Bernie Madoff is how the media and the "elites" react to a Jew stealing from other Jews. This is how they react to a Jew stealing from the gentile rabble. It is business as usual. No big deal. Nothing to see here. Keep voting Democrat and Neocon.
Or he's clearly in some bigger scheme hence why nobody is attacking him publicly and all the puff pieces. Doesn't add up there was more planned with this
Sam Bankman-Fried's parents are law professors at Stanford Law School. Here some of their publications: 1. Beyond Blame, by Barbara Fried 2. Against Empathy, by Barbara Fried 3. The Limits of Personal Responsibility, by Barbara Fried 4. Modelling the Tax Shelter World, by Joseph Bankman 5. The New Market in Corporate Tax Shelters, by Joseph Bankman 6. Substitutes to Insider Trading, by Joseph Bankman
This is like robbing a house, burning it to the ground, then saying “I had a bad day” with people saying “he was always a nice kid” as vouchers when asked about it. People really are just not accepting that they got duped, which is so sad to see. Genuinely concerning.
Bloomberg not reporting the story due to a conflict of interest was extra spiccccy. Keep up the great work coffeezilla. You feel like one of the only true journalists these days
Except the conflict was probably the fact that it’s an election year and they funneled a ton of taxpayer money to American politicians. It’s pretty convenient all this came out the week after the election
Back doors are never accidents. That's not an oversight. That's a deliberate scheme to give your partner company an advantage. Especially if they're lying about it. Awesome video as always
It's like the Ultimate Bet scandal, the owner got a hold of a superuser account to play with. Pretty interesting docu back then. Lol @8:45 they speak about it ;)
I mean take the analogy to its logical conclusion and you see how ridiculous these claims of it being an accident are. Imagine if a construction firm built a secret entrance to the vault of a bank when constructing the building. Now imagine they tried to blame that elaborate secret entrance on a rogue employee when funds started going missing. Nobody would accept that in physical space, it’s crazy people accept it in cyberspace.
I am surprised more people are not talking about his parents - these are well informed lawyers and they were purchasing properties in the Bahama's - their involvement is setting up these tax structures and trusts should carefully reviewed
The dissemination of assets will be followed but here is the problem. This money will not go to investors! It will go to the Consumer Protection Financial Bureau. They kick it back to the corrupt politicians on the dole from the CABAL! EVIL MOFOS!
That won't happen. Truth is politicians are involved too. Sam is the fall guy, we will never get more than him and maybe a couple others if we lucky. Corruption runs way deeper than even coffee lays out in his videos. It goes all the way up. Literally. It's sad. Think about it, if the FBI gave a fuck, they'd do something. They aren't, but you know what they do want ? US digital currency replacing the physical dollar. That's going to be the proposed solution to the crypto problem. If not right away, it'll be slowly adopted through future legislation made possible by specifically writing legislature in an opened ended way, so it can be modified easily. Same strategy used to create the federal reserve.
Yeah I really hope he will stay that way and not let the fame and popularity go to his head like what happened to other UA-camrs (Jake Tran, TechLead, etc.)
It made me really question his journalistic integrity that he supports the "accountants in the Metaverse" claim (around 14:25), when the firm actually has no less than 23 physical addresses all over the world listed on their contact page, in addition to the one in Decentraland. That makes me think this guy isn't above spinning the truth in service of a good punchline/narrative.
When getting my bachelor's in engineering, I had a professor that would always say: "The simplest explanation is usually true." In this case, fraud is the simplest explanation.
I think they probably knew he was lobbying politicians. Its possible he told them he was literally committing fraud, but I think he'd prolly leave that out lol
Saying that a backdoor is an accident is like building a tunnel to a bank vault and using "I don't know how that got there and, I didn't know where it led" as a defense. This whole thing exposed how corrupted and how big of a joke the whole financial system is.
Crypto is an almost entirely unregulated industry, and any oversight U.S. regulators would have had was nullified by FTX being headquartered in the Bahamas.
well, usually most financial institutions require licenses to provide financial advice (uk, aus, nz, etc), as well as approved policies and controls to provide governance ensuring everyone is compliant with anti money laundering and countering financial terrorism acts. BUT, the crypto scene is new and abusing the lack of knowledge by bypassing the regulations, only a matter of time before they all get nuked with regulatory regimes. - former compliance officer in NZ
The whole malevolent vs incompetent stops the minute you remember that SBF and Caroline Ellison both worked at Jane Street. This is a serious firm that would have put them through KYC, AML and risk management trainings because it’s not only industry standard practices but also mandated by regulators. They would have learned the value of an accountant and reporting during their first week at Jane Street. Keeping company assets and client deposits segregated is literally the first thing you learn in a trading shop.
Considering how they are rich kids and obviously spoiled to hell and back i doubt the princess did any of that. She was probably handed the position. Just like his whole math at MIT thing. Question that too.
Anyone with money can buy a masters, doctorate or now its nothing more then a piece of paper that says you can pass go. At this point in time nothing is valid not even an election. He with the most fingers wins and it seems there are to many to count. Whatever that means. 😂
"I forgot to hire an accountant, because I got high, I forgot my parents even wrote those books, because I got high, now some people seem to want my head, and I know why, hey, hey, because I got high, because I got high, because I got high "
Coming back after the guilty verdict is very satisfying. I don’t know if going through the documentation is a cathartic to anyone else, but it feels good to hear this when we know he’s a convict.
So Bloomberg has become the rating agencies in 2008, that refused to mark down the CDO's that were junk because they'd lose business. Keep up the great work Coffee.
Fvck O'creepy, I don't fvck with him anymore after this bs. I used to value his opinion watching shark tank etc...but nah, he's the only one involved with this bs out of the whole shark tank bunch...I wouldn't want his backing on any company of mine.
Having BOTH parents as compliance lawyers informs a kid on how they can bend the rules without ever getting caught. Our legal system, when it comes to financial crimes, is very flawed and intended to punish people only when it affects the class that runs the system.
