How a Property Investor stole $12.5 Billion in the Largest Commercial Bank in Vietnam |Truong My Lan
How this Property Investor stole $12.5 Billion in the Largest Commercial Bank in Vietnam? She directed the group of defendants at Van Thinh Phat Group to establish, receive transfers, and use thousands of legal entities to name the loan; transfer or receive money from abroad; Release Stock; Name the project; Restructuring share ownership between companies, transferring shares and assets to individuals according to the purposes of Ms. Truong My Lan and her accomplices.
The Vietnamese government learnt of her shocking levels of fraudulence in early 2023, when President Nguyen Xuan Phuc and two deputy prime ministers were forced to step down, for 'violations and wrongdoings' related to pandemic-era corruption scandals.
Truong My Lan and her accomplices were Caught and charged with illegally controlling the Saigon Joint Stock Commercial Bank between 2012 and 2022 to syphon off billions of pounds worth of funds through thousands of ghost companies and by paying bribes to government officials.
She was accused of using that power to appoint her own people as manager and ordering them to approve loans – which reportedly made up 93% of the bank’s total lending – to the network of shell companies she controlled.
Truong My Lan and her co-conspirators were accused of allowing 2,500 loans resulting in losses of $27 billion to the bank.
According to prosecutors, over a three-year spell beginning in February 2019 She ordered her driver to withdraw over $4 billion in cash from the bank to be stored in her basement.
She was also accused of bribery, committed to ensure her loans weren’t scrutinised. The court sentenced her to death saying that her actions 'not only violate the property management rights of individuals but also pushed SCB into a state of special control, eroding people's trust in the leadership of the Communist party and State.
Truong my lan case is one of the biggest bank fraud in the world, watch the to see how she commited one of the largest bank fraud.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
26
views
Investors Who Went Bankrupt In The Stupidest Ways
Bernie Madoff who holds the infamous title of the leader of the largest Ponzi scheme in US history. His investors' losses accumulated to about $65 billion and went undetected for decades.
FULL VIDEO OF How Bernie Madoff Pulled $65 Billion Stock Market Scheme and Never got Caught = https://youtu.be/HpMH6thMJ94
Sam Bankman-Fried had made his fortune through FTX exchange and Alameda Research trading firm and established himself as Crypto King. FTX crashed in November 2022 due to a liquidity crunch. PLAYLIST OF SAM BANKMAN FRIED CRIME = https://www.youtube.com/playlist?list=PLjYxwm-4svNpHGX41xwYPKEX2KqRoYVYq
Patricia Kluge invested a great deal of her high-profile divorce-settlement money into her own vineyard. However, when the housing market crashed, she lost it all — and even had to sell her jewellery and pieces of art at auction.
The leader of the second-biggest investor-fraud case in US history, Allen Stanford is notorious for his shady business dealings and for conning more than 18,000 customers out of their money.
Sean Quinn was once the richest man in Ireland before he lost it all. Because of bad investments in an Irish bank, Quinn was forced to hand over most of his $2.8 billion fortune. In November 2011, Quinn claimed his assets to be less than £50,000 when he filed for bankruptcy.
Ex-President Donald Trump is no stranger to bankruptcy. Though Trump himself has never declared bankruptcy, the businessman turned politician has declared bankruptcy on quite a few of his numerous companies.
The Icelandic tycoon Björgólfur Gudmundsson made his fortune in the brewing industry. He also served as owner of the UK football team West Ham.
However, in 2009, the man who was once the second-richest man in Iceland filed for bankruptcy.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
14
views
We need to talk About How Brexit is AFFECTING Business Investments & Economy
Most Britons believe that the exit from the European Union was a failure. Around 60% believe the decision was "a mistake"; just 10% think Brexit is going well "for now," and just 30% expect it to be positive "in the long term.
