FTX Founder Faces 115 Years in Prison
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- čas přidán 3. 11. 2023
- Sam Bankman-Fried and his company FTX were once the stars of the crypto space but all was not as it seemed. After his fraud was uncovered, he was held up as everything wrong with the financial world. In this episode we cover the court case of SBF, where the money went and how his ex-girlfriend Caroline Ellison told all.
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People went to FTX because they were afraid of being screwed over by a bank. Yet in the end, they were still screwed over by a Bank-man.
They'll get your shekels one way or another
Lol
The logic of those people is mind-boggling.
Palpatine: “Ironic.”
@@My-cat-is-staring-at-you 100% true. If a bank loses your money, I believe you will see a portion of that money back as its the law. When _some guy on the internet_ loses your money, what happens?
I do not understand why everyone keep calling them kids? These are grown a*** adults and they are all in their 30s. These are not kids, they are not children🙄
Correct.
@@NoName-ur2vs thank you!! Just because they all look 19 years old, hey are not kids.!! And every time someone reports on this I wish they would stop calling them kids
And I do not understand why a millionaire was dating a hobgoblina
@@Michael-tk9ux LMAOOO
100% 👊✌️
The part about his dad whining about a $200k salary was very eye opening and also made me feel sick. Sam isn’t an anomaly. He comes from a family of people just like him.
jews
@@hyperboreanmustache There are lots of bad people in the world, of all faiths, religions and creeds.
We’re just generally pretty shitty as a species.
No need to single out any particular group.
@@hyperboreanmustacheNice bait
@@TPRM1 Yeah but its pretty concerning that so many multi milion scams and frauds are created by people with jewish background. I had also thought like you that bad people are from all faiths etc. but the more i look into financial frauds the more i discover a pattern of one religion and culture.
@@Cynsham That's true. Other thing is his parents are die hard lefties!
I didn't think Ellison could look worse, until I saw those courtroom drawings of her. Give the artist a premium!
It seems to me that his parents had a much deeper involvement than what we have seen so far. Also to consider; they are professors of ethics in business/finance yet didn't know what their son was doing? I don't buy it. There is no way there is no scumbaggery on their part.
They knew. The seed money came from them. He was just a bit better on the computers
They thought his son was smarter and could pull it off, they didn't expect he fucked it up so bad.
Stanford is probably protecting the professors. They don't want their reputation to plunge
Patrick Bet David found a paper SBF's mom wrote about not needing personal responsibility and instead when something goes wrong just trying to find out how to fix it instead of finding out who is to blame. Sounds like that lack of personal responsibility was well received by SBF.
$16 million dollar property in the Bahamas IN THEIR NAME.
That courtroom sketch artist wasn't flattering, they made Caroline look like a melting wax figurine. I love it.
Not to be mean but the drawings are pretty accurate to how she looks.
It must have been quite a task.
She looked pretty cute some years ago, but it seems she has changed a lot.
i mean she looks worse so they kinda did her a favor
The chosen people weren't chosen for their looks that's for sure.
One funny detail worth mentioning. This is from the Verge article on the trial.
“Cohen [SBF’s lawyer] said the prosecution was trying to make Bankman-Fried into a villain. He then showed the jury a number of photos that made Bankman-Fried look, well, bad: him hanging out with Bill Clinton and Tony Blair, lounging on a private jet, and at the Super Bowl with Katy Perry and Orlando Bloom. I don’t know why Cohen chose to remind us of these photos, but he did. Yes, the prosecution was painting an uncharitable picture of Bankman-Fried but there’s no need to reinforce it.”
😂😂😂😂😂😂😂😂😂
that photo with Bill Clinton was pretty cringe. He was dressed so unprofessionally
what a hand rub happy merchant type statement
If I were scammed out of that much money I wouldn't want to be alive anymore. I hardly wanted to be alive when Wells Fargo scammed me out of thousands many years ago and ruined my credit.
I have a background in legal philosophy - and after extensive consideration of the facts of the case, I have determined that Bankman-Fried only deserves 110 years in jail, and that 115 years would represent a gross, unjustified punitive penalty.
I think most of us could go along with that.
Thats exactly what a lawyer with a baggy suit would say. Hes lucky he didnt get 3 consecutive death penalties.
🤣@@antoniorenteria2896
He’ll probably get time off for good behaviour. I’d be surprised if he even served 95 years.
Makes a mockery of the so-called justice system.
LMAO - YOU ARE TOO FUNNY!
His mistake was stealing from rich people.
