Ian McGinley, Akin Gump Partner and Former SDNY Co-Chief of the Complex Frauds and Cybercrime Unit, joins Yahoo Finance Live to examine how Sam Bankman-Fried may be expected to testify following plea deal agreements from other FTX defendants.
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#yahoofinance #ftx #sbf
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I countless shared my experience with co workers at work on how i made $23,000 from $2000 in 7days of trading
When someone is straight forward in what he or she does people would always testify for them
the dad of samuel organized it upfront and knows to take drugs , and nice mom too .
This is not a crypto case. This is simple embezzlement…aka theft.
Bring in DoKwon for justice. He deserves jail time.
You can personally pay for that to happen. If only the government would increase your taxes by 200% to make that request possible.
I invested 20 bucks in FTX crypto. I hope I can recoup at least $10.
I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. i need to know how to go about it.
ladies and gentlemen observe how the activity of scam and fraud continues (real time) in the chat of a news story about Sam Fried/FTX.
No Steve won’t make you money
It’s got all the classic hallmarks of a bubble. Be careful.
If it seems too good to be true, it probably is. And $972,000 from $200,000 in 3 months is too good to be true. That’s about 1800% p.a., think about it. It’s snake oil, a con.
What you need to know is that there is no such thing as a “get rich quick scheme”.
You need to ignore the nonsense that gets thrown around at these seminars. The only people who get rich out of those seminars are the hosts.
You need to find a good financial advisor and accept reality.
@Trevon Jackson like SBF and Kevin O’Leary before their truth blew up?
Put Cramer in the clink too
and Cavuto, Kudlow, too.
Smart attorney in this interview, he’s a good one.
Good work By Gary Gensler? Are you on crack? Gary Gensler is the main reason this happened in the first place! The regulator met with Sam so many times!
That token and other tokens are different. Cardano XRP are not securities
Is that Ryan Reynolds?🤐
Yup guilty as hell politicians in Congress are scrambling, hey where’s that 40 million huh!
How the hell did he put up $250M in collateral??? That’s impossible. These deals were all made behind closed doors. Super shady.
gensler put up bail.
Exactly my thought. HOW is someone who claimed he was broke come up with this? I smell a RAT.
It’s extremely shady. One would imagine that many assets connected to SBL could potentially be seized either to pay back creditors or through RICO.
It’s a signature bond-which is a joke. Prosecutors trying to make themselves look good.
The speedy prosecution is a result of FILTHY DEMOCRATS being involved on every level of this epic theft.
Those snitches lying, my boy is innocent
Media hype….
Caroline Ellison is the one who lost all the money with bad trades so why go easy on her?
@Flashyfinancier lmao “muh equality”
@Insector woke feminists dont want everything to be equal. Just the convenient things
We haven’t seen her sentence yet. I dare say that she is still in a bucket load of trouble and is almost certainly going to experience some major lifestyle changes
in the near future.
Corruption…
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When will garry gensler be in jail?
SBF gets on a private jet, flies to Dubai, no one ever sees him again
Are his parents at legal jeopardy?
SBF’s got several charges of conspiracy, and at least one parent was on the FTX payroll
Why do they move so slow when it comes to criminal working in Wall Street, oh they friends. The people aren’t stupid.
Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ…
Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ.✍️✍️
Only mistake made was staying in a country that extradites bwahaha
Life comes at you fast. Hopefully crypto booms when this clears.
Sam… hang in there buddy— use this time to plan for web4.
Kevin O’Creepy is silent at the moment, wonder why. Probably lawyered up.
Sam could’ve made 100 billion on the FTX diet. Lose 35 pounds in 2—3 weeks and look good. The good news; no drugs or exercise. The bad news……
There going to say whatever the prosecutors want, the evidence is immediately tainted as far as I’m concerned.
T
With these two key players they could find a lot of scammers and ransomware operators as the investigation continues
They’re going to snitch on his behind sooo bad
Maybe SBF can create a prison crypto fund and generate transaction fees?
He can trade sopitas!!
Lol
The Irony, Bank Man Freed.
This isn’t about fraud, this is about old and new, a paradigm shift. An outdated political 2 party sytem, politically manipulating a modern 2 party sytem that runs on 1s and 0s. Politicians will be theatre art in the years to come.
I’m surprised he hasn’t been assassinated… people get killed for less every day.
