O'Shares' Kevin O'Leary weighs in on FTX

O'Shares Investments' Kevin O'Leary joins the traders to discuss the latest news from the FTX bankruptcy and the arrest of Sam Bankman-Fried. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Michael Contopoulos and Guy Adami. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/Subscri...
» Subscribe to CNBC: cnb.cx/Subscri...
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
www.cnbc.com/s...
#CNBC
#CNBCTV

[@huseyinkuzucu5308]

I lost respect for O'leary. How the hell does he not see the company went bankrupt due to fraud and over leveraging FTX clients funds on Alameda. Blaming Binance is hilarious and stupid.

[@juneribaldi7093]

Yep

[@ThePervertedHymns]

Um, because he's lying?

[@boarhog1979]

It is a moral argument. Binance are not exactly reputable and certainly have zero ethics

[@Bear_Arms]

@@boarhog1979 you have no evidence for that.

[@Matt-bg5wg]

Kevin was paid $15 million (that we know about) from FTX to be a spokesman. This is him being a spokesman.

[@SD-mg7np]

kevin has lost all street cred in the finance game

[@thomasscott1570]

a lot of connections dissapeared

[@n0us3rn4m3s4v41l4bl3]

He had some to begin with?

[@steveochremchuk7143]

Ya him and sb fraud can share a cell

[@raphaledaniel542]

Enough to try to block Binance from growing their business in other jurisdictions??

[@n0us3rn4m3s4v41l4bl3]

@@raphaledaniel542 yeah it's my competitors fault for offering lower prices, exposed my fraud. Where is congress when u need them?

[@mikem3789]

Kevin wasn’t a ‘true investor’. He used the house’s money. SBF paid him $15 million to run cover for this criminal scam. Give us all a break.

[@alpha-male1959]

I tried making the same comment but KZbin shadow banned Also..I guess he wasn’t paid by binance

[@tanthonie]

2 billion went to coin buy-backs…. O wait maybe it was 3 billion…Sammy Boy belongs in prison …

[@mysticjedi6730]

He allocated 5 percent of his portfolio to crypto crap.. now he has an incentive to pump it up... he is down big time on his crypto holdings... he let me down big time drinking coolaid on crypto...

[@STOPPOLICECORRUPTION]

Plus 3 million for taxes on that 15. But Sam pumped him up and he got nothing. Amazing how he was against crypto and has been blinded by it. I think he's in denial.

[@sattoriemei3210]

Most likely that $15 million paid to Kevin was from investor funds so Kevin will need to pay that back if SBF is found guilty.

[@frankpierce6505]

I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now.

[@zoeynora1229]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

[@tonyrichards1476]

Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

[@jessicasarah7285]

the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

[@rileylayla9172]

Wow I know Mrs Naomi and I have also been trading with her, She's such an amazing woman with good skills and keeps me happy all week knowing I earn 15thousand extra income weely trading with her.

[@quinnnevaeh4338]

yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.

[@j.burgess4459]

The more Kevin tries to cover up for Bankman Fried, the more you have to ask yourself whether he was also complicit in the fraud?

[@bilw1960]

Kevin still speaks like he knows what he's talking about. Amazing.

[@leemorrison1700]

That's what he acts like

[@ThePervertedHymns]

He knows what he's talking about, he's just lying to cover his own a$$ because he is totally screwed

[@grenachegirl]

Totally, he keeps spinning all the lies and can't keep track of them. He goes on One show says one thing goes on another show says another thing. Yeah,... Investigate him!!!!!

[@kentdavis7279]

Kevin O’Leary talks a big story, but he’s a loser on FTX big time. Totally lost what little credibility he had with me. He’s was paid $15 million from FTX, a paid spokesman. Hope that gets clawed back and he gets fired from CNBC.

[@aamayacurryman1419]

Yeah he's a con man

[@amcacertified2038]

Kevin once said "I haven't told a lie of any kind in over 35 years." I knew that moment he was a liar.

[@malervik4176]

Lied about the boat accident and FTX...he is fake news

[@123cbman]

Someone should add audio in the vide saying: It was at this moment he knew he fu**ked up.

[@pe6921]

He's a conceded, self-promoting idiot...such a phony.

[@SebastiaanVaz]

That means you already knew he was a liar so your statement doesn't make sense :)

[@kriscampbell2327]

I totally agree. I pride myself on being honest, studying Buddhist and Christian principles of " thou shalt not steal" and earning my money "by right livelihood". But in being honest. With myself I realize that there are subtler and subtler ways in which to be dishonest. Everyone lies. If someone brags they haven't told a lie in 35 years, that is a big lie.

[@Nighthawk-8050]

I think it's time for Kevin O'Leary and CNBC to go on their own separate ways I really think it's for the best

[@none_the_less]

I think so too, he is digging himself further down.