Taken together, the evidence points to a significant long-run output cost of Brexit. The reduction in trade was in line with expectations and the underperformance in investment was “more pronounced” than anticipated. However, it said the shifts in immigration patterns posed the most important cyclical repercussions for the U.K. economy — and inflation in particular. The post-Brexit change in immigration flows has reduced the elasticity of labour supply in the U.K., contributing to the post-pandemic surge in inflation and pointing to more cyclical labour market and inflation pressures going forward
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
14
views
How This Bedroom Trader Caused a Flash crash and wiped out $1 trillion From US Markets
This is the story of Navinder Singh Sarao, the ‘Hound of Hounslow,’ a trader trading futures from his parents’ suburban London home,, shook up the investment world when his computer program set off the “Flash Crash,” causing the stock market to temporarily lose a trillion dollars in a matter of minutes before recovering
Nav’s approach to trading was unconventional. He applied his gaming strategy of observing patterns and developing counter-strategies to the financial markets. He was a keen gamer, ranking in the top 700 of 3 million players globally at the soccer computer game FIFA, which required focus and hand-eye coordination. This method allowed him to identify opportunities that others missed and to execute trades with precision. His strategy was not just about making money; it was about understanding and exploiting the intricacies of the market, effectively becoming a “glitch in the matrix.” His strategy took on the smartest algorithmic high-frequency traders and beat them! He flipped it around. Knowing how the algorithms were set up, he knew which indicators would lead to big market movements. Nav hired someone to build bespoke software to allow him to essentially “fake” the market causing movements in stocks that he could then profit off. This is known as ‘spoofing’, and is clear market manipulation.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
8
views
What School Failed to Teach You About Money: Escaping the Rat Race
School failed to teach you about the importance of financial planning. Does it really matter if you earn six figures and there is still nothing to show for it by the end of the month. Let me ask, What is Money? Money is commonly defined as a medium of exchange. An instrument that facilitates sale, trade or purchase of goods and services between parties. What school failed to teach you about money is that it doesn’t tell you much about what money actually represents. I think a better way of looking at money is the expression of value. Creating Value is solving problems for people. A device that solves a lot of problems is said to have much value. The person who invented that device is the person who has created something valuable and he gets huge rewards for that. I’m sure you’ve heard money is the root of all evil. We look at someone who seems to have a large amount of money as being lucky, evil, as someone who took advantage of someone to make the money, as someone who cheated someone to gain. We never ask what value was created in order to make such an amount of money, what problem has he solved to make such money
The rat race is an endless self defeating or pointless pursuit. Sometimes, the rat race is conflicted with working a 9-5 job. It’s a comparison often used by certain individuals to make you buy some programs and books for them. Meanwhile, there are some people who love their 9-5 jobs. Being in a rat race is not by having a 9-5 job. A real rat race is one that is living on a financial edge, being one paycheck away from broke constantly. The moment money enters your life, it disappears and the more responsibility you have, the more dangerous this relationship becomes is what is referred to as being in a rat race. The loss of a job, unexpected health accident or any other unexpected circumstances can throw your entire financial position into a big mess
The reality is that most schools do not teach us how to escape the rat race, or the endless pursuit of financial security. This can lead to individuals finding themselves in debt, living paycheck to paycheck, and struggling to build wealth. Americans currently have the highest credit card debt in history, highlighting the fact that we are not learning how to manage money effectively. Debt is an invisible burden that is carried by the country’s most vulnerable. This issue is not unique to the US or the UK; it is a global problem. We need to start examining our attitudes towards money and how it exists in our lives. What is money to you? Does it come into your life and leave just as quickly? Have you ever found yourself in a vulnerable position because of money? These are all important questions that we need to answer in order to escape the rat race. So, how can you escape the rat race?
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
54
views
Why 90% of Startups FAIL in the first 5 Years
Over 305 million startups are created every year around the globe, and the majority of them don’t last long. In fact, up to 90% of startups fail, across almost all industries, the average failure rate for year one is 10% However, in years two through five, a staggering 70% of new businesses will fail and reasons for failure include money running out, being in the wrong market, a lack of research, no Product-Market fit, bad partnerships, ineffective marketing, and not being an expert in the industry.
