FTX founder Sam Bankman-Fried denies 'improper use' of customer funds | GMA
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- čas přidán 30. 11. 2022
- The former FTX CEO spoke to George Stephanopoulos and ABC News following both companies in his cryptocurrency empire filing for bankruptcy last month.
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#cryptocurrency #ftx #sambankmanfried #bankruptcy - Zábava
My brain hurts from watching this. It's like watching a young man telling his parent that he didn't take the cookie out of the cookie jar while holding the cookie.
Only he's not a a child but a grown ass man. Probably got away with it when he was 5 yrs old with his parent, but not anymore.
Sam is a beautiful man and a genius at that! We love and support you Sam!!!!!!!!!!
@@osiris_blanche FTX will arise like the Phenix
FTX is not a business at all .. in fact crypto is a gambling only .. people and folks come out of your dream of money making scam…. Sad to see this person has got potential and he used it in bad way …Now stay in jail forever … or at least pay double the amount you took ..make sure justice do prevail .
@@michael-4k4000 He will do Shit. How stupid are you? He's so dumb, he was just having luck for so long time at robbing people with a giant scam
This interview is a great example of how lying is way more difficult than simply telling the truth.
Yeah and if you’re charismatic to attract talent like he did over a fake venture you probably could have done something real and made millions still. It’s about the fact that it’s illegal, the thrill of deceit not of accomplishment.
Lawyer here and this guy just made their jobs worse. 9:20 is a stonewall admission to criminal negligence. I wonder if that's their strategy since it carries lesser jail time.
@@umarb7325 not a lawyer here, his best bet is to say I was dumb then say am a criminal. Bet his lawyer would settle for criminal nelegance any day of the week.
@@namhuy1216 problem is he's also saying other stuff that points to fraud. The worst of the worst. His best choice is to say nothing. He's going against their advice
@@umarb7325 . Maybe this is their strategy. Go do every interview you can. Look sorry and make it look like you were just a dummy. Pretend your not listening to us. Maybe you'll get 4 or 5 years and be out in 3. When your out everyone will still think your genius but was just dumb. Theyll all give you their money again.
I’m glad this Sam Bankman-Fried got his justice. This case made me sick. He ruined other people’s life savings. And now we have a major precedent for anti-fraud in crypto.
I have the vague feeling, he looked at the 2007 housing crisis and said, hey, I can repeat this without anyone going to jail. And he forgot he was not a bank, not the government.
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He looks down an awful lot for someone who claims to be innocent
Mind boggling to think anyone would invest billions with this shady looking and badly dressed character with his unkept hair and general unkept appearance. All that money and he could not afford a personal trainer to help him keep in shape. What a slob.
This guy's a physics expert. He never knew what he was running, and he also can't say anything due to indictment. What we're looking at here is a healthy reminder of what it takes to have financial expertise if you're technologically ahead of the SEC. Who needs derivatives when you have fake currency?
Send him to the 1000 Cuts facility for re-education
@@maxmiles4338 This inview was before the indictment.
He's on the spectrum, imo.
If he doesn’t wind up in jail for decades we have no justice system
He is no different than Pelosi, Biden and many Democrats. They will never pay for their crimes while they are alive.
If he doesn't wind up in jail lets just use his case as an example and say "oops" when we get caught ever doing anything wrong.
He will never see a jail cell
Justice system think more about just a complete corrupt government from the bottom all the way to the top! For fuck sake’s probably Biden already heard something about it.
@@t500010000 Madoff sure did. I wouldn't be so certain.
This guy is still lying through his teeth and you'd have to be blind not to see it
Ud have to be blind and deaf
You'd have to lose your sense of taste in order to not feel what hes soing
And his pals are giving him every opportunity to get ahead of prosecution. Our country is corrupt. This is disgusting imho.
This dude js cringe on every level. Look at him, his voice, how much of an incel he is letting his gf dicked down by other guys.
He looks pretty chill for a man who ‘lost half his net worth’. There’s no remorse, worry or even genuine empathy for ANY of the people who lost their money. It’s almost like he’s still a multi-billionaire.
I have the vague feeling, he looked at the 2007 housing crisis and said, hey, I can repeat this without anyone going to jail. And he forgot he was not a bank, not the government.
Lmao 😂😂
What he did isn’t at all similar to the subprime mortgage crisis. What he did was a good old fashioned Ponzi scheme by taking investor money and funneling it through various entities for investments or personal use.