[@S62r]

Yes they need to stop giving him a platform as CNBC is implicated in the FTX meltdown. They are just putting him on an apology tour to resuscitate his reputation while pretending to be grilling him.

[@MrChazz965]

What is he talking about? The new CEO of ftx says it’s embezzlement? Idiot.

[@S62r]

How was he a paid spokesperson but also not responsible for “putting an LP into it”??

[@rickybobby7276]

Yea this guy embarrassed himself. Now he is in front of congress embarrassing the entire finance industry.

[@FuzzyGreyPenguin]

He lost me at ‘Binance put FTX out of business’. It is not Binance’s fault that SBF misappropriated ALL his customer funds. Kevin is digging a bigger and bigger hole for himself. He doesn’t realize he’s actually ruining his own reputation with the ways he’s trying to ‘save’ it 🙄

[@EdwinMarchan10]

100% in synch "He lost me at ‘Binance put FTX out of business’. "

[@DT7w8]

Its obvious Binance is smarter than FTX you can see how Sam got played by the real M'Coy who saw the opportunity and made $2 or $3 billion over the buy back on their 20% stake may be $6 billion. Lets say that's where all of the cash went.

[@Andy43210]

I'm guessing you aren't aware of the Binance CEO, Changpeng Zhao's (aka: CZ), tweet which was made following the article that Coindesk put out about Alameda's balance sheet? CZ threw Alameda & FTX under the bus. Then, get this, CZ offered to buy out FTX shortly afterwards. Binance definitely played a part in the demise of FTX. I'm not supporting SBF or FTX either. The whole thing was a mess and needed exposing. But the way CZ went about it? He knew what he was doing. He (CZ) also recently paid for a sham audit and moved $2billion as part of it. I mean, nothing says "this is our account" like two billion USD, right? No auditor would ever ask for that. Watch this space, Binance will be next.

[@thefunexaminedlife1145]

@@DT7w8 I can't tell if you fully understand it and are joking throughout your whole post or if it's worth clarifying that the 2 billion pickup is inconsequential (and not 2 billion because the ftt tokens are worthless) compared to the value of putting an illegitimate "exchange" out of business. But, yes you are right that binance and CZ are far superior

[@Andy43210]

@@DT7w8 this didn't age well...

[@gabrielpaulo6817]

Creating another source of income in these difficult times is the best thing to do. Not only does it guarantee returns, it also helps you plan and save for future expenses. It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor.

[@lincolnburrows7392]

Does anyone here knows how to contact Mrs DorothyAnnHuntt? thank you.

[@iseulhangul3308]

Thank you, I have contacted her and she responded

[@selgierodriguez954]

Thanks to DorothyAnnHuntt i met her in the stock marketing aspect which is binary / forex trading and crypt0, with her results I strongly believe she will also be fine trading crypto she is registered with various regulatory bodies.

[@harinidasgupta4546]

When someone is straight forward at what he or she does peodple will always speak for them.

[@chengxiong3821]

Kevin has no shame. He was the brain behind the FTX scam and now he's trying to blame Binance. We are not deaf and blind, Kevin.

[@marym3355]

Good theory actually! There is something bigger behind

[@chengxiong3821]

@@marym3355 Kevin is nothing but a crook.

[@mbomba4415]

I don’t understand that either

[@chengxiong3821]

@@mbomba4415 Kevin along with SBF ran this pyramid scheme, FTX, and stole billions of dollars from innocent investors. Now that they're caught, he's trying to blame Binance for their crimes.

[@manzanasrojas6984]

He wasnt the brain behind it. He simply got paid 15million by FTX to be a spokesperson in public. Apparently in dire need of that money, as hes been doubling down on it for weeks now, possibly because he got paid by customer funds and doesnt want to give them back lmao

[@detnibul9361]

O'Leary is trying to save his reputation and is failing

[@nancylove8360]

He is a snake

[@ZidaneSteiner]

I can’t believe he would be this clueless. I would bet he’s bought and paid for. He had to say these things. Don’t forget the Clintons are involved.

[@ronbonora7872]

Kevin should be let go from Shark Tank. Kevin should be fired period!

[@giacomu1]

what reputation? stop watching TV and all this BS. They put SBF in CZ mouth from the day one. The big picture here is how to take down CZ and his Binance exchange. SBF it's just a piece of meat who is gonna ignite the fire. Don't you follow the narrative ? CZ put FTX out of business? How? The simple question is how? if i say that you have only 100$ in your bank account and i know that you need 1000$ by the end of the month to pay your bills. Pay the bills and prove me wrong. That's it. FTX should've said the same think about Binance, i guess it's too late for that now.

[@LivingLifeOutWest]

Kevin didn’t steal the money. SBF stole!

[@MangosInTrees]

This guy just won’t stop. It’s comical how much he’s ruining his reputation over this.

