FTX

“There was a lot of assets that they were holding that were strongly tied to the success of the FTX exchange, and which a lot of these insiders have testified would never be able to be liquidated at anywhere near the price that they were putting on their balanc…”

“This is one of the largest financial frauds that we've seen in a long time.”

“Caroline Ellison testified to preparing balance sheets for the company and then at Sam Bankman Free's request, preparing what he referred to as alternative balance sheets. And those were basically Copies of the balance sheet where she would move around or rena…”

“Alameda Research also traded on the FTX exchange, and they served as a market maker there, and they were given the ability on that exchange to draw down a line of credit such that they could have a massively negative account balance on FTX. And that's somethin…”

“I think that may ultimately not be super relevant to Sam Bankman-Fried's legacy. I think it's hard to overcome the perception in the public eye that he was a fraudster, which, you know, he was regardless of whether or not customers are made whole.”

“During the court, during the case you saw month after month, that line item go from like eight billion to ten billion to thirteen billion. And then the net asset value within FTX hover somewhere around six to eight billion.”

“Tom Brady, who, I wrote it down, he was paid something like fifty-five million dollars for 25, for 20 hours of work.”

“Yeah, I think you will be found guilty, at least on, you know, substantial number of the charges. It's hard to say, and I'm certainly not legally qualified to. ... Yeah, so, I think that, you know, 1020 years is probably the minimum that we'll be seeing but I …”

“And then there were also emails from his mother, who was a very active political, ah, sort of philanthropist. She ran a fund to try to donate to progressive causes, and she was effectively making, you know, giving advice in these emails about making straw dona…”