Becoming Sam Bankman-Fried: The Complete Documentary

[@nogatekeepers]

Do you agree FTX is the greatest fraud of all time?

[@aki-kakko]

Yep.

[@saitamajay6435]

Yes

[@Woburn-RoxburyMedia]

He was PT Barnum, Machiavelli & Ponzi rolled into one. With the facade of a benevolent Monk, cloaked in the humble cloth of an altruistic prophet.

[@nogatekeepers]

@@Woburn-RoxburyMedia that's a pretty apt description!

[@svenjurgenson5442]

@@nogatekeepers no! he did dubious things, but lifetime sentence is too much ..

[@riod43]

Scam Bankrupt-Fraud

[@skysweats7918]

💀

[@Luwidakid]

😂😂😂

[@jaidennew4214]

THIS IS SO UNDERRATED IM WEAK

[@thedivachannel3790]

Even the name was a red flag. 🤭

[@attache675]

It fits so well haha 😂😂😂

[@newviolets8489]

He's not a geek, he's a poser. He hit all the right marks and exploited his insider position in society. Money laundering. He's dangerous and should be treated accordingly. He was telling you what he was.

[@susannehuber3996]

Amen. He is a complete fraud. People were too stupid to believe his bs.

[@romoore2094]

He was a plant, a ponzi, he was used and was paid well for it. He will not serve 25 yrs no way. Consider this- all the money he took - is not being returned to the victims! Biden got 10mil and the Dem party got the 80 mil they aren't returning it!!! Biden pardoned himself!

[@kennethpeterson4068]

He crafted a character..socially awkward..altruistic..financial genius..everyone wanted to help develop into a real boy..then he wants people to believe he was manipulated..

[@WolfsHead-bp6vs]

this is the correct answer...what I can't understand is how he fooled many, many, supposedly smart people with his nonsense personality and fake identity...

[@ember9361]

@@WolfsHead-bp6vs i get the feeling its an Emperor's Clothes type of thing that happened

[@miapia7229]

He’s a defiantly a Pisces ♓️ male

[@kennethpeterson4068]

@@miapia7229 What is the Pisces hi-rise condo.. look for 2024..3squares.. and an interior room...

[@c-pjawa2759]

They thought he’d make them rich. Hey, even a NFL quarterback and a model trusted Sam! Who doesn’t love financial advisors like that?

[@therearenoshortcuts9868]

"Bill Clinton attended" that's the ultimate red flag, leading indicator that something is wrong LOL

[@RupertJosh]

Crooked Clintons!!!

[@Lamont-Cranston]

Theranos

[@spde]

How the heck is this not more popular... This is the BEST documentary on the background story that I have seen so far as a lay person!!

[@nogatekeepers]

Thank you so much Sarai! Very kind of you!

[@TheHermitProcess]

Because the sheep of this world don’t really watch things that expand their mind. They are the same people who get scammed by the Logan Paul’s of the world.

[@crossbearer6453]

@@TheHermitProcess oh come on , it’s not huge because it’s done with a utube creator with a small following

[@howardhill3395]

"stop losses...I think those aren't necessarily a great risk management tool" -Caroline Ellison, ex CEO of Alameda Research. This is actually the most basic tool of risk management, So her statement tells me there was substantially no risk management at SBF. I believe that on some level, Sam & Caroline thought they could "create money" without limit, so no risk management necessary.

[@juliametcalf2660]

Thank you JK Rowling for a whole generation of unicorn thinkers

[@nogatekeepers]

Agreed, it feels like this aura of invincibility with assets prices only rising, had something to do with this

[@Qwerty-ix2vs]

If u listen to that interview right after that part when they ask her how much has she risked or lost in a trade she doesn’t answer but her expression and her hints says a LOT

[@howardhill3395]

@@Qwerty-ix2vs Many of us learn the hard way that must use a stop loss. Wonder if SBF ever traded without a stop loss.

[@swimgirl24]

Would you guys mind explaining what a stop loss is? 😅

[@thesilentangel8299]

You know a company is badly managed when the guy who had to clean up Enron’s mess comes in, And proclaims it the worst financial fraud in history. Especially when he said he found that they were using Quickbooks.

[@rof8200]

SBF was too overconfident to fear going to prison which is where he is headed for a long time.

[@DMalltheway]

Forever, he’s never getting out.