[@bjvu9460]

at this time, he has no choice but to defend the indefensible because it makes him look stupid. its like being caught in a lie, but, instead of admitting the defeat, you start telling more lies to try digging yourself out of the already uncovered truth. he always wanted to be the smartest guy in the room and now he has been exposed. now, what else do kevin do that has this sweetheart deal? hmmm, this is actually how the shark tank program is ran. they are paid x amount of money for their participation and in effect, have to quote unquote, invest their own money when they are already guaranteed to earn millions from the show. so, they get paid 10 million per season then turn around and claim to invest their own money into the companies which is a farce. all they are doing is taking some of the proceeds from the show and using it as an investment into the companies that comes on the show. this is what kevin did with ftx so the clown didnt lose any of his principal !

[@nosuchthing8]

He's hoping to claw back that 10m Sam owes him.

[@ST5S5]

He sounds like such an idiot trying to blame another company for the fraud ftx committed

[@kkulkulkan5472]

I think he was always a clown and didn’t have much of a reputation to begin with (other than perhaps being able to be bought or hired to say anything for $).

[@bubblesculptor]

"We don't need any more inquiries" sounds like something someone who really needs to be investigated would say.

[@stevenbergwin5074]

With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.

[@ericprunty3734]

@Brett Atkinson That right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by the financial advisor I use, so you don't necessarily need to be a perfect investor or do the hardworks, just have a professional guide you.

[@soloymi]

Scammers

[@vanhocwong6689]

Kevin should be charged as well. He is now deflecting for SBF. And investors should sue him for everything he has.

[@iamdanilo4955]

I AGREE 💯

[@oldcat87]

He is a fraudster and grifter

[@orangemanbad]

Then so should all the democrats that took this money to run their campaigns

[@kingofnara]

@@orangemanbad maybe they should but then so should the republicans that he also gave dark money too to run their campaigns and the money that FTX gave the republicans not thru Sam

[@orangemanbad]

@@kingofnara totally agree. But there is very little dark money in Republican campaigns. All the billionaires are democrats. And they clearly buy and sell democrat politicians. That’s why the Dems are a party of elites that are disgusted by hardworking Americans

[@rvanbeau2009]

Without spending $2 or $3 billion buying back shares the ponzi scheme could have kept on running longer is what Kevin is saying.

[@marcgriffo]

Yes! pulling in even more unsuspecting investors. Thank God it got exposed! although I am dreadfully sorry for anyone who lost money but, it was a ticking time bomb.

[@vanhocwong6689]

excellent point....yes SBF would continue scamming more people and Kevin would continue making more money

[@dineshmistry8902]

Absolutely well said... and Kevin would have continued collecting $15B the longer the ponzie setup carried on 🤓

[@ML1.0]

Thank you

[@Jay-xr3sb]

He was paid 15mil, cash. It was cash plus 1mil in ftt tokens. He used the ftx platform to invest/gamble 10mil, this is separate. A risk he took on various coins on a platform he did no diligence on. Turns out it was a fraud, he lost his 10mil, but came out above others as he took cash for plug ftx. He's acting innocent and attacking binance because they called out a ponzi/fraud? The 15mil is proceeds of crime, he has to pay it back by force.

[@sarahgriffiths9750]

Surely FTX put themselves out of business by using funds that were not theirs for illicit purposes.

[@mbomba4415]

Agree with you.I don’t understand why he is blaming Binance.If Ftx had customer funds they would still be fine.He seems to be protecting Sbf

[@thepapervigilante2208]

@@mbomba4415 because Binance should help giving back the money FTX payed to them at this point. Don’t you think that is necessary to refund the scammed people on FTX?

[@Grivier2]

@@thepapervigilante2208no

[@dgoullet1]

I can not believe this guy is still a contributor to this network

[@robertchong6313]

What a sleazy guy!

[@crumplezone1]

Wow CNBC have used this man for years and now his real character has come out and it stinks, way to go CNBC

[@JazzfireflyNZ]

Kevin is bluffing his heart out.

[@capricemadrid5353]

Scam Bankrupt-Fraud and Kevin O'Leary are perfect for eachother

[@joebudi5136]

He clearly was in on it.

[@shapursasan9019]

Kevin O’Liar

[@pencils812]

I love that.....scam bankrupt fraud.....

[@phantomcosmonaut9127]

Lmfao Scam Bankrupt-Fraud, I'm surprised I haven't seen this used

[@race2mars]

@@phantomcosmonaut9127 Same haha this is gold

[@MarkSmithhhh]

Lol binance may be unregulated but he did NOT put them out of business...binance simply sped up the inevitable

[@rickybobby7276]

Any all out run on any bank (even FDIC insured) will end the bank. Saying that you caused an all out run on a bank, and ended the bank means nothing about the bank that fell. The fact that FTX was poorly run doesn't really matter, because any coin or crypto firm can crash if there is a run in liquidating it. CZ is a piece of trash as big as SBF. Lol, did you see the supposed audit of Binance? It was a literal joke.

