FTX founder Sam Bankman-Fried denies 'improper use' of customer funds | GMA

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

[@brianbeach4504]

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.

[@osiris_blanche]

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.

[@michael-4k4000]

Sam is a beautiful man and a genius at that! We love and support you Sam!!!!!!!!!!

[@michael-4k4000]

​@@osiris_blanche FTX will arise like the Phenix

[@arupsan]

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 .

[@blacky4947]

@@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

[@drneal]

This interview is a great example of how lying is way more difficult than simply telling the truth.

[@theplanebrain]

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.

[@umarb7325]

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.

[@namhuy1216]

@@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.

[@umarb7325]

@@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

[@namhuy1216]

@@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.

[@tonicruger]

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.

[@Mcllwain]

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.

[@Patatkevin]

Quite Shocking to me, A few investors I read about were able to make profits of upto $50,000 monthly, so am I doing something erroneous? please i need some hints on how to make enormous profit>

[@eastwood224]

With the help of an investing advisor, I was able to diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.

[@kurttSchuster]

Impressive can you share more info?

[@eastwood224]

I receive financial advice from "Nicole Desiree Simon", a well-qualified and well-established wealth counselor headquartered in California. Her basic information can probably be found online.

[@benjaminollis7621]

He looks down an awful lot for someone who claims to be innocent

[@ronniemead805]

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.

[@maxmiles4338]

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?

[@Cazador60140]

Send him to the 1000 Cuts facility for re-education

[@crochunter35]

@@maxmiles4338 This inview was before the indictment.

[@crochunter35]

He's on the spectrum, imo.

[@jmcqueen3454]

If he doesn’t wind up in jail for decades we have no justice system

[@johnmorris7960]

He is no different than Pelosi, Biden and many Democrats. They will never pay for their crimes while they are alive.

[@TC-mk1tc]

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.

[@t500010000]

He will never see a jail cell

[@Jinglemyberries]

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.

[@PacificSword]

@@t500010000 Madoff sure did. I wouldn't be so certain.

[@ZackGPTOfficial]

This guy is still lying through his teeth and you'd have to be blind not to see it

[@Cel2333]

Ud have to be blind and deaf

[@andressoto739]

You'd have to lose your sense of taste in order to not feel what hes soing

[@Athl3ticM3dic]

And his pals are giving him every opportunity to get ahead of prosecution. Our country is corrupt. This is disgusting imho.

[@willvandermeer4733]

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.

[@lizakhan2713]

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.

[@michaelgillis9420]

If someone gave him a dollar for each time he said ‘you know’ in this interview, he could pay off all of his creditors.

[@javonjordan789]

😂😂😂😂😂😂

[@Sunjay369]

You knowYou hear me

[@normbograham]

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.

[@joeybulford5266]

Lmao 😂😂

[@bate01071]

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.

[@joeybulford5266]

@@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.

[@barrelofbugs]

nice comment! lol

[@KallipolisCracks06]

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

[@alr1129]

P R I V I L E G E

[@llcross04]

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.

[@Jim-Tuner]

Just wait. He may be right that he can get away with all of this.

[@ouandello]

@@Jim-Tuner not this time lol. A lot of other rich people got burned. See Epstein & Maddoff

[@pdcdesign9632]

YOU'RE DESCRIBING DONNIE TRUMP TO A TEE.

[@davidmatthew7686]

If I were his lawyer I would advise him not to speak to anyone. He is literally digging his grave by himself.

[@hotvegas2498]

He seems handicap to me in a Rain Man type of way.

[@Millionshad2die2installbiden]

It depends on if he lost Hillary Clinton's money or Nancy pelosis money then yes he would be a dead man

[@seangelarden8753]

It hasn't occurred to him that he's in trouble he's probably never suffered any consequences

[@Macantaya]

But you're not so hush

[@rachelrockedbb12]

@@mikeharrison6638 I don't think he really "knows anything". He's not dangerous, just a fall guy.

[@weisoman5323]

"What happened, happened" is what you say when you get a speeding ticket. Not when you lose 30 billion

[@Cazador60140]

Something happened and I am sorry I did not make more money , thank you

[@MrZZooh]

This kid inspires me. He should serve as a true role model for our kids today. The more genius looking scammers the merrier.

