By Dana Malcolm
#USA, December 26, 2022 – Sam Bankman-Fried has landed in the United States after agreeing to be extradited and faced US courts on Thursday. Since the beginning of the collapse of FTX the founder and former CEO had maintained his innocence.
In twitter posts in the immediate days after the collapse when thoughts of a hack were still floating around and the public was yet to learn of the extent of mismanagement he had said,
“I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week. I will, soon, write up a more complete post on the play by play, but I want to make sure that I get it right when I do.” he added “My goal—my one goal—is to do right by customers.— I’m meeting in-person with regulators and working with the teams to do what we can for customers. And after that, investors. But first, customers.”
He detailed his own version of what had happened on twitter. SBF presented the issue in its simplest form, as basically the company being overdrawn, with more money leaving its coffers than was supposed to. Seemingly contrite, he has consistently claimed innocence and ignorance about the massive mistakes that were made at his own company, but emphasized that he was doing everything to get his customers their money, making statements like this.
“I was on the cover of every magazine, and FTX was the darling of Silicon Valley. We got overconfident and careless— I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected. Which made it that much more destructive when I did. I’m sorry. Hopefully people can learn from the difference between who I was and who I could have been— Anyway — none of that matters now. What matters is doing the best I can. And doing everything I can for FTX’s customers.”
He maintained that even his extradition was for the benefit of his customers. Through his twitter posts Bankman-Fried is portraying himself as the picture of remorse. It’s at odds with the revelations of the Congressional hearing on December 13th which new CEO John Ray III attended. Ray shared incredible mismanagement and next to no protection of customer funds painting a picture of cross company trading and other gross negligence that should never have happened. Bankman-Fried did not mention the gaping holes in company policy or record keeping in his numerous twitter posts.
Al Green, Chairman of Subcommittee on Oversight and Investigations and Panelist in the congressional hearing on FTX’s collapse said this
“Mr. Bankman-Fried has pretty much indicated that he just made a big mistake and that he was doing the best that h could to be a servant of a great service to humankind.” referencing SBF’s impressive background in schooling he said “It looks to me like there may be some maleficence here– I find it hard to believe we are dealing with conscientious stupidity. It seems to me that you have to be really talented to do all of these things to the extent that they were done and to do them successfully for as long as he was able to accomplish these things. They just don’t emanate from ignorance and stupidity.– it just seems to me that we are dealing with more than sincere ignorance.”
He put the question to Ray who said they were still investigating and would have more information at a later date.
As for Bankman-Fried, whether his hands are clean or he is pulling off the con of the century will be up to the US Justice system to find out, at least two other executives have plead guilty to criminal charges.
CARPHA Remembers Former PAHO Director Emeritus – Dr. Carissa Etienne as a “Tireless Advocate for Regional Solidarity”
Port of Spain, Trinidad. 01 December, 2023: It is with profound sadness and shock that I extend my deepest condolences to the family and friends, people of Dominica, the Caribbean Community and the Pan American Health Organization (PAHO), on the untimely passing of PAHO Director Emeritus, Dr. Carissa Etienne.
Dr. Etienne’s contributions to public health in the Americas were not only significant, but also transformative. Her leadership and unwavering commitment to our Caribbean Community’s collective pursuit of healthier people, healthier spaces and a healthier Caribbean were a source of inspiration to many. Dr. Etienne was a tireless advocate for The Americas’ regional solidarity, for she knew that was the only way to address the glaring inequalities that exist here.
She was the Director at PAHO for most of the life of the Caribbean Public Health Agency (CARPHA), and under her leadership, CARPHA graduated from the PAHO Biennial Work Programme (BWP) arrangement to having framework agreements.
PAHO funded many of the programmes that are difficult to attract support, like the Caribbean Regulatory System (CRS) and the Medicines Quality Control and Surveillance Department (MQCSD), which are important services for the Region to ensure the quality of medicines. Under Dr. Etienne’s leadership, PAHO also funded non-communicable disease interventions, another area that does not attract large pots of funding, although the number one cause of deaths in the Caribbean region.
During the Pandemic, CARPHA worked with PAHO to fund the downpayments to give 12 Member States access to COVID-19 vaccines through COVAX to the tune of US$2.6 million.
Dr. Etienne will be remembered as a true Caribbean lady who worked with great dedication and focus throughout the horrible COVID-19 period and right up to her last working day at PAHO.
During this challenging time, we pray that God will give strength to Dr. Etienne’s family, friends, and colleagues. CARPHA cherishes the memories of her remarkable contributions to the well-being of individuals and communities throughout the Americas, but especially the Caribbean.