Steal from the poor and he would still be CEO and on the board of a few major banks.
You aren't wrong, but I wish you were.
He could've kept his con going for a bit longer, but the Binance CEO saw him as a direct competitor and decided to take him down.
A simple tweet by him brought down the house of cards.
Steal a little and they throw you in jail. Steal a lot and they make you king. He did not steal enough.
rich people + buying political influence too. Never f with people who have political influence. They must have ensured that all charges stuck unlike most of the other white collar criminals getting away with few years and few millions in fine.
true
That's the best laugh I've had for a while - his parents are Professors of Legal Ethics at Stanford Law. You couldn't make that up.
Teaching ethics has nothing to do with being ethical. It's just something you know a lot about.
@theobserver9131 Great point. It's like saying I lecture in palaeontology therefore I'm a dinosaur
Good cover I guess.
The best way to find a way around a system is to study it.
ofc it has anything to do.. but what you know at 13 years old..@@theobserver9131
Sam’s parents held their faces in their hands after the jury delivered its verdict most likely because they saw their own careers, and everything they used their lifetime to build, crumble before their very eyes.
lmao. you must not have kids. they saw their son losing his freedom forever. its that simple.
@@kosmique I’m not convinced they have an innocent relationship with their son. Recall the father complaining about getting only $200k for work done from his own son, SBF?
u said it like its true, how do u know they dont love him? in fact we dont know and dont care so stop making shit up
@@kosmique Well, its probably both their own son losing freedom, and its also that their own questionable businesses are gonna be scrutinized.
Those reactions were as calculated as SBF keeping his hair unkempt.
Shouldn't his parents be charged as co-conspirators? It seems they helped him do what he did and received $20 million+ themselves!
They will be charged and then delay trial for years until they are on deaths door. Then they will be given a pardon due to poor health.
Wouldn't be surprised if the Clinton's took them out beforehand.
@@SwishersweetcigariloLet me guess, they're Jews.
Society is so obsessed with money that no one questioned how a 30 year old amassed a 30B net worth in 2 years until it was too late.
I am very sure that a lot knows that he is corrupt but since they all benefit from him they didn't care.
Parents..Stanford law professors.
I wonder that, I feel they equate assets held by the company to it's worth.. When technically yes.. But if my property company owns 30 billion that's much better that a bank having 30 billion in deposits
Apparently no one questioned a billion dollar outfit using QuickBooks for accounting. Where were the auditors?
That's because they're also obsessed with youth and immediate success.
insane that his parents knew exactly what was going on and aren't going to prison for twice as long
Yeah the parents definitely knew this was illegal
(((Bankman-Fried))) (((Democrats)))
They guided him to do it. But it wasn’t their call to a full at so the crimes. It’s all his.
They don’t have any power. It’s all on him.
The eating must be good when u kickin it with Epstein Clinton and Biden. They haven't thrown anybody under the bus really, they know it will be better to shut up and get released later in like 5-10 years
I have subscribed to Coldfusion since a long time when there were not that many great documentry channels. Even after so many years Coldfusion excels. The way he writes a documentary with viewers in mind is just phenomenal. Keep doing this..
Love your voice and the material you present .... thank you!
It's crazy to me how often this sort of thing happens. A person is elevated to the status of "brilliant businessman" or "financial genius" or something to that effect, they are featured on the covers of magazines and on news programs, everyone is enamored with their wealth and success... and then it turns out that they are a giant fraud.
the unbeliebable thing is, he literally was everything he was made up to be. He was CEO of the largest crypto exchange worth billions. His frausd started only because that wasnt enough for him, he also wanted to be an investment genius and took the FTX money to speculate at the stock market but lost the money. And from the on, things spiraled out of control.
Because that what happens when society worship wealth and money. When people are so stupid that they automatically believe billionaires are the good guy and "they are rich so they must have worked hard and earned every single dime of their wealth", this situation is inevitable.
Elon what?
This is why i dont like or even have instagram or ticktok which content just glorified a wealth and status
@@saske822 I love thinking how I could be this guy. I can lose money just like him, it's easy!
Everyone said, before the trial, how incredible it was that he was fully incriminating himself on every podcast and interview that he could make an appearance on. The typical sign of an egomaniac and sociopath, thinks no matter what he did that it was either justified or not wrong. If he is not sentenced to life, the justice system needs to be overhauled.
I'm not saying SBF isn't smart, but I don't think he's half as smart as he thinks he is.
