Nestle is an evil company, it has caused deaths of thousands of babies and continues to add to that body count shamelessly. Countries should unite in fighting this evil and prosecute it’s executives with death penalty. Hopefully indian government bans this company
Will you be able to elaborate on this? How would a service check if you arrive at the gym, and even if it does how will that motivate you to go to the gym.
For some reason lots of popular Indian products which india has the potential to supply are banned in USA for one reason or the other. For example, mustard oil and ghee in culinary usage.
You can buy mustard oil but without the same erucic acid content. Also ghee is definitely available at the Indian shops I've been to? Not sure where you're getting your info from
> The ruination began not long after I left Benares. Criminal gangs specializing in kidnapping and extortion had already filled the vacuum created by failed industrialization in the region. In the 1990s, mafia dons from nearby districts began to shape local politics and to build shopping malls of glass and steel near the river.
Yet BJP/modi is bad. The author very well knows how fast organized crime in the country and at the state level has continued to declined since the rise of bjp in the center and the state.
Richmond, CA police department. Alameda Research HQ is at 5327 Jacuzzi St Ste 1c, Richmond, CA 94804. Since they were apparently the recipient of the money, and he's apparently the principal beneficiary of all this, that's where to start. Mr. Bankman-Fried may not physically be there, but they have jurisdiction.
Once there's an arrest warrant, getting away becomes much more difficult.
You're conflating FTX.us (which is regulated) and operates in the USA, and FTX global (where all this chicanery happened) and is located in the Bahamas.
With that said, the SEC is already also investigating any potential links between the two entities. I don't think they'd be stupid enough to cross those wires, but you never know.
No, see Molly White's blog and the WSJ parent article. What seems to have happened is that 1) FTX.intl loaned money to Alameda Research in the US in exchange for some token, 2) Alameda Research, which is a crypto trading firm, speculated with that money and lost, 3) the collateral from Alameda to FTX turned out to have little value, and so 4) FTX.intl goes down. Bear in mind that Mr. Bankman-Fried heads all three organizations.
Whether FTX.us is also involved is not yet clear. But it will be. The SEC and CFTC are descending, with hard questions.
Molly White: "This suggests to me that a) they are in a really bad spot, and b) they want as few people sniffing around in their books as possible." Right. That was probably the real goal of a merger with Binance. In bankruptcy, all the dirty laundry comes out. Being acquired by Binance offered hope of keeping any criminal activity hidden. That hope is now gone.
I fully understand the purported chain of events. But, again: the US does not have jurisdiction over FTX. So why would he "get arrested" in California for embezzlement? He didn't break any US laws. The FTX/Alameda deal was likely done via SAFT[1], which is both legal and popular.
The US has jurisdiction over Mr. Bankman-Fried, who is an American citizen born in California. The US has jurisdiction over Alameda Research, which is a US company operating in California and appears to have been the beneficiary of the scam. That's plenty of jurisdiction.
Thanks - this is the most succinct summary of the financial nexus leading to FTX's spiral into insolvency that I've seen, and squares with my own understanding. What we don't know is how the chain of cause and effect played out over a timeline. How did Alameda lose $10bn? How long has FTX been insolvent?
Surely they have been staring down the end of a barrel for a good while?
The entire point of FTX is that Americans were barred from using it. Now Americans certainly ignored that rule by using vpn’s, but I’m not sure that gives the sec jurisdiction. The Americans using the exchange were explicitly breaking the TOS
The SEC is unusually strong (which might surprise you), and because the American market is so wealthy and the rules are relatively clear, the SEC has a huge influence over investment structure.
The same law that gives any officer in charge of a police station the authority to demand any data deemed desirable for the purposes of any investigation, inquiry, trial or other proceeding?
Are you serious? I wish there were an an emoji for a hollow, scornful laugh.
India is not an autocratic country only as long as the autocrats at any level don't deem you a threat. Otherwise you are screwed. When the law makers and law enforcers form a tight bond, what is the meaning of "protected" and "rule of law"?
Try getting the law involved when you don't want to pay a bribe.
