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Hello this is Matt on the moon Lambo Channel I've got three stories to share With you in this latest Moon Lambo Hot Jam and uh you know what in some ways It's the end of a completely garbage era Because the SEC I'll tell you this the SEC in many ways has lost its power and Momentum uh regarding its efforts to Destroy the entire cryptocurrency asset Class which is always a a Fool's errand Like you you were never going to Actually pull that off but still they Had the aity required to actually try to Do such a thing but uh you know the um In terms of the the political tid here Everything's waning you know the Political support that the SEC has had It's gone you've got people uh Representatives of both sides of the Political aisle pushing back against the SEC and yes there are always some that Will be in support like Elizabeth Warren For example but more and more you're Seeing to push back against it the Writing is on the wall and nobody Actually wants to be on the losing team When everything is all said and done and And so that in conjunction with Devastating defeats in the courtroom U It's it's just it's resulted in the very Different landscape today than it was Even just a year ago and there's Actually an instance I'm going to share With you that shows that the SEC has
Broken the law yet again I'm going to Share with you perspective from Attorney John Deon on that I'm going to give you A quick update on the uh SBF lawsuit Which is winding down and then is also This headline from coin telegraph I'll Share at the end of the video you guys Remember safe Moon which was not safe it Was an actual scan that was a rug pole Well here's the headline safe Moon Executive team charged with multiple Fraud counts arrests made but before Going further I do want to be clear I do Not have a financial background of any Kind I am not offering Financial advice And you definitely should not buy or Sell anything because of anything I say Or right I'm just an Enthusiast who Enjoys making YouTube videos about Crypto related topics but just as a hob And just for fun now before get into any Of that I just want to give a quick Shout out to attorney John Deon I'm sure By now pretty much all of you are aware That John Deon recently uh released his His book food stamp Warrior which is a Memoir and it was released under brass Knuckle books which is a publisher which He actually co-founded and the News Broke just the other day that the Audible version of the uh of the book is Actually available so if you're one of Those people that doesn't like to read You have no excuse you should definitely
Pick this thing up you'll have the man Reading it to you himself so you could Listen while you're driving or walking Your dog or whatever and so here is the Announcement from brass knuckle books Beyond excited to announce that John Deon's food stamp Warrior audio book is Live worldwide read by the man himself And filled with bonus chapters including The much anticipated debut rap single Now um I have the hard cover copy not Not the the audible one although I Should probably think about getting that Because I am too curious I have to hear The debut rap single from Attorney John Deon which is a real thing it's a um a Rap from John Deon from I think he said 35 years ago and he said that you have To judge it for the time in which it was Created and fair enough that's true of All music though uh but I I I am Incredibly curious and so you actually Get that included if you get this Version of the book and I thought this Is super cool too here's a picture of John Deon so if you can look at your uh At whatever device you're watching this On give it a gander here this is so cool This is um Attorney John Deon and he's In New York's Times Square and there's a Big old advertisement for his book Directly behind him isn't that the Coolest damn thing and so look attorney Deon did not ask me uh to to push his
Book on my channel but I I'll tell you What uh I can't think of a single person In the xrp community that deserves our Support more than attorney John Deon so if you haven't gotten the book Yet do yourself a favor I mean it's it Is one of those books where you're going To have a hard time setting it down it's And it is truly raw in certain parts Like a lot of it but you're you're it'll It'll definitely keep you engaged and You'll find it Fascinating um so pick up that and again If you if you're too lazy to read just Have them read it to you it's like a fun Little bedtime story you can do it all Right now into this from the US GAO Which is the uh US government Accountability office um they posted the Following yesterday Securities and Exchange Commission applicability of the Congressional review act to staff Accounting bulletin number 121 well that Sounds innocuous what might that mean Well take a look at this breakdown from Attorney Jake shirinsky who uh who works As the chief policy officer at Blockchain Association uh he broke down what this Is and it's literally literally that the SEC breaking the law check this out this Is huge the GAO reviewed Sab 121 and Illogical anti- crypto accounting Bulletin issued by the SEC last March