When we look at the failure of Theranos, this was a startup that was going to change the world back in 2014. Theranos was making a blood-testing device that could test you for any disease you can imagine, from only a small drop of blood. But there was a problem, the product really didn’t work. Sure there was a device, The Edison, but it could never do what they claimed it could do. Actually it never really worked.
So a startup is in essence, a business experiment with potential. This means that real startups are prone to failure by definition. They are testing assumptions, and it’s very likely these assumptions are wrong. The more innovative the startup, the riskier the assumptions and the more likely it is to fail. If you’re doing anything remotely innovative, you need to accept that you are likely to be wrong. The world is very complex, and most ideas and the assumptions they carry turn out to be bad. When you put this new kind of risk on top of the traditional risks of starting a business, it’s no surprise why most startups fail
Most of these startups fail at an early stage of the project and most of them have a higher risk of failure in the early stages because most of the startups are funded by the founders, their families, and friends so it becomes hard to raise enough capital to get the business up and running. Many early-stage startup projects don’t even register a legal entity – you don’t need one to test an idea. You need one once you start making money. So let’s look at the Reasons why 90% of startups fail? But before we do!
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
21
views
The Rise and Fall of 23andMe From $6 Billion Valuation to Penny Stock | Anne Wojcicki
23andMe is fighting for its survival, 23andme has since suffered a staggering 98% drop in valuation from its peak of $6 billion. The company is now plagued by privacy concerns and battles with hackers who managed to steal genetic data from its platform, and it’s Facing challenges with its business model and ongoing worries about data privacy, the company has seen its valuation dropping to nearly zero, putting it at risk of being delisted by Nasdaq. The company reduced its staff by a quarter last year through three rounds of layoffs and a subsidiary sale, and 23andME has never made a profit and is burning cash so quickly it could run out by 2025. 23andME is currently going through tough times as it struggles to survive in this challenging environment. But what happened? watch the video
21
views
What They're NOT Telling You About BlackRock And Bitcoin ETF Approval
The SEC had previously rejected several applications for a spot bitcoin ETF by Grayscale Investments, a leading digital asset manager. In August 2023, a federal appeals court ruled that the SEC was wrong to reject Grayscale's application and had not sufficiently explained its reasoning.
However, the SEC decided not to appeal the ruling. In January 2024, the regulator announced approval for Grayscale’s application, as well as other applications by major industry players such as Bitwise, BlackRock iShares, WisdomTree, ARK 21 Shares, and Invesco Galaxy, among others.
All 11 ETFs began trading on Jan. 11, 2024, including Grayscale's. SEC Chair Gary Gensler released a warning along with the approval. He said
"While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.
But why have the regulators been so reluctant to approve any spot bitcoin ETF applications? watch the video
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
19
views
How a 17 year old Teenager hacked Twitter and stole $4 Million in Bitcoin | Graham Ivan Clark
In this captivating video, we delve into the details of a high-profile Twitter hacking incident that sent shockwaves through the online world. the mastermind behind the attack, Graham Ivan Clark, a teenager who targeted several prominent Twitter accounts in July 2020.
This 17 year old boy is the mastermind behind the 2020 Twitter account hijacking. He hacked 130 high-profile Twitter accounts to do a cryptocurrency scam involving bitcoin and stole "OG" usernames to sell on the OG Users forum. When he was just 16 years old, he was involved in stealing 164 bitcoins from Gregg Bennett, an investor in Seattle. Even today, people are still questioning how someone so young could penetrate the defenses of what was supposedly one of Silicon Valley’s most sophisticated technology companies. You want to know how he managed to hack the president and the former president twitter accounts?
Clark, also known as "Kirk," orchestrated a complex scheme involving social engineering tactics and phishing attacks to gain access to Twitter's internal tools and systems. This granted him control over numerous high-profile individuals, celebrities, and companies' accounts.
