FTX: the legend of Sam Bankman-Fried | FT Film 

Bingo! Scam Bull$hit Fraudster = SBF

Should be myth instead of legend.

Sam Bankman Fraud

Забавно что в современном обществе возвышают мошенников.

Fraudster. MSM calling him a legend is a joke.

Idk what media you digest because in my experience most traditional finance leaders explicitly call alt coins a scam

@@user-yl8mj8gd9j there have been literally hundreds of rug pulls in this industry.

@@user-yl8mj8gd9j i made it. your bias is evident

@@user-yl8mj8gd9j or: 3 times as many schemes that are still yet to collapse

Because its a system how to get everyones money 😂

Yeah, the double standards are ridiculous here. SBF makes a million bucks through arbitrage: "OMG this curly haired dude is a genius!" SBF scams people out of billions and billions: "OMG he's only a child! Who amongst us..."

Exactly! He gave bribes to the democrats. This was an intentional heist, with paying off the most powerful political figures in the US. I get the impression FT have also been payed for a bleeding heart coverage.

Jewish kids, I may add. Had it been a bunch of equally aged young blacks or even Eastern-Europeans, that would have been another matter.

It also adds to the disservice like somehow older people can't do horrible scams. For example, John Madoff in the traditional finance markets. Or Trump with all of his fundraising that only goes into his pockets and never to any of the actual stuff he promises. Age is no boundary for hucksters.

They are not kids, but they sure are bafflingly immature. They certainly behave like kids. I think that's what was meant by 'no adults in the room'.

To me, the most important lesson of 2022 in the stock market is that no one knows what will happen next, so practise some humility and stick to a long-term strategy.

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Fake bot scammer thread

point on

The entire show was produced to help sbf case.

I think they mean maturity-wise. These adults sure behaved like stupid babies.

Their attorneys are trying to paint them as goofy kids and and society was negligent for letting them have so much power.

even if they were in their sixties, if they were carrying on like idiots we say "there were no adults in the room" because that's a saying we have in english. glad i could help.

I didn't type gifted. I typed grifter.

I agree with Warren Buffet, who refers to crypto as "rat poison." I get putting maybe 5% in crypto just for fun, but people that have their retirements riding on this stuff are seriously misguided.

alot of his shills think he is a legend like Kevin O'Leary

the whole point was to scare average person away from crypto. You fell for it

Same. Its like buying a lottery ticket to me.

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

Hammer on the nail mate, I barely made anything from the market, always FUD at every little dip until a friend that works at Charles Schwab corporation recommended a F.A that improved my portfolio from $98k to $547k in 5 months.

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

Google his name⤵

The next one will be: FTX: Life Behind Bars - Bankman-Fried marries his cell mate Bubba |

​@@rockscousteau☠☠☠

💯

he was arrested before the twitter spaces yet the twitter spaces is why he got arrested?

😂😂

Dunning Kruger effect . And I asunder she teaches some sort of course overpriced university course SMH.

The phrase " expert on crypto" only makes sense to people ruled by emotions. There's no dry numbers and statistics that can prove something with no true value, that only goes up or down based on sentiment alone, have any expertise required at all. All individuals who convince themselves otherwise are a danger to themselves and others exposed to them.

Michele Obama comes into mind

Ole Sam here was also donating money to media outlets. I can’t seem to find which ones but he says it in his 72 minute segment with Andrew Sorkin at whatever conference that was after he was outed

sounds like you're using hate speech to be anti-white

Oh absolutely, I watched a video on the Tulip Mania🌷

Krypton market?

That’s literally every advisors advice or if you ask anyone that deals in markets, crypto or the regular stock market.

Yet another example just now... Silicon Valley and Silvergate.

let them lose money, greed meets greed so what?

The whole point of crypto is that they don't want regulatory oversight. Oh, apart from when they lose money, then they want lots of regulation after all. Privatise gains, socialise losses - it's the American Way, isn't it?

@@ryanjaxon4177Thanks, I'll most definitely ensure to do that.

Her management team is quite impressive so far.. with my $4,000 deposit i've made over $28,000 with just 20% charges.