The problem is journalism has become this club of elitist who aren’t in there to “find the truth” but to use it as a prestige title. A lot of these people are buddy buddy with the people they should be exposing and they act as their glorified PR firm. I’ve seen this pattern though in games journalism and movie/TV journalism and it doesn’t shock me that nobody takes them seriously anymore.
This guy is a hell of a journalist, and it's nice to have a platform that won't kill his stories due to a conflict of interest. I'm a little surprised that he isn't getting sued all the time in an attempt to silence him.
The fact MSM wouldn't cover it from a credible witness before it happened due to a conflict of interests says it all. Keep the ad $$$$ flowing and we will look the other way.
@@kirstenmaclellan3182 No, you can *always* sue. You will probably lose, but you will definitely cause your target to spend huge amounts of money on lawyers first. This is a weapon that powerful interests have against lone individuals who speak the truth about them.
Reminder that Jeff Skilling was in a congressional hearing, telling the American public that nothing was wrong at Enron, while at the same time their accountants at Arthur Andersen were shredding thousands and thousands of documents.
I love how stupid those accountants were. Anyone with half a spine gets the order to shred documents, and walks the F out with ironclad whistleblower protections. I would have gone directly to the FBI, skipping Go, but collecting a fat whistleblower award. Note to any future employers: if you ever ask me to do something obviously illegal and immoral, I will never stop laughing in your face.
This is why Sammy was not arrested right away. The SDNY is orchestrating this arrest and cover up. We need to arrest all of SDNY and Tribunal the animals!
@@aluisious not saying your wrong because your not your spot on but money changes people and just like that people at the top there making bank because if the people at the top got to pay off anyone it’s the accounting dept because they see the books
@@aluisious also whistleblower protection was not the same back then - the federal Whistleblower Protection Act in place at the time only guaranteed protection to federal employees (OSHA had a program to protect discrimination or retaliation in the private sector, but there’s no payout.) However, newer protections were actually passed BECAUSE of Enron as part of the Sarbanes-Oxley Act that extended federal whistleblower protection to employees of public and private companies who are reporting fraud and SEC violations. Fun fact from a friendly accountant, not all of us are dumb or evil, I promise 😅 But with the above in mind, obviously the Houston audit team were beyond stupid and literally destroyed the lives of thousands of others across the entire firm who literally had nothing to do with anything. It was literally a single audit partner who brought an entire accounting firm to the ground 🙄
@@HayleighPaige So I honestly just avoid jumping into Enron conversations because during the peak of Enron's rise, I was just working to get licensed as a financial adviser and I was consumed by the Enron scandal. I read Bethany's McClean's SGITR book like 3 or 4 times and then followed up on some specific topics from the book. On it's face, it can be presented as a basic ponzi scheme but it was incredibly complicated. I'll never forget the "Raptor" shell companies that were used to cook the books. I think there were 6 Raptor corporations that were Raptor l, Raptor ll, Raptor lll etc, and they were inspired by the Jurassic Park movies. IlRC, the CFO of Enron, Andy Fastow, put his wife's family members as the owners of these companies and they were labeled as consultants. They moved money between Enron and these Raptor companies to cook their books, which is pretty similar to what FTX is accused of doing. One of the crazy parts of the Enron scandal that doesn't get mentioned that often is the recordings of Enron execs laughing on the phone about how they were engineering the brown-outs that were plaguing Texas and, I believe, California. They were so pleased that they were able to manipulate energy prices and reap huge profits from the chaos.
The guy’s mother wrote an editorial about personal responsibility saying basically that there is no such thing as personal responsibility and accountability No wonder the kid turned out like this
There is a link to Barbara Fried's (I almost wrote "Barbara Fraud") article within the Business Insider article: [Google businessinsider "Sam Bankman-Fried's mom once wrote an essay"] (YT won't let me post a link.)
Once he fully sorts out what went wrong, he will do much better with his next exchange. That's how you know it will be foolproof, he will have learned from the mistakes of this experience, so it could not possibly happen again. Kevin is in so....
A company whose communications run through applications who delete messages automatically means you intentionally do not want your communications to be scrutinized during legal action you know is inevitable.
@@matthewmspace yeah, but nothing wrong with deleting your messages. Are we acting like, "let's give everyone a chance to spy on me" is what the standart should be? China social credit system moment.
This is literally history being written before our very eyes. This mess will be in college textbooks, movies and documentaries in the future. Glad to experience it here, great vid as always.
Definately traded ideas on a cover up long before it came out. Tje money, well we all know where it went and to whom. Much of it is sitting in switzerlands hands.
Remember that scene in The Big Short where the two schmucks from the garage hedge fund went to their journo friend and he refused them with exactly the same evasive?
There are a lot of *very* powerful people in finance, journalism, and politics that have a vested interested in covering up/minimizing this. Stay safe, man.
@@ethanstump an accountant can see these things coming from afar and get away before the "out" is blocked. That is their job, to make sure the books add up.
Bernie Madoff is how the media and the "elites" react to a Jew stealing from other Jews. This is how they react to a Jew stealing from the gentile rabble. It is business as usual. No big deal. Nothing to see here. Keep voting Democrat and Neocon.
Three red flags: * No accounting department. How does any business, let alone a financial platform, operate without an accounting department? * Internal communications automatically deleted * Customers guaranteed consistently high returns, regardless of what the market does It is almost like they took a page from the Bernie playbook.
Uncle Bernie had a prospectus the joke of Wall Street. He had returns that never occurred. The SEC was written by investors over the Fraud. They ignored it! The Bernie convictions spent $225,000,000 prosecuting 4 people. The rats are rampant!
If he even goes to court... He"s so entwined with powerful government figures that I have a bad feeling he'll slide... Think of when Epstein was arrested and none of the politicians who used his "services" got investigated.