How does a currency exchange company pass regulations to put their name on the side of a county building for over a year and now it’s comsidered fraud? Is someone not doing their job correctly in the government sector (sec), or is our political sytem broken? This is a battle of old and new, not ponzi schemes. This is an outdated 2 party sytem that runs on political narratives corrupting a new age party sytem that runs on 1s and 0s. The good news, No need for political devide with a sytem that runs on 1s and 0s. Politicians will be theatre art in the years to come.
Counsel McGinley gave succinct and accurate assessments of the facts…refreshing! Excellent answers to the obvious FTX financial improprieties questions. SBF is totally screwed and his parents his parents failed in their obligation to raise a competent, law abiding member of society with solid ethical values. They produced a world-class criminal.
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that’s not how the people would interact on youtube. what a bunch of bots and scams.
The speed of incredible work is no means by paying customers back this is concealing the identities the accounts the constituents of the democratic party who accepted these donations possibly money could be funneled to Ukraine how coincidental that’s a different story for another time but look into this people this is fraud all the way up to the White House. People of power like attorney general in the past that was found guilty visiting Jeffrey Epstein’s home reluctantly quit his position at the White House during the Trump administration you all know who it is.
The FBI lied to all the American people just as usual they stated he was going to go to a Manhattan prison but he ended up going to a democratic state run correctional facility how convenient the button administration is when they won’t even come to the border of lower America to see the influx of illegal immigrants criminals drug dealers pedophiles that are entering America it doesn’t concern them one bit.
The truth is Biden and his administration of democratic leaders in America wanted the whole lump sum of Bitcoin now they want to cut it off to prevent future progress that’s not in line with their spectrum of belief which damages millions of people. How come Biden has not come to South of the border we have millions of illegal pedophiles gang criminals tattooed individuals that will sleep eventually with your children one day and breathe interbreed criminals in the future and you allow Biden to operate in this world
Would’ve set his bail at 1 billion +
It’s not a failure of crypto because it successfully lost people money
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The SEC was meeting with FTX how did they not know what was going. The SEC need to be investigated.
From what I heard the SEC did suspect but all the politicians he donated to pushed them to back off. The speed with which they filed charges mean they’ve probably been investigating FTX for awhile.
The SEC dropped an action against FTX last night – watch the video at around 5:30, they discuss it. In all likelihood there have been multiple investigations into FTX for months now, and FTX’s sudden bankruptcy forced a bit of a sprint to the courthouse. But the hammer was already coming down.
There are more than 3,000 crypto coins in the market. It is probably less than half now. The BS: They will help the unbanked…… just like HSBC. LOL
it doesn’t matter what he says hes the CEO ultimately he is responsible. If people belive him their idiots, anyone can see this is fraud
Good reporter, he was on top of the industry and I liked listening to him.
This points to the Democrats receiving fiat money for their campaign, from SBF and FTX. Serious money laundering by democrats, pushed through Ukraine, and back to Dems. Guilty, all the way around.
📊📈📝ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ…
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ʟᴇᴛ’s ᴛᴀʟᴋ ʀɪɢʜᴛ ᴀᴡᴀʏ!!….
✙𝟷𝟹𝟹𝟺𝟼𝟻𝟻𝟻𝟽𝟿𝟾
Politicians are calling for a ban on crypto. This Sam Bankman Fraud just destroyed a lot of hope.
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I hate that they’re probably discussing a Netflix series right now. More money for them
Lol! If I robbed everyone I met for the rest of my life I couldn’t get that much money!
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His parents need to be in the slammer too
I’m so excited 😊, my life has totally Changed since I invested $3,500 and now make $31,900 every 10, days. God bless Expert Michael Allen
He’s truly a licensed trader, I just contacted him
that’s correct, he presents his certificate before investment is made
If that’s the case, I’m reaching out to him ASAP!
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Blockchain has all the record so the coins have all the record.
There is more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future. It’s not me being bearish for the sake of being bearish. It’s looking at the overall picture and there’s really nothing overly
How does this Bitcoin stuff work, I am interested and willing to invest heavily as I have heard too many testimonies
Mrs Erica Denise service is really good, I invested $22,000 and made a profit of $81,000 after a week. I still wonder how she gets her analysis
Wow!! Impressive you trade with Mrs Erica Denise Melissa too! I thought people don’t know her that well…. She’s really awesome!
How can get in contact with her? And amount needed for a nice start up? Am interested to invest please.
What? No tee shirt and shorts! Suddenly he wants to look respectable?
