John J. Ray III Is A Human Sock Puppet

A human sock puppet is like a digital sock puppet. If you’re not familiar with this distinction, a sock puppet account is a duplicate run by a person with multiple online personalities. This is common in Catfish scams. You could think of it like a Catfish, actually. That might help. John J. Ray III (aka JJR) is a Catfish created by Sam Bankman-Fried. It’s convincing the world this FTX bankruptcy is legitimate.

Apparently an “army” of lawyers were paraded into a courtroom on behalf of FTX, despite this being completely unnecessary. The news reported in tandem with this imagery, the name JJR, to convince the public that he was there when there was no evidence he exists. If JJR is a fictional character, that would mean that millions of people are being taken on a very stupid ride right now. The press won’t even check.

It doesn’t even take the press to check, though. Anybody could search out John H. Ray III and notice that he bears very little resemblance to JJR – at least on paper. But this whole sham show proceeding in Delaware is not going to allow Sam Bankman-Fried to hide forever. His family is going down.

Our Financial Press Are Human Sock Puppets Too

The financial press appears to be complicit in the FTX scam, for sure by promoting it. But it’s also likely that through their own sock puppet accounts, the press who was supposed to be safeguarding against frauds for the public – put their own money into it. There was never a hardline against cryptocurrencies within the press, for any reason. Much more emphasis has been put on the rhetorical reiterations of January 6 “insurrection” fears than there has been protecting people from losing their savings.

If traders are reading this, or money managers are taking a look, get the hell out of crypto.