This is getting deeper than I thought. Its reaching fictional levels of rabbit hole and I am shocked at how already they are trying to spin the story in a good light to salvage what has already been lost
This is making me feel like 2008 financial crash. There were many people who tried to reveal the bubble before it popped but the government and newspapers continously ignored it.
A lot of corporate intrigue, the stuff of John Grisham novels, has at least a grain of truth to it. It's as they say, sometimes truth is stranger than fiction.
@@countvondutchessofwestmoor3974 enough with the anti-Semitism bs. Pointing out that a group that is 2% of the population controls much of the media and is 40% of Joe Biden's cabinet is facts. PEOPLE ARE SICK OF THIS SPECIAL GROUP YOU CAN'T CRITICIZE.
O'Leary has made some ridiculous investment proposals in the Shark Tank show that sounded absolutely like he was trying to scam the owners of those companies, so no surprise when he comes out to defend other scammers
Being a young college grad with no experience doesn't make you unaccountable. Especially when they showed every intention of committing fraud. If they showed at least some good will, that they actually cared about managing the funds responsibly, then maybe they could get some forgiveness.
Also, they were not straight out of college. SBF and Caroline Ellison worked at Jane Street. It's guaranteed that they would have had a lot of exposure to compliance, legal, etc. The last thing Jane Street wants is to be crushed by regulators. It's guaranteed that they had training on the rules before they were allowed to do anything there.
From other videos i have seen, they had a 3rd party accounting firm located in the METAVERSE .. so they picked a crappy firm so they knew it wouldn't be done right
I was blown away by SBF’s interview to the Wall Street Journal last week. He basically came out and admitted to incompetency. He said “money is fungible” and implied that it is impossible to track. Well, sure it’s impossible if you don’t keep any records. Too many parallels here with Elizabeth Holmes to count, especially older, more seasoned financial experts being taken in by a young, charismatic person who spins an enticing story. Oh, yeah, and SO much FOMO.
He’s not even charismatic though. He’s awkward and creepy, high pitched whiney voice, always has a look on his face like he’s disgusted. I do not understand how anyone got pulled into this from anything other than greed. They saw billions and were like “ok, cool. I’m in. Don’t need any details.”
I don't get charismatic from SBF at all. I get mentally challenged (on the spectrum) and incredibly awkward and socially inept vibes. I think these young people (SBF, Holmes and their ilk) are being used as figureheads of corporate corruption by others (the money movers). They run the corruption while their young figureheads take the hits and the ultimate fall while the real evil doers move on to other naive young figureheads. Rinse and repeat. There is no shortage of snake oil salesmen in todays internet universe.
Did he not admit he messed up big time? More research, less direct to commenting. Think before you click shit like that. Even listen to the actual videos used here, not the snippet version.
What I love most about the story, is that even if it wasn't on purpose, it is still a crime. Criminal negligence and criminal incompetence are things as far as I'm aware. Of course, not in any way relevant in this case, but no fraud doesnt mean no crime.
@@Fred-tz7hs Yeah if records exist it would be bad on a whole other level so since they seem to not be clear saying we did our best oops might get them some sympathy because everyone makes mistakes.
oh wow imagine if the financial journalists didn't have retail investors' interests first and foremost in their minds! that would be awful, people would be getting fleeced constantly
every time I keep seeing these softball articles the kid in me who wanted to be a journalist dies a little more inside. How did professionals drop the ball so hard or are they completely lacking in any ethics.
You could answer the ethics question just by looking at what the media has been doing over the past 7 years.They've been caught with their pants down so many times it's now laughable that anyone still trusts them. Sheep will be sheep, I guess. Independent journalism is the only true journalism left. I respect the hell out of anyone who left big journo corps to go independent, like Glen Greenwald and Bari Weiss.
Gotta love how half the financial establishment jumped to this guy's defence even though they would usually rip on crypto. Really pulls back the curtain. Someone's been paid here...
Like the saying on not throwing stone in glass house, I think many people would be dragged in this case when it's exposed. Biden's political donation as one example, even if they're not knowing this, Biden's aid and employee would still be targeted.
With so many "exceptions" to the rule, you gotta ask yourself, do the rules make any sense nowadays? That's not a call to become like them however, merely to stop playing this game we all know is rigged.
@@ethanstump no , We should not abandon “ the game” Uphold it and put people to account because the alternative, as you are suggesting is way worse SBF committed a crime in an unregulated market , I’m well aware regulated ones still do crimes but they are less and far between How many crypto scams has happened this year alone?? The law should be upheld and people held responsible
The fact that there's so much will to soften the blow that's coming their way, chalk it all up to negligence rather than intentional design and that Bloomberg refused to report on it probably means there's others doing the exact same thing, hoping nobody starts looking at the same patterns elsewhere.
if you're thinking that maybe your accounting is straight up fraud, it probably is because if you don't know if it's good or not then that's already fraud.
If your parents teach security fraud related classes at the highest level universities then you have no excuses. They probably spoke about his business over dinners
Bernie Madoff was the head of Nasdaq at one point. SBF's parents are probably the ones that came up with this plan. It wouldn't;t surprise me that SBF is just the fall guy. I would bet that Gary Gensler is involved, Ken Griffin is probably involved in some way.
Wow, the first FTX report that actually called out what really happened. I've watched probably 10 videos on the subject so far and each one of them tiptoed their way through through SBF's "accidental robbery" of billions. Well done.
@@flamekite1679 I normally like ColdFusion's reports but in this case I thought his report was very disappointing as it brushed very lightly on the obviously deep connections between SBF and the Democrat party and I understand why. Over many years ColdFusion has shown himself to be very aligned with all things Democrat. BTW I'm not even from USA but it stands out a mile.
It's like 419 victims. Some still believe the con men couldn't be evil. In fact victims often say con artists were the nicest people they ever knew... and of course they were, they had to be to get close and get the money.
people don't want to lose 'face'. there's several kinds of face to lose here, one is just being stupid, people don't like admitting to having been stupid. but a bigger thing they don't like admitting is that they profited from it by leading other people into being stupid. the biggest thing then is admitting to knowing it was stupid but leading other people into being stupid because they got paid. one step above that is admitting knowing it was fraud and frauding others.