[@ST5S5]

Exactly. Binance didn’t make them commit fraud

[@md.mohaiminulislam9618]

if it was a individual or short selling hedge fund it wouldnt have been as sketchy, binance was a rival directly announced theyd plunge ftt token price to bottom. they knew what that would mean for ftx. all tokens are created from codes its value is good as market speculates it to be

[@kingofnara]

@@md.mohaiminulislam9618 still didn't make them commit fraud

[@md.mohaiminulislam9618]

@@kingofnara Thats another matter altogether which binance didnt know about, otherwise they wouldnt swoop in to buyout a company they helped bankrupt. They aimed for the homerun and it will now come to haunt them. The cards are out, regulators are gonna come hard in this industry.

[@cfwin1776]

The main issue was that SBF stole customer money, not assets lost values due to the bank run triggered by Binance. Kevin O’Leary is trying to defend SBF because they are both guilty of conspiracy. Defending SBF is same as defending himself.

[@nosuchthing8]

Excellent post

[@DrewEatsShit]

How do we know O Leary is guilty of conspiracy? Asking out of interest. Clearly we know neither individual has gone through the whole rigamarole, though Sam does LOOK more guilty

[@rees1785]

everyone is giving sam way to much credit for this, he really actually isnt that smart.... it was CZ... CZ is the one that essentially did an inside hostile taking over by buying and selling great portions of majority token holdings.

[@d7seven]

Wrong

[@d7seven]

@@DrewEatsShit people are quick to pass judgement because the Algorithm is controlling how they think

[@smaragdplein]

What was wrong was that Binance confronted FTX with their scam and demanded their money back or they would otherwise out them. Kevin is making up a story to clear himself while he knows he made this fraud possible.

[@ricardoams]

He is the 'smart' money we're told about.

[@arbitrader893]

Investor? He invested no money , he lost what they paid him to pump it up.

[@Gump-tion]

No, he's net positive on this. FTX paid O'Leary $15M. He lost roughly $11M on FTX investments. He still walked away with a few million after playing with house money.

[@MrC8025]

@@Gump-tion he's mad because he's going to have to pay it back.

[@dragonbot2038]

Kevin O’Leary just showed that money is more important to him than ethics and morals. What a low life. $15m was just what FTX promised him for being a spokesperson. Not his own money and he should give it up to true investors who put in their own money.

[@tchen61]

FTX is a house of cards, and Binance CZ just tipped it over... to blame it all on Binance is ignoring elephant in the room

[@rickybobby7276]

Binance is a bigger terd. CZ is just as bad as SBF or O'Leary. I mean heck CZ is as bad as Jerome Powell playing with peoples lives like toys. Besides CZ is run by the chinese communist party. China banned bitcoin so nobody could compete with Binance and have an old fashion government formed monopoly. If you think Binance, CZ and the Chinese communist party playing money wars is a hero you are surely mistaken.

[@upinsmoke2897]

Was Binance also responsible for the FTX token which made up prices out of thin air?

[@issy63ls]

Ive lost alot of respect for Kevin for still trying to defend SBF

[@SuperPerfectMan]

Yeah you know he is being paid because otherwise why throw your credibility down the tubes …

[@F0rtysxity]

I lost all respect.

[@gringadoor5385]

Should never have had any respect

[@dominiquec8244]

He had money there.....but end of day binance wasnt spending the peoples money

[@issy63ls]

@@dominiquec8244 plus also the money he got must be from customer deposits!!🤬🤬

[@sungkim742]

I knew that Kevin would eventually get burnt by his involvement with crypto. I didn't know it would be this epic.

[@id10t98]

When you're a scammer and a perpetual liar like Punkin'head KevyO'Leary, this is the logical conclusion.

[@Dustinisnotavailable]

Well that's just it. He didn't get burned. He still made out with $5 mil (about 10mil invested and in a user account lost while he was paid $15 mil to advertise). That's the only reason he's still trying to defend SBF. If he would have lost $5 mil, he would be the first person in the picket line holding a sign saying "send SBF straight to jail".

[@tuanas458]

Alot of people got burnt. Kevin has other investments. But normal people are hit harder.

[@laserpmr]

@@Dustinisnotavailable he will have to give 15 milllion back since he was paid with stolen money

[@lashlarue7924]

What?!? You mean that all the other Magic Beans are also Ponzi schemes??

[@andyatmosphere]

It’s time for Kevin to consult with a lawyer.

[@billbill6576]

I’m sure he already has

[@Jay-xr3sb]

Already got himself and wife off a manslaughter charge, they are in speed dial

[@TheNofear25]

I don't he need to consult lawyer. He is more appropriate go for metal check up.

