Uploaded November 2023 | Updated September 2026, 2 weeks ago

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OUCH 😂🤣🤣
This actually didn’t age too poorly
he was kinda right when he said:
eaaeaahhhhh, I dont think so....

FTX ads featuring comedian Larry David.... Sam Bankman-Fried convicted of multi-billion dollar FTX fraud. FTX founder Sam Bankman-Fried was found guilty on Thursday 2nd Nov 2023 of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.

Prosecutors argued during the trial that Bankman-Fried siphoned money from FTX to his crypto-focused hedge fund, Alameda Research, despite proclaiming on social media and in television advertisements that the exchange prioritized the safety of customer funds.

Alameda used the money to pay its lenders and to make loans to Bankman-Fried and other executives - who in turn made speculative venture investments and donated upwards of $100 million to U.S. political campaigns in a bid to promote cryptocurrency legislation the defendant viewed as favorable to his business, according to prosecutors.

A 12-member jury in Manhattan federal court convicted Bankman-Fried on all seven counts he faced after a monthlong trial in which prosecutors made the case that he looted $8 billion from the exchange's users out of sheer greed.