I sat on a jury and saw an old woman who was conned and abused by a group of individuals. She still stated that she considered the abusers to be her friends and wanted them to make amends Just like hurt people hurt people, sad people are easy targets
I dont care how much of a kid he is. You're running a multi billion dollar company! You hire an accountant. Hell you hire an entire financial/accounting department.
I have a bad feeling that there will be little to no consequences here because a number of people from upper echelon are involved and trying to spin the story.
Here's a quick summary of what has caused this situation: Sam and his friends confused intelligence with dishonesty, it happens too often in our world. They saw a way to lie and steal, that many other people have likely seen through the years, and thought the ability to be horrific human beings meant they were smarter than everyone else. No Sam, many other people have seen ways to steal money, but decide not to. Everything about him screams arrogance, which would mesh with the attitude of a thief who thinks they are clever when they are just criminals.
The media definitely has to bear some responsibility in this. There would not be so many people putting their money in FTX if the media did wrote a fair review about SBF & his mates, rather than shaping them as the NEW GODS ! It’s disgusting 🤢!
If you watch Bloomberg TV, they have a very obvious way of putting a positive spin on all things crypto. It's clear that they have significant interests in the success of it.
Look up where Sam donated a lot of the money he stole and you'll see why lots of places will not touch this story and why people are refusing to even call it fraud.
@@TrophyGuide101 This is simply politics and money, and the power that comes from it. I see a lot of people here spinning this into antisemitism which is disgusting.
It all makes sense now regarding Bloomberg and FTX. I remember Coffeezilla's video on "yield farming" where he talked about how in a Bloomberg podcast, SBF accidentally describes Ponzi scheme to Bloomberg people and there was some sort of reluctant questioning going on what SBF said, and then seeing the last part of this video where the guy talked about Bloomberg denying his story because Bloomberg wanted to guard their interest in FTX (i.e. advertisement money). It's really clear many people and groups like O'Leary and Bloomberg wanted to save face and do not want to admit they are wrong and were bamboozled by SBF.
I feel that they were not bamboozled. They all made massive amounts of money that cant be taken back, regardless of FTX legitimacy. That's why when O'Leary was asked if he would do it again... hell yeah he would!
@@casucasueq4479 maybe bamboozled is not the right word. I guess maybe they were all seduced by the hype around SBF and the "legitimacy" and rapid growth of FTX
I mean to be fair mainstream media has never really cared about crypto one way or another. Made crypto bros mad when things were going well but now it’s to their benefit
It's political bias in action. He was a major Democrat donor with connections to Democrat politicians and liberal lobbying groups so liberal outlets are protecting his image. Right-wing media outlets are covering this as fraud, but are emphasizing his connections to score political points.
@@GhettoFabulousLorch nah when they’re that big you’ve greased enough palms that you’re basically untouchable. Your criminal trial will barely be reported on, the media will never say your name, you’ll get a slap on the wrist and allowed to bask in the good graces of the people you made rich before you were the black sheep and they get off entirely scot free. Rotted all the way up radical change is necessary otherwise nothing will change
When it comes to spoliation of evidence juries are often instructed to just assume whatever evidence was destroyed would had made the defendants look guilty af
lol, good joke. This isn't wild west crypto land anymore kid, this is politicians and rich people above the law land. The most amount of accoubtability is the glimpse of truth that a small part of the public get's to see. And that's basically about it. The entire Epstein case shows you, what people with power are able to get away with.
Liked and subscribed because it is certainly nice to see someone out there trying to tell the real story. That nugget about Bloomberg was absolutely unreal.
Yep. Congressional money to Ukraimia, Ukraimia buys FTX token, FTX token laundered through Alameda and spent to both Democraps AND rino republitards. It's a single party system, and in the end WE get screwed.
Coffee out here with infinitely more journalistic integrity than Bloomberg (and likely a majority of outlets with this same conflict of interest). Keep up the good work! Love your content.
"Coffee out here with infinitely more journalistic integrity than Bloomberg " Of course he has infinitely more journalistic integrity than Bloombeg. That's how zero works.
This is some spicy shit, the fact that Bloomberg themselves denied running the story at all was the ghost pepper on top. Bless you, Coffee, never change.
I was just finishing up my own part 2 to FTX and you came out with this. Great work!
I also couldn't believe how the media is spinning this story.
Bernie Madoff is how the media and the "elites" react to a Jew stealing from other Jews. This is how they react to a Jew stealing from the gentile rabble. It is business as usual. No big deal. Nothing to see here. Keep voting Democrat and Neocon.
Hey @coldfusion.. love your channel
It's legit US corruption and propaganda
Well, they can't throw their own team members under the bus right?
Kevin O'Leary proving once again that having money doesn't make you smarter or more competent than anyone else.
Or he's clearly in some bigger scheme hence why nobody is attacking him publicly and all the puff pieces. Doesn't add up there was more planned with this
@@ykonratev I was thinking this exact same thing
He made his $$ so he doesnt care.
The guy looks and acts scum but named himself Mr wonderful
It has been eye opening this past few years to see who really did fail upward despite their best effort.
Sam's possible defense to the judge : "It was just a prank, bro"
broooooo hahahah
Your honor, I did not kill that man. I only shot him, he died on his own. It’s his fault he died.
Covfefe
Why u hav to be mad, its just a game
"your honor my client pleads /j"
Sam Bankman-Fried's parents are law professors at Stanford Law School.
Here some of their publications:
1. Beyond Blame, by Barbara Fried
2. Against Empathy, by Barbara Fried
3. The Limits of Personal Responsibility, by Barbara Fried
4. Modelling the Tax Shelter World, by Joseph Bankman
5. The New Market in Corporate Tax Shelters, by Joseph Bankman
6. Substitutes to Insider Trading, by Joseph Bankman
@@Herzyyyy whats up kanye west!