[@garrettbewsy144]

i rarely see kevin is nervous. you can hear in his voice. you can hear the pain in his voice

[@Robroscob]

dude needs to be in jail aswell...lost millions gained millions...you seriously feeling sorry for Kevin?

[@lakesideaquatics]

I can't help but wonder what Kevin is hiding.

[@ceed3d396]

And that's EXACTLY where I'm at on this. What is he hiding? You can hear it in his tone.

[@steveochremchuk7143]

He is just as guilty for pumping the stock

[@davidarnaud8290]

Me to

[@blackcoffee.]

Yeah. He's a lying pirate trying to get out in front of this. It won't work.

[@lakesideaquatics]

@GT500 Putin's or Twitter's. Depends on your disposition.

[@totalbodyregeneration]

I am very disappointed to see Kevin O leary try to blame CZ for FTX's blatant misuse of customers funds. This is beyond scummy and did not expect this from Kevin who got paid millions by FTX.

[@bobbythomas6520]

And lost millions to ftx. Most likely paid most of it in FTT which is now at what, a dollar?

[@adfreeviewer9005]

100% agree. SBF and Kevin can play monopoly in jail together.

[@GizmoMaltese]

But misuse of funds didn’t bring down FTX. Alameda was collapsing and once that happened all investors would have been screwed. Only those with cash balance would have been spared. Why would anyone have cash sitting in FTX accounts for very long?

[@kingofnara]

@@bobbythomas6520 He probably gave him cash, Sam paid lots of people cash, the politicians definetly werent paid in crypto

[@DashDa5h]

@@bobbythomas6520 kevin is an expert in finance I doubt he would ask for crypto he would want hard cash. Only an amateur would do that.

[@jobnieloliva5358]

He got paid 15M by sbf and lost 10M. He’s still up 5M

[@dathes]

Money from illegal activities paid out to others will be clawed back as part of the bankruptcy process

[@Jay-xr3sb]

He owes the 15mil back. His fault he gambled 10m

[@jeffbell9391]

No he lost all 15 million

[@nosuchthing8]

@@dathes we can HOPE. It might take years or decades.

[@thomasscott1570]

@@dathes yeh but Kevin is too stupid and blinded by greed,he doesn't acknowledge he may be in trouble not to mention he hasn't publicly apologized to his followers.

[@Robroscob]

this dude digging his own grave every day now

[@xaviergarcia1606]

I think what Kevin is trying to say is that due to how advanced ftx is, the money went to the 4th dimension

[@CryptoPump610]

😂😂😂

[@lostiowatianna551]

🤣😂🤣

[@TheRumblewagon]

Wow, Kevin can't answer a simple question himself. He can't answer why he's trying to blame Binance....when Binance simply exposed the massive $8 billion dollar hole in FTX.

[@andrewstorm8240]

Yes and what exactly is his angle

[@louiedangelo3843]

He wants to blame binance so he wont end up in jail with SBF.

[@sandyx7381]

Incredible. Shows you money can definitely buy someone's integrity

[@bobo0202]

Kevin O'Leary never had any integrity. Everyone knows it now

[@temimegraham1904]

If I give you $15 millions you will be doing the same… Please stop!

[@jacktran7024]

@@temimegraham1904 15? sheeesshh 12 bro.

[@DrTarentaal]

Absolutely... very disappointed in Kevin 😑

[@Jordan-Ramses]

He never had any integrity.

[@wellbalance2022]

How is Kevin missing the part where FTX went out of business because they didn't honor the terms of agreement with the customers?

[@johnpark3142]

This is literally the end of O’Liar and there is no coming back from this

[@JD-gv4uz]

Kevins ego is going to get Kevin into JAIL

[@id10t98]

he killed someone with his boat and walked. rich people dont go to jail unless they steal from the rich.

[@giacomu1]

Kevin was hired for this inside job, he is just a player and a "spokesperson" laughing loud :))) .They put SBF in CZ mouth from the day one. The big picture here is how to take down CZ and his Binance exchange. SBF it's just a piece of meat who is gonna ignite the fire. Don't you follow the narrative ? CZ put FTX out of business? How? The simple question is how? if i say that you have only 100$ in your bank account and i know that you need 1000$ by the end of the month to pay your bills. Pay the bills and prove me wrong. That's it. FTX should've said the same think about Binance, i guess it's too late for that now.

[@Jesper83]

Binance didn't send FTX customer funds to Alameda.

[@rickybobby7276]

You're right Binance only launders money which is why SBF bought him out and he was able to crash FTX in the first place. Thanks for the reminder.

[@daynajoe]

💯💯💯💯💯💯💯💯💯✨

[@Kyzyl_Tuva]

O’Leary should just disappear quietly. Every time he show’s his face makes me disgusted. He took $15M as a paid spokesperson for FTX. That is THE story. I now have zero respect for this man.