@@huongcarmel1240these people are promoting a scam, do not contact anyone from RU-vid contacts

Bernie Madoff. Bernie Cornfeld

😂😂😂

You should stop listening to what people tell you to do and do your own homework. Greed makes us LAZY!

@@jonathanchester5916 You may have missed the joke.

Lost a few bucks there bud ?

I didn't catch that one! It is excellent. Nerds are so attractive!!

😂😂😂😂

I caught that as well 😂😂😂

It should be defrauding the world thru sheet nerdery...😊

so very true

QUOTE I think it’s fairly well accepted that it wasn’t so much that Sam was considered a legend UNQUOTE in hindsight you are correct but at the time he was the worlds richest man under 30 and was on the front cover of Forbes and on and on if that's not considered a `legend` what is?

@@steve.k4735 yup!

@@steve.k4735 he was a scammer... lol are u people nuts? He scammed people out of billions of dollars

@@krazythedomm of course he was a scammer and do you 🤔 think he did that by either 1. Convincing people he was a legendary crypto genius or 2. That he was a scammer.. Eh?.. At the time without hindsite bias people thought him LEGENDARY that was the bloody scam, people claiming 'everybody' knew he was not are bloody idiots

Detailed? Notice how it dosnt cover his democrat party ties, his ties to the Biden campaign or his media ties, or how he spend billions of $ on media and buying politicians. Thats the real scandal. This "documentary" is another political cover up, he was second biggest Biden donor, he also spend 1,5$ billion on buying positive coverage in media, yet not once this joke of a video name those media sites by name, why?

Agree. Scam Bankman Fraud need to go to prison Loooong time😂

these megalomaniac kidz will have their big surprise.............

Sam and the rest of the ftx/ar crew are in their late 20s, they are not kids, but using language that paints them as kids only helps seem more naive than they actually are

@@jorgebenavente9872 yeah, nobody literally thinks he's a kid, but, do go on.

Hopefully he is locked up so long he farts dust

But that's the thing, they do. If you hear them talk about Sam, he is often described in terms of youth; not only that, white collar crimes are scams the only wealthier people, which in reality the poorest among Sam's victims are going to get the least. These two things combined, ignore the most hurt and soften the punishment

🤣🤣🤣 so true....🤣ha ha hahahahahahah

Right!

and another and another...

You are so right.

Exactly. Put your crypto in a cold wallet.

Bought my first hardware wallet the day ftx collapsed, didn't have any money on it but well better safe than sorry

Snap! Crying in his Maserati 😁

But his wife is still very supportive.....

@@davidjma7226 😂

It explains his financial decisions.

Might not be a food bank in his future but i see potato mash gruel on his breakfast tray for several years. If bubba lets him eat it.

Due diligence is literally to avoid investing in frauds, so yes it was a failure of due diligence 100%. Their accounting system was Excel…. Basic DD would have revealed all of this.

Same thing is occurring right now with tether stable coin

It was absolutely a failure of DD. Yes it was a fraud but the most minimal of DD of their operations would have revealed the issues. FTX was using quick books for their accounting. Quick books is a system for a small business not for a fund valued at $32B and managing $1B+ of funds. His pitch documents to raise funds presented the financials to investors were disorganized excel spreadsheets that were poorly labeled. They had no in house accounting department, no formal record keeping, we’re exchanging invoices on a work chat app, we’re transferring funds through signal, and the list goes on. Any sophisticated investor who did any kind of digging to see these things would immediately know it was a bad investment at minimum. The lack of audited financials when you’re raising money at billion dollar valuations would tip off any sophisticated investor who gave a damn about DD. Or even the fact they had no corporate governance process etc. Sure it was fraud but there was genuinely no possibility a sophisticated investor would have seen the way they ran their shop and not had concerns about things. At least frauds like Enron actually had bookkeeping that you could understand someone not seeing the fraud in - especially with a big four accounting firm signing off on their books. With FTX it genuinely wouldn’t be possible to have not been concerned if you saw their process if you were truly conducting DD.

those words dont mean what you think they mean but go off i guess

@@ZazzriWhose due diligence? mine as a FTX customer? there was no way to know any of this. FTX investors? again, without a fly on the wall at FTX headquarters, there would be no way to know how bad their private accounts were. I mean... investors probably should've taken one look at SBF and thought "this dude is not suitable to run a multi-billion dollar company", but the financial accounting stuff was all obscured from investors and the public, that's why it's a fraud and nothing to do with due dilligence.