It's like serial killers, they all think they are the smartest guy in the room, and sometimes they are right. However the investigators hunt them for a living and experience counts.
SBF clearly thought he was smarter than his lawyers because the first thing they would have told him was to shut up.
Parallels with Madoff, Holmes, and Enron executives are not at all surprising. Psychopaths thinking it is somehow right to rip off and ruin their victims.
I haven't faced consequences yet so why stop?
-Sammy Bankrun Fraud
Egomaniac, a sociopath, or maybe just plain stupid.
When Bernie Madoff had been sentenced to 150 years in person for the $65 billion fraud, SBF should receive at least 75 years for his conviction of all seven charges.
The parents gave him credibility and profited off stolen money. They need to be locked up with their son
The court room sketch artist is the true hero of this whole story
He didn't hold back on the goblin princess that's for sure
@@pretzelboi64Caroline's drawing made the Mona Lisa look like a Instagram model.
The thing with Sam's hair wasn't that he kept himself looking like trash, it's that it was a deliberate calculated decision. It shows that Sam was the type of person who would plan his image out in order to fool the public into believing he was something he wasn't. And it wasn't just the hair, Sam deliberately exaggerated how often he was sleeping at work (even staging being caught sleeping on a beanbag chair), purposefully bought low-end cars and wore trash clothing all to create this elaborate persona of a stereotypical geek genius. I think it's very telling as to what kind of person goes through those lengths to fool people.
Total con man and a thief. I hope he goes to jail for a long time.
It's the exact same thing Boris Johnson does and that one's also on record. It's nothing new.
Bezos did it too when he was being interviewed in a honda accord when he was already a billionaire. These people are all human so of course they spend their money on luxury items. The difference between a normal person and a sociopath is that a normal person won't hide their wealth to give others a false illusion
It did work though. He duped venture capitalists, investment bankers, rich people because of the perceived novelty, "This guy's a crazy genius". Even fooled the ordinary people because of this time being perceived as being down to earth, " He wouldn't hurt a fly". It can be a legitimate marketing strategy. Celebrities do it all the time. Too bad it was used for fraud.
@@homiga1 you’re right about Boris. But Boris is also witty and charming, therefore he still has a lot of support that the charmless SBF doesn’t.
Excellent work, great video!
Please consider doing updates. I am curious to see who else gets convicted and what sentencing they receive.
Whoever they hired to do those courtroom drawings of Ellison...Give that person a raise cause those drawings are HILARIOUS.
Thanks for the summary. I hope his parents get charged with something too. They raised him to be like this, and then complained to him $250k wasn't enough for them so SBF gave them $20m. And they're ETHICS Professors. What a joke!
🎯🎯🎯🎯🎯🎯🎯🎯🎯💯💯💯
Not regular ethics...BUSINESS ethics.
Arresting parents for the decision of their 30yr old son simply because they raised him?
@@canesugar911
I agree with your "question" or rather, statement. What they did ,technically, may not be a crime, (raising him)but they should hold a portion of responsibility. It's when they actively participated in their son's crime that makes them, at the very least, accomplises.
Ethics for thee not for me. Check out their origins, and you'll understand. On the the top of it, they are hard core lefties!
The parents teached ethics. You couldn't get away with making this up, it would seem too unbelievable.
It is very typical behavior from the tribe
Ethics is right and wrong. Taking money from idiots and donating it charity is right. They didn't go against ethics, they just failed stupidly.
Ethics is all subjective bs anyway
*taught
Yeah, and his name is basically bankman fraud. Too perfect!
Good video. Been a currency trader for well over 20 years and knew SBF wasn't on the level. I'm not sure this type stuff keeps taking people by surprise.
on another note, i’m interested in whether his parents will be found to have anything to do with it
They called him "Bankman". You could say they had something to do with it.
Patrick Boyle has a great video "How Involved Were SBF's Parents?". Spoiler alert - very involved!
There is no way in hell they didn't know.
I mean, they're compliance lawyers and If they didn't think "Hey, maybe we should make sure our son is following the rules" Then they are either bad at their jobs, or it was deliberate.
Both parents had something to do with it via their connections I bet. Sbf and Ellison are not intelligent nor capable of their roles
They are too connected
If it was a "family business" then they should all serve a family sentence.
Rico
Always appreciate your uploads 💖
Great cover on sbf case. Congrats on the job done.
I remember when I first heard about SBF many years ago, a friend told me a story about a "crypto billionaire who only wanted to get rich to give it all away"
... I remember distinctly that I immediately said "No way. He's full of shit. No one does that."