[@astralislux305]

He's 31. Let's not call him a kid.

[@OversizedSausage]

​@@astralislux305sorry, fully grown adult that looks like a child

[@Hi_Felisha]

Hahahaha George “I’m not an expert but I don’t think you answered my question”

[@k033as9]

Funny

[@WeebsArePathetic]

@@raphealmoore lmfao who tf randomly asks someone where they're from? Are you trying to hook up with her?

[@ultraking1]

Ha ha 😂 🤣 😆

[@jonjeskie5234]

Yeah he didn't flinch, he froze like a deer in headlights. 🤦🏾‍♂️

[@smittywerbenjagermanjensen1083]

"Yeeuuppp"

[@tyleryudd3311]

How is he not in jail?

[@nomanejane5766]

Cuz like, they need to investigate first

[@sushienjoyer]

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.

[@abes3925]

Investigation and because he was based in the Bahamas it makes it harder

[@nagchumpalot]

Because he has very rich Lawyer parents with influential friends.. He'll be just fine..

[@vitigaymer1053]

Ye knows why...

[@mollypayne7417]

This is INSANE.... George nailed this interview!!! Thanks for holding this kid's feet to the fire dude! 🔥🔥 Wow

[@babkeebabkus8177]

dude talks like quentin tarantino

[@grod805]

He's 30 not a kid

[@lunalunitalunera5832]

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

[@toriagiro9519]

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.

[@jaydenp.6243]

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.

[@adswar]

That's how Wall Street works too 😂 People just stop questioning because there is a complicated elaborate non-answer.

[@scalelabs]

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.

[@adamabramson6094]

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

[@ritefinds]

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.

[@ritefinds]

In fact, I don't recall one interview in which The Inquisitorwas not laughing at his people attemptsto maintain composure

[@robertwieczorek5838]

It's impossible not to know. He knew exactly what he was doing.

[@krozareq]

'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.

[@richardbell7678]

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.

[@maklame3318]

@@richardbell7678 dont forget the donations to democrats so he can have interviews such as these.

[@MRrealpolitik]

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.

[@tioswift3676]

It’s disgusting how the democrat MSM are protecting this guy. Operation Mockingbird in real time.

[@Tummie39]

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....

[@MaikSpike]

Most didn’t believe his lies.

[@skryze6381]

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

[@jbac5767]

@@MaikSpike The ones with money still fall for it.

[@merlingeikie]

High functioning ASD/psychopath.

[@PureBadBreath]

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

[@williambell4653]

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

[@10010x0x0x01101XX0X1]

the whispering to himself is so creepy. he's trying to parse the question so he knows how to lie

[@ronniemead805]

@@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.

[@jeffreygipson1]

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.

[@Cazador60140]

what you will get is three meals a day

[@Cazador60140]

SNF was 'Distracted' I would say even 'Entangled'

[@deadmanprodinc]

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.

[@seangelarden8753]

Stealing with a pen should be worse than with a gun

[@RATsnak3]

@@seangelarden8753 backwards logic

[@guywebster8018]

Why in the world would people put their savings.. In crypto? That in itself is unbelievable. 😂

[@danieldangelo7937]

Crypto is based on alot of Bullshit

[@seangelarden8753]

@@danieldangelo7937 at the end of the day it's just a way for rich people to cheat the system because they're so clever

[@Backendralph]

4:41 the moment he realized he is going to jail 😂😂

[@joshuacostello8857]

That’s hilarious 😂

[@techno.science]

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.

[@maklame3318]

this is the go to for poor liars. Intentionally misunderstand the question

[@russelconor8704]

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!

[@kenmitch5309]

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

[@lambgoat2421]

This is basically the plot of "Startup" except without the Haitian Gangster character

[@justayoutuber1906]

Steal $200 from a liquor store: 5 years in jail Steal $16,000,000,000 from investors: meh, the kid made a little mistake...

[@alistar92]

Yes but he is jewish, you dont judge them like us pour goyim

[@lilliampumpernickle9765]

@@alistar92 😂😂😂😂

[@evanahdout]

@@alistar92 nice loss. Proud of you!

