Tag: conspiracy
An Alien Conspiracy Looms in Sci-Fi Thriller Monolith
FTX co-founder Nishad Singh pleads guilty to fraud and conspiracy charges
Nishad Singh, a co-founder of collapsed cryptocurrency exchange FTX, has pleaded guilty to US federal fraud and conspiracy charges. Singh, who was FTX’s director of engineering, is the third member of Sam Bankman-Fried’s inner circle to agree to cooperate with prosecutors in the case against him. Former executives Caroline Ellison and Zixiao “Gary” Wang previously pleaded guilty to fraud charges.
Singh pleaded guilty to six criminal counts, including wire fraud and conspiracy to defraud the US by violating campaign finance laws. He agreed to forfeit the proceeds of his actions, as Reuters reports. Bankruptcy filings showed that Singh received a $543 million loan from Alameda.
Singh admitted to making illegal donations to political candidates and PACs under his name using funds from Alameda Research (FTX’s sibling hedge fund and crypto trading firm). He claimed the donations were intended to bolster the political influence of FTX and Bankman-Fried (aka SBF), according to The Wall Street Journal. Singh added that he agreed with the stances of those he donated to but didn’t pick the candidates. Per OpenSecrets, he contributed $8 million to Democratic PACs and campaigns during the 2022 election cycle.
Moreover, Singh said he found out in mid-2022 that Alameda was borrowing billions of dollars in customer funds from FTX. It emerged by September that Alameda wasn’t able to repay those funds. Singh additionally claimed that he falsified FTX’s revenues at SBF’s behest to make the company more palatable to investors.
SBF now faces 12 criminal charges after an indictment detailing four additional ones was unsealed last week. Among other things, he has been accused of stealing billions of dollars in FTX customer funds and misleading investors and lenders. Notably, in light of Singh’s plea, the charges include alleged violations of federal campaign finance laws by donating to a super PAC under the names of two executives. SBF, who was arrested and extradited from the Bahamas in December, has pleaded not guilty to the charges. His trial is set for October.
On the same day Singh made his guilty plea, the Securities and Exchange Commission and Commodity Futures Trading Commission filed civil complaints against him. The agencies said Singh is cooperating with the SEC’s ongoing investigation and that he agreed to settle with the CFTC.
This article originally appeared on Engadget at https://www.engadget.com/ftx-co-founder-nishad-singh-pleads-guilty-to-fraud-and-conspiracy-charges-192939749.html?src=rss
Conspiracy Theorists Are Coming for the 15-Minute City
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Phil Spencer debunks all conspiracy theories about keeping Call of Duty off PlayStation
Everyone is trying to poke holes in Microsoft’s commitment to keep Call of Duty on PlayStation once it takes control of Activision Blizzard, and Phil Spencer is a little tired of that.
The games boss at Microsoft has clarified, once and for all, what the company actually intends to do with Call of Duty on PlayStation, leaving no room for alternate interpretations.
Speaking on The Verge’s Decoder podcast, Spencer was directly asked about some of the ways Microsoft could decide to get out of this agreement down the line. The worry mainly stems from the way Spencer’s previous statement was worded.
What is satanic panic? Conspiracy theory explained
DEVIL worship and the suspicion of compromised morals are the themes that drive the satanic panic.
Since the 20th century, conspiracy theorists have attributed several headline-making events to devil worship.
Conspiracy theorists speculated that child abuse was a byproduct of Satanic ritual abuse[/caption]
What is satanic panic?
During the 1980s, satanic panic became a mainstream phenomenon.
The conspiracy theory’s beliefs are traced back to Canadian psychiatrist Lawrence Pazder’s 1980 book Michelle Remembers.
In Michelle Remembers, Pazder claims his wife and patient Michelle Smith was a target of satanist rituals.
Similar claims to the ones made by Pazder in his book began to rise through the later parts of the decade.
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All over the United States, people reported that they or someone they knew was a victim of physical or sexual abuse and that the abuse was a part of satanist rituals.
The allegations involved theories of occult worship and sacrifices that were supposedly organized by wealthy and elite-status figures who sexually or physically victimized people in order to obtain what they desired.
Conspiracy theorists also tied satanic panic to matters of prostitution, pornography, and human sacrifice.
Despite over 12,000 allegations reported to police officials, law enforcement couldn’t find tie any of these claims to Satanist cult activity.
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Satanic panic also went by other labels such as Satanic ritual abuse, sadistic ritual abuse, ritualistic abuse, and organized abuse.
What is devil worship?
Claims of devil worship and occultist practices are what drive the satanic panic.
Satanism is an ideology based on the religious figure of the same.
Prior to the rise of occultist accusations, the Church of Satan was founded on April 30, 1966.
During the 1980s, allegations of Satanic panic swept the US and stirred mass hysteria[/caption]
However, the Church of Satan was not blamed for the cycle of accusations made prominent by conspiracy theorists.
Is satanic panic real?
Pazder’s allegations in Michelle Remembers were centered around the psychotherapy practice of recovered-memory therapy.
Since the book’s release, medical professionals and psychiatric authorities have discredited the effectiveness of recovered-memory therapy and condemned the practice.
The primary peddler of the satanic panic phenomena in present times comes courtesy of the online far-right extremist group QAnon.
Postings from far-right collective QAnon originated on the website 4Chan in 2017.
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The focus of the cult-like group is based on false claims that a secret circle of Satanic, pedophilia-ridden, child sex traffic ring-operating cannibals are to blame for national tragedies.
Radical extremist group QAnon has put their expressions into action, with storming the capitol being an example of how far they will take their antics.