@@bate01071
Bruh. Fractional Reserve Banking IS a Ponzi scheme. SBF never thought all his customers would come asking for all their money at once, and so he over-leveraged his debts. It’s the exact same things the banks do.
nice comment! lol
If someone gave him a dollar for each time he said ‘you know’ in this interview, he could pay off all of his creditors.
😂😂😂😂😂😂
You knowYou hear me
Prime example of someone who’s been coddled their whole life and the thinks they can get away with absolutely anything based off of this upbringing
P R I V I L E G E
This started with the whole Affluenza Teens that committed heinous crimes but where only given minor probation and house arrest due to their affluent and privileged upbringing.
Just wait. He may be right that he can get away with all of this.
@@Jim-Tuner not this time lol. A lot of other rich people got burned. See Epstein & Maddoff
YOU'RE DESCRIBING DONNIE TRUMP TO A TEE.
If I were his lawyer I would advise him not to speak to anyone. He is literally digging his grave by himself.
He seems handicap to me in a Rain Man type of way.
It depends on if he lost Hillary Clinton's money or Nancy pelosis money then yes he would be a dead man
It hasn't occurred to him that he's in trouble he's probably never suffered any consequences
But you're not so hush
@@mikeharrison6638 I don't think he really "knows anything". He's not dangerous, just a fall guy.
"What happened, happened" is what you say when you get a speeding ticket. Not when you lose 30 billion
Something happened and I am sorry I did not make more money , thank you
This kid inspires me. He should serve as a true role model for our kids today. The more genius looking scammers the merrier.
He's 31. Let's not call him a kid.
@@astralislux305sorry, fully grown adult that looks like a child
How is he not in jail?
Cuz like, they need to investigate first
Even a "clear cut" case like Theranos took almost a decade to get 4/8 guilty verdict, so don't expect anything anytime soon in an unregulated filed like crypto.
Investigation and because he was based in the Bahamas it makes it harder
Because he has very rich Lawyer parents with influential friends.. He'll be just fine..
Ye knows why...
It's impossible not to know. He knew exactly what he was doing.
'Wow... I had no idea my hedge fund's balances were largely in my own token! Maybe I shouldn't have hired that guy who ran an online casino and was busted for selling the ability for customers to see the hands of other players!' -SBF pretty much.
Between the ability of Alameda Research to bypass oversight and the auto-deleting messages, he deliberately set things up for 'plausible deniability', but that pretty much proves intent to commit wrongdoing.
@@richardbell7678 dont forget the donations to democrats so he can have interviews such as these.
Exactly. It's impossible that he didn't know that $10 billion of customers funds were transferred to Alameda. He had to sign off on it. It's not like it was a miniscule amount. His company was worth $20-$30 billion. It was too large of an amount for him not to have known. He was the largest stake holder and CEO. He knew precisely what he was doing.
It’s disgusting how the democrat MSM are protecting this guy. Operation Mockingbird in real time.
I’m absolutely amazed they left the comments on for this. It’s insane how he tries to side step questions and literally talk/whispers to himself
the whispering to himself is so creepy. he's trying to parse the question so he knows how to lie
@@10010x0x0x01101XX0X1 I dont get it; he does not look or sound intelligent and his general appearance is like someone living in their parent's basement. Definitely not the CEO of a billion dollar corporation.
He’s repeating the question to himself. He’s under a lot of stress and he can’t process what’s he’s hearing. The guy is F’d.
what you will get is three meals a day
SNF was 'Distracted' I would say even 'Entangled'
This is INSANE.... George nailed this interview!!! Thanks for holding this kid's feet to the fire dude! 🔥🔥 Wow
dude talks like quentin tarantino
He's 30 not a kid
a kid????? kids are honest little humans this thing is not a kid he is a grown ass adult and he knew what he was doing together with his weird girlfriend.... Gambling is a serious thing and all those people who lost their money I don't feel sorry one bet, how can a Teacher invest 25 million dolars ?/ give me a break
It’s so so weird that people still call millennials kids… they are in their 30s and 40s…. Everyone says we are perpetual children, but damn, this dude made and lost billions, and may go to prison. We’re doctors and parents and professors… but we’re forever kids.
Hahahaha George “I’m not an expert but I don’t think you answered my question”
Funny
@@raphealmoore lmfao who tf randomly asks someone where they're from? Are you trying to hook up with her?
Ha ha 😂 🤣 😆
Yeah he didn't flinch, he froze like a deer in headlights. 🤦🏾♂️
"Yeeuuppp"
This guy can’t hide his guilt
IKR? His body language and facial expression tell us he's lying.
