keeping it REAL with Jay Scott
Society & Culture
FTX - The Cyrpto SCANDAL! / Where is the $$$? Who is involved? Jail time coming? Who is being sued? and more...
Im no crypto-currency or stock market genius. But this fraud scheme is so easy to understand once it is laid out simply. Which I will do for you.
Sam Bankman Fried is the 30 year old CEO of FTX. He started the company at 28, only 3 years ago. It was the #3 crypto trading platform. At its peak worth $36 billion dollars. A very odd & young person to be a billionaire in charge of this company. Listen for more info.
BINANCE is the largest crypto trading platform in the world, & a competitor of FTX. They are the ones who made a public statement that started the dump of everything related to FTX. Eventually this bankrupted the company.
Sam tried to sell off FTX before going bankrupt, but an astounding accounting find came to light. The company had spent all their money. BUT WORSE! They spent their customers money also!!! (This reminds me of Bernie Madoff and his hedge fund scam.) But there is even more, yes indeed!
All the money cannot be accounted for. There is ties to many organizations like the U.S. Democratic party, the WEF (World Economic Forum), even Ukraine! BUT...there is more than that, listen in.
John Ray & his team has now been hired to forensically investigate FTX. He has investigated ENRON & many of the other biggest scam companies in recent history. He says, "This situation is unprecedented!" Wow & he is just getting started.
You may have also heard the celebrities involved with FTX are also being sued. Like Tom Brady, Shaquille O'Neal, Naomi Asaka, Larry David, & more.
NOW, Sam should be in jail. INSTEAD he has a speaking gig coming up for $2,400 a ticket! With some very well know influencers. So I remain very skeptical about Sam ever getting in trouble. He may end up dead though. Which sounds like he deserves it.
Either the peoples lives he ruined will come to collect, or the evil handlers using him as a patsy will suicide him. This is my guess. One more...he will disappear. He has powerful worldwide connections, so it can't be ruled out. There is way more detail on each subject in this episode.
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