[@Robert-tj3qq]

I'm wondering if anything will happen to him while awaiting sentence. Something is going to happen,I can feel it.

[@carocarochan]

Why so much greed? That's the root of so many problems on this planet.

[@sn4rff]

so... your video doesn't explicitly say it, but as far as we know, did sam bankman-fried actually support any charitable causes at all? it sounds like "no", if we're saying the "effective altruism" thing was just a spin. it's a very small part of the story, i know, but still. i'm poor and i give money - this guy is (or was) rich, did all he give were promises that he never intended to keep?

[@blackadder564]

No he did. With other peoples money. It made him look good and made people believe that he is a good guy.

[@brighidbrennan3168]

I would use the word " selective" effective altruism 😂😂😂😂😂😃😃😃😃😃

[@markusgorelli5278]

He didn't support any food banks as far as I am aware. But since giving to poor people would not make his business get bigger, those types of donations would probably count as "ineffective altruism" and therefore would not make the cut. He did donate to Standford University which Patrick Boyle suggested might guarantee his parents tenure there so that would be "effective." 😁 Bloomberg: Stanford’s $40.9 Billion Fund Tops Elite Rivals With 4.4% Return (Oct 2023)

[@alexandracolmant9983]

Nice job of summarizing the situation...my favorite so far!

[@nogatekeepers]

Thank you Alexandra!!

[@robertlyons991]

His parents do not teach compliance! Do your homework. They teach law and his father is a tax specialist and he advised FTX executives how to avoid paying taxes. He will most likely be charged in this fiasco.

[@MakerInMotion]

I think it was Kevin O'Leary mostly responsible for spreading that misinformation. He was being interviewed everywhere after the collapse and he kept telling everyone FTX seemed safe because the parents taught compliance at Stanford.

[@clintlawson6456]

His parents and others were definitely involved in a deeper level of

[@caboose2741]

Been following this story. So interesting and wild. Thanks for the doc, great job!

[@caboose2741]

You added alot of details that were harder to find. Thank you!

[@nogatekeepers]

Thanks so much for the kind comment - Glad you enjoyed it!

[@JohnSmith-jt5qr]

For those over 30, the term "dating" means a bit more than a kiss on the cheek.

[@KrystleSenires]

Such a great breakdown of the whole story. Thank you for the work you do!

[@nogatekeepers]

Thanks so much for the kind note Krystle!

[@isaaclaf1000]

This is how videos are supposed to work.

[@nogatekeepers]

Thank you@@isaaclaf1000 !

[@ricardoblikman2676]

I think it ran out of proportions is because of bad parenting. I dont know the guy but I honestly think he does not even comprehend what he did was wrong. He is just mainly playing videogame's and doing interviews and let others build the code etc. He lacks morals, discipline, empathy if you would give him a button to launch an atomic bomb he would do it, not because he is evil but simply because he dont really care to understand what the impact will be on woman and children. His education is very high but his mind is of a 7 year old child! he is just playing a game, maybe he even thinks that if he loses he can just load the game from the saved slot again or reset it. I am sure his parents are aware and warned many times about their child's behaviour and has been brought up privileged and protected by his parents. This can not be a human being that could have operated whole his life in a normal society or schooling system without his parents intervention. He completely lacks everything that makes someone human, with the exception of his sex life, he just dont care really he is busy with playing games and the rest is a minor detail!

[@brighidbrennan3168]

I agree with your posting 100%

[@matrices3987]

What do Madoff, Sam, Sam's parents, Elizabeth Holmes and many others all have in common?

[@conqururfear2]

Elizabeth Holmes is the absolute worst. She makes me vomit.

[@theaccountant5846]

Theyre all white people?

[@poocumber7806]

Fantastic vid, nicely paced, very informative and engaging, perfectly edited too. That’s quite a skill 👌🏻

[@nogatekeepers]

Thank you!!

[@itzhakbentov6572]

His mother must be a very special Ethics Professor

[@BlazeNexusDelta]

Best and clearest breakdown I have seen so far on the matter… Subscribed! 😊

[@nogatekeepers]

Awesome, thank you!!

[@MM-vv9wk]

this was better than the bloomberg one hour and thirty min documentary!!!!

[@nogatekeepers]

Thank you so much!!

