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FTX Founder Faces 115 Years in Prison
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675,071 Views ‱ Nov 4, 2023 ‱ Click to toggle off description
Sam Bankman-Fried and his company FTX were once the stars of the crypto space but all was not as it seemed. After his fraud was uncovered, he was held up as everything wrong with the financial world. In this episode we cover the court case of SBF, where the money went and how his ex-girlfriend Caroline Ellison told all.

-- About ColdFusion --
ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.

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-- "New Thinking" written by Dagogo Altraide --
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Producer: Dagogo Altraide
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Views : 675,071
Genre: Science & Technology
Date of upload: Nov 4, 2023 ^^


Rating : 4.953 (289/24,314 LTDR)
RYD date created : 2024-05-17T04:22:57.68233Z
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YouTube Comments - 2,640 Comments

Top Comments of this video!! :3

@luckyducky7819

6 months ago

People went to FTX because they were afraid of being screwed over by a bank. Yet in the end, they were still screwed over by a Bank-man.

2.6K |

@FairBeautyEssentials

6 months ago

I do not understand why everyone keep calling them kids? These are grown a*** adults and they are all in their 30s. These are not kids, they are not children🙄

2.2K |

@LiterallyJustAnActualPotato

6 months ago

The part about his dad whining about a $200k salary was very eye opening and also made me feel sick. Sam isn’t an anomaly. He comes from a family of people just like him.

1.1K |

@theREALChadsexinton

6 months ago

One funny detail worth mentioning. This is from the Verge article on the trial. “Cohen [SBF’s lawyer] said the prosecution was trying to make Bankman-Fried into a villain. He then showed the jury a number of photos that made Bankman-Fried look, well, bad: him hanging out with Bill Clinton and Tony Blair, lounging on a private jet, and at the Super Bowl with Katy Perry and Orlando Bloom. I don’t know why Cohen chose to remind us of these photos, but he did. Yes, the prosecution was painting an uncharitable picture of Bankman-Fried but there’s no need to reinforce it.”

70 |

@misterpink8099

6 months ago

It seems to me that his parents had a much deeper involvement than what we have seen so far. Also to consider; they are professors of ethics in business/finance yet didn't know what their son was doing? I don't buy it. There is no way there is no scumbaggery on their part.

2.3K |

@SirRichardHardenThicke

6 months ago

That courtroom sketch artist wasn't flattering, they made Caroline look like a melting wax figurine. I love it.

1.5K |

@rumatadestora

6 months ago

I didn't think Ellison could look worse, until I saw those courtroom drawings of her. Give the artist a premium!

37 |

@l.rongardner2150

6 months ago

I have a background in legal philosophy - and after extensive consideration of the facts of the case, I have determined that Bankman-Fried only deserves 110 years in jail, and that 115 years would represent a gross, unjustified punitive penalty.

391 |

@HorizonOfHope

6 months ago

His mistake was stealing from rich people. Steal from the poor and he would still be CEO and on the board of a few major banks.

199 |

@StimParavane

6 months ago

That's the best laugh I've had for a while - his parents are Professors of Legal Ethics at Stanford Law. You couldn't make that up.

247 |

@ismailnyeyusof3520

6 months ago

Sam’s parents held their faces in their hands after the jury delivered its verdict most likely because they saw their own careers, and everything they used their lifetime to build, crumble before their very eyes.

139 |

@robz9988

6 months ago

Shouldn't his parents be charged as co-conspirators? It seems they helped him do what he did and received $20 million+ themselves!

125 |

@killingsley

6 months ago

Society is so obsessed with money that no one questioned how a 30 year old amassed a 30B net worth in 2 years until it was too late.

889 |

@MrTaxiRob

6 months ago

insane that his parents knew exactly what was going on and aren't going to prison for twice as long

476 |

@UganWopla

6 months ago

I have subscribed to Coldfusion since a long time when there were not that many great documentry channels. Even after so many years Coldfusion excels. The way he writes a documentary with viewers in mind is just phenomenal. Keep doing this..

28 |

@marekdabrowski5799

6 months ago

Love your voice and the material you present .... thank you!

1 |

@stevieavail5773

6 months ago

It's crazy to me how often this sort of thing happens. A person is elevated to the status of "brilliant businessman" or "financial genius" or something to that effect, they are featured on the covers of magazines and on news programs, everyone is enamored with their wealth and success... and then it turns out that they are a giant fraud.

559 |

@nosteponsnek2617

6 months ago

Everyone said, before the trial, how incredible it was that he was fully incriminating himself on every podcast and interview that he could make an appearance on. The typical sign of an egomaniac and sociopath, thinks no matter what he did that it was either justified or not wrong. If he is not sentenced to life, the justice system needs to be overhauled.

807 |

@conjam86

6 months ago

The parents gave him credibility and profited off stolen money. They need to be locked up with their son

11 |

@augormasterson9312

6 months ago

The court room sketch artist is the true hero of this whole story

97 |

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