During his hacking campaign, Clark and his accomplices exploited the compromised accounts to post fake cryptocurrency giveaway messages, enticing users to send Bitcoin to a specified wallet address with the promise of doubling their investment. However, it was all a scam designed to exploit the trust and popularity of the affected account holders.
The compromised accounts included those of influential personalities such as Elon Musk, Barack Obama, Joe Biden, Jeff Bezos, Kim Kardashian, Apple, Uber, and many more. The scam tweets garnered significant attention, resulting in unsuspecting users falling victim to the scam and the hackers amassing a substantial amount of Bitcoin.
This eye-opening video serves as a reminder of the potential financial and reputational damage that can arise from high-profile hacking campaigns. It sheds light on the consequences young hackers may face when engaging in cybercriminal activities. Join us as we explore this infamous hacking incident and its lasting impact on the cybersecurity landscape.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
18
views
1
comment
The Australian and Canadian Housing Crisis Explained
Australians and Canadians faced a housing crisis due to inflated prices caused by stimulus and cheap debt, leading to desperate property investors and renters, prompting the countries to open their doors to massive immigration. In this video we explain in full details
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
14
views
How Ruja Ignatova the CryptoQueen Scammed and Vanished with +$4 Billion of Investors | OneCoin
In the world of crypto, few schemes have captivated the world as much as the OneCoin Ponzi Scheme. Founded by the mysterious Ruja Ignatova, OneCoin was dubbed the bitcoin killer and promised investors that it was going to revolutionize the way they see money. This fraudulent cryptocurrency venture promised unimaginable riches to its investors. However, beneath the glitzy facade lay a web of deceit, manipulation, and empty promises. In this video, we delve into the rise and fall of the OneCoin Ponzi Scheme, examining the key players, tactics used, and the profound impact it had on the world of cryptocurrency. But most importantly, where is Dr. Ruja? Is she still alive or dead?
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
7
views
Why Bitcoin will FAIL and Fiat Cryptocurrency Will SUCCEED
One thing that we can be sure of is that nothing is too big to fail and there are many reasons that suggest that this financial experiment will not replace national currencies. Bitcoin’s early attraction was the democratization of currency, since a central bank doesn’t control the blockchain, cryptocurrencies levels the economic playing field. But as the ongoing inflationary crisis proves, the influence of a central regulatory authority isn’t always a bad thing.
To fight rising prices, the Federal Reserve raised interest rates to counter the dollar’s declining purchasing power. As borrowing became more expensive, the Fed’s actions choked off the flow of money into the economy and the inflation rate is now cooling. Bitcoin has no such central authority that can offer a similar remedy. Cryptocurrencies that worth $68000 in November 2021 are worth about $24000 now. When a “currency” loses nearly two-thirds of its value in less than a year, reasonable economists would consider it a crisis.