I seriously doubt he feels one ounce of guilt or remorse
I'm glad they picked him up... so many people lost their retirement
Look at this kids faces would you trust them with 3 bucks...
@@mariosanchez-sj9yv if you got retirement in crypto you shouldn't be in control of said retirement.. 😂
This guy is really good at creating elaborate answers, they are complicated in a way that's hard to understand to the point that I wouldn't even care to follow up, which I'm sure many did the same.
That's how Wall Street works too 😂 People just stop questioning because there is a complicated elaborate non-answer.
Thats cuz ppl are dumb and lazy. This guy literally dodging in answering the question. They can just get it down to answer yes or no.
That’s what rabbis do Martin Luther said that it is impossible to argue with a Jew because they use word salad to confuse a lie
No disrespect butIf You felt hisAnswers were in any way impressive or well-constructed in regards to avoiding direct responses I think you may need to go back and watch this a few more times. Let me know disrespectBut this is basicallyamateur hour.Clearly he thoughtdoing countless interviews without a lawyer present would be at least to start in his efforts to save his humble reputation.I can very clearlypicture his legal teamcringingBut every syllable He's so laboriously utters.
In fact, I don't recall one interview in which The Inquisitorwas not laughing at his people attemptsto maintain composure
Both his University Professor parents must be proud to have given their son the academic standing to become a world wide snake-oil salesman. There is no prison term that can offset the damage he has done to customers who trusted him with their life savings which is now gone.
Stealing with a pen should be worse than with a gun
@@seangelarden8753 backwards logic
Why in the world would people put their savings.. In crypto? That in itself is unbelievable. 😂
Crypto is based on alot of Bullshit
@@danieldangelo7937 at the end of the day it's just a way for rich people to cheat the system because they're so clever
This dude is a lot smarter than most people think he is. After his interview, he was able to convince quite a few people into believing that he was just negligent.... He's a master of manipulation....
Most didn’t believe his lies.
The first time I saw him I knew he was full of shit. Imagine trusting this guy with your money? He thinks he is smarter than he really is maybe from the stimulants he takes. They make you feel “smarter” than you actually are and prob also make his ego even bigger in his head
@@MaikSpike The ones with money still fall for it.
High functioning ASD/psychopath.
Nah he's still full of shit. He was claiming to be a savant genius and now he's claiming to be the opposite hmmmmmmm
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@@tywbin @Ben Stallion
Yeah, y'all two clearly aren't bots and/or actually retarded. I mean has you really been far even as to go want to look more like? That's what your comments read like except with a few inappropriately placed 8 dollar words sprinkled in.
While he’s to blame for scamming people, people also need to start taking accountability and responsibility for their actions, too. Celebs who promoted this are also not to blame. They are also the 'victims', or rather dumbf0cks, like everybody else who invested in this. Most celebs are artists or sports people who have no idea about math, the economy, or the Internet today, and they rely on the advice of their PR and financial advisors too, when making such promo deals, often solely based on popularity trends. So the rich and famous who were entangled in this, need to become smarter about these scams too. Everyone is an adult here. You don’t simply go and put all your savings into one investment. This is insane. You don’t have to be a finance expert to know that. All you need is logic. It shows clearly how many people live without zero logic or how many are greedy themselves, and that's the irony here: it's not that just Sam was greedy and irresponsible, every single person who invested in this was all these things too, but 'regular' people never take responsibility for their own choices, and only play the victim!
Poor guy with only $100 000 left in his account. My soul weeps for him.
Yeah, we should set up a crowd funding page for the guy.
Most people won't see 100K in their lives.
The reporter is asking if FTX user funds were borrowed by Alameda Research and Sam is talking about the borrowing feature for margin trading on FTX.. these are vastly two different concepts.
this is the go to for poor liars. Intentionally misunderstand the question
4:41 the moment he realized he is going to jail 😂😂
That’s hilarious 😂
My grandmother dropped out of school in the 5th grade but taught me "Honesty is the best policy". SBF parents are university profs but not smart enough to teach him the same thing. Intelligence has no connection to classroom education.
They Probably Taught Him Decent Morals.. He Jus Went Against Them & Chose Greed
Stunning admission: “I didn’t spend anytime managing risks.” Your parents are law professors at Stanford? There’s a tv series coming soon y’all #staytuned lol
This is basically the plot of "Startup" except without the Haitian Gangster character
Steal $200 from a liquor store: 5 years in jail
Steal $16,000,000,000 from investors: meh, the kid made a little mistake...
