The stock market

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Up a grand already and markets not even open yet
 
longcast said:
No way...................$40 Million says "you get a pass". Follow the money! ;)
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www.yahoo.com

FTX founder charged in scheme to defraud crypto investors

The U.S. government charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company's...
www.yahoo.com www.yahoo.com

NEW YORK (AP) — U.S. prosecutors charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes and campaign finance violations on Tuesday, alleging he played a central role in the rapid collapse of FTX and hid its problems from the public and investors.

The indictment says Bankman-Fried allegedly committed a years-long fraud by diverting investors’ funds to his private hedge fund and using the money to make venture investments, lavish real estate purchases and large political donations.

Bankman-Fried, who arrested Monday by Bahamian authorities at the request of the U.S. government, was charged with eight counts, ranging from wire fraud to money laundering to conspiracy to commit fraud on the United States. He was also charged with making more than $25,000 in illegal campaign contributions, a notable charge as Bankman-Fried was one of the largest political donors this year.

The indictment is on top of civil charges announced earlier Tuesday by the Securities and Exchange Commission, which also alleged Bankman-Fried defrauded investors and used proceeds from investors to buy real estate on behalf of himself and family.

Along with the charges, U.S. authorities will seek to have Bankman-Fried forfeit all financial gains he might have received as part of the scheme. They are expected to request his extradition to the U.S., although the timing of that request is unclear. FTX filed for bankruptcy on Nov. 11, when it ran out of money after the cryptocurrency equivalent of a bank run.

The maximum potential prison exposure from these charges is 115 years, according to Nicholas Biase, a prosecutors spokesperson.
 
wader said:
www.yahoo.com

FTX founder charged in scheme to defraud crypto investors

The U.S. government charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company's...
www.yahoo.com www.yahoo.com

NEW YORK (AP) — U.S. prosecutors charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes and campaign finance violations on Tuesday, alleging he played a central role in the rapid collapse of FTX and hid its problems from the public and investors.

The indictment says Bankman-Fried allegedly committed a years-long fraud by diverting investors’ funds to his private hedge fund and using the money to make venture investments, lavish real estate purchases and large political donations.

Bankman-Fried, who arrested Monday by Bahamian authorities at the request of the U.S. government, was charged with eight counts, ranging from wire fraud to money laundering to conspiracy to commit fraud on the United States. He was also charged with making more than $25,000 in illegal campaign contributions, a notable charge as Bankman-Fried was one of the largest political donors this year.

The indictment is on top of civil charges announced earlier Tuesday by the Securities and Exchange Commission, which also alleged Bankman-Fried defrauded investors and used proceeds from investors to buy real estate on behalf of himself and family.

Along with the charges, U.S. authorities will seek to have Bankman-Fried forfeit all financial gains he might have received as part of the scheme. They are expected to request his extradition to the U.S., although the timing of that request is unclear. FTX filed for bankruptcy on Nov. 11, when it ran out of money after the cryptocurrency equivalent of a bank run.

The maximum potential prison exposure from these charges is 115 years, according to Nicholas Biase, a prosecutors spokesperson.
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I think he was supposed to testify in front of Congress today..........................nope, charges filed, let's lawyer up. Would not want him to produce the list of WHO received the $40 million just yet. That will be the "chip" he needs in the game to follow. We shall see.
 
Should of pulled the trigger this AM on more shorts...but sidetracked with work. Was down 750 in the morning now 152

Anyway, hedged long now as well on Semi's SOXL and TQQQ , playing both direction and have some limits in to close those out i cas we get a ripper into the close or tomorrow. The long profits will ofset my shorts.

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if we close down today...up tomorrow...and vice versa.....there are exceptions to everything but that is the high odds bet

we are going down now on fed decision

.50 rate increase
 
Powell talking the market down....not going long for tomorrow. The market has gone too far too fast. So DOWN looks probable for now.....things are out of sync....I'm flat!!
 
movetheboat said:
Powell talking the market down....not going long for tomorrow. The market has gone too far too fast. So DOWN looks probable for now.....things are out of sync....I'm flat!!
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Closed out my longs around 2:15pm...should have done it in the AM for profit.

Still short with SQQQ, SPXU, and own some vol all said and done still only down 100 on the day ...wacky mkt

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