And found that it's a rule quote unquote Under the CRA and APA the SEC didn't Comply with either this is a clear Statement from a federal agency that the SEC broke the law Sab 121 basically required crypto Custodians to double count digital asset Liabilities on their balance sheets it Has done extraordinary damage to the Crypto industry and cost Untold millions In legal and Consulting fees over the Last 18 months it was illegal from the Start the SEC should immediately Withdraw sab11 if it does not the gao's Analysis makes a slam dunk out of a Lawsuit against the SEC alleging a Violation of the apa's notice and Comment requirement a blockchain Association will be watching closely to See what the SEC decides to do next and Don't you just feel so sorry for the SEC They're just not getting away with Anything in the courts I mean all They're trying to do is break the law And get away with it all this poor Little ass hats at the SEC but look this Was the the inevitable outcome I know These people have egos you know the the Side of the Universe I understand that So they couldn't see what we could see Which is that they're on the wrong side Of the law and the courts won't just let Them get away with whatever the hell They want and that is what we've seen
This is not a good year for the SEC from A legal Perspective here's what Attorney John Deon had to say about This and he quoted the best part frankly Which is and this is from Jake shiriny This is a clear statement from a federal Agency that the SEC broke the law Absolutely and then attorney says ever Since the Ripple lawsuit the SEC has Consistently not followed the law a Federal judge literally stated that the Sec's enforcement lawyers and the Leadership they report to are not only Hypocrites but they also lack a faithful Allegiance to the law which if you're in The xrp community you're aware of that Quote by now right that's that's the Best quote from the entire Ripple Lawsuit and then Deon says it was an Incredible statement for a federal judge To make I was shocked at the little Attention mainstream media paid to such A shocking statement here's what I can Say with great conviction today the SEC Does more to hurt investors than it does To protect investors it has become both An inept and corrupt organization full Stop and here's the SBF SBF update There's headline from coin Telegraph That's fraud prosecutors say in closing Arguments at Sam bankman freed Trial Sam bankman Freed's trial has Entered the final stages with the
Prosecution delivering its closing Arguments in the case on November 1st Closing arguments are the last Opportunity for lawyers to convince the Jury and judge that they should win the Case prosecutors had previously Estimated that their closing arguments Would take up to 4 Hours right afterward bankman Freed's Defense will also present its closing Arguments that's fraud it's stealing Plain and simple before FTX there was Alam assistant United States Attorney Nicholas Roose reportedly told jurors Presenting one of the many charts the Government used as evidence the former CEO of FTX is facing seven counts of Fraud in conspiracy to commit fraud Bankman freed could serve up to and this Is glorious let's hope that this happens Bankman freed could serve up to 115 Years in prison if convicted A jury of 12 will decide his fate in the Coming days now folks I don't know what The sentence is going to look like I Don't pretend to know but I just I it's It's hard to imagine a jury not easily Convicting scam bankman fraud for what He's done here it should be super easy Even before the trial there was such Abundant evidence I just it would it Would even back then have been hard to Conceive it now we've seen more come out During the trial publicly
I mean this this guy he doesn't deserve To be free ever again as far as I'm Concerned we'll now we'll see what Happens we'll see what the jury decides We'll see what uh you know once he's Found guilty which is what I believe Will happen we'll we'll see you know in Terms of sentencing what occurs here but I'm very optimistic that Justice shall Be done you I mean you would think at a Minimum it would be decades right I mean He destroyed people's lives you know he Did this to himself he made these Conscious decisions this guy's a Narcissist a sociopath yes he deserves To be locked up Forever pece continues as part of the Prosecution's case against bankman freed Nearly 20 Witnesses testified that he Deceived Investors customers and partners of FTX While co-mingling funds with alamer Research and here's a quote the Defendant set up two separate ways if You believe even one of the three Cooperators the defendant is guilty an Unlimited line of credit just means Unlimited money from FTX Ellison told you he directed us Gary Wang said the same end quote the defense On the other hand tried to paint tried To present bankman freed as an Entrepreneur who just made terrible Mistakes in good faith denying