THIS
EVERYONE NEEDS TO SEE THIS
Also, Whats Morality Got To Do With It? Barbra Fried
@@Herzyyyy and you seem like an stereotypical antisemite
This is like robbing a house, burning it to the ground, then saying “I had a bad day” with people saying “he was always a nice kid” as vouchers when asked about it.
People really are just not accepting that they got duped, which is so sad to see. Genuinely concerning.
Ah yes; The Joker’s “One Bad Day” defense. It’s inpenetrable.
Covfefe
Covfefe
Scam Bankrun-Fraud
Their own pride will not allow them to admit they have made a mistake.
Bloomberg not reporting the story due to a conflict of interest was extra spiccccy. Keep up the great work coffeezilla. You feel like one of the only true journalists these days
And literally any other official media site would do the same
It's spicy, but not surprising at all. But everytime it happens, you would hope they lose a little bit more of integrity.
Lolberg
Bankman and Levine probably have the same Rabbi
Except the conflict was probably the fact that it’s an election year and they funneled a ton of taxpayer money to American politicians. It’s pretty convenient all this came out the week after the election
Back doors are never accidents. That's not an oversight. That's a deliberate scheme to give your partner company an advantage. Especially if they're lying about it.
Awesome video as always
It's like the Ultimate Bet scandal, the owner got a hold of a superuser account to play with. Pretty interesting docu back then. Lol @8:45 they speak about it ;)
I can't believe it, Jim! That girl is standing over there listening and you're telling him about our back doors?!
I mean take the analogy to its logical conclusion and you see how ridiculous these claims of it being an accident are.
Imagine if a construction firm built a secret entrance to the vault of a bank when constructing the building. Now imagine they tried to blame that elaborate secret entrance on a rogue employee when funds started going missing.
Nobody would accept that in physical space, it’s crazy people accept it in cyberspace.
thanks captain obvious
"Back doors are never accidents."
My girlfriend told me the same thing.
I am surprised more people are not talking about his parents - these are well informed lawyers and they were purchasing properties in the Bahama's - their involvement is setting up these tax structures and trusts should carefully reviewed
And they also part of the dems, connection and link found..
The dissemination of assets will be followed but here is the problem. This money will not go to investors! It will go to the Consumer Protection Financial Bureau. They kick it back to the corrupt politicians on the dole from the CABAL! EVIL MOFOS!
That won't happen. Truth is politicians are involved too. Sam is the fall guy, we will never get more than him and maybe a couple others if we lucky.
Corruption runs way deeper than even coffee lays out in his videos. It goes all the way up. Literally. It's sad.
Think about it, if the FBI gave a fuck, they'd do something. They aren't, but you know what they do want ? US digital currency replacing the physical dollar. That's going to be the proposed solution to the crypto problem. If not right away, it'll be slowly adopted through future legislation made possible by specifically writing legislature in an opened ended way, so it can be modified easily. Same strategy used to create the federal reserve.
100%
Because a compliance lawyer would be an excellent black hat operative. They should be held under great suspicion at this point.
I like how Coffee isn't afraid to call a thief a thief. Respect, Mr Zilla.
Saddens me that the simple truth is respect somehow. Honestly should be common.
@@ZacklFair people have always been dishonest, the truth has always been respect, and should be respect
@@holorenSHORTS amen
I mean it's not like SBF has any money to sue him, so it's pretty safe 😂
@@pisse3000 Pretty amazing that I now have more money than the guy so many thought would be the first trillionaire.
Coffee, please don't ever lose your journalistic integrity. You are legitimately doing the Lord's work.
He is but an even shorter cut is check out the early lyfe section of wikypedya before investing a company if you get my drift
@@bitcoinisfreedommoney.fckt2663 please stop noticing things. thank you.
Yeah I really hope he will stay that way and not let the fame and popularity go to his head like what happened to other UA-camrs (Jake Tran, TechLead, etc.)
It made me really question his journalistic integrity that he supports the "accountants in the Metaverse" claim (around 14:25), when the firm actually has no less than 23 physical addresses all over the world listed on their contact page, in addition to the one in Decentraland. That makes me think this guy isn't above spinning the truth in service of a good punchline/narrative.
I think Kevin O'Leary is either lying through his teeth to protect himself or is seriously suffering from cognitive dissonance.
When getting my bachelor's in engineering, I had a professor that would always say: "The simplest explanation is usually true." In this case, fraud is the simplest explanation.
Occam's razor.
Occam's razor.
Occam's razor.
Occam’s razor
Occam's razor
The parents need to be investigated, there is no way they didn't know what their fraudster son was scheming.
I think they probably knew he was lobbying politicians. Its possible he told them he was literally committing fraud, but I think he'd prolly leave that out lol
What a big f- you to them tho to do this in the first place
@@jaredclark173 his mom literally runs one of the biggest democratic PACs in the country, his parents are almost certainly involved
This aged well. No sarcasm
Saying that a backdoor is an accident is like building a tunnel to a bank vault and using "I don't know how that got there and, I didn't know where it led" as a defense. This whole thing exposed how corrupted and how big of a joke the whole financial system is.
EXACTLTY !! Great Analogy bud !!!😎
Not really the "whole financial system" - its just FTX/Alameda
. etc and th sec is like it’s gatekeeper at this point ^ fuking useless lol-
Crypto is an almost entirely unregulated industry, and any oversight U.S. regulators would have had was nullified by FTX being headquartered in the Bahamas.
well, usually most financial institutions require licenses to provide financial advice (uk, aus, nz, etc), as well as approved policies and controls to provide governance ensuring everyone is compliant with anti money laundering and countering financial terrorism acts. BUT, the crypto scene is new and abusing the lack of knowledge by bypassing the regulations, only a matter of time before they all get nuked with regulatory regimes. - former compliance officer in NZ
I'm not a shoplifter. I was just distracted and did not know that my hands took an iphone and put it in my bag.