[@SarelleSirius]

“You can buy a banana.” Beautiful idea. I’ve always wanted to be able to buy a banana, it’s a shame SBF wasn’t able to get this task accomplished 😢

[@dazross8729]

Hahaha - great comment!

[@CheersClubMusic]

great job on this doc Wayne..best one I've seen on the ftx story , very riveting !!

[@nogatekeepers]

Thank you, I appreciate it!!

[@satsa6569]

Solid work! Please do one on the parents👍

[@nogatekeepers]

Thank you! Interesting idea, I will take a look...

[@caboose2741]

I'm not sure if there is enough info out there yet to do one on SBFs parents. But if there is, I would love to see a video on them also.

[@nogatekeepers]

Got it! Yeah I'm sure more will come out soon in this trial on them...@@caboose2741

[@aspirindamage5152]

never thought id see a 21 minute “complete documentary” but i suppose this is

[@httm241]

Sam just seems like a proxy for other more nefarious entities.

[@JohnCoates-sj7cg]

Does anyone in that company have any accounting qualifications?

[@catbangs276]

thanks. i've viewed other videos on the subject but still did not get how his business and personal platform rose, now I see it.

[@nogatekeepers]

You're welcome - Glad it was helpful!

[@dangomangofandango]

Great work! You earned a sub and I learned things I didn’t know from other documentaries

[@nogatekeepers]

Awesome, thank you so much! Very glad you enjoyed it!

[@p-51d95]

SBF's "Effective altruism"?... Umm, more like "Affected altruism"

[@nogatekeepers]

Sad to misappropriate a term so badly

[@phill3144]

Love the end part 😂 when are you doing the fraud video on Mr beast lmao

[@durrer9038]

Ikr 😂

[@LilyEvans1996]

Playing a video game in a pitch meeting? Imagine if i was reading my spicy romance books in a pitch meeting? 😂

[@ChiefKene]

The only funny thing about this is Sam playing League of Legends and fooling people who have more money than brains.

[@Alexrmacleod]

good recap had to sub

[@nogatekeepers]

Thanks Alex!!

[@paulaf6566]

“Sam found that coinbase had to many regulations” - i think that’s all i need to know

[@jimmydargent9893]

great breakdown, especially of the media being complicit in this - only real conclusion is find alternative media and other voices

[@nogatekeepers]

Thank you Jimmy!

[@pretzelboi64]

It's hilarious that people even believed there's such a thing as "responsible crypto investing". Sam said it best himself: It's a black box and its only value is what a bunch of morons decide to just throw in it. He certainly knew his "customers"

[@blackleague212]

20:46 yikes bro, your comment on Mr Beast aged like a cup of warm milk 🤮 I’m gonna look at your newer videos. Enjoyed this video. Thank you.😊❤

[@Blackcatgamer90]

This is embarrassing for bitcoin scene

[@udarpavarota396]

This tells you the level of comprehension amongst politicians and celebrities. It's all about image.

[@InnohubGroup]

SBF has consistently been clueless about running an MSME but capitalized on the one thing most humans are attracted to; greed for money

[@CynthiaMidori]

Amazing video 👏🏻👏🏻 Crazy shit ever!! Thank God Ive always knew that was something off with FTX and Binance! Honestly, just look at those guys faces and body languages and tell me if you would trust loads money in their companies 🤷🏼‍♀️

[@artmaltman]

Excellent summary. Surprised that I learned new info about SBF FTX.

[@nogatekeepers]

Thank you Art, and glad to hear!

[@brendon4324]

Any update please on the Atomic Wallet hack that took place back in June? Hundreds of victims, millions of dollars in Crypto stolen and lives destroyed! The CEO is Konstantin Gladych, this is getting no exposure and very little online. Nothing from the company, victims left in the dark, please help escalate this.

[@AllDogsGoToHeaven444]

Great video, nice work. 👍

[@nogatekeepers]

Thanks so much Keith!!

[@jayerjavec]

Documentary is NOT complete. When he's behind bars, you can call it complete, and even then, who knows how long he will actually stay in there.

[@nogatekeepers]

Fair - might have to do another video with all these stories coming out in the trial!

[@waterwomaninFL]

Great report….very thorough. Thanks!

[@nogatekeepers]

Thank you!

[@suzanne2024]

Really enjoyed this. Thanks

[@nogatekeepers]

Glad to hear it! Thanks for the kind note!