[@aurorajellycrissramones9466]

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?

[@djladymc9131]

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.

[@inyczgq]

This guy can’t hide his guilt

[@Rooftop_Coreano]

IKR? His body language and facial expression tell us he's lying.

[@veryexcellentniceguy9641]

I seriously doubt he feels one ounce of guilt or remorse

[@mariosanchez-sj9yv]

I'm glad they picked him up... so many people lost their retirement

[@mariosanchez-sj9yv]

Look at this kids faces would you trust them with 3 bucks...

[@guywebster8018]

@@mariosanchez-sj9yv if you got retirement in crypto you shouldn't be in control of said retirement.. 😂

[@JJJJ-dc3np]

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.

[@javonjordan789]

They Probably Taught Him Decent Morals.. He Jus Went Against Them & Chose Greed

[@marshallmykietyshyn4973]

Poor guy with only $100 000 left in his account. My soul weeps for him.

[@Underhills]

Yeah, we should set up a crowd funding page for the guy.

[@musicman76enator]

Most people won't see 100K in their lives.

[@user-cc9is6kt1n]

When George said in no crypto expert, I thought Sam would say neither am I 😂

[@cheesetomeetyou]

Lol

[@ElizabethMcMillan-nv7ii]

😂😂😂😂

[@javonjordan789]

😂😂😂

[@starcar23]

I can't help thinking about what the best chances to contribute now are, there are suppositions however a little later I figure out these conclusions don't make any difference as an entirely unexpected development work out with the stocks they examined in that..

[@tywbin]

Knowing your monetary necessities and making an arrangement are as yet shrewd ways of getting ready for the unforeseen. I have put resources into the space for a long time and I'm exceptionally content with the choice I made. Fortunately it's not past the point of no return and I urge you to track down a tutor or somebody with experience to direct you, particularly in this slump.

[@animental1]

@@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.

[@cleatusandclovis1845]

Man this guy seems totally legit, I would invest with him I mean just listen to him

[@zarkovitch42]

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??

[@nattybaby2009]

🤣🤣

[@noonan395]

😂😂😂😂

[@dvyngl4453]

@Kamle Harris 😂

[@redaek8050]

lol

[@stevecase6168]

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.

[@markcodysr]

That’s what liars do. He’s a liar and a crook.

[@kevinbecerra246]

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 😂

[@Matt-bg5wg]

He basically admitted to stealing customer funds so I’d say this is the opposite of damage control

[@kevinbecerra246]

@@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” 😂

[@kevinbecerra246]

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

[@Calebe428]

Its so funny how each interview makes the case against him stronger but he keeps doing them

[@kevinbecerra246]

@@Calebe428 But he’ll be dammed if he doesn’t try 😂. The possibility of jail will do that to anyone I guess.

[@mark3ttrad3r40]

He can’t even look you in the eyes!! How in the world did people ever think this guy is “THE MOST GENEROUS BILLIONAIRE “!!! ??

[@RPGnerd1991]

Mr earthquake stopped shaking all of a sudden

[@RicardoGarcia-uw6cr]

He was quite generous to the Democratic Party lol

[@nathanromano7747]

I think Chris Hansen should be doing the interview

[@AnthonyCitrano]

If you edit out his “y'know”s, the interview is actually only 90 seconds

[@expertbrian8314]

His company had no Chief Financial Officer and no Board of Directors. This crisis was inevitable.

[@DELTACO..UBERDRIVER..STOCKS..]

why do you need all that when youre a jew?

[@jaycho6747]

@@DELTACO..UBERDRIVER..STOCKS.. 💀

[@chademery7119]

🤣😂@@DELTACO..UBERDRIVER..STOCKS..

[@Why4skWhy]

They're gonna give him the Nobel prize in economics arn't they?

[@temptemp1051]

nah, he is an actor to use to draft legislation on crypto. He is a part of the star cast.

[@loopje]

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

[@jack-xz7px]

Yes probably…they’ve just given the 2022 gong to Benny Bernancke so he’s looking good for one down the line

[@RPGnerd1991]

According to nasdaily he is the most generous billionaire so maybe

[@MaikSpike]

Also the Nobel peace prize

[@stevec6642]

“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”

[@pixelmasque]

It's uncanny , scam bankrupt fraud 😂🌿

[@nattybaby2009]

He's screwed 😂😂...must suck to be him right now

[@tommyc.tommyslandscaping2244]

He's dodging the questions like you do George.