Yes but he is jewish, you dont judge them like us pour goyim
@@alistar92 😂😂😂😂
@@alistar92 nice loss. Proud of you!
Who were the investors? How did they get that money? Are they scared of being caught now that it's gone for embezzlement or bounced checks?
You know why. He sent millions of dollars to the Democratic Party. I do you a favor you do me a favor now. Messed but he knew what he was doing with all these campaign donations.
I love how they just give him praise for doing interviews 😭😭 Literally every interviewer says the same about how brave he is and how he’s going against the advice of his lawyers. Bro is on a press tour doing damage control 😂
He basically admitted to stealing customer funds so I’d say this is the opposite of damage control
@@Matt-bg5wgBro he is tryna to convince everyone that he’s just a dumb ceo who got caught up. “I’m not a criminal i’m just stupid” 😂
Like he can’t deny all the those things didn’t happen but now he’s gotta say I didn’t think that would happen or I didn’t know it was that bad lol
Its so funny how each interview makes the case against him stronger but he keeps doing them
@@Calebe428 But he’ll be dammed if he doesn’t try 😂. The possibility of jail will do that to anyone I guess.
Man this guy seems totally legit, I would invest with him I mean just listen to him
Totally, your totally right. I notice you did mention investment and realize immediately you were a fellow man of culture and knowledge therefore may I refer you to some promising beach shore real estate in Arizona??
🤣🤣
😂😂😂😂
@Kamle Harris 😂
lol
SBF: "I don't know of FTX deposits being used to pay off Alameda creditors."
SBF: "Which creditors are you referring to?"
Does it matter? He already pointed out he doesn't know which creditors, so why bother asking which ones? Oh, that's right, he continues to attempt to obfuscate his answers to George.
That’s what liars do. He’s a liar and a crook.
the 'genius' really wants us to believe he's just an idiot now
Exactly
When George said in no crypto expert, I thought Sam would say neither am I 😂
Lol
😂😂😂😂
😂😂😂
If you edit out his “y'know”s, the interview is actually only 90 seconds
He is trying to portray himself as being just an inept goofball who accidentally bungled things, and not someone who intentionally and knowingly defrauded investors. The thing is, you don't get to that point by being an inept goofball who doesn't know the rules. He knew what he was doing was fraudulent, and he got caught. I genuinely think his personality disorder made him think that either 1) he wouldn't be caught, or 2) if caught, he could wiggle out of it.
It really doesn’t matter what he says because he’s not ever going to say “I took your money and it’s now mine and I spent it” he’s just going to pretend he is naive and made some “mistakes” acting as if the money just “vanished” and not that he funneled it all through shell companies. This man is going to lie and act like he’s “deeply sorry” while he’s spending everyone’s money in the Bahamas to live luxuriously.
Well considering he says that now he only has a few hundred dollars to his name, that’s questionable. If he does in fact end up in the Bahamas, living luxuriously, he will be exposed for what he is
@@ghostbusterstony7317 as long as he is clear of legal troubles it doesn't matter at that point.. he won't go to prison
Yeah he fucked up big time and has to pay the price.
@@ghostbusterstony7317 What do you mean if? He already was living luxuriously in the Bahamas, all while making videos of how frugally he lives (which was total bullshit).
@@ghostbusterstony7317 We have no idea how much money he really has. A billion dollar loan to himself that he reinvested in the company? Why take the money out in the first place?
He can’t even look you in the eyes!! How in the world did people ever think this guy is “THE MOST GENEROUS BILLIONAIRE “!!! ??
Mr earthquake stopped shaking all of a sudden
He was quite generous to the Democratic Party lol
This is why you don't give interviews while getting sued.
Think about it - someone got denied a spot in MIT for this guy.
I don’t even think he swindled people. It’s pretty obvious what was happening the entire time and you see that this person can’t even hold a conversation, yet people still threw billions of dollars at him. He can’t even answer one sentence.
I'm thinking the same thing. I knew this was a scam from the beginning. It played out just as I thought it would.
Thing is you don't appreciate how smart he is to become a billionaire? What have you done?
@@newcastlelukelowther he wasn't even smart enough to keep his scam going for more than 3 years. Alot of people could make billions with opportunity and the willingness to lie, cheat and steal, it's just that most of us have ethics and a conscious. Swindling money and misrepresenting yourself into a slew of felony conviction is the polar opposite of intelligence.
