Armstrong Economics Blog/Rule of Law Re-Posted Jan 19, 2023 by Martin Armstrong
We always hear that some high-profile case is always a giant Ponzi Scheme. As soon as you hear that, you know the charges are FAKE NEWS! Why, because the actual legal definition of a Ponzi Scheme means that there was “no legitimate business” and the entire thing was a fraud. By calling it a Ponzi scheme, they do NOT have to prove each and every fraud. They then try to claim that everything was a fraud because they cannot prove individual transactions and that immediately cuts off any other investigation. That is why they are calling FTX a Ponzi Scheme to prevent any investigation that would uncover money laundering. The court-appointed lawyers are a JOKE. They will never defend you. They put on a show and that is it. In my case, they had to drop that because I knew the law. Every theory they would use, I attacked. They just get to constantly change the theory and the press never pays attention.
In the end, they wrote the script and simply reduced it all to I failed to tell my clients that the bank stole the money for its own benefit. Hence, they had to even drop any restitution for I would get to haul in every bankers and expose what really went on. So that was it. A dog and pony show.