[@paralysisbyanalysis]

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.

[@ctcole77]

@@paralysisbyanalysis Fantastic! so Sammy was allowed to do it and it's all good. It all George's fault!

[@Chopper402]

the 'genius' really wants us to believe he's just an idiot now

[@relaxingvisuals06]

Exactly

[@Letssee92]

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.

[@ghostbusterstony7317]

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

[@lolzgang8838]

@@ghostbusterstony7317 as long as he is clear of legal troubles it doesn't matter at that point.. he won't go to prison

[@aorusaki]

Yeah he fucked up big time and has to pay the price.

[@boomafoo9]

@@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).

[@georgebeierberkeley]

@@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?

[@DaveVoyles]

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.

[@VLeaders]

I'm thinking the same thing. I knew this was a scam from the beginning. It played out just as I thought it would.

[@newcastlelukelowther]

Thing is you don't appreciate how smart he is to become a billionaire? What have you done?

[@cliftonharmon2403]

@@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.

[@merchantgold6327]

He drives a Toyota come on, he must be very smart

[@Stopdoingstupidstuff]

Prison is going to be very difficult for this guy.

[@jcampbell2481]

He would be considered a scum bag even in prison. They may beat the crap out of him just for fun.

[@KallipolisCracks06]

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

[@jameylane1591]

You mean jail in the Bahamas where he's bribed everyone? Good luck.

[@sushienjoyer]

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.

[@John__-ie3od]

@@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.

[@chrissinclair4442]

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 KZbin has a clip about it and a whole interview with Duffy as well. Ro Khanna pt the clip on his Rep Ro Khanna KZbin 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.

[@chrissinclair4442]

@@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.

[@fiftykmalcolm]

They’re DEFINITELY going to make a movie about this guy someday

[@patrick555HEX]

1000% who knows what the moive should be called ahahah lol

[@MrColeBeans]

Amazon already bought the rights to the SBF movie

[@lettucejones3677]

a silicon valley type comedy would be nice

[@cheesetomeetyou]

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.

[@ElectrostatiCrow]

Instead of Wolf of wall street they should call it Sheep of Silicon valley.

[@Myvideoroom]

This is why you don't give interviews while getting sued.

[@DaveMorgansMartian]

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.

[@Mark-ye9pi]

The words of a con-artist, I love his extremely long pauses to think of the next lie

[@thehound1359]

Literally mouthing the question asked while he comes up with a bs response.

[@WeebsArePathetic]

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.

[@cecilkeith1951]

Amen

[@ultraking1]

@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.

[@thehound1359]

@@WeebsArePathetic “the digital assets can’t be loaned out.” That’s not a loaded question. Nor is it even a question.

[@darrenloke5486]

That was pretty quick of him going from being a genius to a simple boy who doesn’t know much, easily distracted 😅

[@carlosaguilar1957]

He is like I think they went to my cold storage 😂

[@luciboras]

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.

[@lynnsmith4]

I thought that was the job of the SEC.

[@danielschmaniel7461]

"You are bad at risk management": "No, I just wasn't even trying". Just spectacular.

[@scorch4299]

Who was on your risk management team? Whats that?

[@mirankhacherian9469]

He needs to be in JAIL RIGHT NOW

[@karchariasxiras]

No. Prison.

[@chrissinclair4442]

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 KZbin has a clip about it and a whole interview with Duffy as well. Ro Khanna pt the clip on his Rep Ro Khanna KZbin 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.

[@mmamultiverse75]

Lol if he is not what are you exactly going to do about it instead of just claiming random things in the comment section

[@InternacionalBoxing]

The democrats are in power imdont think they'll let him go to jail or he'll squeal

[@maklame3318]

@@InternacionalBoxing you think it would be diff under trump ? Both parties love green $$$

[@michaelscott9040]

Why did this guy do this interview, he's a genius after all 🤣🤣🤣

[@RotogripRocks]

Must have paid him a lot, his over confidence probably figured he could make some money and not say anything incriminating.