True story bro
Basically what happened
Bloomberg: pay our ads, we see nothing
I have actually unintentionally stolen so many things from woolies
“It wasn’t me, it was my hand your honor, pinky-promise 🤙🏻”: Bankrupt-Fry
The whole malevolent vs incompetent stops the minute you remember that SBF and Caroline Ellison both worked at Jane Street. This is a serious firm that would have put them through KYC, AML and risk management trainings because it’s not only industry standard practices but also mandated by regulators. They would have learned the value of an accountant and reporting during their first week at Jane Street. Keeping company assets and client deposits segregated is literally the first thing you learn in a trading shop.
No one accidently, takes money from Investors and keeps it, that's the definition of fraud. It's not even inventive or big brain fraud.
Considering how they are rich kids and obviously spoiled to hell and back i doubt the princess did any of that. She was probably handed the position. Just like his whole math at MIT thing. Question that too.
Anyone with money can buy a masters, doctorate or now its nothing more then a piece of paper that says you can pass go. At this point in time nothing is valid not even an election. He with the most fingers wins and it seems there are to many to count. Whatever that means. 😂
@@TKUltra971 Cause they are all from the same Tribe interesting
"I forgot to hire an accountant, because I got high, I forgot my parents even wrote those books, because I got high, now some people seem to want my head, and I know why, hey, hey, because I got high, because I got high, because I got high "
Coming back after the guilty verdict is very satisfying. I don’t know if going through the documentation is a cathartic to anyone else, but it feels good to hear this when we know he’s a convict.
I remember Forbes calling him the next Warren Buffet, but instead he became the next Bernie Madoff.
So Bloomberg has become the rating agencies in 2008, that refused to mark down the CDO's that were junk because they'd lose business. Keep up the great work Coffee.
That's silly. The rating changing on those precipitated the crash, but many were already losing money by then
Ratings agencies are a whole different level than a shitty business news site.
im dreading the day our own coffeezilla will be a sellout. I hope it never comes.
It’s almost like there’s a big group of business men colluding and working together to cover up their grift.
That's typical of media. You don't bite the hand that feeds you.
Kevin O'leary comes off shady af with his answers. I won't be surprised to find out that he was criminally involved with this mess
Am certain he'd like to offer you some O'shares
Fvck O'creepy, I don't fvck with him anymore after this bs. I used to value his opinion watching shark tank etc...but nah, he's the only one involved with this bs out of the whole shark tank bunch...I wouldn't want his backing on any company of mine.
Kevin Oleary seemed like a shady clown even before all this. His whole tv show is scripted and fake
He’s incredibly shady before this. I’m not communist or anti-capitalism but guys like him CAN NOT BE TRUSTED EVER!
@@CoolGobyFish 100%. He's got big Jim Cramer energy...
Having BOTH parents as compliance lawyers informs a kid on how they can bend the rules without ever getting caught. Our legal system, when it comes to financial crimes, is very flawed and intended to punish people only when it affects the class that runs the system.
It is in his genes.
i hope to god that coffee is never controlled, bullied or manipulated. We need this integrity in the journaling world.
Faze Kay tried to sue coffee
Same, he’s truly one-of-a-kind and hopefully stays that way
@@dragonslayer9671 Who is that?
@@NotALiberalSoSkipTheScript a scammer
The problem is journalism has become this club of elitist who aren’t in there to “find the truth” but to use it as a prestige title. A lot of these people are buddy buddy with the people they should be exposing and they act as their glorified PR firm.
I’ve seen this pattern though in games journalism and movie/TV journalism and it doesn’t shock me that nobody takes them seriously anymore.
“A very interesting individual” who was “a little distracted” lol. A solid defense in court if I’ve ever heard one
It's got the "Mr. Wonderful" seal of approval 😆
You ever get so distracted you wreck a multibillion dollar company
He just couldn't concentrate!
There's a South Park joke I could reference but it might be illegal these days 🤣
Covfefe
@@felixcroc it happens to the best of us 🤷
Incredible work. You know things are pretty bad when a UA-cam channel has way better investigative journalism than a multi billion dollar company.
Bcuz those billion dollar companies arent exactly journalism
@@lolish1234 Exactly
@@lolish1234 I think he talks about Bloomberg
@@lolish1234 They’re just advertisement departments ig
They are propaganda. Not news
This guy is a hell of a journalist, and it's nice to have a platform that won't kill his stories due to a conflict of interest. I'm a little surprised that he isn't getting sued all the time in an attempt to silence him.
Coffeezilla and his team are brilliant investigators! No stone un-turned!
The fact MSM wouldn't cover it from a credible witness before it happened due to a conflict of interests says it all. Keep the ad $$$$ flowing and we will look the other way.
Can't sue if it's true. Truth is the ultimate defense.
@@kirstenmaclellan3182 No, you can *always* sue. You will probably lose, but you will definitely cause your target to spend huge amounts of money on lawyers first. This is a weapon that powerful interests have against lone individuals who speak the truth about them.
He did almost get sued a few weeks ago
Reminder that Jeff Skilling was in a congressional hearing, telling the American public that nothing was wrong at Enron, while at the same time their accountants at Arthur Andersen were shredding thousands and thousands of documents.
I love how stupid those accountants were.
Anyone with half a spine gets the order to shred documents, and walks the F out with ironclad whistleblower protections. I would have gone directly to the FBI, skipping Go, but collecting a fat whistleblower award.
Note to any future employers: if you ever ask me to do something obviously illegal and immoral, I will never stop laughing in your face.
This is why Sammy was not arrested right away. The SDNY is orchestrating this arrest and cover up. We need to arrest all of SDNY and Tribunal the animals!