That friend argued with me that he had the best reputation in crypto and I stuck with my initial impression: "Sounds like bull shit to me, scammer, guaranteed."
Funny how vindicated I feel all this time later.
@reprovedcandy smart logic always prevails
Real lessons right there: Never underestimate the depths of human greed, depravity and hubris
Give how much of crypto and NFT that has just been pure scams, that's kinda like saying that someone has the best reputation amongst people on the registered sex offender list.
Did you friend "invest" with him?
This is kind of scary not only because of how many people SBF not only convinced he was a normal businessman, but also the J.P. Morgan of the 21st century.
Ironic... he had the book thrown at him with crypto..
Yet no banker ever charged for 2008.
That's the sad irony. "Legitimate" banks (bankers) are allowed to get way with their bad and costly risks, and you and I pay for them.
Because he isn't part of the club.
2008 was heavily due to sub-prime lending in regards to housing. Politicians, urged by ‘racial equity’ that people of colour were not buying homes due to racism and prejudice, forced banks to lend money to people I wouldn’t loan 20 bucks to. And why wouldn’t banks do that if they are backed by the govt? Well it lead to the infamous housing market bubble that tanked the economy.
What I DO blame the banksters for are using TARP funds for extravagant CEO payouts and golden parachutes. But blaming the banks for 2008 is like blaming the construction of a home for the fire instead of the arsonist
@@PassengersMusic777 the Dems supported it to aid a key voting block and the Reps did it because home owners tend to vote more conservative.
There was a banker who was charged. A single man if I remember correctly. Just a low level guy who was dumb enough to admit wrongdoing in a pretty minor way.
One small step, but thank you for the coverage.
Thanks!
i just wanna thank you dagogo for all your amazing videos throughout this drama. without it i wouldn't have a clue or an inkling of interest about what happened here and its wider implications. keep up the great work!
No
DaGoGoooooooooooooooo!!
Great work dogogo
You are welcome, thanks for watching
Why?
Sam's parents should be put on trial as well given how much they participated in and benefitted from the corruption at FTX and theft of client's money.
This.
Many Congress members should be on trial also. Congress is for sale.
Well summed up. Thanks for the video.
The unspoken concern for me is all the high value investors & media organisations that did no due diligence or in depth enquiry, but rather took him at his word & stopped there. SBF is yet another symptom of this ongoing problem.
Lie blackrock
Another great, Coldfusion. You really construct your content very well. Thanks.
I hope SBF’s parents also gets charged. His father’s emails about wanting more money from FTX is nauseating to read.
Yeah that's probably why they were sad- they know they're next
What about democrats using him for donations whilr at the sam time turning a blind eye to what he was doing?
His threats to bring Mommy into the loop🤣🤣🤣
@@DaRealKing303lol he donated equal accounts to both parties.
@@williamwchuang FALSE
“SBF was seen as the most responsible man in crypto. For now he’s the most famous criminal” what a plot twist. eagerly waiting for the movie
The court Artist impression of Caroline is a crime in itself.
She knew the assignment.
I just wonder how these folks thought they'd get away with it.
Sam's parents should also face their own trial.
They’ll be left broke after clawbacks and reputations destroyed
Sam’s girlfriend is equally responsible and is the most beneficiary of FTX.
totally agree; but they are inner circle J so probably will find the way to be protected
Good rule of thumb for these people,
The more effort they put into looking humble or honest, the more likely they are to get exposed as corrupt
Next in line is Charlie Jarvis love to see you also cover her other way of greediness
love putting the music at the end
Thanks for updating us, man. You're just immensely valued by some of us. My heart and face light up whenever you upload something new.
Mine too!!! If only school could be this interesting 👍
Such a satisfying conclusion to this whole SBF saga.
It's far from over. It's all connected.
Hi second trial will be interesting, given the personalities involved.
A criminal defense lawyer (Bruce Rivers) talked about his case a pointed out how many different aggravating factors he has and it’s likely due to that he will be looking at most if not all the years he is sentenced too.
Dagogo man it's so amazing to see how much this channel has grown over the years. From ColdfusTion to ColdFusion, and millions of subscribers later, you are still putting out amazing videos! Congratulations on all your success and wish you many more for years to come! Great work as always!
He’s also the first person I’ve heard use the term “2020s”.
I just thought it was worth noting, somewhere, and your comment seemed vaguely apropos.
The people who took SBF money in politics should have to give to the victim's fund.