[@PaintballVideosNet]

Because he thinks he can outsmart everyone.

[@josephwalker1853]

@@RotogripRocks no amount of money is worth it for him.

[@wyselion808]

The lack of eye contact told it all!

[@sungkim742]

SBF was allowing Alameda to act like any other customer who can borrow other customer's assets on margin. That's the crime.

[@robertcooper1640]

Is that commingling of funds?

[@randomstuff7791]

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

[@mjk25741]

I can’t believe he thought getting interviewed was a good idea

[@tatethoughts3210]

If he can’t look at you in the eye he’s guilty.

[@darkinetix]

It’s stunning that he’s still daring to interview in the first place!! This is his Liz Holmes “I feel devastated” moment.

[@robertjamesonmusic]

If you’re dumb enough to invest in crypto then you deserve this crash

[@furtrapper11]

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.

[@shlongterminvesting]

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.

[@cheeseen92]

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.

[@williambell4653]

Unfortunately probably no time at all. I bet a couple years probation and that’s it

[@joelfalco8735]

​@@williambell4653seems you were wrong

[@sovelar57]

People lost money? No, you lost their money.

[@secretservice1816]

Or probably stole their money

[@krozareq]

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.

[@williamhaynes7089]

but he is 'very very sorry'... he says so many times

[@TheRubberStudiosASMR]

Where is that money though? Someone has it

[@secretservice1816]

@@TheRubberStudiosASMR not someone, more than some

[@lightbringer019]

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.

[@nosuchthing8]

He didn't want to incriminate himself

[@maklame3318]

he's not seeing a court lmao. Fcking morons who think the justice system is anything but made to punish the poor.

[@s44yyr]

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..

[@johnnahollister3721]

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 .

[@codediporpal]

"as best I understand". He knew exactly what he was doing. Finally somebody takes him to task instead of just throwing softballs.

[@seanpierre1338]

The media likes him though because he supported all the right causes. Doesnt matter if he committed fraud

[@m5sunflower665]

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 !!!

[@paulhinds328]

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

[@drcryptonur444]

*EVERY FAMILY HAS THAT ONE PERSON WHO WILL BREAK THE FAMILY FINANCIAL STRUGGLE I HOPE I BECOME THE ONE ☺️... IN A FEW WEEKS I WAS ABLE TO PAY OFF MY DEBTS THROUGH INVESTING IN CRYPTO TRADING*

[@brianwilliams5146]

[@hasansaidi8684]

The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.

[@graceprince5772]

This Bitcoin trading has set sail. I honestly cannot overemphasize how much delving into Bitcoin trading has helped saved and changed the lives of many.

[@avachristina1173]

Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[@harleywilliams8481]

@@user-wz8vr5sh2c Anyways not actually, what I know about trading almost on zilch lol. I make huge profits on my investment since I started trading with an Expert her trading strategies are top notch coupled with the little commission she charges on her trade.

[@KallipolisCracks06]

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

[@Om3194]

Him whispering to himself before talking is so creepy

[@DM-wl6bv]

Where is the full 2 hour interview? Would love to see it.

[@jmw1515]

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 😂

[@YoungCub]

Spot on

[@hotvegas2498]

What a odd personality this guy has.

[@risefromtheashes6623]

He never developed a sense of consequences for his actions. Just google who his parents are.

[@Sam-qq2em]

So,... So,... So,... Why does this generation start every answer with "So,..."?

[@patrick4662]

So….. it’s because we suck

[@datalondojones7969]

7:15 He certainly took a pause there to remember what his lawyer instructed him NOT to answer

[@nosuchthing8]

And 3:15

[@Ace-nv6ku]

Smart guy but got greedy

[@irproductions0]

Pretty sure he has an ear piece in

[@FootballWarld]

Child of two Law professors bro. they're definitely gonna come up with an unimaginable way to keep him out of jail

[@RCsFinest]

04:40 too

[@TheGoody92]

He’s showing all the classic signs of lying in his communication.

[@BLASTMASTERSHOW]

People when you're gonna realize this was a honey trap to see who's launding money who's getting paid off

[@OurNewestMember]

If you wanted to commit fraud and pin it on some random bloke, this seems like the kind of mark to make.

