"*Christina Rolle, the regulator’s executive director, asserted in a November 10, 2022, affidavit that the digital assets regulator “cannot condone” the now-jailed FTX chief’s plan to prioritise Bahamian withdrawals over all other clients as set out in his November 9, 2022, e-mail to attorney general Ryan Pinder KC*"
After multiple email exchanges nobody responded to Sam to tell him to cease and desist from what would be an illegal payout? And then file an affidavit with someone else to say you dont agree? This makes NO sense. The robber tell the police I going to rob the bank if you dont tell me you object. the police go to the judge to say I dont agree with robbers robbing banks.Then the robber rob the bank just like they promised??
But seriously, the greatest signal Brave Davis could have sent the world was the removal of the entire board that very week. Argue about what happened later but clearly, someone missed something they shouldnt have, 10 billion gone. Instead they thought they could bluff their way through with a nice sounding speech, a statement that we'd done everything right followed by silence.... and Fred Michell
We are not the only ones who will notice with shock and disbelief, the regulator waiting for the criminal to confess. The world will not be as nice
This doesnt make ANY sense to me. This would have me believe that the only way a regulator can discover that client funds were moved without client consent is to ask the perpetrator to fess up?
**he's 100% right. Our govt successive administrations have a policy of information hiding. Remember Fitzgerald? *I couldnt say oil was seeping into the ground in a residential neighbourhood, I would have been fired***. If the govt had its way this story would have been buried from day one with a statement that *its under investigation and we're not commenting.* And that would have been the end of that. Like every other scandal
If the bankruptcy was filed it would have been illegal. There is a legal pecking order to getting money back from failed investments. No group can be given preference over others not in their legal turn. This is a very very strange occurrence.
There's ALOT of information hiding for what we in the public believe are minor details then we get the right upper cut from some document filing in the US case.
Noone even hinted that Sam had open communication line to the AG for days via EMAIL!!!. Remember people skeptically asking *why he send an email? Who's going to read that?* Well it appears he sent an email because thats how they were communicating all along. Are we to believe, all of a sudden, nobody saw the email?
Why did the SCB director have shovel in hand next to SBF at the FTX ground break ceremony. Its as if the SCB acted as a PR and marketing firm rather than a regulator. And now theyre busing putting on a digital assets conference with another crypto firm OKX as the lead sponsor. They need to distance themselves from "marketing" and focus on regulatory strengthening. In any event I suspect they sunk their own battleship with all this kissing up to Sam the billiinaire wiz kid. Neither the US nor Europe will allow the Bahamas to have any dominance in this space... ever. watch and see
ThisIsOurs says...
"*Christina Rolle, the regulator’s executive director, asserted in a November 10, 2022, affidavit that the digital assets regulator “cannot condone” the now-jailed FTX chief’s plan to prioritise Bahamian withdrawals over all other clients as set out in his November 9, 2022, e-mail to attorney general Ryan Pinder KC*"
After multiple email exchanges nobody responded to Sam to tell him to cease and desist from what would be an illegal payout? And then file an affidavit with someone else to say you dont agree? This makes NO sense. The robber tell the police I going to rob the bank if you dont tell me you object. the police go to the judge to say I dont agree with robbers robbing banks.Then the robber rob the bank just like they promised??
On Commission ‘cannot condone’ FTXs $100m Bahamas payout
Posted 15 December 2022, 2:51 p.m. Suggest removal
ThisIsOurs says...
BBC lol.
But seriously, the greatest signal Brave Davis could have sent the world was the removal of the entire board that very week. Argue about what happened later but clearly, someone missed something they shouldnt have, 10 billion gone. Instead they thought they could bluff their way through with a nice sounding speech, a statement that we'd done everything right followed by silence.... and Fred Michell
We are not the only ones who will notice with shock and disbelief, the regulator waiting for the criminal to confess. The world will not be as nice
On ‘FTX BAHAMAS CHIEF CONFESSED TO FRAUD’: Securities Commission director says admission led to liquidation move
Posted 15 December 2022, 11:58 a.m. Suggest removal
ThisIsOurs says...
lol
On ‘FTX BAHAMAS CHIEF CONFESSED TO FRAUD’: Securities Commission director says admission led to liquidation move
Posted 15 December 2022, 10:40 a.m. Suggest removal
ThisIsOurs says...
This doesnt make ANY sense to me. This would have me believe that the only way a regulator can discover that client funds were moved without client consent is to ask the perpetrator to fess up?
On ‘FTX BAHAMAS CHIEF CONFESSED TO FRAUD’: Securities Commission director says admission led to liquidation move
Posted 15 December 2022, 10:39 a.m. Suggest removal
ThisIsOurs says...
**he's 100% right. Our govt successive administrations have a policy of information hiding. Remember Fitzgerald? *I couldnt say oil was seeping into the ground in a residential neighbourhood, I would have been fired***. If the govt had its way this story would have been buried from day one with a statement that *its under investigation and we're not commenting.* And that would have been the end of that. Like every other scandal
On New FTX CEO: Bahamas is not transparent
Posted 14 December 2022, 4:46 p.m. Suggest removal
ThisIsOurs says...
If the bankruptcy was filed it would have been illegal. There is a legal pecking order to getting money back from failed investments. No group can be given preference over others not in their legal turn. This is a very very strange occurrence.
On FTX’s US chief hits PM, AG over ‘total stonewall’
Posted 14 December 2022, 4:38 p.m. Suggest removal
ThisIsOurs says...
There's ALOT of information hiding for what we in the public believe are minor details then we get the right upper cut from some document filing in the US case.
Noone even hinted that Sam had open communication line to the AG for days via EMAIL!!!. Remember people skeptically asking *why he send an email? Who's going to read that?* Well it appears he sent an email because thats how they were communicating all along. Are we to believe, all of a sudden, nobody saw the email?
On FTX’s US chief hits PM, AG over ‘total stonewall’
Posted 14 December 2022, 2:49 p.m. Suggest removal
ThisIsOurs says...
Tune in next time. Same bat time, same bat channel
On FTX’s US chief hits PM, AG over ‘total stonewall’
Posted 14 December 2022, 1:56 p.m. Suggest removal
ThisIsOurs says...
Why did the SCB director have shovel in hand next to SBF at the FTX ground break ceremony. Its as if the SCB acted as a PR and marketing firm rather than a regulator. And now theyre busing putting on a digital assets conference with another crypto firm OKX as the lead sponsor. They need to distance themselves from "marketing" and focus on regulatory strengthening. In any event I suspect they sunk their own battleship with all this kissing up to Sam the billiinaire wiz kid. Neither the US nor Europe will allow the Bahamas to have any dominance in this space... ever. watch and see
On Cooper: We will defend nation’s reputation
Posted 14 December 2022, 1:46 p.m. Suggest removal
ThisIsOurs says...
Well yeah I wasnt in the Albany penthouse so I cant know...
On AG: ‘No go’ for $100m FTX Bahamian returns
Posted 13 December 2022, 7:33 p.m. Suggest removal