He drives a Toyota come on, he must be very smart
This is appalling he needs to be in jail the evidence is all laid out, this treatment he’s getting is gaslighting the public to a point where people expect more and more insanity which will degrade our society exponentially if it continues to go on like this
You mean jail in the Bahamas where he's bribed everyone? Good luck.
As always, it"s hard to prove intent. Even some "clear cut" case like Theranos still got some "not guilty" verdict, so don't expect anything anytime soon.
@@sushienjoyer He used money from one company to another company, which he didn't tell anyone, or informed the people who used FTX about using the funds. Irregardless of intent, he and those involved need to be prosecuted for, at the very least, fraud.
Intent will just make things worse.
Towers Financial was the biggest financial fraud in the USA before Madoff. The mastermind of Towers Financial, Jeffrey Epstein, walked away while the stooge Steven Hoffenberg went to prison. Congressman were working to stop SEC investigations into SBF.
Rep Ro Khanna attacked Terry Duffy in a house hearing. Leading up to that hearing Duffy, CEO of the CME, called SBF a fraud to his face. Risk Reversal Media on CZcams has a clip about it and a whole interview with Duffy as well. Ro Khanna pt the clip on his Rep Ro Khanna CZcams channel like it was ambush gotcha media from a house hearing.
Madoff was in cuffs the day after his fraud collapsed. Jeffrey Epstein didn't receive consequences for Towers Financial. SBF starts a publicity tour the day after his fraud collapses.
A big tell is the CFTC trying to push the FTX Futures platform certification, and congress protecting SBF/FTX including shutting down investigations like the one by the SEC. Then there is the big question about how SBF's academia rock star parents were involved, was dad operations and mom giving politicians their slice? Looks like parents are experts in tax shelters, and government sanctioned money launderers/embezzlers.
@@sushienjoyer there are people sitting on death row with zero intent. Hell they still execute people only to find out they were innocent, or they knew but didn't want the real criminal prosecuted.
His company had no Chief Financial Officer and no Board of Directors. This crisis was inevitable.
why do you need all that when youre a jew?
@@DELTACO..UBERDRIVER..STOCKS.. 💀
🤣😂@@DELTACO..UBERDRIVER..STOCKS..
He's dodging the questions like you do George.
On a technical level he’s not. He got asked did FTX funds get funneled into alameda. He said margin trading was allowed so on a technical level it did and it was legal. Journalism these days is dog shit so they should’ve gotten an economist to ask him questions. Nonetheless if all of J.P. Morgan customers decided to pull their money out all at the same time the exact same thing would’ve happened to that bank.
@@paralysisbyanalysis Fantastic! so Sammy was allowed to do it and it's all good. It all George's fault!
The lack of eye contact told it all!
They're gonna give him the Nobel prize in economics arn't they?
nah, he is an actor to use to draft legislation on crypto. He is a part of the star cast.
there is no nobel prize in economics actually. it’s an award “in the spirit” of the nobel prize that they just made up. it has nothing to do with Alfred Nobel
Yes probably…they’ve just given the 2022 gong to Benny Bernancke so he’s looking good for one down the line
According to nasdaily he is the most generous billionaire so maybe
Also the Nobel peace prize
They’re DEFINITELY going to make a movie about this guy someday
1000% who knows what the moive should be called ahahah lol
Amazon already bought the rights to the SBF movie
a silicon valley type comedy would be nice
CZ should be portrayed as a 280lb+ body builder to represent "Chad". Caroline should be portrayed as a squirrel. SBF should be portrayed as a crack head.
Instead of Wolf of wall street they should call it
Sheep of Silicon valley.
I think Chris Hansen should be doing the interview
Him whispering to himself before talking is so creepy
The words of a con-artist, I love his extremely long pauses to think of the next lie
Literally mouthing the question asked while he comes up with a bs response.
Because he's answering a loaded question. He might have known this trading did exist, but might have thought it was covered in the terms. I'm not saying if he's lying or not, rather that this context is important to make in his defense. Even if you're innocent, you have to be very careful of what you say as it can be used in court.
Amen
@David Harkins possibly...Sam does own Alameda Research and he did write the coding and he did sign for the money to be handed over to Alameda from FTX.
This is like someone running a red light and caught on camera and practicing all the BS they can try to say to the judge. SBF is going to jail, one thing about the U.S. is that they will come after u for financial crimes no matter where u are...even if u run away to Pluto they will send a space craft to pick u up. This kid needs to go to jail and he can repeat questions and answers to himself behind bars. I think he gonna get 12 to 25 years.. he may get less because of connections but that will set a precedent and crypto will loose even more value if they do not can him.