@@aluisious not saying your wrong because your not your spot on but money changes people and just like that people at the top there making bank because if the people at the top got to pay off anyone it’s the accounting dept because they see the books
@@aluisious also whistleblower protection was not the same back then - the federal Whistleblower Protection Act in place at the time only guaranteed protection to federal employees (OSHA had a program to protect discrimination or retaliation in the private sector, but there’s no payout.) However, newer protections were actually passed BECAUSE of Enron as part of the Sarbanes-Oxley Act that extended federal whistleblower protection to employees of public and private companies who are reporting fraud and SEC violations. Fun fact from a friendly accountant, not all of us are dumb or evil, I promise 😅
But with the above in mind, obviously the Houston audit team were beyond stupid and literally destroyed the lives of thousands of others across the entire firm who literally had nothing to do with anything. It was literally a single audit partner who brought an entire accounting firm to the ground 🙄
@@HayleighPaige So I honestly just avoid jumping into Enron conversations because during the peak of Enron's rise, I was just working to get licensed as a financial adviser and I was consumed by the Enron scandal. I read Bethany's McClean's SGITR book like 3 or 4 times and then followed up on some specific topics from the book.
On it's face, it can be presented as a basic ponzi scheme but it was incredibly complicated. I'll never forget the "Raptor" shell companies that were used to cook the books. I think there were 6 Raptor corporations that were Raptor l, Raptor ll, Raptor lll etc, and they were inspired by the Jurassic Park movies.
IlRC, the CFO of Enron, Andy Fastow, put his wife's family members as the owners of these companies and they were labeled as consultants. They moved money between Enron and these Raptor companies to cook their books, which is pretty similar to what FTX is accused of doing.
One of the crazy parts of the Enron scandal that doesn't get mentioned that often is the recordings of Enron execs laughing on the phone about how they were engineering the brown-outs that were plaguing Texas and, I believe, California. They were so pleased that they were able to manipulate energy prices and reap huge profits from the chaos.
The guy’s mother wrote an editorial about personal responsibility saying basically that there is no such thing as personal responsibility and accountability
No wonder the kid turned out like this
Where did that editorial run? I'd love to read it.
Post it here, I wanna see it
There is a link to Barbara Fried's (I almost wrote "Barbara Fraud") article within the Business Insider article:
[Google businessinsider "Sam Bankman-Fried's mom once wrote an essay"]
(YT won't let me post a link.)
She is talking about people putting the blame on each other first rather than trying to find a solution to the problem. She has a point.
@@victort.9466 The solution would be putting these people in jail. Your point?
It’s crazy how the media will pick and choose when laws apply to people
It's a coincidence.
he donated to the Democratic party, of course the liberal media will protect him
Bankman-Freid - seems to depend on their surname lol
@@easyL844 and his co-founder donated to republicans what your point?
Until Elon musky bought twitter out
You know it's intentional when they spend money on stadiums and sponsorships instead of hiring someone who knew stuff they didn't
no CFO.. danger zone. Funny how Elizabeth megatron voice had the same exact issue.
@Douglas R Brayton II
Who is Ryan Salame? Who did he donate to?
They didn't know the value of HAVING an accountant, instead they knew the benifit of not having one.
UwU, we didn't know what was happening.
remember, the most important thing is that you know sam feels terrible.
*licks eggplant*
poor sam 😭
Loss depression.
Once he fully sorts out what went wrong, he will do much better with his next exchange. That's how you know it will be foolproof, he will have learned from the mistakes of this experience, so it could not possibly happen again. Kevin is in so....
He's being persecuted!
A company whose communications run through applications who delete messages automatically means you intentionally do not want your communications to be scrutinized during legal action you know is inevitable.
@@O___P Except there’s apps that encrypt your chats without deleting them.
@@matthewmspace yeah, but nothing wrong with deleting your messages. Are we acting like, "let's give everyone a chance to spy on me" is what the standart should be? China social credit system moment.
OR... they be hiding them kinks. Sam be speedrunning kinks too. The woman was talking about polymacaronis too.
This is literally history being written before our very eyes. This mess will be in college textbooks, movies and documentaries in the future. Glad to experience it here, great vid as always.
Agreed
Maybe that high school chemistry teacher/drug dealer guy will play Kevin oleary
I doubt any of these people will ever see the inside of a cell. They're in bed and/or related to very powerful people
I’d be very careful. This video is pretty risky in itself. The Democrat party was working with FTX closely. This channel could get banned…
@@cmonz9 tf are you talking about bro
Let me correct you here... the New York Times is NOT an unpaid actor. Sam greased their palms heavily.
😂😂😂😂 I can believe that
Definately traded ideas on a cover up long before it came out. Tje money, well we all know where it went and to whom. Much of it is sitting in switzerlands hands.
Remember that scene in The Big Short where the two schmucks from the garage hedge fund went to their journo friend and he refused them with exactly the same evasive?
With everyone else money he was so generous
And the demoncrat party too
There are a lot of *very* powerful people in finance, journalism, and politics that have a vested interested in covering up/minimizing this. Stay safe, man.
Forreal. Keep " protect coffeezilla" in your daily mantras
Bloom BERG
BANKMAN
FriedBERG
GOLDman
GoldBERG
SILVERSTIEN
SILVERman
Roseman
Cohen
ZuckerBERG
Open your eyes. Learn to spot *THEM*
Hats so tiny you can't see them 🕵
I swear lol i always worry bout this guys safety
Well, those people are not complete idiots to legitimize a random youtuber's claims by hurting him.
This whole situation just reminds me of some advice my Accounting professor gave our class, "If the books don't add up, get the hell out."
What happens though, when there is no 'out', when the contagion has spread to every nation?
@@ethanstump I mean at that point you at least know what's gonna be happening soon.
They weren't just cooking the books, they were burning them.
@@ethanstump an accountant can see these things coming from afar and get away before the "out" is blocked. That is their job, to make sure the books add up.
@@ethanstump Pal, were here already.
Eat your bugs.
You'll own nothing and be happy.
Actual journalism from Coffee instead of the fawning puff pieces from the mainstream media.
