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Alexander Suker, 42, was contracted with the city and county of Los Angeles to house and feed up to 600 homeless people, but was accused of misusing tens of millions of dollars to live a luxurious life. Exclusive Fox video shows the federal agents’ early-morning bust at the LA mansion. Suker was arrested, and his $125,000 Land Rover was seized by law enforcement. The feds say Suker defrauded the city and county of LA out of $23,000,000 for not only his mansion and car, but a second home in Greece, luxury vacations, designer clothes, and private schools. Speaker 1: He was living the high life while the people suffering, homeless on the streets with no shelter, no food. They're living out in the streets. People are literally dying, and this guy is out vacationing, buying homes, buying Range Rovers, and going shopping. Speaker 0: Prosecutors say Suker was supposed to provide three nutritional meals a day to the homeless, but during one inspection, Suker only had canned beans and ramen noodles on hand. The feds say Suker lied about various aspects of abundant blessings, including fake vendors, facilities and the homeless actually getting meals. The US Attorney's Office in LA says they are actively investigating at least 12 other similar fraud cases here in California. First Assistant US Attorney Bill Asele says there's a tremendous amount of fraud in this state and that today's bust of one man who misused $23,000,000 alone may show how little oversight there is. Speaker 1: California was pushing this money out quickly. A lot of money went out the door, with frankly very little vetting, very little checks and balances, and, he's one of the individuals that got it. Speaker 0: The suspect is scheduled to make his first appearance later today. He faces up to twenty years if convicted on a federal case. The local district attorney is also planning on prosecuting. Sean.

Samuel Bankman Fried, former CEO of FTX, was arrested in the Bahamas following an 8-count indictment. The charges relate to various fraud schemes that led to the collapse of FTX. During a Twitter Spaces session, it was revealed that customer funds were being sent to Alameda Research, raising concerns of wire fraud. Despite some evasive responses, the arrest occurred shortly after the session.

The Samurai Wallet software developers, Kiano Rodriguez (37) and William Hill (67), are going to spend the next five years and the next four years in prison for writing an open-source, non-custodial Bitcoin wallet that kept users’ Bitcoin private. The speaker says this case wasn’t a fair trial and mirrors the corruption of the system, noting the court pulled out 2018 text messages from conversations with friends. In those messages, Keanu explains that mixing Bitcoin is about privacy, not crime, and is a way for people not to be tracked or to see how much Bitcoin they own, since Bitcoin is a public ledger. He jokes that it’s “money laundering for Bitcoin,” but the court only highlighted the money-laundering aspect. Six months before the charges, FinCEN (“the actual money transmission regulators”) asked them if they were breaking the law, and they said no, because Samurai Wallet does not take custody of funds. The DOJ allegedly buried that information for years, a year after they said they weren’t breaking the law, which the speaker calls a complete violation. The judge is described as not caring. The speaker says Samurai Wallet operated legally for ten years with legal advice and never took custody of anyone’s Bitcoin, so they were not a financial institution, merely a service. Last year, 50 FBI agents raided Rodriguez’s house, treated him as if he were El Chapo. The speaker cites a memo by Tom Blanch, Trump’s deputy attorney general, from April stating that software developers should not be prosecuted because they are not committing the crime—described as “ending regulation by prosecution.” The claim is that arresting coders is absurd, likening it to jailing Bill Gates for creating Microsoft or jailing the CEO of OnlyFans for its content. Additionally, the speakers allege the defendants were obligated to hand over over $6,000,000 worth of Bitcoin to the New York Justice Department and sold it within the first hour, contrary to higher-level statements about how Bitcoin should be held. They criticize the situation as a retreat from privacy and liken it to a repeated, dangerous playbook seen in other cases, such as Ross Ulbricht. There is hope, as Trump reportedly took 37 seconds to analyze the Samurai Wallet case and asked a lawyer to see if a pardon is possible. A petition to help them is mentioned, along with a donation option to their families, with a link promised below. The speaker then promotes Casa, stating they enable self-custody wallets with multisig, multiple fail-safes, inheritance planning, and hardware wallets, offering one-on-one support and a code “YOLO” with $200 off or 10% off, and promises a link below.

I'm being extradited from Spain to the US to face 109 years in prison for tax evasion, even though I'm not a US citizen during the period in question. I believe this isn't about taxes; it's about my defiance. I was the first to invest in Bitcoin and promote its use globally as an alternative to government-controlled currencies. This threatened governments, and I knew it was dangerous. I renounced my US citizenship in 2014 and became a citizen of Saint Kitts, believing this would protect me. Despite meticulously following tax laws, I was arrested shortly after publishing a book exposing the hijacking of Bitcoin. My arrest is retaliation for promoting cryptocurrency as a competitor to the US dollar and other established currencies. Effectively, they want me dead in prison. As the founder of several major cryptocurrency companies, I seeded the first generation of cryptocurrency firms, and my actions directly challenge the status quo.