[@FizzleFX]

18:45 it's a simple question Gotta think of a good lie lol

[@andimatrus]

It is surprising that people still fall for these kind of guys, the FOMO effect is too strong. I personally feel betrayed when people I know try to sell me well being products in pyramidal schemes. There's no easy money.

[@DeViLsFaNo6]

You killed this thank you !!

[@nogatekeepers]

Thank you!!

[@anvy1231]

It’s crazy how many people love you when you have money but as soon as you are broke. Dog eat dog world.

[@sayyedal-afghani]

Bernie Madoff: Ha! Ha! I'm the biggest Jewish shyster fraud in history! SBF: Hold my kosher wine...

[@ResitutaIgube]

Auditor with an office in the metaverse 😂

[@kiki1573]

No billionaires, real or fraud, want to give their wealth away. Hey guy sitting in the tent on the corner! Here's a bag with a lot of money. Have a nice day LOLOLOL🤣

[@ggap89]

Great documentary.

[@nogatekeepers]

Thank you!!

[@paullawrie]

This whole recurring story about SBF doing successful arbitrage between exchanges for Bitcoin sounds like enormous BS to me. There's no way they noticed it and nobody else did.

[@matthewwatts6281]

Totally agree. This is a good documentary but only tells a small part of the story, I believe.

[@Xclusic]

He’s going for life in prison 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

[@nogatekeepers]

Very possible. I think a Madoff type sentence is most likely, personally

[@conqururfear2]

@@nogatekeepers makes me sick as watching Elizabeth Holmes

[@OsLoopMediaProduction]

love your work Wayne, sharing it on our channel for sure ❤

[@nogatekeepers]

Oh thank you so much!!

[@tonysmith6795]

I used to be into Crypto, following all the up and coming new coins and tokens and being excited, and one day my cousin’s dad a wealthy real estate investor by the way, told us Crypto is bullshit, you’ll end up losing all your money investing in that, he was right! Because of people like Binance CEO, and this guy SBF!

[@peter-xw1mu]

If you’re dumb as rocks yes. I made money because one I don’t trade, I’m a long term holder and second I keep my coins on my own wallets. It’s the impatient and gullible that lose out.

[@vlopez5631]

Great video and explanations!

[@nogatekeepers]

Thank you!!

[@udvarhelyibalint]

Wow. Seen a couple of videos on Sam but this one stands out.

[@nogatekeepers]

Thank you!!

[@chrislim7615]

Wonder didn't his parents advice him against all the wrong doings???Why?

[@momotaroreincarnatednthtim6303]

No SYMPATHY for GREEDY investors. Serves you right!

[@harambetidepod1451]

Upper class family to prestigious university to wall street to ceo before 30. Did SBF ever have a real job once in his pampered life? Lol

[@AbuAfakski]

what’s the difference between a coin and a token?

[@mandybradley3079]

Excellent channel….can you do the twins that worked for Facebook. I hear they are in big trouble too.

[@nogatekeepers]

Thanks I appreciate it! You mean the winklevoss twins?

[@mandybradley3079]

@@nogatekeepers Yes!

[@switch1237]

Great storytelling 👏👍🌟🌟🌟💐💐💐

[@nogatekeepers]

thank you!!

[@onradioactivewaves]

5:33 haha, NAS Daily has tried to get rid of that video, but the internet remembers...

[@vincidicaprio298]

It would not surprise me at all if in a few years time Elon can be added to the same con list.

[@randomguest299]

Good work brah

[@nogatekeepers]

Thanks man!

[@planetclay]

anyone know which is bigger? Sam's nose or his belly?

[@laowai2000]

12:20 proves what a narcissistic liar Sam is. "We don't invest client assets (even in treasuries)". Compounds the lie by dropping in the comment regarding treasuries.

[@Shafiksz]

FTX could have remained the greatest exchanger of all time. But because people got greedy along the way good things will just collapse

[@ChiefKene]

How? From the jump they were stealing money from their customers to make horrible financial Investments. They took crypto to buy more crypto, recipe for disaster the minute the market shift down.