With no central authority to address that crisis, Bitcoin owners can only wait and hope for the best.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
11
views
The Truth Behind The COLLAPSE Of Short Term Rentals AIRBNB | Airbnburst
Although AirBNB is reporting another successful year, it’s revenue for the twelve months ending 30 September 2023 was $9.601 Billion, a 19.57% increase year-over-year, but a growing number of AirBNB hosts are seeing fewer and fewer bookings. Some wonder if participating in the famous property rental program is worth investing time and money, and the viral tweet of Nick Gerli showing airBNB revenues being down nearly 50% in major cities, is making rental hosts and side hustlers fear the future of the short term rentals.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
14
views
What MOVES the Stock Market? The answer might SURPRISE you
There are two factors that Moves the stock market in short term and long term, this two factors can cause consolidations, stock market bubbles and stock market crash, Before we continue please know that this factors has nothing to do with Trend lines, trading indicators and economy
Is the Stock Market and the economy correlated? We can say No and Yes, The Stock Market does not react towards the economy is doing, but it reacts to what Investors are doing, and investors reacts towards the economy is doing and this can only affect the stock market in a short term. It sounds a little bit complicated but let’s try to Iron it for you
Lets take a look at the typical example that happened during Corona virus crash when the economy started to shrink. In March 2020, the market was a bit shaken for a month but then something strange happened, even as 100 of thousands of lifes where lost, millions of people were laid off and thousands of business went bankrupt, There was protest against police violence across the nation in the wake of George Floyd murder and the out going president refuse to accept the outcome of the 2020 election, supposedly the market's nightmare scenario for weeks the stock market crashed after the jobs report from april 2021 revealed a much shakier labor recovery might be on the horizon major indexes hit new highs
Why did the market crash for only a few weeks and recover even when the economy was still weak from all those factors happened during the coronavirus? All this happened because when the economy became weak investors began to sell their shares
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
21
views
How WeWork Failed? From $47 Billion Startup to Bankrupt Penny Stock
What was once the U.S.’ most valuable start-up just declared bankruptcy. Not too long ago, WeWork was like a shooting star in the business world, trying to change how offices work. The person leading it, Adam Neumann, wanted to create a new way of working together with shared spaces and a sense of community. WeWork quickly became really famous and got a lot of money from investors, making it worth a lot. But just as fast as it became popular, WeWork faced big problems. Bad decisions, money troubles, and too much pride in the company caused its downfall. Now, WeWork is dealing with too many offices available, not enough people wanting them, tough competition, and economic ups and downs. But How did the once-famous company from Silicon Valley end up losing more than 99% of its value?
15
views
How a Hacker stole $3 Billion worth of Bitcoin but made one Stupid Mistake | Jimmy Zhong
A Hacker who was involved in the early development of bitcoin, stumbled upon a software bug while withdrawing money from his account on Silk Road. Silk Road was an online “darknet” black market. In operation from approximately 2011 until 2013, Silk Road was used by numerous drug dealers and other unlawful vendors to distribute massive quantities of illegal drugs and other illicit goods and services to many buyers and to launder all funds passing through it, Jimmy used the Silk Road website to buy cocaine.
On one September day, Jimmy decides to either buy heroin for a successful weekend or quit this thankless task and finally withdraw all the money from the market, but after double-clicking the withdraw button from his Silk Road account, Jimmy suddenly discovers that the system has allowed him to withdraw double the amount of cryptocurrency. An amount that, by definition, was not in his wallet. After the first fraudulent withdrawal, Jimmy created new accounts and with a few hours of work he stole 50,000 bitcoins worth around $600,000
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
22
views
What happened at FTX Trial? Caroline Ellison and Gary Wang Throwing Sam Bankman Fried Under the Bus
The FTX trial began on October 4 with federal prosecutors opening the criminal trial of Sam Bankman-Freed with a simple message: He deliberately “lied to the world,” leading to one of the biggest financial frauds of a generation. Bankman-Freed’s lawyer advanced a far different narrative. the lawyer said he was simply a well-intentioned entrepreneur who acted “in good faith” to make his firm successful, with no intention to defraud anyone
Sam has been charged with orchestrating a conspiracy to use $10 billion that FTX’s customers had entrusted to him for all manner of personal projects, including venture capital investments, political donations, and luxury real estate purchases.
Sam Bankman-Freed, has called himself “one of the most hated people in the world,” and he has pleaded not guilty to seven counts of fraud and money laundering. Three of his top executives have pleaded guilty to fraud and agreed to cooperate against him, including his on-and-off girlfriend, Caroline Ellison. If Sam gets convicted, he could face 110 years in prison.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
27
views
The SECRET MAN Who Cleans Billion-Dollar Bankruptcies (From Enron to FTX Collapse) John J Ray III
John Ray's career in corporate bankruptcy began at Fruit of the Loom, a well-known clothing manufacturer. John was appointed as the company's general counsel in 1998. A year later, however, the company declared bankruptcy. As the officially appointed Chief Administrative Officer, John Ray's journey began.