[@pencils812]

He told the Senate today that on top of the 15 mil, he got an additional 3 mil to cover the taxes....I hope the IRS is looking into this guy.

[@metaboss2021]

Yeah, and that money was customer funds because Sam wasn't worth that much.

[@highdesertbiker]

Kevin is just as guilty as SBF

[@Strengthinhim7]

Kevin's apology tour brought to you by his PR team 😂

[@shapursasan9019]

If there was an annual award for the greatest liar on the face of the earth... Kevin O’Liar would win it every year!

[@jeffpotter2934]

Kevin made $15m as FTX spokesperson. He invested $10m into FTX and kept $5m for little work.

[@lliza444]

Taxes do research before speaking everything you hear

[@jeffpotter2934]

@@lliza444 so what? Taxes are obvious. He still made $5m for little work. Now he is crying like a baby.

[@lliza444]

@@jeffpotter2934 if he made 15mill then taxes are 30-40 percent as income in most states … so discount that. So it’s not really 5 million invested.

[@ahhchoo8488]

He likely invested $10mil from a business account. So that's also 30% savings for tax credit loss.

[@rjsrox07]

If he invested $10-15M in FTT and lost it. Thats a loss. You don't pay taxes on money you lose.

[@PeacockRhino]

CZ has his own agenda but he did the world a favour in bringing down this house of cards.

[@jingles2726]

I'm going to take a nap. When I get up I want to date you. I love you. ❤ plz comment back with address. I can rule play and be not gender you want me to be. See you soon!

[@jingles2726]

Ps. I don't watch shark tank if that helps you.

[@id10t98]

The funny thing is Binance is next to go🤣

[@rickybobby7276]

If I stage a bank run at my local bank and it falls I'm a hero? Furthermore you realize an all out run on any bank will end it right? You think he did the world a favor, but crypto prices fell and general faith was lost. CZ has one less enemy though so stupid you don't realize he hurt little guys more than he hurt himself so relatively he is up and everyone is collateral damage. You look up to a piece of trash like that?

[@rickybobby7276]

​@@id10t98 That will be a beautiful sight. CZ will be in cuffs soon as well. CZ is worse than SBF, because he does money laundering on top of not backing his exchange with assets which is the reason SBF bought him out of FTX. At least SBF had morals even though he had terrible accounting and risk controls.

[@markus_stromberg]

SBF gave him 15 million of user funds from FTX and now he’s a victim?

[@whittetful]

“The money went to Binance” … “I don’t know where the cash is”

[@SiLoMixMaster]

I reckon Shark Tank will be thinking hard about firing Kevin after this debacle, should replace him with CZ from Binance 😅

[@MrDuds1984]

I would be surprised if he’s back

[@thomasscott1570]

when it rains it pours

[@blakebrothers]

Kevin first and then maybe Mark?

[@m.t.1616]

😂

[@lostiowatianna551]

😂🤣😂

[@JustMe-fk5uo]

If Kevin was paid with stolen money, doesn't he legally have to pay it ALL back? I don't trust him anymore.

[@mattjcrane]

You could say the same about Tom Brady

[@Thea-gj2or]

You never should have trusted him to begin with. Don't ever think that any of these talking heads have your best interests at heart. They don't.

[@unorubbertoe]

@@mattjcrane I'm cool with that. He can spare it

[@laserpmr]

@@mattjcrane yes, all of them would have to give the money back. same thing happened to Madoff investors that took their money out before the crash

[@alexn6994]

All.the politicians who received money should give it for the bankruptcy payouts. But hey, crooks are gonna crook.

[@danielmcpartlin6526]

The millions he lost was given by FTX to be a spokesman. Dishonest to say that he lost his personal money.

[@antareschen4451]

He should be in jail too.

[@krishnamohammed6951]

This dude didn't do squat for DD. He didn't read a single financial statement. He got a sweetheart deal from SBF and sold himself out for it. Now he's all pretend angry but not at SBF.

[@joebudi5136]

Every comment agrees. No one believes his lying ass. No one.

[@suraceryan]

Yep

[@Rob_G716]

CNBC - report the truth but you wont because you’re all friends - Kevin O’Leary didn’t lose millions. FTX gave this guy 15mm to pump it! Kevin invested 10mm in FTX from the money they gave him, he kept 5mm for taxes. He was using the house money the entire time I lost all respect for Kevin O’Leary

[@markuswunsch]

Sure CZ instructed SBF to commit fraud, misappropriate customer funds and disregard proper risk management practices. SBF put FTX out of business. If Kevin O'Leary goes on like this, it's just a matter of time till he'll lose it all... I mean as a startup founder I thought he's a cool investor and mentor but now I wouldn't want him on my board not because he made a wrong investment but because he's not willing to learn from this case and making up weird excuses.