@@WeebsArePathetic “the digital assets can’t be loaned out.” That’s not a loaded question. Nor is it even a question.
“About a month ago he was worth about 20 billion dollars” now he is the punchline of every financial joke “knock knock”, “who’s there”? “ Sam bank man fiend”
It's uncanny , scam bankrupt fraud 😂🌿
He's screwed 😂😂...must suck to be him right now
There should be corporate business regulations overseeing corporate financial statements every day years to prevent fraud and equity investors borrowing against company into their individual pockets. This happen with the hospital in Pennsylvania and the hospital end up closing, the management CEO and executives if that hospital took out money and pay themselves and investors.
I thought that was the job of the SEC.
He needs to be in JAIL RIGHT NOW
No. Prison.
Towers Financial was the biggest financial fraud in the USA before Madoff. The mastermind of Towers Financial, Jeffrey Epstein, walked away while the stooge Steven Hoffenberg went to prison. Congressman were working to stop SEC investigations into SBF.
Rep Ro Khanna attacked Terry Duffy in a house hearing. Leading up to that hearing Duffy, CEO of the CME, called SBF a fraud to his face. Risk Reversal Media on CZcams has a clip about it and a whole interview with Duffy as well. Ro Khanna pt the clip on his Rep Ro Khanna CZcams channel like it was ambush gotcha media from a house hearing.
Madoff was in cuffs the day after his fraud collapsed. Jeffrey Epstein didn't receive consequences for Towers Financial. SBF starts a publicity tour the day after his fraud collapses.
A big tell is the CFTC trying to push the FTX Futures platform certification, and congress protecting SBF/FTX including shutting down investigations like the one by the SEC. Then there is the big question about how SBF's academia rock star parents were involved, was dad operations and mom giving politicians their slice? Looks like parents are experts in tax shelters, and government sanctioned money launderers/embezzlers.
Lol if he is not what are you exactly going to do about it instead of just claiming random things in the comment section
The democrats are in power imdont think they'll let him go to jail or he'll squeal
@@InternacionalBoxing you think it would be diff under trump ? Both parties love green $$$
That was pretty quick of him going from being a genius to a simple boy who doesn’t know much, easily distracted 😅
He is like I think they went to my cold storage 😂
They thought that saying FTX Specifically instead of just saying your assets may not be loaned out, they said it cant be loaned out to FTX, they never said they cant be loaned out to alameda so you really have to look at what the T&C are and look for little loopholes that these fraudsters put into the system.
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SBF was allowing Alameda to act like any other customer who can borrow other customer's assets on margin. That's the crime.
Is that commingling of funds?
1) a margin call should have taken place when the funds dropped below a certain threshold. 2) it is not clear if they borrowed money from any segregated accounts
SBF lied at various times in this interview. Could not even look at George in his eyes when answering questions, would dance around simple yes or no answers and would pause before he began to answer. Be interesting to see how much time he will do considering all of his and his families connections.
Unfortunately probably no time at all. I bet a couple years probation and that’s it
@@williambell4653seems you were wrong
I can’t believe he thought getting interviewed was a good idea
"You are bad at risk management": "No, I just wasn't even trying". Just spectacular.
Who was on your risk management team?
Whats that?
Bankman-Fried was born in 1992 on the campus of Stanford University into a Jewish family. He is the son of Barbara Fried and Joseph Bankman, both professors at Stanford Law School.
Prison is going to be very difficult for this guy.
He would be considered a scum bag even in prison. They may beat the crap out of him just for fun.
If he can’t look at you in the eye he’s guilty.
It’s stunning that he’s still daring to interview in the first place!! This is his Liz Holmes “I feel devastated” moment.
If you’re dumb enough to invest in crypto then you deserve this crash
People lost money? No, you lost their money.
Or probably stole their money
To be fair, people that get greedy and don't diversify investments and instead dump it all int he Bahamas, which is so exchanges/brokers can take advantage of lax regulation, then they kinda did lose their own money. It was no secret that FTT was just a token. It's not even a crypto.
but he is 'very very sorry'... he says so many times
Where is that money though? Someone has it
@@TheRubberStudiosASMR not someone, more than some
If you put your life savings in the hands of a 30 year old and a "coin" that has no usable real world use how on earth else did you expect that "investment" to end..
When he said Caroline said he knew, I’m glad he pushed back now that it’s confirmed he knew and obviously made the system up that did this, it’s both sociopathic and psychopathic to go into this many interviews blatantly lying and blaming everyone else while showing now real remorse. He’s gonna run and his parents are gonna let him and act like they didn’t know he was going to. No way they let him go to prison for years and years
"as best I understand". He knew exactly what he was doing. Finally somebody takes him to task instead of just throwing softballs.