To manage the company’s excess debt, he halted payments to vendors, took legal action against the company’s former CEO, and managed the sale of assets to Warren Buffet’s investment firm Berkshire Hathaway Corp. in 2002. He seemed to have enjoyed the role Because After successfully leading the insolvency proceedings for Fruit of the Loom, John Ray started his firm, Avidity Partners LLC, specializing in large corporate bankruptcies. Other than the Enron case that he is well-known for, he has led the proceedings for multiple corporations, most notably Nortel, a Canadian tech firm, Overseas Shipholding, and Residential Capital.
With a legal career and having been practicing law for over three decades, his reputation as a restructuring expert for high-profile bankruptcy cases earned him the title of ‘the turnaround titan. He handled the liquidation of Enron's operations and successfully put billions of dollars back into the hands of investors, and a few years later, in 2003, he was called back to fight a civil lawsuit against Deutsche Bank, Citigroup, and other banks accused of manipulating Enron's finances. This action resulted in another billions of dollars being distributed to creditors
Ray's appointment as the new CEO of FTX gives creditors hope that they will recover at least some of the money they lost as a result of the fraudulent activities that led to FTX's collapse. He is arguably one of the best people for the job, given his track record of managing large corporate bankruptcies. FTX is in a "relaunch" phase as of late June 2023, with Ray eager to lead a more equitable FTX 2.0.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
45
views
1
comment
FTX Trial: LEAKED AUDIO of FTX Meeting That will Land Sam Bankman-Fried in Jail
FTX all hands meeting where Caroline Ellison Reveling to Former Alameda Employees all the crimes they committed and how the funds of FTX where stolen and misused
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
5
views
The Secret Man Who Bankrupts Billionaires | Hindenburg Research
The impact of Hindenburg Research's exposés extends far beyond the companies they target. Their work has led to increased scrutiny of the entire financial industry, shining a light on the need for greater transparency and accountability. As a result, investors are becoming more vigilant, and companies are forced to clean up their act to avoid falling under Hindenburg's piercing gaze.
Not everyone is a fan of Hindenburg Research, and their methods have faced their fair share of criticism. Some argue that their short-selling activities are motivated purely by profit, while others accuse them of being reckless and overly aggressive in their pursuit of corporate malfeasance
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
28
views
How Involved Were Sam Bankman Fried's Parents in FTX Collapse
A new lawsuit filed against SBF's parents demands an explanation for more than $26 million in cash and luxurious properties that they "fraudulently transferred and misappropriated," as well as the fact that they both acted as middlemen between SBF and the investors, employees, and politicians. Even their employer at Stanford University, received over $5.5 million in gifts from the FTX Foundation and FTX-related companies channeled mainly by Bankman and Fried.
The lawsuit claims that Mr. Bankman helped arrange hundreds of millions of dollars in loans to top employees and was listed on an internal document as a member of the firm’s management team. In messages stated in the lawsuit, Mr. Bankman complained that he was receiving a salary of only $200,000 a year, as opposed to the $1 million he thought he would get
The lawsuit claimed that even though Ms. Fried never worked for FTX, she was actively involved in her son's career. She encouraged him and other executives to make "straw donations" that covered up the fact that the funds came from FTX, as claimed in the complaint, in order to "avoid federal campaign finance disclosure rules."
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
2
views
How Blackrock, Vanguard and State Street Control the world USING your Money? The Big Three
There has hardly been a more important recent development than the rise of the ‘Big Three’ asset managers—Vanguard, State Street Global Advisors, and BlackRock. These asset managers now represent some of the largest owners of US public companies
The Big Three combined constitute the largest owner in 438 of the 500 most important American corporations, or roughly in 88 percent of all member firms. These 438 co-owned corporations account for about 82 percent of S&P 500 market capitalization.
there are different views regarding the motivations and opportunities for active shareholder power. Some believe that because passive investors cannot "exit," they have little shareholder power, but others argue that this gives them more motivation to actively influence corporations. The Big Three do utilize centralized corporate governance practices and coordinated voting strategies. Nevertheless, they typically support management, with the exception of director re-elections. But again, They may exercise "hidden power" in two ways: first, through private interactions with invested company management; and second, because company executives may be prone to internalizing the Big Three's goals
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
8
views
EVERGRANDE: Is China Housing Bubble That lasted for YEARS about to burst
Evergrande announced in March that it was restructuring its $31.7 billion in offshore bonds, collateral, and repurchase obligations.
