"The Wolf of Wall Street" Jordan Belfort joined"Maria Bartiromo's Wall Street" to discuss the fallout from the collapse of FTX and scrutiny facing A-list celebrities and the SEC chair.Tuesday that the company served as founder Sam Bankman-Fried's personal "fiefdom," reaching $40 billion in market cap as of January before crashing in recent weeks to its current valuation of around $422 million.
Sam Bankman-Fried, founder and chief executive officer of FTX, speaks during an interview on"Bloomberg Wealth with David Rubenstein" in New York on Aug 17, 2022. In a hypothetical scenario, imagine someone owns every house in a 100-home neighborhood and forces the sale of one home for $1 million, then uses that sale to show they have $100 million in "equity." But then, the owner is forced to sell all the remaining 99 homes, and the houses only sell for $100,000 each – meaning $90 million of their so-called equity disappears.that is exactly what Bankman-Fried did with his FTT tokens, since he controlled the float.
Crook cvpayne
This is a lesson that the digital dollar will get hacked too. And don't think it won't.
Dems should be returning money he gave them or they should be held as accomplice
And you all bought in to it. Wolves leading the sheep to slaughter.
Jail jail jail. If that were you and me we wouldn’t be praised and advertised we’d be in jail jail jail. Sick of this kid. Playing with peoples emotions and money. I wouldn’t want to be you once the mob finds out how much they really lost. No worse then Madoff
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Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal LetterFormer FTX CEO Bankman-Fried did not address concerns about customer funds being misappropriated or other recent revelations about the company. FTX_Official SBF_FTX nikhileshde Too Little, Too Late ⏰ FTX_Official SBF_FTX nikhileshde Apologies do not solve the fundamental problem FTX_Official SBF_FTX nikhileshde Too late 😪
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