That's funny
Yeah right... give it back lol that money is the reason Sam won't get a year in prison.
Hunter is still walking around free.
Nah, they should give it to me, I want to start another exchange to fuck Binance, filling the gap.
@@davidhynes And so is Gatherer
Those court room illustrations of him are hilarious
The court sketches though 😂😂😂
The difference between their courtroom sketches are hilarious
I sincerely hope he gets the full 115 years. I also hope that there is a side investigation into his parents who were clearly involved, knew what was going on and on the take. I feel awful for all of the investors who watched their money go up in a puff of smoke.
115 years is getting off light. I'd also like to see that spread around a bit. How does a man like SBF commit such a massive fraud? With LOTS of help.
Looking at people like him and Madoff or even Elizabeth Holmes it's amazing people trusted them with their money
Dude it all looks fine until it isn't. I wouldn't be surprised if Tesla is the next FTX. Or it was FTX some years ago. Whatever happened to CyberTruck. So you can't blame people.
You're talking out of 20/20 hindsight. I was never a customer of FTX because I didn't like their UI nor how their customer service responded to me, but nothing seemed really wrong. All the stories about them being involved in politics were public while FTX was still operating. Lots of people I know didn't like him and were starting to pull their FTX accounts.
They were operating based on things they were actively hiding and everything seemed dandy on the outside. Really no one knew what went on, until the Bloomberg and Coindesk articles.
That is so easy to say in retrospect!
How about you name three “obvious” conmen who haven’t been caught yet and are currently taking people’s money.
@mazdarati2 I mean people like madoff SBF and even epstein all have that common trait.
@@HistaogramHuge difference. FTX straight up stole money. Holmes never had the product. Just because the cyber truck isn't ready doesn't mean Tesla is committing fraud. Look at how many products have failed for Google.
Sentenced to 115 years in prison? The best news I’ve heard all day today! 👏🏻
We need a movie for this
Having once had some legal problems that landed me in jail, i cannot overstate how important it is to keep your mouth shut. Even if you are sure you didn't do anything wrong, keep quiet.
Instructions unclear, I'm doing an interview with Tiffany Fong.
_quiet_
@@mvpfocus Busted again. This time, it's the spelling police
They're everywhere these days. @@AcrylicGoblin
Absolutely. The trouble people have is, most of us are so uncomfortable with silence, we’ll talk just to fill that silence.
The police know this.
The only words that leave your lips should be, “No comment, Officer”, “Am I under arrest?” and “Lawyer.”
Edit: Also, the police will ask you composite questions, to trick you.
“You haven’t got anything in here you shouldn’t have, have you? And you don’t mind if I have a look?”
Most people: “No.”
Correct answer: “No, and yes.”
the only ethical position is that we shouldn't let Stanford Law Profs breed.
Legal Ethics professors at that. An oxymoron in itself.
cool it with the anti-semitism
Lawyers are taught to lie bankers are taught to steal
Looks like a certain ethnicity
@@SurfbyShootin spot the incel
Thank you for changing the title
Thanks for summarizing this exciting update. It’s only a shame that more aren’t going to jail immediately, and that so many other fraudulent manipulators get away with worse.
Very impressive analysis and production - on SUCH a short timeline Dagogo!
You're incredible. The Sam Bankman Fried story will go down in history. This episode will see 10 million views!
The prosecution used: EVIDENCE!
It’s SUPER EFFECTIVE!
Your background music is addictive lol
everyone involved in this huge scam should be arrested
Literally the only reason to pick Caroline Ellison as a girlfriend when you're worth billions is because you presume she'll be ride-or-die loyal. He would have been better off keeping a top-tier escort on retainer because at least he wouldn't have to look at Ellison's not-sure-if-12-or-62 face before she sold him out.
Bro 🤣
❤ Dagogo's work. Thanks for the update.
very nice videos
When is Alison's trial
I believe his father is a tax professor, while his mother is the "ethics" professor.
Even his ex-girlfriend and her parents need to be jailed
I didn’t know about his parents’ involvement. I hope they feel very guilty. Their greed is in part responsible for where their son is today.
How come when two people are equally guilty in almost every way, the women gets to be the witness and then can disappear into obscurity, but the man is judged and punished with extreme prejudice? 💀
FTX and Alameda would have existed without Ellison.
In this case I do believe she chose to cooperate early on, while SBF was still trying to convince people that liquidity problem will be sorted out as soon as possible..
Huge respect for calling the 31 be year old manchild what he is
a vile greedy jew?