Scam Bankman Fraud = hairy Plotter
@Mika Filtenborg I’m not secm
All I’m say is that if your name is ‘Wang” you definitely do not wanna go to jail !…
Happy Holidays
‘Fessing up first should not give anyone a get-out-of-jail free card.
SBF was hailed as this wunderkind financial genius, yet he committed bog standard embezzlement that anyone could’ve found if they had looked.
Let’s sweep this S under the rug as fast as possible
Bitcoin will go to the moon! Weed out the scammers and crypto will be legitimate. 1 million
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Everything is just a passion play. Super annoying just arrest him, take him out whatever needs to be done. This is what’s wrong with our justice society
He’s the sideshow bob of crypto
He has to waive extradition. Cells are better in the US than in the Bahamas. Moreover, his conditions in fox hill was really like a penthouse compared to the other inmates.
Scam Bankman Fraud – dont drop the soap🧼 ‼️‼️‼️‼️😬
Where’s Kevin O’Leary now?
He f’d over the bank accounts of some powerful dangerous people. Nerdy spoiled entitled little C’sucker won’t last long in or out of prison imo.
Well, if nothing else Crypto is creating a lot of job opportunities for specialist prosecutors
Sbf is going lie all the way through to stay out of prison
Caroline you’re still going to jail for 75 years you little hobgoblin.
Why we dont know what the plea sentence range is for ellison and wang? Usually when you cop a deal, they give you an idea..they not gonna plea bargain without any idea of the estimated punishment right?
Wahahahahaha! 150 years jail time..
They probably used the Netflix deal as collateral for the bail.
SBF will also benefit from the First Step Act
And these are the people we were going let help change the world? “Nerds who cant handle real life can’t handle pressure, can’t handle money” look at them.
ꜱᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ ᴡʜᴀᴛꜱᴀᴘᴘ ʀɪɢʜᴛ
ᴀᴡᴀʏ✏︎✏︎✏︎ ✙𝟷𝟺𝟶𝟽𝟻𝟹𝟼𝟼𝟶𝟻𝟸💬
blockchain was designed to beat fraud . this has nothing to do with crypto
*”There is no chance, no destiny, no fate, that can hinder or control the firm resolve of a determined soul.”* —Ella Wheeler Wilcox
Weak interview
I saw where Kevin o’leary is on FTX management and scam is on Mr wonderful’s management. I think the company is wonderfi.
I don’t know, I was negligent? I’m no Bernie Madoff.
It’s all very confusing
Let’s hope SBF taped some of his private discussions w/Gary Gensler. Throwing Gary under the bus maybe SBF’s only leverage. Think About It.
She got such a sweetheart deal because her dad went to college it ginsler! Ummm can you say just maybe she’s being protected to daddy’s little girl and just maybe her dad and ginsler too ! Smells like insider corruption all the way around! All the way to the Congress, even the White House! And across the world to Ukraine!
He will never serve any real penalties!
He knows the long list of names of those who have corruption!
I expect a sudden sucide in this story
it look like the end of Cryptocurrency ! FED and the goverment What they need to do is Stop this Crypto and just let the Bitcoin !!
All this comes out right after the election, an election he was a major donor for.
That owl 🦉 faced girl.
Specifically, she told a judge earlier this week she and Bankman-Fried conspired to steal billions of dollars from FTX customers, as she appeared in federal court to plead guilty to seven criminal counts, according to a court transcript reported by Wall Street Journal and Bloomberg.
In the background It was a planned stock market crash to show the whole world how unsafe it is to invest in cryptocurrencies and finally to bring the government’s own programmable 🌐”CBDC”⛓️ into the market, that’s the main🎯goal.
It pisses me off that she will go free for probably just reiterating the evidence they already have against him in court. There was a back room deal done somewhere
I dont think so, but she just admitted that it was a fraud from the get go.
I hope they stitch on everybody!
Bring on the next scam.. no doubt this won’t be the last. A fool and his money is soon partied 🤗
Well if he doesn’t know the fund were being sent, then why is he the ceo? How can you not know when billions of dollar were being sent?
Because Samuel is special .
It’s obvious that the prosecutor is out to hurt Samuel. The nerve on a holiday too.
Guy at the end makes me realize eventually Logan Paul is gonna get arrested… hehe… awesome.
It is impressive indeed!
Good work Caroline…..someone has to spill the beans…
🙏🇦🇺🕯️