For months Evergrande has been working on an offshore debt restructuring agreement and it unveiled a proposal earlier this year. It offered creditors a choice to swap their debt into new notes issued by the company and equities in two subsidiaries, Evergrande Property Services Group and Evergrande New Energy Vehicle Group
Evergrande Group, has filed for bankruptcy protection in a US court. The company sought protection under chapter 15 of the US bankruptcy code, which protects its US assets while it attempts a restructuring deal. The code also provides mechanisms for dealing with insolvency cases involving more than one country
Fears of a worsening Chinese real estate crisis have increased as a result of Evergrande's bankruptcy protection. With over $300 billion in liabilities, the Evergrade Group is the world's most indebted property developer,
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
14
views
What to know BEFORE Investing in Stocks
All investments involve some degree of risk. If you intend to purchase securities - such as stocks, bonds, or mutual funds - it's important that you understand before you invest that you could lose some or all of your money. Unlike deposits at FDIC-insured banks and NCUA-insured credit unions, the money you invest in securities typically is not federally insured. You could lose your principal, which is the amount you've invested. That’s true even if you purchase your investments through a bank.
The reward for taking on risk is the potential for a greater investment return. If you have a financial goal with a long time horizon, you are likely to make more money by carefully investing in asset categories with greater risk, like stocks or bonds, rather than restricting your investments to assets with less risk, like cash equivalents. On the other hand, investing solely in cash investments may be appropriate for short-term financial goals. The principal concern for individuals investing in cash equivalents is inflation risk, which is the risk that inflation will outpace and erode returns over time.
As a critical part of your planning process, you should determine your own risk tolerance. How much you can be prepared to lose should a prospective investment decline in value, and how much ongoing price volatility in your investments you can accept without inducing
It is essential to understand your goals and objectives prior to investing. Knowing your objectives will help you choose an investment to help you achieve them, whether they are to finance retirement, buy a home, or start a new business. It is crucial to comprehend the investment you are prospecting for as well as the fundamentals of investing, including risks, fees, and costs.
Choosing the best assets or investing strategy can be difficult for new investors, and there is as much variety in the advice available as there are products available. Despite the numerous tips, developing your knowledge and having a firm grasp of investing and your goals are essential for making decisions that are likely to produce positive outcomes.
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
3
views
How did Jim Simons Beat the Market? The Greatest Trader on Wall Street
How Jim Simons figured out the market and became the most successful money manager in the modern era. Using his mathematical background and large sets of data
Computer algorithms help Medallion fund make innumerable split-second trades in the equities and futures markets. On the other hand, Renaissance holds stocks for several weeks or months to beat the S&P 500 with less volatility
Renaissance analyzes the past because it believes investors will behave according to their past preferences. Traders are people who create patterns based on their emotions and opinions. Price patterns can repeat, so investors must learn to trade on these patterns and get an edge.
Jim Simons’s trading strategy adopts the scientific method to counter biases—cognitive and emotional. They propose hypotheses, then test and use them or review them to achieve their pre-determined output.
Renaissance has demonstrated that traders can decipher many latent forces impacting the security price movement with adequate data, computational power, and modeling
Jim Simons' trading strategy, employed through his hedge fund Renaissance Technologies, is based on a quantitative and systematic approach to trading financial markets. This strategy is often referred to as a "quantitative" or "algorithmic" trading strategy. Here's a simplified explanation of how it worked In this video
DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.
14
views