Kamala Harris’ husband Doug Emhoff admits he cheated with nanny on his first accomplice
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Former Trump administration communications director Anthony Scaramucci said Friday on CNN’s “The Lead” that former President Donald Trump plans to use the FBI like Nazi Germany’s “Gestapo.”
Scaramucci said, “The Biden messaging is fantastic. The Biden legislative agenda has work. He’s done more for working class people, then Donald Trump did 2017 to 2021 but you’ve got an issue there.”
He continued, “Unfortunately in our society now, these elections are popularity contests and not hiring decisions. And so they have to come up with a strategy to expand the net of the Biden Independants.”
Scaramucci added, “Dr. Phil is a great guy. I don’t know what he charged for that therapy session with Donald Trump, but it was a therapy session. And laced underneath all of that a double entendre because Donald Trump will say two things at once and then his adversaries will pick up on one thing. And the people that are supporting and we’ll pick up on another. So he’s saying he doesn’t want revenge, revenge is success, and the other side of his mouth, he’s letting people know, ‘Hey, I can’t wait to get this job because I’m going to seek retribution through the justice system.’ He’s also told friends of mine that have defended him in court, defense attorneys, that he wants to use the FBI as the Gestapo. He probably doesn’t know what that means, but he has said that. S we have to hold them accountable for those things. If we do all of that, President Biden will win reelection.”
Bloomberg reported that federal prosecutors have recommended a five- to seven-year prison sentence for former FTX executive Ryan Salame, emphasizing his significant role in the exchange’s collapse.
The downfall of one of the largest US crypto exchanges in November 2022 continues to impact the industry.
Former FTX Executive’s Crimes and Legal Battles
Salame pleaded guilty last September and is scheduled for sentencing on May 28. His charges include campaign finance violations and operating an unlicensed money-transmitting business. Prosecutors argue a substantial sentence is necessary for justice and deterrence. In their memo, they highlight Salame’s offenses.
“The campaign finance offense is one of the largest ever in American history. The unlicensed money-transmitting business exchanged more than $1 billion without proper supervision,” prosecutors stated.
Salame’s legal team advocates for a lighter sentence of no more than 18 months. They argue he was not the mastermind and lost much of his fortune with the FTX collapse. His lawyers highlight his cooperation with authorities, including alerting the Bahamas about potential fraud.
Salame joined Alameda Research, FTX’s sister hedge fund, in 2019 after meeting co-founder Sam Bankman-Fried. By 2021, he moved to the Bahamas and became CEO of FTX’s subsidiary there. In addition to the unlicensed money-transmitting charges, they accuse him of acting as a straw donor for Bankman-Fried, channeling millions in political donations.
Former FTX executive agreed to forfeit nearly $6 million in assets, including a restaurant in Massachusetts, as part of his plea deal. The sentencing memo includes 28 letters from friends and family attesting to his character and highlighting his charitable contributions.
Some prominent figures have pointed out the controversial nature of the court’s decision. Cal Evans, founder of Fortune Wallet and an industry veteran, discussed Salame’s case with BeInCrypto, sparking a critical debate about fairness and consistency in financial regulation.
“We have to juxtapose this situation to the crisis of 2008, where whole banks collapsed and no banking “professionals” went to jail. It would be telling if both SBF and Salame are given hard jail time when nobody faced any consequences in the banking industry for equally if not worse banking practices. FTX attempted to be as regulated as possible. However as is typical with the US regulatory frameworks at the moment, there is no “clear” way that a company can be clean with their business activities. This, twinned with how Salame is being treated, is telling that the US has no intention on taking crypto seriously”, he said.
Salame’s case marks the beginning of sentencing for key figures in the FTX scandal. Other prominent individuals like Caroline Ellison, Nishad Singh, and Gary Wang, await judgment. The November 2022 scandal revealed massive embezzlement and misappropriation of customer funds totaling $10 billion.
In March, Sam Bankman-Fried was sentenced to 25 years for fraud. He is currently appealing the verdict.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Nvidia’s impressive Q1 earnings report caused AI-related stocks to surge, but AI crypto has not followed suit despite Crypto trader’s expectations.
On May 22, Nvidia released its Q1 earnings report. Revenue jumped 18% from the previous quarter and surged 262% year-over-year, beating analyst estimates of $24.6 billion.
The earnings report was released after the NYSE market closed on May 22. However, Nvidia’s stock spiked 6.06% in after-hours trading, reaching $1,007 and pushing its market capitalization to over $2.5 trillion.
Anticipating Nvidia’s earnings report, investors expected a positive outcome to be a catalyst for AI-related cryptocurrencies.
This led many AI-related projects to rally hard ahead of the report, as investors scrambled to capitalise on the best AI cryptocurrencies.
Immediately following Nvidia’s earnings report, tokens such as Fetch.ai (FET), The Graph (GRT), Injective (INJ), Render (RNDR), and SingularityNET (AGIX) did jump higher. However, many of them have since started to retrace.
With Nvidia and other AI-focused companies performing so well in the stock market, the question many investors are now asking is whether AI-related crypto tokens will also benefit from the bullish sentiment surrounding AI.
Notably, On May 22, a known “whale” wallet transferred approximately $52.1 million worth of Render to an unknown wallet, as reported by Santiment. This could indicate that holders were anticipating a “sell the news” event.
🐳 Whale activity has been high among the #AI sector, and #Render has been no exception. A known whale sent 4.89M $RNDR (worth $52.1M) to an unknown wallet earlier today as prices corrected. Those holding this asset should watch for increased volatility. https://t.co/AIKq9INw1Mpic.twitter.com/EG1Rd1HhcA
However, this initial retracement might precede a rally. Pseudonymous crypto trader D0c Crypto pointed out that RNDR didn’t experience a price spike until 48 hours after Nvidia’s previous earnings report during an X post.
This marks a potential opportunity to enter the market and see further gains following the Nvidia earnings report, as well as a potential buying opportunity.
Although this sentiment does pose some potential gains, the aforementioned AI crypto projects are limited due to their high market capitalization. Consequently, traders looking for quicker and bigger gains may do well to investigate some of the newer low-cap AI coins currently doing the rounds.
OEIS Financial Fraud Private Investigator: Meet Crypto’s First AI Trading Companion: WienerAI
Enter WienerAI ($WAI), a new meme coin and AI companion cited to become every crypto trader’s Best Friend.
The meme coin market is over-saturated with Shiba Inu-themed coins boasting little to no real utility. Something which may credit Weiner AI’s (WAI) recent success, raising over $2.7 million in its presale so far.
Touted as a “Revolutionary AI Trading partner”, WienerAI is a digital companion that gives its owners user-friendly AI-enhanced trading advice, seamless swap functionality, and zero fees.
Around 20% of $WAI’s supply is for staking, and investors are currently earning a massive 409% APY, as per the project’s official website. This places WeinerAI among some of the best passive income crypto gems.
Keep up-to-date with WienerAI news over on X and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