The media likes him though because he supported all the right causes. Doesnt matter if he committed fraud
Yes but who ordered to arrest him before he was testifying today in Congress ???
That’s the questions
And follow the money on where it went
There’s your answers
Listen to this weasel telling lies !!!
From the way the interviewer was acting I would lay odds he lost a bundle as well and wanted answers himself until now how many of his own friends he brought in and how much money they lost this young man has sure messed himself over bad day is a fine line between being a genius and a full blown idiot at the same time
Hi
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I agree, my proffit have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser. I found her on a CNBC interview where she was featured and reached out to her afterwards. long story short, its been two years now and I've gained over $85k following guidance from my investment adviser.
@John Kent She’s considered a key crypto strategist with one of the best copy trading portfolio and very active in the crypto space
Wow way to make it about yourself instead of creating a comment that shows the corruption and criminal activities of these people.
@@Jack-oz4bfperson is an actual bot
Bro could not talk his way out of this guy like the other interview I watched he did the same thing he just said a bunch of stuff and never answered any questions and this guy is not having it and I love it I’m here for it .
Why did this guy do this interview, he's a genius after all 🤣🤣🤣
Must have paid him a lot, his over confidence probably figured he could make some money and not say anything incriminating.
Because he thinks he can outsmart everyone.
@@RotogripRocks no amount of money is worth it for him.
SBF was disrespectful of the interviewer because he couldn’t answer any questions with simple and honest communication. He was mumbling and talking in circles the entire time. Let’s see if he can pull this act off in court.
He didn't want to incriminate himself
he's not seeing a court lmao. Fcking morons who think the justice system is anything but made to punish the poor.
This is the most real, actual reporting I have ever seen on GMA
Stsy off FOX and CNN and you will see more 😎
@@hersheywalker6447 BS. He didn't give those other peeps a chance to interview him. You know you're a bullshitter...and you're a typical liberal that use racist memes to poke fun at black ppl
@@hersheywalker6447 Definitely Fox - Fox is hot bullshit and the anchors KNOW they're bullshitting. CNN is mostly legit but make stupid, STUPID mistakes and deserve a handful of skepticism. Fox and CNN aren't comparable, however much people do. ABC is pretty good at staying centrist and avoiding clear bias along the US political norms.
@@hersheywalker6447 happy with breadcrumbs are we ?
@@maklame3318 They actually hit him with hard questions, and not a single softball. Did you actually watch the video or just the intro?
He never developed a sense of consequences for his actions. Just google who his parents are.
If you wanted to commit fraud and pin it on some random bloke, this seems like the kind of mark to make.
He is clearly trying to find a way to not tell the truth
He’s doing what “they” (his group) always do. They lie better than any other group
He’s showing all the classic signs of lying in his communication.
Thanks George great work buddy
So painful, dude had like a 5 second pause for yes or no question 😂😂😂
Where is the full 2 hour interview? Would love to see it.
He is being careful with his words because he knows if he said anything literally anything it will be used against him in court.
I feel bad for his customers.
“I did not know of any improper use of customer funds”
That is a very carefully crafted sentence indeed.
its all for nothing. he confessed to comingling customer money and alemeda. No way out
Given his friend and family and continuing supporters, he might well be right to believe that the law cannot touch him.
@@avarmauk wow genious.
I don't feel bad for his customers at all. Why feel bad for customers who invest their money into something that was created out of nothing and promoted as an "asset". People need to do their homework before putting their money into fake assets.
The biggest flag was letting the 20 something math major run Alameda. That was russian roulette with a fully loaded gun. As brilliant as this guy is ….there’s something not quite right.
" I wasn't spending time or effort trying to manage risk in ftx. I don't know what to say ". 😮.. that says it all kid
Holy shit. When I first 'watched' this interview, I only listened to it while working. I thought he had a lawyer beside him assisting him with the questions. It turns out it was he himself talking to himself silently.
oh I saw that, I think he's piling into the depression and bipolar situation to buy his jail time out!
He is self lawyering i guess
@@engr.renatosegovia867 he’ll not serve time the Democrats took the money so they’ll pull a hillary Clinton on him
Man this is amazing. The balls to gamble with other people's BILLIONS of dollars AND THEN once he gets caught, DEFY the advice of your attorneys and basically self incriminate on national morning television. Astounding 🤦♂️
Yeah it's unprecedented for sure
Because he knows nothing will happen to him.
