-billion dollar influx of aid to help the beleaguered FTX.

Sun had already struck a deal with FTX that allowed its token holders to withdraw their funds to external wallets, even though the exchange is still ostensibly closed to withdrawals. Earlier this morning, Tron’s tokens were selling at an enormous premium on FTX as users worked to get their tokens off the sinking ship that is Bankman-Fried’s prized exchange, according to a report from CoinTelegraph.

Once its rival crypto exchange Binance dumped its stock of FTT, the price of the exchange’s native coin plummeted, resulting in FTX faceplanting into a multi-billion dollar hole that it has not been able to pull itself out of.

It’s gone from bad to worse for what was once the third-largest crypto exchange by market cap. Late on Thursday, the Bahamas, where FTX was based out of, announced its Securities Commission had frozen all of FTX’s assets. According to an official release, the country also suspended the company’s official registration.

“The Commission is aware of public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research. Based on the Commission’s information, any such actions would have been contrary to normal governance, without client consent and potentially unlawful,” the Securities Commission wrote.

Bankman-Fried has put the blame on his own shoulders, saying “I fucked up, and should have done better.” He also said he overestimated the margins for how much users had on FTX. As much as he might be placing the blame on himself, that still won’t stop the U.S. Department of Justice and The Securities and Exchange Commission from investigating whether FTX’s lending products were securities, and whether the exchange broke any laws.

BlockFi is Caught Up in FTX’s Failure
Just like the collapse of the Terra stablecoin seven months ago, the calamity befalling the once-hailed crypto exchange FTX is set to take down multiple leaders of the crypto lending space. Late on Thursday, crypto lending platform BlockFi announced they were halting withdrawals.

The company tweeted they were keeping all crypto on their platform “until there is further clarity” from the ongoing collapse of once-billionaire Sam Bankman-Fried’s crypto firms FTX and Alameda Research. The company also begged users to not do any more crypto deposits on their BlockFi wallets until they could somehow, some way, sort out this mess.

“We, like the rest of the world, found out about this situation through Twitter,” the company wrote.

In its second quarter earnings report, BlockFi said they had $3.9 billion in client assets housed under their roof, though of course the price of crypto fluctuates so rapidly it’s hard to tell just how much crypto might be squirreled away. An unnamed source with knowledge of the matter told Bloomberg that BlockFi was working to move its assets over to FTX for custody, though the majority hadn’t yet been transferred. The company had also given loans to Alameda, though the source did not specify how much.

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