Bitcoin investor and co-host of the “Orange Pill Podcast” Max Keiser unfolded the steps that alleged big crypto frauds like Sam Bankman-Fried take in cryptocurrency scams and how these scandals negatively impact the economy on Fox Nation’s “Tucker Carlson Today.”
The key to Sam Bankman-Fried’s “empire of fraud is that he created his own play money token called FTT, and he was able to create that without any oversight or any tie to anything underlying giving it value whatsoever,” Keiser said.
Sam Bankman-Fried, founder and former CEO of FTX, grew up in California. After attending college, he began his career in the crypto market. The 30-year-old founded the company in 2019 in Hong Kong and then relocated the company’s headquarters to the Bahamas in 2021. Prior to its collapse, the cryptocurrency company was worth $32 billion and according to reports from Bloomberg’s Billionaires Index, Bankman-Fried’s net worth, at one point, reached $26 billion.
Many individuals invested in the failed crypto company, including big names such as, NFL legend Tom Brady, NBA star Stephen Curry, NBA legend Shaquille O’Neal, MLB Hall of Famer David Ortiz, billionaire entrepreneur Mark Cuban, comedian Larry David and more. The celebrities are now faced with a lawsuit for endorsing FTX before the company went bankrupt, costing individuals billions.
FTX CEO SAM BANKMAN-FRIED DENIES HE WAS TRYING TO BUY INFLUENCE WITH DONATIONS TO NEWS OUTLETS
Keiser labeled Bankman-Fried’s FTT…