[@Darr1071]

He’s so delusional! He can’t accept the fact he got humiliated

[@ed1019-h8o]

I think that is it, SBF is fast talker a con artist, he is likable with a bubbly personality but he is a narcissist.

[@FarazOloumi]

He lost his spokes person's money, not his actual investment!

[@senorgroom5157]

If FTX wasn't running a pyramid scheme and ran a legit business, it wouldn't matter if Binance was at war or not. So that is not the real reason, Kevin O'Leary. You're acting so 'I have my own opinion' but in this case you're failing hard

[@cmac392]

Kevin O'Leary is embarrassing himself

[@TheHmongcgi]

Scammers got trash, Kevin and Sam is a team.

[@scottyflintstone]

He was reckless and got taken. Trying to blame it on the competition is just a fumbling attempt to deflect his own personal failure. Greed hurts Mr. O'Leary, learn from this

[@Nancie6290]

So sad to see these criminals , did their parents ever tell any of them , not to steal it’s not right . Just like pigs in a mud puddle rolling around in someone’s else’s money . Disgraceful game .. hurting so many people in the process

[@paulgarcia621]

O’Leary needs to speak to Mark Cuban who is a real investor and didn’t believe in FTX. O’Leary is now trying to cover his ass.

[@TECHN0]

O’Leary a bagholder for life

[@AlteredBeast92]

loooool

[@bfgwealth]

Correction: Professional Bagholder

[@freeagent.87]

He didn't lose any of his own capital

[@peacetooja]

Can't argue that

[@jonathanhuang2955]

He was, is and remains to be

[@JLone55]

If you’re guilty, the best thing to do is blame someone else... It’s Binances fault that I and others have bad investment advice and that I did no due diligence.

[@shirleyy2711]

Scapegoating, oldest trick in the book by placing the blame on someone else.

[@baycchief3785]

O’Leary was one of the top promoters of FTX he should be fined by the SEC or be sued by the class action lawsuit.

[@maureenmatlock]

Even with the current dip in crypto currency's, I'm still glad I can smile 😊 back at my portfolio of $86,700 built from my weekly trade, I'm having my forth withdrawal in 10 working days😊

[@Kingking-hg4re]

Same here, There's no doubt Crypto investment is the key to future wealth, with my current profit of $59,000 made from my investment with Jeffrey Roland trading platform I'm totally convinced, he's the best trading broker I've worked with and his strategies are so easy to adapt, he's such a blessing to me especially in this current dip 😍

[@greengreen2888]

I have heard so much about Mr Jeffrey and how good he is, please how safe are the profits?

[@trustman7554]

I have also been trading with him, The profits are secured and over a 100% return on investment directly sent to your wallet.

[@vivianmatlock]

after watching so many KZbin tutorial about trading I was still making losses until Mr Jeffrey Roland started managing my investment now I make $10,565 weekly. God bless Mr Jeffrey Roland he's been a blessing to my family.

[@gadfrank]

Oh guys is there anyway can speak to Mr Jeffrey Roland, this sounds so helpful and genuine and I would love to join the train?

[@andrewj10]

I think a multi-billion dollar company should be able to survive a tweet if it is a viable business.

[@christianburris3474]

This guy will go down. Kevin needs to go down for this

[@AK-nx9lg]

Isn't this guy PART of the problem??

[@joebudi5136]

He was in on it. Clearly.

[@6toportal]

got paid to promote something he didn't even took a minute to read his quickbooks

[@JD-gv4uz]

There should be hearings on KEVINS action

[@pencils812]

He is horrible.

[@minaryeon9259]

Exactly whatever he did behind the scene is probably not clean either.

[@pencils812]

OMG... I JUST SAW THAT O'LEARY SAID TO THE SENATE TODAY THAT HE NOT ONLY GOT 15 MILLION IN PAYMENT BUT AN ADDITIONAL 3 MILLION TO COVER THE TAXES!!!! I hope the IRS looks into him!

[@giacomu1]

Kevin was hired for this inside job, he is just a player and a "spokesperson" laughing loud :))) .They put SBF in CZ mouth from the day one. The big picture here is how to take down CZ and his Binance exchange. SBF it's just a piece of meat who is gonna ignite the fire. Don't you follow the narrative ? CZ put FTX out of business? How? The simple question is how? if i say that you have only 100$ in your bank account and i know that you need 1000$ by the end of the month to pay your bills. Pay the bills and prove me wrong. That's it. FTX should've said the same think about Binance, i guess it's too late for that now.

[@RealAnthonyJones]

Patiently waiting for the movie to be made about this that’s gonna put “Wolf of Wall Street” to shame

[@divinediva6320]

THe Crypto Criminals of Wall Street not the Crypto Saviors they promoted SBF as Future Warren Buffett on Forbes! He stole funds to Marketing the Financial Theft Exchange FTX!