Accusations he directed his inner circle To make political contributions and Venture Investments and purchase luxury real Estate with customer funds and folks Obviously this strange crul I mean oops I just spent a a little few extra Billions I didn't know I thought it was My profits are you kidding me there's no Way that he thought this it is not Possible that this man thought this Thing bankman Freed's defense faces a Tough challenge in persuading jurors That he is innocent of the charges as The government presented extensive Evidence including testimony from Officials and law enforcement agents Involved in the case Roose continued Quote the defendant marketed the Liquidation engine saying FTX was safe He told Congress collateral must be Placed on the platform itself not just Pledged but the secret rules allowed Alam to borrow billions without any risk Of being liquidated end quote bankman Freed's trial started on October 3rd in The southern district court of Manhattan And has been ongoing since you can Follow coin telegraph's coverage of the Trial then they provide a link here's What Attorney John Deon had to say about This he shared a post from an account on Social media platform X and they were Highlighting that uh Sam bankman scam
Bankman Fraud's defense team uh just They're putting forward what he they Said was an abysal U argument stating That uh SPF was actually being bullied By the prosecution making fun of his Hair and the way he dresses his Appearance so on and so forth that's the Claim that they were Making well here's what attorney Deon Had to say about that we all saw the it Grew so fast and all got away from me And I didn't intend to defraud people Defense But this type of argument is a huge Mistake and the consequences will show Up when the judge hands down a sentence To paint Sam a victim is a stupid rookie Mistake and I'm shocked Sam's lawyer Would make it it sounds like Sam wrote The closing and instructed his lawyer to Argue it it does kind of sound like that Doesn't maybe it's like the lawyers like Well this guy's getting paid a little Bit from SPF and uh there's not a chance In hell we're going to win so just Whatever whatever goes It's let's do a Thing and then it's over and that's it They literally don't care this does seem Like the worst freaking possible Argument who is going to fall for this Now on the flip side since uh he's Allegedly innocent right isn't that what He says he says he's Innocent I just off the top of my head
I'm not sure what I possibly could argue Because they are acknowledging that he Did things he shouldn't have but they're Just saying it's an oopsa Doodles so if You're going to go with the claim no He's he's not guilty he didn't break the Law well I don't I don't know what else You so it's a it's a John deon's right This is a piss poor argument I'm just Saying I don't know what a good argument Would look like maybe there is one that I haven't conceived that's certainly Possible if you have one let me know in The comments se but I just don't know What that would look like then there was A separate post shared on X from an Account that was um you know Highlighting the closing arguments of The prosecution in the FTX trial And he said that they're just absolutely Eviscerating SPF you know talking about how he's so Smart MIT graduate meeting leaders of The world but he just somehow didn't Know that this Happened and so here's what attorney Deon said great way to close for the Government ladies and gentlemen of the Jury Sam played everyone he played Congress politicians former presidents Regulators Hall of Fame quarterbacks and Supermodels Venture capitalists and some Of the world's smartest investors and Finally he played regular people
Customers who trusted him with their Life savings he played everyone he then Took the stand because he thinks he can Play you but I think he's wrong and I'm So looking forward to proving you Proving me right don't let him play you Now that would be powerful cuz nobody Want wants to be the chump and it's true That's a fantastic argument and don't You think that is what he did in case You guys missed SPF he was on the stand Which is was a risky Move but I I I just I can only imagine The ego on the sociopath is so gigantic That just like the ass hats at the SEC But perhaps SPF is even bigger somehow He just thinks that he could trick People because I mean that's what he he Did that for years right the whole time That he was running the gigantic FTX Ponzi scheme he tricked everybody so why Couldn't he then do here he's probably Undeservedly confident that he could I Don't know how that's going to trick the Jury at knowing everything that they Know we'll see and people don't tend to Get away with things in fact this this Whole safe Moon thing you guys remember The safe Moon Cryptocurrency you know I remember 2021 getting direct messages from people Asking if I was investing in safe Moon The answer was No it's literally called if you have to
Put safe in the name of the coin I'm Thinking it's probably not safe I just I'm just that's going to be my starting Point you have to prove me you have to Convince to me that it's a it's actually Safe trust can were called like Trustworthy cryptocurrency oh okay I bet It's trustworthy that's why you put the Word trustworthy who are you tricking With this come On so this it was a rug pole and I'm Sure many of you are familiar with this This safe Moon Saga and um I've been following this for Some time hadn't really talked about it I I can't remember for sure if I talked About it ever on my channel I may have Brought it up because it was it was so All over the it was everywhere you Looked in 2021 for a time Anyway and um Coffeezilla who has 564 th000 followers On X and I think over four million Subscribers or something like that on YouTube um he's been doing a great job Covering this case four years and he he Highlighted here safe Moon creators Inditing by the FBI lfg which of course Stands for let's effing go and then he Wrote I've been screaming about this Fraud for two years now so many people Got burned on this scam so it's Vindicating to see Justice finally Coming and so here's the headline from
