Kevin O’Leary never invested a dime in FTX, in any form. He led people to believe that he did, calling himself a “venture capital investor” in FTX. They paid him $15M of stolen money to promote their scam and he claims that he left $9M in the exchange that has disappeared.
His own claims would mean that he’s $6M in the green on his scam promotion.
His own claims would mean that he’s $6M in the green on his scam promotion.
Not surprising.
Sam Bankman-Fried should plead quickly and offer full cooperation. In the course of cooperating, his sentencing can be delayed for a very long time.
How he is sentenced depends on which judge he draws. Best case scenario for him would be something like 21 years. Worst case would be 30-life.
Sam Bankman-Fried should plead quickly and offer full cooperation. In the course of cooperating, his sentencing can be delayed for a very long time.
How he is sentenced depends on which judge he draws. Best case scenario for him would be something like 21 years. Worst case would be 30-life.
I’ve been pondering… If you took 100 generic analogs of Sam Bankman-Fried in terms of age, upbringing, education, looks, etc. and thrust them into the position that he was put in, with so much success in so little time, how many of them would comport themselves without making a fatal error?
JACOB WOHL
I’ve been pondering… If you took 100 generic analogs of Sam Bankman-Fried in terms of age, upbringing, education, looks, etc. and thrust them into the position that he was put in, with so much success in so little time, how many of them would comport themselves…
Let’s say that it’s mid-2019. Alameda Research exists as some kind of $8B hedge fund with the money of ultra rich investors and institutions.
If that goes bust, no one really even notices.
Then FTX crops up and starts raising money. If there were merely some accounting or legal issue early on—they catch it in due diligence quickly. Maybe they install accountants and lawyers and clean it up. Keeping the train on the tracks. Or maybe they just choose not to invest. But in no world should this debacle have ever been enabled by VC’s.
If that goes bust, no one really even notices.
Then FTX crops up and starts raising money. If there were merely some accounting or legal issue early on—they catch it in due diligence quickly. Maybe they install accountants and lawyers and clean it up. Keeping the train on the tracks. Or maybe they just choose not to invest. But in no world should this debacle have ever been enabled by VC’s.
JACOB WOHL
Let’s say that it’s mid-2019. Alameda Research exists as some kind of $8B hedge fund with the money of ultra rich investors and institutions. If that goes bust, no one really even notices. Then FTX crops up and starts raising money. If there were merely…
The VC’s at Sequoia et al do not need the SEC spending taxpayer dollars to chase down FTX money on their behalf.
They need to be charged with criminal negligence.
They need to be charged with criminal negligence.
When a startup gets to the level where it’s bringing in tens of millions of dollars in revenue, the board of directors should require that the company pay the founders salaries in the range of $1M-$2M.
This business of having broke people run companies that are doing tens or hundreds of millions of dollars in revenue is insane.
It also means that people who don’t come from an extremely privileged background, like Sam Bankman-Fried, can’t really consider the startup world.
VC’s say: “They’ll be more effective at running a highly complex colony if they’re literally starving….” WRONG.
It means that founders have to enter the world of creative accounting to pay their basic personal bills. And they have to hit four home runs and pitch a perfect game in order to make any money at all. This makes fraud much more likely.
When people are generating hundreds of millions of dollars in value, the decision to not pay them a top 1% salary is just utterly foolish.
This business of having broke people run companies that are doing tens or hundreds of millions of dollars in revenue is insane.
It also means that people who don’t come from an extremely privileged background, like Sam Bankman-Fried, can’t really consider the startup world.
VC’s say: “They’ll be more effective at running a highly complex colony if they’re literally starving….” WRONG.
It means that founders have to enter the world of creative accounting to pay their basic personal bills. And they have to hit four home runs and pitch a perfect game in order to make any money at all. This makes fraud much more likely.
When people are generating hundreds of millions of dollars in value, the decision to not pay them a top 1% salary is just utterly foolish.
When VC’s allow people who are cash-broke to run their billion dollar portfolio companies, they are endangering the public.
When someone says that Nick Fuentes is dangerous, I know that they’ve never actually seen his followers.
The groypers are the most ineffectual looking people on the planet.
The groypers are the most ineffectual looking people on the planet.
In 2016, this woman, named Sarah Ransome, asked the New York Post for $1M, claiming that she had a secret tape of Donald Trump having sex with Hillary Clinton.
Later, in a deposition, she admitted that this was a total lie and an attempt to scam the New York Post. In the same deposition, she was caught lying about involvement in the Epstein saga, giving impossible dates, times and locations. That didn’t stop Netflix from featuring her as a “victim” though.
The Daily Mail should be ashamed running this nonsensical clickbait.
https://www.dailymail.co.uk/news/article-11534545/Jeffrey-Epstein-victim-claims-watched-sex-tapes-pedophile-wealthy-associates.html
Later, in a deposition, she admitted that this was a total lie and an attempt to scam the New York Post. In the same deposition, she was caught lying about involvement in the Epstein saga, giving impossible dates, times and locations. That didn’t stop Netflix from featuring her as a “victim” though.
The Daily Mail should be ashamed running this nonsensical clickbait.
https://www.dailymail.co.uk/news/article-11534545/Jeffrey-Epstein-victim-claims-watched-sex-tapes-pedophile-wealthy-associates.html
Mail Online
Jeffrey Epstein victim claims to have seen sex tapes of the pedophile
Epstein victim Sarah Ransome claims in a newly released deposition that she personally watched sex tapes the late financier took of his friends.
JACOB WOHL
In 2016, this woman, named Sarah Ransome, asked the New York Post for $1M, claiming that she had a secret tape of Donald Trump having sex with Hillary Clinton. Later, in a deposition, she admitted that this was a total lie and an attempt to scam the New…
If Sarah Ransome ever did meet Epstein, it was at age 22 as a consenting adult prostitute.
Most of the high profile Epstein “victims” trotted out by the media have either turned out to be adult prostitutes who serviced Epstein or just complete liars who were never anywhere near the situation at all.
Kevin O’Leary’s crypto analysis made a lot of sense before he was paid $15M by FTX.
https://youtu.be/SmjUvdJdlDM
https://youtu.be/SmjUvdJdlDM
YouTube
Watch Shark Tank's Kevin O'Leary challenge the bull case for Bitcoin
Anthony Pompliano, founder and partner at Morgan Creek Digital Assets, joins "Squawk Box" along with Shark Tank's Kevin O'Leary to discuss the latest surge in cryptocurrencies amid a market sell-off.