[@RealAnthonyJones]

@@divinediva6320 don’t forget he was the Crypto J.P. Morgan at one point too.

[@internetpolification]

He lost millions that ftx gave him

[@marcosmercedesn]

He was not an investor, he was paid 15MM USD million by FTX to be a platform ambassador

[@manzanasrojas6984]

^THIS

[@godzillamothra5983]

he invested his heart in it

[@sobti89]

Kevin is a monster and hopefully after him no one takes his advice and who knows how many innocent people lost everything. Shame on you Kevin

[@bearpellet82]

Kevin's worst decision of his career was siding with FTX.

[@sirgeoh]

Just remember, Kevin O'leary would still support SBF and FTX even after all of this.

[@nortonfrickey1708]

Kevin is doing his best to cover for his buddy just like the New York Times.

[@lee58901]

"FTX investor who lost millions" *Lost $10 million was given $15 million by SBF #StillWinning

[@austinyang7474]

Kevin is trying to drag Binance into this to clear himself of wrong doing. Kevin's story is changing and I can tell his is scared.

[@HH-yc7oz]

So Kevin’s argument is SBF told him this information so it’s true. How can you take the word of sbf when all he’s been doing is throwing out random numbers. Even Kevin said it himself, sbf initially told him $2b went to binance, then later said $3b when asked again. I know people like to throw ranges but that’s a huge difference.

[@deaneng8540]

Ahhh it's only 1000 million nothing to sneeze at! lol

[@Strengthinhim7]

What a shark

[@IamGrimalkin]

What SBF said on this may well be true, but it's irrelevant. If one of your shareholders was causing problems with regulators; that doesn't give you the right to steal customer's money to pay him out. If what he said was true and there was no way of paying him out by other means, FTX should have just sucked it up and stopped operating in those jurisdictions.

[@j_kickass]

This vid explains everything you need to know on SBF. Some dweebs with rich parents who conned billionaires. Lol kzbin.info/www/bejne/aGGldn2lqrx1nbs

[@ahsanmohammed1]

Kevin’s talking as though he’s still on the payroll of the Bankman Fried team! Kevin’s talking points are the Bankman Fried talking points. Bankman Fried dumb! Not a criminal! Kevin’s lying! He should be fired from Shark Tank! Remains too close to a crook even after the fact!

[@tomspeed3354]

it is like stealing a car and blame the car company after who located the car and reported it to the police

[@n00n1n]

"I'm a balance sheet, cash flow guy" Can Kevin O'Leary get any more nauseating? Kevin O'Leary has totally destroyed his public image in a matter of days.

[@empororhenkel3432]

Can we interview all the families all the average people who’ve been screwed over can they all meet at a town hall and Kevin show up and explain it to him because the money went somewhere can we start doing real journalism and real investigations

[@mfoco1]

This just doesn't add up. Perhaps I'm missing something that O'Leary isn't saying here, but if FTX had to buy stock for 2-3 Billion, that should be blatantly obvious as an asset on FTX's balance sheet, it doesn't just disappear. Plus. what competent CEO would ever say "maybe" when it comes to any outlay in the billions, for any purpose whatsoever?

[@kevinjohn5412]

Thank you!!! I can’t believe the anchor didn’t even follow-up on that.

[@thomasscott1570]

yep and kevin says he and all his cronies trusted and still trust this dude?thats quite a few STUPID financial experts

[@GenghisKhan311]

And should have pumped the price

[@jdub7552]

Considering SBF couldn't tuck in his shirt...this was a bunch of nerds playing a video game and the word Fiduciary never came up once. 140 IQ may be impressive, but most of these types run out of gas twice a week...no common sense.

[@rm5816]

Is this man for real? I am genuinely blown away by O’Leary

[@ForgetMeNotArchive]

He should be classified as a co conspirator soon I hope

[@MarkBlumenthal1]

Kevin didn't lose any money, just 15 million of funny money of ftx tokens that he was paid to be spoke person for.

[@angelmatos9143]

When you've built a 'financial guru' reputation telling mom's with a lemonade stand "you're dead to me" it usually ends up like this.

[@metaboss2021]

All Kevin lost was everyone else's blood money.

[@DC-nj8kv]

"I'm a balance sheet, cash flow guy". I guess he means only after the collapse.

[@larryvitagliano3405]

O'leary didn't do any due diligence because he was receiving $15m, was to receive $15m, didn't lose anything but his reputation

[@TeHeOriginal]

But you aren't allowed to use client money to buy shares from binance?

[@wex9210]

FraudTX O'Leary...

[@tbone5654]

In legal circles they say, "If you have a strong case, you pound the case. If you have a weak case, you pound the table." Well look at what we have here.

[@Multisportamateur]

Lots of table pounding, in his opinion.

[@Multisportamateur]

So, Kevin is claiming that Binance stole the money.

[@sophocles8761]

you misquoted but good point