Speaker 0: On behalf of every single American citizen, we're thinking exactly what Morgan Ariel is tweeting. She goes by at its morgan ariel on X, gives her girl a follow. She's off the hook. She says, what in the actual f? Is it very possible that Tyler Robinson was never on the roof the day of the Charlie Kirk assassination? At FBI director Kesh Patel, we want answers and we want them now. So remember the magic TMZ video? What do you notice about this dude spreading across the college campus right here? Right after the assassination. He looks awful familiar to the dude that the TMZ video gave us, didn't they? Let me turn the camera around and show you this a little closer. Okay. So we literally have this man that's right after the Charlie Kirk assassination. He's sprinting across the campus. When you zoom in on that dude, looks really familiar. Hat, same. Let me actually pull that one up a little bit bigger. So we’ve got his hat here the same, maroon shirt, light dark shorts, light shoes. Maroon shirt, dark shirt, light shoes, hats almost identical. Eye freaking identical, isn't it? And, actually, I can make that a little bit better for you guys. Check this out. There you go. Looks really weird, doesn't it? Looks oh, oh my gosh. Identical. Right? Are we just getting lucky, or is that the exact same person? Because it sure as shit looks like the exact same person. I don't know about you guys, but this entire investigation just thinks like shit. The only people who are literally still believing the FBI's narrative is Jack Wasellbick, now Stephen Gardner and Benny Johnson and the rest of the goon squad over at DP USA. Us Americans, anybody that has a brain, anybody that's able to logically think for themselves, looks at all the evidence the FBI has presented and says that's a load of shit. This kid is never gonna make it to a trial. We're never gonna see those videos. They're gonna Epstein his ass. They're gonna rig this trial. Call it what you wanna call it. They're gonna probably come out with some geolocation data and try to convince you that he was on the roof right when they kill him and they slide him out the back door. He ends up over in Israel sipping pina coladas with Epstein. Drop those comments below. Let me know what you think. My name is Ryan Matta. We out. Peace.

Additional fraud charges are being considered, including insurance fraud, which could lead to a 20-year prison sentence. This poses a serious threat to him.

Damian Williams, the United States attorney in the Southern District of New York, accuses Sam Bankman Fried of committing a massive financial fraud to establish himself as a crypto king. While the cryptocurrency industry and players like Sam are relatively new, this type of fraud and corruption is not. Williams emphasizes that they have zero tolerance for such behavior.

The report describes the Biological Resource Center, a Phoenix facility located near 24th Street and University, as having operated like a “Frankenstein” chop shop for human body parts. According to new claims in court documents, the center was essentially mixing, matching, and selling body parts in ways never heard of before. An FBI agent who raided the building in 2014 revealed the disturbing inside view: everything from buckets of heads, arms, and legs to coolers filled with severed penises. Confused and angry, the agent said, “We thought this was gonna be doing some good,” and described seeing a smaller head sewn onto a larger torso in a Frankenstein-like manner. The center collected bodies donated by families for medical research, with promises that their loved ones' remains would be used for discovery of sickness and disease and perhaps a cure. The reports state that some say the company violated everything they promised. Families’ loved ones were claimed to have not been treated with dignity and respect, a promise written on consent forms. The company is accused of selling body parts for profit after stating they would only use the parts they needed and would cremate the ones they didn’t and return them. Specifics of the alleged sales include a torso with a head going for $2,400, a leg for about $1,100, and knees and feet sold for under $500. The narrative emphasizes that limbs were identified or unidentified, with references to portions “piled on top of each other” inside the facility. The owner of the Biological Resource Center was already sentenced, but faces further legal action. He “will be back in court in October,” facing several civil lawsuits filed by Arizona families.

The suspect is facing multiple state and federal charges and could be sentenced to 13 years to life. A jury trial in San Francisco may not happen for several months.

Life in prison is dystopian, but I'm not in physical danger and some staff are helpful. It's crushing to be locked in a room with others charged with crimes, where trivial things become everything. Trial was difficult; I'd wake at 4AM, spend hours in transit, then trial all day, getting back too late for legal work. Now, I read, play chess, and work on my case. I regret not communicating effectively during the crisis, getting lost in details. The digital world is productive, but limiting without it. I've made some friends, even Diddy, who's kind. The other inmates are alleged ex-gangsters. I've learned that intelligence isn't everything; grit and instincts matter. I was shocked by DC politics. Gensler's SEC was a nightmare, blocking crypto innovation. I didn't call in favors when things went south, DOJ had already decided. Crypto's future depends on regulatory changes and focusing on technology, not just investment.

Do you remember Sam Bankman-Fried? He was seen as a genius, so powerful and wealthy that he attended meetings with prominent figures like Bill Clinton and Tony Blair while looking disheveled. Where is he now? I believe he is in prison, as noted in a Netflix series. That's right, he’s a crook. And who was responsible for his downfall? The Department of Justice.

