Wolf of Wall Street' says Sam Bankman-Fried should 'shut up and listen to his lawyers'
after he was accused of defrauding his investors. Belfort called the arrest "shocking" because the former crypto CEO was about to testify before Congress and "spill his guts." Belfort, who was guilty of crimes related to stock-market manipulation and rose to fame after actor Leonardo DiCaprio played him in the movie "The Wolf of Wall Street," also asked if "there was any pressure put on" Bankman-Fried "by the Biden DOJ.
But Belfort explained that FTX’s financial records will reveal the true extent of fraud at the company. "You have no way of knowing how much fraud someone is committing unless you can look inside their books," he explained. " lifestyle in the Bahamas and enjoying a $40 million penthouse before his crypto empire disintegrated. He also famously engaged in a form of investing called "effective altruism" and told the media that he planned on giving most of his wealth away to make the world a better place.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX's Sam Bankman-Fried arrested in Bahamas, authorities sayIn a statement, U.S. Attorney Damian Williams said: 'Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. government, based on a sealed indictment filed by the United States Attorney’s Office for the Southern District of New York.'
Read more »
Breakingviews - Breakingviews: Sam Bankman-Fried lacks cover of systemic riskSam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. That hasn’t happened to many mainstream financial hall-of-shame executives in recent years. Questions of guilt aside, the decentralised nature of the product SBF was promoting may have played a role.
Read more »
FTX founder Sam Bankman-Fried arrested in Bahamas after U.S. files criminal charges - Jacksonville Business JournalHis arrest comes barely a month after the crypto exchange filed for bankruptcy.
Read more »
Top US Lawmaker Says FTX Hearing Will Continue Without Sam Bankman-FriedHouse Financial Services Committee Chairwoman RepMaxineWaters was 'disappointed' that arrested SBF_FTX wouldn't appear at the FTX hearing scheduled for Tuesday. Reports egreechee
Read more »
Fall from grace: Crypto's golden boy Sam Bankman-Fried arrested in BahamasIn a stunning development, former CEO of the cryptocurrency exchange platform FTX was arrested on December 12 at his apartment complex in The Bahamas.
Read more »
US Reps question timing of Sam Bankman-Fried’s arrestUS lawmakers are among those lashing out at the timing of disgraced crypto king Sam Bankman-Fried’s arrest in The Bahamas — a day before he was set to testify before Congress about the …
Read more »