Thank you for explaining this!❤
I can understand how some people are manipulated into falling for these scams,i will never understand how people fell for sbf and the people around him.
A little scraping of the surface would have told you they were at best clueless.
Thank God they got him I was worried that he would get away with it because he knew people in government and leadership positions
The ones that want their money back are the same ones that say "It's only money" to others, when others have lost it.
Thank you for your work
Proud of noble businessmen such as Madoff and Sam Bank-fried. They make America so proud!
His dad is not a legal ethics prof, but a prof of tax (evasion) law.
With parents like Joseph and Barbara, it's not too surprising that Sam would end up engaging in a criminal enterprise.
I keep hearing this but umm what was their criminal history prior to ftx? Seems more like a chicken and egg. He was already up to no good and they got involved and did much more "no good". Certainly never gonna win parents of the year but this idea that they're wholly responsible just doesn't vibe with me. He's a crappy person, they're crappy people. Some are where they belong and I hope that others get what they should too
oy vey!
@@celozzip shekels shekels shekels
The politicians and the celebrities should return the money they received. They were paid from other people's money.
Agreed but they’re not gonna 😩😩😩
One could say the investors did actually invest in the coke of these celebrities and politicians.
That's like saying a plumber who did all the work on a house should return all the money he was paid because he was paid with stolen money..
It could be argued that promoting FTX damaged celebrities reputations, and those celebrities could sue for more....
@@unarmedblackguyA plumber who does physical work creating or repairing a thing in the company is arguably quite different from:
1) A celebrity paid to just gush compliments and recommendations for a company, directly instructing their followers to support that company.
2) A politician paid to favor a company or look the other way when nefarious things happen.
Some reasonable degree of empathy can go toward #1 because they might have no idea, but you'd have to make a legal case for why all that illicitly paid money should stay with them. Product endorsement isn't the most legitimate-feeling labor (a celebrity could yap favorably about Soylent Green after making no effort to know what they're endorsing). I have no empathy for politicians who took the money to look the other way and pour favor on a dirty company: if they don't give that money back, it should ruin them. Maybe should ruin them even if they do pay back. I don't care about political sides etc -- this is a straight attempt at bribery and our politics shouldn't tolerate it.
This is all different from a plumber who was paid to fix the sink. He's not inherently endorsing or favoring the company by unclogging a pipe in its bathroom. The celebrity and politician ARE endorsing that company and its actions. By endorsing the company and getting paid to do so, they're tying themselves pretty closely to its actions.
They're not plumbers. They're not uninvolved.
Fine, I watch it. No need to change the title anymore 🤣
I love those court sketches. So caricatural, yet so similar to the originala.
This scam artist should never get out of prison, and anyone who believed in this guy should be REMOVED from whatever position they hold.
That’s a bit much.
SBF and his so called girlfriend are merely patsy’s, think bigger. Way bigger.
Put him in the same cell with Elizabeth Holmes, Abraham Shafi, Charlie Javice and Trevor Milton.
like elon musk always pushing his crypto scams.
If you can get punished for believing in somebody who is fake... well half the world is believing in a fake omnipotent being. Will you punish them as well?
Why both of his parents are not in jail???
SBF, his parents and CE are all members of the Tiny Hat Tribe
Based and redpilled
115 years is a ridiculous sentence especially for a non violent crime.
I told that M*F in my job interview, you will get caught better be prepared to exit when you can . He fired me with 3 min of hiring me caused I did not believe in FTX 😂
Lol.
Right?
Great work covering this as usual, love this channel
With that level of fraud 115 thousand years in prison seems more legit.
Pls don’t click bait by replacing “facing up to 115 years” with “facing 115” years, those are VERY different things
They should arrest his parents.
Surrounded by sycophants before Nov 2022:
"Well, crypto offers investors a chance to raise their finances without much fear of..."
Oct 2023 in front of prosecutors:
"Dunno. Forget. Yep. Ya. No"
Crypto and NFT only rise due to covid, when government's incompetence truly shined. I remember it's a thing to distrust government then (not that its anything different now, it's just more tame), and then the distrust is aimed towards banks because some countries limit the amount of money the citizens can withdrawn.
People think if they put their money in crypto, they can invest their money and also safer than banks. Especially when bitcoin rise like crazy back then.
I saw him once in a on-court interview in a Miami Heat game and knew then something is going to happen here.
The ones who called him “the next Warren Buffett” are the same people who called Elizabeth Holmes “the next Steve Jobs”.