Not to.mention the parade of financial " experts " who suddenly realised that FTX was a scam. Funny they never mentioned it before ??

Crypto generally

Hahahaha! Good for you! Hmm - it turned out FTX and getting free money *was* too good to be true. Who knew?

yeah that's right l recommend his trading services for you, his strategies !s working for me at the moment

Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how bitcoin market works.

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kuciajacob VlA Te le gr amm…

Inshallah

sounds like you've been listening to whitney webb friend? nice to hear someone else aware that there's a lottttt of evidence on the public record against these people, if only we had a branch of investigation to look at this evidence and present it to the public......... still waiting for you journalism, the public record is looking pretty ready to be investigated.... yep, any decade now....

I agree 100%. Hes the biggest conman this planet has ever seen. The semi trucks may as well have a matter tranfer beam, time machine and a tardis all built in. The physics are the same. Dont get me started on his tunnels under the cities for cars to go round on little trains. Who falls for this stuff?

Elon is not a con… he has tangible results and products that can’t be faked. Tesla is the Apple of EVs. Sam was an outright fraud.

😂😂😂😂😂

He really never had a track record of strong trading. His profitable trades weren’t too trade picks he was just using the kinks in the system to profit and once that strategy died off his hedge fund started bleeding. All his acquisitions were pumped by the inflated values of his coin. He may have been smart but all his success was either taking advantage of system inefficiency or smoke and mirrors.

Bruh hes got enough, you didnt need to roast him ☠

Peter Singer is in no way shape or or orm the most influential living philosopher. He's a wacko.

All prosecutable.

An important difference indeed. One is totally valueless except to people who give it an imaginary value whereas the other is totally valueless except to people who give it an imaginary value.

👍👍 !

His HQ should have been hidden under a volcano in the Caribbean And defended by hundreds of guards in boiler suits. ". Good Evening Mr Bond . So...we meet at last "

True... The German porn bank that 'disappeared' 20 billion euros right before lockdown video was top notch investigative journalism too.

The FT has been cool for a longtime now it’s just cooler.

So Sam is a bad man?

They want that RU-vid money.

@@michael-4k4000 I'm gonna go with yes. Repeat after me: I don't like being lied to. Now erase that. B/c Truth is,nobody actually enjoys being lied to. & this sam guy lied about all knowledge of his involvement & is still lying b/c he actually believes he's getting away with it b/c he'll always have his parents blessing. & isn't that nice. I'm just embracing these libra ♎️ new moon eclipse vibes & what I've learned from blind lady justice holding the scales ⚖️ is that number one people on these comments don't understand the full meaning of legend, yes this case is going down in history thus making him alegend..& two.. people who study psychology & the calculated actions of "bad men" can see there's only a textbook criminal here. There's nothing "new", nothing "different" about him but you can't tell him that! &He thinks by talking to the press & apologizing he's gaining folks sympathy. But really he's probably making money (his Achilles heel) from those innerviews& he's just recycling the same jargon on each one & never being honest. Just likea kil er that never admits the horrible things either.. I mean it's completely left 2 u, to not ask other ppL the beliefs you conclude to believe (Halloween month= everyone loves a bad guy) but I'm just here to say it's pretty obvious he's never taken a lesson from that altruism class that he didn't try to manipulate though iDont consider him a terrible person in the long scheme of things, as iView him more of an example to refer to in the future. This is a timely "legend" people in finance can & ultimately WILL learn from & build better foundations on if they so choose to invest their sympathy for the victims & compassion for justice in this. But my bet would be a light slap on the wrist although it feels slightly plutonian //groundbreaking)seeing as there's no quote gov 't involvement yet here it could surprise us & that's why I'll keep my 👀 on this .!

Lol yes 🤣🤣

true 😁 honest artwork^^

So how come she didn't reveal all this BEFORE ???

I'm afraid that's not right. Not only traders lost Money. Also, ordinary people who were buying crypto for long-term hold lost money.

I use to sleep on a bean bag until FTX collapsed. Now I sleep on the sidewalk.

I wonder if his radical-left parents give him an allowance.