Coin Telegraph safe Moon executive team Charged with multiple fraud counts Arrests made so folks can you see why I Said at the outside of the video This is The end of a garbage era that's pretty Much what this is when you're talking About the SEC or SPF the SP and then the Safe Moon thing here I mean it's not the Literal end of this because they just Got arrested but the Ring's on the wall Here Right they did the Thing anyway peace reads is FSE the United States Securities and Exchange Commission announced on uh November 1st That it was charging safe Moon and three Of its Executives with fraud and Unregistered security sales in Connection with its safe Moon token the Justice department unsealed charges Against the men at the same time now Folks I will say this as far as the SEC Is concerned here if all they did was go After the actual scams like safe mooon We'd all be cheering them on but that is Not what they broadly been doing as it Pertains to the crypto asset class for Years on end Now so I don't feel like giving him that Much of an adoy here but it is what it Is anyway according to SEC allegations Safe Moon Creator Kyle NE CEO John coron and chief technical Officer Thomas Smith withdrew assets
Worth 200 million from the project and Misappropriated investor funds the Justice department is charging the men With conspiracy to commit Securities Fraud conspiracy to commit wire fraud And money laundering conspiracy now I Will say it's it's always mindblowing to Me that these people that to commit These horrendous acts of theft wrecking People's lives you can only imagine Imagine the amount of lost sleep and Stress that you're putting into these People's lives you're stealing from but It's it's always on top of that Astounding to me that these people Actually think that they can get away With it because so frequently it's like The amount of risk it's amazing me there Are people wired in such a way where They can steal this and then not as not Not not lose a wink of sleep wondering Of I wonder if I left some sort of shred Of evidence that I'm yet unaware of that Will come back to bite me on the rear Side do they really not worry about this You still two $1 million and you Actually think yeah I'm fine I'm sure It's all locked up tight and for some People the answer is yes they actually Think that these are disgusting people Obviously here I just tell I not if I Would never do anything like this Obviously but if I did I wouldn't be Able to sleep ever again you know what I
Mean i' be wondering when are they going To catch up with me find me out because There there are always ways almost Always ways any at least to find out who Did what and oh sure happened here coron And Smith have been arrested according To the justice department announcement While Nei remains at large the SEC Claimed marketing for safe Moon promised Funds would be locked in the liquidity Pool and not accessible to anyone even The defendant while in reality much of The pool was not locked that's right Folks there was a locked pool of Liquidity it was claimed that you you Can't take the money out of there that's Locked in there that's a loot don't you Know what a lock is idiot sticks except For it wasn't actually locked and there Was a back door into it absolutely and It was in the code it was ultimately Discovered so check this out us attorney Brion P said quote as alleged the Defendants deliberately misled investors And diverted millions of dollars to fuel Their greedy scheme and enrich Themselves by purchasing a custom Porsche sports car other other luxury Vehicles and real estate end quote safe Moon described as a Tik Tock meme coin Gained 55,000 % in value between March 12th and April 20th 2021 to reach a Capitalization of over 5 billion before Plummeting when vulnerabilities were
Discovered in the code of a smart Contract according to the secc cron and Smith misappropriated funds to make safe Moon purchases to prop up its price cron Is also accused of wash Trading so there you go they're going to Get theirs like why the people these People like they wreck their their own Lives why even take on the risk even if You are the type of person that doesn't Have any sort of moral issue with Treating people horrifically and Stealing from them even if you're you're One of those people why do you not have Sufficient fear about wrecking your own Life by getting caught there's so many Ways to make money in life there's so Much opportunity and this is the route You've chosen to go it's Just I know that there are people wired Like this but it's just for for me and The vast majority of humans it's just Impossible to relate with this type of Behavior so I I just it brings me great Joy to report that uh these people are Screwed they are absolutely screwed Their lives are wrecked and they should Be they absolutely should be stealing That much money they should go to jail For prison for a very long Time I'm not a financial adviser you Should not buy your sell anything Because of anything I say or right that Would be a very very very bad idea
Until next time to the Moon Lambo
