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FTX sues former Hillary Clinton aide over $700 million in 'misappropriated funds'
[NYPOST] FTX is seeking to claw back some $700 million from a former aide to Crooked Hillary Clinton
...former first lady, former secretary of state, former presidential candidate, Conqueror of Benghazi, Heroine of Tuzla, formerly described by her supporters as the smartest woman in the world, usually described by the rest of us as The Thing That Wouldn't Go Away. Politix is not one of her talents, but it's something she keeps trying to do...
-turned Hollywood super agent who was allegedly showered with cash by disgraced fallen crypto mogul Sam Bankman-Fried.

The bankrupt cryptocurrency exchange took legal action on Thursday against Michael Kives, who was an assistant to then-Sen. Hillary Clinton (D-N.Y.), and his company, K5 Global, and firm co-founder Bryan Baum.

According to court papers filed in bankruptcy court in Delaware, Bankman-Fried authorized the transfer of $700 million to K5 entities in 2022, and he leaned on K5’s celebrity and business connections in his effort to obtain rescue financing in the days before FTX went bankrupt in November 2022.

As The Post reported in December, Kives — whose celebrity connections include Warren Buffett, Arnold Schwarzenegger, Katy Perry, and Kendall Jenner — stood to lose hundreds of millions of dollars as a result of K5 Global’s business relationship with FTX’s now-defunct investment arm, Alameda Research.

Bankman-Fried, who has been indicted on fraud and money laundering charges by the feds, described Kives as "probably, the most connected person I’ve ever met," and "a one-stop shop" for political relationships and celebrity partnerships, according to the complaint.


Posted by: Fred 2023-06-24
http://www.rantburg.com/poparticle.php?ID=670593