@@YTnotes Well, if he were to be prosecuted here in Brasil that would definitely be the case. But US is a whole different story. Madoff died in jail
@@hugooliveira4440 Bernie Madoff stole money from Jews. Sam Bankman-Fried just stole money from Gentiles, who “they” don’t care about. Sam won’t ever go to jail, he’s J privileged ✡️
It’s funny, any comment mentioning ‘God’s chosen people being the reason why he isn’t getting in any trouble’, gets censored 🤷🏻♀️
So,... So,... So,... Why does this generation start every answer with "So,..."?
So….. it’s because we suck
He's not a kid. He's 31.
Cagey pauses, searching for vague answers, speaking in circles, talking to himself under his breath, claiming he didn’t know anything. He feels really bad though, so I guess it’s ok 😂
Spot on
What a odd personality this guy has.
7:15 He certainly took a pause there to remember what his lawyer instructed him NOT to answer
And 3:15
Smart guy but got greedy
Pretty sure he has an ear piece in
Child of two Law professors bro. they're definitely gonna come up with an unimaginable way to keep him out of jail
04:40 too
No he cannot hide his guilt we can see his guilt right through his eyes.
People when you're gonna realize this was a honey trap to see who's launding money who's getting paid off
From a psychological point of view, he’s an evil liar.
He doesn’t even know what he’s answering, it’s insane!
If this gentleman does not go to jail, either we should all get out of the Crypto Market or let’s all set up Crypto exchanges and scam people for free!
He didn't lie, he was too truthful to the point a guy is going to jail. He was a kid that got a million dollar bank running that was decentralized and he was targeted with a bank run the moment his company was weak and could get targeted. He's lucky he wasn't killed. Your the kinda person that probably still thinks the government care about your feelings and wallet. They kill people who are not American and attack the us dollar normally.
Lol last sentence was stupid. Not everyone can be part of a scam. Its not how it works. If it bothere you go out, group up and do something about it.
Not defending him, but if he was honest, he would say "Sorry, my lawyers told me I can't answer that." It wouldn't be a very graceful interview. Anyone with a working brain and ears can in fact tell that he is beating around the bush.
@@dxuhuang I agree he needs to really lean into honesty and stop acting like a scared 20 year old.
Repeating the question is the biggest giveaway that liars display
They usually do this to give them time to think of what to say.
I came here for this comment….EVERY FUCKING INTERVIEW HE WHISPERS TO HIMSELF TO APPEAR NAIVE…NEVER HAVE A CLEAR ANSWER..ALL OF A FUCKING SUDDEN , HE AIN’T KNOW SHIT…couldda wouldda shouldda….
He keeps looking right as well. Plus coffeezilla caught him out.
gives them time to think of what to say....seen it all my life
Ok then 🤣🤣🤣🤣🤣
The experts
The way he waffled on those softball questions
Jail time? I bet he's a whole lot more worried about getting whacked.
This is really what’s happening. SBF has 2 parents who are law professors. They think they can fool the world and they’ve sent their son into the deep end to attempt just that.
yup he knew what he was doing and thinking he could get away with it such a shameful parents
Stanford law professors
They WILL get away with it. They have Maxine Waters in their pocket Oy Vey!
@@STse-ks5jg *Jews*
You can’t be the CEO of a company and not know what it’s doing.
So true !!
He knew what he was doing. He is just playing dumb because he doesn't want to go to jail
He knows and he may already stashed billions of dollars in an unnamed account somewhere. If he would be jailed for 10 years. This guy would enjoy his billions at a ripe age of 40.
Oh 100% has money stashed for when he gets out of jail it’s why he literally doesn’t give a fook. 10-15 years in jail and then set for life afterwards… please most of us will work the next 10-15 years and won’t have enough to retire. He’s a complete dik and knows he set for life
He seems like he is autistic, and I wonder if he was taken advantage of by bigger people, and he is the one who will take the fall. Ultimately, he is not innocent, but I think the story is deeper and bigger than what is being presented here.
Thanks for keeping the comments on GMA, but step towards transparency when so many other networks close comment sections on videos like this.
it seems the word Like is equivalent to lying in english language
“He didn’t flinch from the tough questions” 😂😂😂😂
He just had a few mini strokes 😂
He just stuttered and stammered through them. Looked down and asked a question of a question.
more like he got Koed when ask about a siple yes or no, he is done if the Dems will let him sit for a trial