The CARPHA Executive Management and staff stand in solidarity with our Caribbean Community as we mourn the loss of a visionary leader.
Dr. Joy St. John
Executive Director, CARPHA
CANARI outlines climate priorities ahead of Cop28
The Caribbean Natural Resources Institute (CANARI) informed that the Caribbean Climate Justice Alliance, in preparation for the upcoming annual COP28 in 2023, launched its “Caribbean Climate Justice and Resilience Agenda,” outlining the priorities for climate justice and resilience in vulnerable Caribbean small island developing states (SIDS).
In a press release, CANARI highlighted that the agenda recognizes the major threat of climate change to the region as well as aims to louden the voices of the at-risk groups “on the frontlines of the climate crisis and catalyze actions for climate justice and local resilience in the Caribbean SIDS.”
The priorities stated under the agenda are:
- Curbing emissions to limit global temperature
increase to 1.5 ̊C
- Scaling up locally-led solutions for adaptation and
loss and damage
- Improving access to and delivery of climate finance
for frontline communities, small and micro enterprises, and civil society organizations as part of a ‘whole of society’ approach
- Scaling up just, nature-based solutions for resilience
- Supporting a just transition for pro-poor, inclusive,
sustainable and resilient development
- Promoting gender equity and social inclusion
approaches to climate action
- Promoting youth and intergenerational equity as
core to the climate response
- Integrating a rights-based and earth-centered
approach in addressing all these priorities and ensuring climate justice
The at-risk groups referred to in the release include small-scale farmers and fisherfolk, rural women producers, income-poor people, elderly and disabled people, Indigenous and Afro-descendant communities, migrants, and LGBTQIA+ people.
Being cognizant of the severity of the effects of climate change on the Caribbean, CANARI referred to the fact that the very existence of the region is on the line.
“If greenhouse gas emissions continue unabated and global temperature exceeds 1.5 ̊C, the impacts of rising sea levels, more intense hurricanes, rainfall variability, ocean acidification, and other changes threaten the very existence of our way of life in the Caribbean and other SIDS that have contributed the least to global emissions.”
CARICOM Sec Gen speaks on Gender Based Violence
“Everyone must continue to invest in preventing violence against our women and girls (VAWG). It is an investment in our shared future,” were the words of Dr. Carla N. Barnett, CARICOM Secretary-General, as she reiterated the need for solutions against VAWG.
She called attention to VAWG as she gave a speech surrounding the annual campaign “16 Days of Activism Against Gender-Based Violence,” which runs from November 25 to December 10, 2023.
Barnett expresses the well-known fact that VAWG is one of the most prevalent issues affecting all corners of society.
“VAWG remains one of the most pervasive forms of human rights violations in the world and cuts across all races, cultures, genders, and educational backgrounds,” she maintained, as she continued to point out the sad reality that this is still a major issue despite regional and global policies.
“Despite the existence of regional and global policies and legislation to combat VAWG, weak enforcement and discriminatory practices remain significant barriers to ending VAWG.”
The Secretary-General highlighted statistics for VAWG, bringing attention to how serious and embedded this issue is in society.
She said that globally, 736 million women—nearly one in three—have experienced violence—physical and/or sexual intimate partner violence, non-partner sexual violence, or even both.
For the Caribbean region, she said surveys conducted between 2016 and 2019 inform us that one in two women experience intimate partner violence, which is higher than the global average.
In continuation, Barnett expressed that the campaign calls everyone to action against VAWG, including “development partners, civil society organizations, women’s organizations, youth, the private sector, and the media.” Also, world governments are being asked to share how they are investing in gender-based violence prevention.
Ending her address, the Secretary-General urged everyone to wear the color orange for the duration of the campaign, as well as on the 25th of each month, “as a symbol of hope for a brighter future where women and girls live free from violence.”
FIND US ON FACEBOOK
News1 week ago
Lovers Allegedly Steal $30,000 from Scotiabank Accounts, Trial delayed to 2024
News1 week ago
55 Year old Good Samaritan killed in rainy night Roadside accident
News1 week ago
Elevating Public Health Defenses: Strengthening Vector Control Capabilities in the Turks and Caicos Islands
Caribbean News1 week ago
More REWARD Money, Haitian gang leader
News1 week ago
TURKS AND CAICOS ISLANDS ATTRACTS OVER ONE MILLION VISITORS: JANUARY TO OCTOBER 2023
News1 week ago
Lived Five Years in TCI undetected, now serving Five Months in Prison before Repatriation
Bahamas News1 week ago
PLP holds onto West End & Bimini; Kingsley Smith tops nearest opponent by 914 votes
Caribbean News1 week ago
DR Officials say 30 Dead after TD 22 Drenched Santo Domingo