[@jonsnow6631]

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.

[@5MinsYoga]

oh I saw that, I think he's piling into the depression and bipolar situation to buy his jail time out!

[@engr.renatosegovia867]

He is self lawyering i guess

[@m5sunflower665]

@@engr.renatosegovia867 he’ll not serve time the Democrats took the money so they’ll pull a hillary Clinton on him

[@tbutt3410]

He is clearly trying to find a way to not tell the truth

[@charlesg7926]

He’s doing what “they” (his group) always do. They lie better than any other group

[@erickb2025]

He's not a kid. He's 31.

[@elg308]

No he cannot hide his guilt we can see his guilt right through his eyes.

[@AmerDemirovic]

This guy is great. Executing the "play dumb" strategy brilliantly. Looks so inoccent 😂

[@HouseJawn]

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 🤦‍♂️

[@jonjeskie5234]

Yeah it's unprecedented for sure

[@YTnotes]

Because he knows nothing will happen to him.

[@hugooliveira4440]

@@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

[@charlesg7926]

@@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 ✡️

[@anacorreia8058]

It’s funny, any comment mentioning ‘God’s chosen people being the reason why he isn’t getting in any trouble’, gets censored 🤷🏻‍♀️

[@joed8016]

Thanks George great work buddy

[@andrew_aquino]

So painful, dude had like a 5 second pause for yes or no question 😂😂😂

[@endgamefond]

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.

[@avarmauk]

“I did not know of any improper use of customer funds” That is a very carefully crafted sentence indeed.

[@prodwellfed]

its all for nothing. he confessed to comingling customer money and alemeda. No way out

[@Jim-Tuner]

Given his friend and family and continuing supporters, he might well be right to believe that the law cannot touch him.

[@braziliancartel103]

@@avarmauk wow genious.

[@JC-qu7iw]

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.

[@_Bitcoin__]

“He didn’t flinch from the tough questions” 😂😂😂😂

[@Joo-go8ks]

He just had a few mini strokes 😂

[@TheDzavala85]

He just stuttered and stammered through them. Looked down and asked a question of a question.

[@joeymanny]

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

[@deangelocapron3406]

The way he waffled on those softball questions

[@moeezz3601]

it seems the word Like is equivalent to lying in english language

[@carlosquinto1383]

it's crazy for them to say he only has $100k whilst sitting in his mansion in the Bahamas. come on.

[@paulamcminn9618]

Hi Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of it. Not surprising negative market sentiment is so high now, We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S economy as fear of inflation hammers the prices of stock;s and bonds. My portfolio of $250k is down to $172k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[@rudenko618]

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.

[@vince31478]

@John Kent She’s considered a key crypto strategist with one of the best copy trading portfolio and very active in the crypto space

[@Jack-oz4bf]

Wow way to make it about yourself instead of creating a comment that shows the corruption and criminal activities of these people.

[@iGottimetoday]

@@Jack-oz4bfperson is an actual bot

[@notfinancialadvice369]

They literally played this video in his court case today against him 😂 he knew the whole time 100%

[@dragonflarefrog1424]

Yeah that’s why I came here

[@Mr.LaughingDuck]

Biggest self-own since Fyre Festival lmao

[@carlosrico4845]

Thanks for keeping the comments on GMA, but step towards transparency when so many other networks close comment sections on videos like this.

[@toalucinor]

4:36 that question asked to him repeatedly hit so hard that it made his brain pause.

[@casadactyl21]

So he’s doing a press tour instead of making it right with the customers he screwed over

[@hotvegas2498]

💯

[@dangnguyen9137]

" 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

[@joecohen8719]

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.

[@donbrowncfi]

This is the most real, actual reporting I have ever seen on GMA

[@hersheywalker6447]

Stsy off FOX and CNN and you will see more 😎

[@jacktran7024]

@@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

[@n07oriou5]

@@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.

[@maklame3318]

@@hersheywalker6447 happy with breadcrumbs are we ?

[@ALMOSTMACROSWAG]

@@maklame3318 They actually hit him with hard questions, and not a single softball. Did you actually watch the video or just the intro?