[@Shafiksz]

@@ChiefKene because a lot of people were trading on their platform. And for every transaction the FTX platform collected a fee which was legit. Only bad part was they decided to use customer funds to gamble into their own trade which was the greedy part of them. A lot of crypto exchanges are making money just from fees alone and have continued to do so till this day and many are still up and running. Until the platform decides to do otherwise

[@nogatekeepers]

I do think the core product filled a real need@@Shafiksz as evidenced by massive competitors in binance and coinbase. Alameda was their undoing, but given the lack of ethics they displayed, maybe some massive oversight was inevitable at some point...

[@RT-gq3bh]

If you have a trillion you can be generous with a billion.

[@Stuff_I_Watch]

There will always be another Madoff. I don’t understand why people meet these fraudsters with BELIEF. If someone wants my money they have to PROVE to me that it’s safe! I’m not risk averse in any other area of my life, but when it comes to MY money, it’s 2nd in value only to my TIME.

[@vivekdabholkar5965]

Wonderful Video uncovering the truth. Thank you!

[@nogatekeepers]

Thank you Vivek!!

[@vivekdabholkar5965]

I would be interested in more videos on SBF, the con man of this century.@@nogatekeepers

[@nogatekeepers]

Great to know, I will think about future potential topics on SBF. Thanks!@@vivekdabholkar5965

[@goodversusevilcontinues12]

YOU FORGOT TO MENTION, THE MOST IMPORTANT PART......The Hobbit goes from MIT to WALL STREET to HONG KONG with BINANCE. Do you think he created the world wide accounts and marketing by himself?

[@BriansWealthJourney]

What a joke. While he was declaring his philanthropic goals in effective altruism, he was probably also busy using FTX user deposits to gamble in crypto, to purchase naming rights of FTX Arena and to spend lavishly in marketing and sponsorship deals. He failed his most basic fiduciary duty to protect user funds. Yet, he wants to be the savior and the effectively altruistic billionaire. He knew he was misusing user deposits. Yet, he went to DC to help write crypto regulations??!! How could someone do this in real life? It’s beyond disgusting.

[@louis-philippesavard742]

13:40 -You do have an auditor don't you ? - Yes he is legit, he have an office in the Metaverse 🤣🤣🤣

[@nogatekeepers]

It's straight out of a Will Ferrel movie..

[@anirudhsharma1706]

Great documentary it should reach more peaple all around the world ! In fact Netflix series also should be made .

[@knowledgeisablessing8767]

When Tony Blair and Bill Clinton arrived on the scene, you knew it was sketchy 😂😅😂😅

[@ageoftarot6881]

any massively rich or "important" person who virtue-signals is a liar.

[@heric_]

True ! 💯

[@susannehuber3996]

And we seemed to never Learn…. It’s always the same story.

[@kenmitchell7268]

@Wayne Hu lets start our own media company. You’re very good at this mate!!

[@nogatekeepers]

Ha - thanks Ken!

[@ProductionJunction1]

Anyone else able to see through all the bs and just know in your bones he played a character and was always a scammer.

[@jean-sebastianroy2210]

Great video!

[@nogatekeepers]

Thank you!!

[@sanjaybhatikar]

SBF: I have no empathy for all the people whose lives I have destroyed. Leftists: He is so honest, he is like a Gandhi! 😂

[@antoniomaruge8218]

Great work

[@nogatekeepers]

Thank you Antonio!

[@dustinmiller2775]

Crypto is fool's gold.

[@insertname5421]

Mr. Beast, the next scammer lol

[@joetrapp9187]

Ha, yeah, it’s turtles all the way down, I believe.

[@menjolno]

7:43 "not even anons behide it" it is like when 4c user type "literally who?"

[@derekrogers1984]

I’m an idiot. Watched the whole thing and I still don’t understand 😂

[@kc9056]

The least our president can do is pardon him before he leaves office.

[@bardaksuper]

Red flag number for me would been to trust a guy with a hair like that.

[@Mr.8ezman]

Set up by Binance mmmhmm

[@Whiteboykun]

Playing League of Legends during a fucking meeting of investors. How they all didn't just walk out right then and there is beyond me. Why do investors, whose life is supposedly finance, keep falling for these charismatic individuals

[@Gooselip]

😂😂 Talking about Mr Beast at the end aged well

[@slick3996]

Bernie Madoff would have hired SBF so fast

[@GilbertRaphaelBong-tn6zj]

Funny thing is people said he is 'giving' and yes, he is giving away people's deposit without consent in his name😂