A man contracted by the city and county of Los Angeles to house and feed up to 600 homeless people was arrested for allegedly misusing tens of millions of dollars to live a luxurious life. 42-year-old Alexander Suker was taken into custody as exclusive Fox video shows the early-morning federal bust at the LA mansion. Suker’s $125,000 Land Rover was seized, and authorities say he defrauded the city and county of Los Angeles out of $23,000,000, covering a mansion and car, a second home in Greece, luxury vacations, designer clothes, and private schools. Prosecutors say Suker was supposed to provide three nutritional meals a day to the homeless, but during one inspection he only had canned beans and ramen noodles on hand. The FBI says Suker lied about various aspects of his supposed “abundant blessings,” including fake vendors, facilities, and the homeless actually receiving meals. The U.S. Attorney’s Office in Los Angeles notes they are actively investigating at least 12 other similar fraud cases in California. First Assistant U.S. Attorney Bill Asele says there’s a tremendous amount of fraud in this state and that today’s bust of one man who misused $23,000,000 alone may show how little oversight there is. California was pushing this money out quickly, with a lot of money going out the door, Asele adds, with frankly very little vetting and very few checks and balances, and Suker is one of the individuals who benefited. The suspect is scheduled to make his first appearance later today. He faces up to twenty years if convicted on the federal case. The local district attorney is also planning on prosecuting.

Joby Weeks, also referred to as Jobadiah Weeks, discusses his six-year house arrest and the controversy surrounding his involvement with BitClub Network, a cryptocurrency mining venture he helped launch and promote. Investigators describe BitClub as a Ponzi scheme that bilked victims of hundreds of millions of dollars, while Weeks frames the operation as a legitimate data-center mining business that paid members daily and built what he calls the largest Bitcoin mining pool in the world. Weeks describes his early life as a hustler who started small businesses at a young age to support his family, then became an entrepreneur who traveled to about 100 countries and founded and financed technologies in the United States. He explains that he joined BitClub as a member and vendor, selling mining hardware, computer equipment, and related services. BitClub promoted high-growth crypto opportunities and mining operations, asserting that mining hardware could generate profits and that their data centers—established in Iceland, Georgia, Norway, with power sourced from Canada and a facility in Montana—could scale to enormous output, with the Montana project described as 300 megawatts and the largest Bitcoin mine in the world. The government charged Weeks on 12/05/2019 with selling unregistered securities and wire fraud, and labeled BitClub a Ponzi scheme. Weeks insists BitClub sold physical mining hardware and not securities, providing invoices, tracking numbers, duties and tariffs paid, and descriptions of data centers and payments to participants. He claims the government raided BitClub’s data centers and seized assets, including miners and cryptocurrency, after weeks of cooperation and meetings with federal agents, including a controversial encounter at a Tony Robbins event. Weeks recounts being shuffled through jail and jail-to-jail transfers for eleven months, denied bail and a trial, with his attorney offering two choices: five years in jail innocent or one year in jail guilty. He ultimately signed a plea to secure his release, but maintains that the charges were misapplied and that there were no verified victims, citing a pre-plea assertion that “there is no victim, no crime.” He describes ongoing legal battles involving twelve prosecutors, repeated delays, and the absence of victims testifying or restitution measures. Supporters perspective includes claims that BitClub was a startup in the Wild West rather than a fraud, and that the government’s asset seizures harmed victims. A white paper with Attorney Alan Dershowitz alleges multiple constitutional and process failings: retroactive charging, selective prosecution, indiscriminate conspiracy liability, asset seizures without safeguards, discovery violations, absence of victims and restitution, unsettled regulatory backdrop, and erosion of speedy-trial protections. The white paper argues that under current standards the case would not go forward today. Weeks also references post-incident developments, including the Biden administration’s crypto actions and the Genius Act, noting the SEC’s stance that proof-of-work mining (as with Bitcoin) does not fall under its securities definition. He contends that early crypto pioneers faced punitive measures, while others who were early investors or promoters avoided similar consequences. Weeks emphasizes his belief that the government seized assets rather than seeking restitution, and he advocates for the return of miners and Bitcoin to make victims whole. Throughout, Weeks and supporters stress his intent to advance disruptive technologies and financial freedom, arguing that his actions were mischaracterized as fraudulent. They frame his six-year confinement as an injustice and call for the dismissal of charges and the return of belongings so he can continue contributing to pioneering crypto initiatives.

Life in MDC Brooklyn is dystopian but I'm not in physical danger, and the staff is trying to be helpful. The worst part is being locked in a room with 40 other people, where trivial things become everything. While on trial, I was woken at 4 AM, spent nine hours in transit, and couldn't work on my case. Now, I read, play chess, and try to work on my appeal. I wasn't on Adderall before, but I was overwhelmed by a billion things at FTX. I prefer the digital world for productivity, not leisure. I've made some friends here, including Diddy, who's been kind. Some inmates see me and Diddy as an "opportunity." I've learned intelligence isn't everything; grit and instincts matter. I regret making political donations; I think my shift towards Republicans after initially supporting Biden may have played a role in my situation. The SEC, under Gensler, was a nightmare, blocking crypto innovation with impossible regulations.