Ok soyboy
Bernie Madoff is how the media and the "elites" react to a Jew stealing from other Jews. This is how they react to a Jew stealing from the gentile rabble. It is business as usual. No big deal. Nothing to see here. Keep voting Democrat and Neocon.
Mainstream media always pushing the narrative in their favor not facts
They're afraid of the j3ws
this whole story reeks of jews through and through, name 1 person involved thats not jewish
Three red flags:
* No accounting department. How does any business, let alone a financial platform, operate without an accounting department?
* Internal communications automatically deleted
* Customers guaranteed consistently high returns, regardless of what the market does
It is almost like they took a page from the Bernie playbook.
#1 red flag. League player (i play league)
Uncle Bernie had a prospectus the joke of Wall Street. He had returns that never occurred. The SEC was written by investors over the Fraud. They ignored it! The Bernie convictions spent $225,000,000 prosecuting 4 people. The rats are rampant!
@@TMoBD (no one cares)
@@TMoBD also this is a serious discussion, playing league is not a serious red flag
The Bernie playbook?
Sam can literally go "Your honor, I simply was just not feeling it that day." and it'd be a better defense than whatever he goes with.
Or; :"I just pressed some keys while falling asleep at my desk, I don't know what happened"
He can still pla y the mental health card as well xD
If he even goes to court... He"s so entwined with powerful government figures that I have a bad feeling he'll slide... Think of when Epstein was arrested and none of the politicians who used his "services" got investigated.
@@volvo09 Now it all makes sense when all the gurus say "your network is your networth" it's a potential get out a billion dollar lawsuit card
That would be good but this took longer then a day lol so everyday was just not the day
This is getting deeper than I thought. Its reaching fictional levels of rabbit hole and I am shocked at how already they are trying to spin the story in a good light to salvage what has already been lost
This is making me feel like 2008 financial crash. There were many people who tried to reveal the bubble before it popped but the government and newspapers continously ignored it.
@@johnbradley7294 thats it.....
My theory is this is all planned... reason is governments want to control the decenterized money
Jewish people in the media protecting Jewish people in finance. Same song and dance.
A lot of corporate intrigue, the stuff of John Grisham novels, has at least a grain of truth to it. It's as they say, sometimes truth is stranger than fiction.
The fact that Bloomberg chose not to respond is a big slap in the face.
Bloom BERG
BANKMAN
FriedBERG
GOLDman
GoldBERG
SILVERSTIEN
SILVERman
Roseman
Cohen
ZuckerBERG
Open your eyes. Learn to spot *THEM*
woke up the antisemites
Apparently the truth is antisemitic
They will sweep it under the rug just like they did with GME & poor Gustavo
@@countvondutchessofwestmoor3974 enough with the anti-Semitism bs. Pointing out that a group that is 2% of the population controls much of the media and is 40% of Joe Biden's cabinet is facts. PEOPLE ARE SICK OF THIS SPECIAL GROUP YOU CAN'T CRITICIZE.
O'Leary has made some ridiculous investment proposals in the Shark Tank show that sounded absolutely like he was trying to scam the owners of those companies, so no surprise when he comes out to defend other scammers
Being a young college grad with no experience doesn't make you unaccountable. Especially when they showed every intention of committing fraud. If they showed at least some good will, that they actually cared about managing the funds responsibly, then maybe they could get some forgiveness.
Especially when every other business in the financial sector has to spend thousands to navigate the regulations. It reeks of favouritism
@@josedorsaith5261 Democrats: Trump University!!!
His last name is Bankman... lots of Bankers in his family line. Lots of hands rubbing together
@@VoidSurfer9 KEK: hands rubbing together
ADL: antizemite, reeeeeeeeeeeeeeeeeee
Also, they were not straight out of college. SBF and Caroline Ellison worked at Jane Street. It's guaranteed that they would have had a lot of exposure to compliance, legal, etc. The last thing Jane Street wants is to be crushed by regulators. It's guaranteed that they had training on the rules before they were allowed to do anything there.
Ah yes, he just accidentally defrauded customers and investors and accidentally lied to them
He had a good reason. Billions of dollars he did nothing to earn.
Hopefully he doesn't accidentally disappear due to accidental reasons.
@@dandellar200 It was an accidental assassination
Covfefe
@@Praisethesunson the body was never found accidentally.
Not having an accountant when you are handling such big sums of money is a crime in itself!
It's a big huge gargantuan red flag.
I’m taking we are all accountants here.
From other videos i have seen, they had a 3rd party accounting firm located in the METAVERSE .. so they picked a crappy firm so they knew it wouldn't be done right
@@williamhaynes7089 whatever they did or didn't do, it was done purposely to keep as much opaqueness as possible.
I supposed the oversight FTC guys are also too busy playing games?
I was blown away by SBF’s interview to the Wall Street Journal last week. He basically came out and admitted to incompetency. He said “money is fungible” and implied that it is impossible to track. Well, sure it’s impossible if you don’t keep any records. Too many parallels here with Elizabeth Holmes to count, especially older, more seasoned financial experts being taken in by a young, charismatic person who spins an enticing story. Oh, yeah, and SO much FOMO.
He’s not even charismatic though. He’s awkward and creepy, high pitched whiney voice, always has a look on his face like he’s disgusted. I do not understand how anyone got pulled into this from anything other than greed. They saw billions and were like “ok, cool. I’m in. Don’t need any details.”
I don't get charismatic from SBF at all. I get mentally challenged (on the spectrum) and incredibly awkward and socially inept vibes. I think these young people (SBF, Holmes and their ilk) are being used as figureheads of corporate corruption by others (the money movers). They run the corruption while their young figureheads take the hits and the ultimate fall while the real evil doers move on to other naive young figureheads. Rinse and repeat. There is no shortage of snake oil salesmen in todays internet universe.
@@JMichaelG that guy has a face that screams "punch me"
@@pierre-claudemeriot6562It's easy. The people he roped in thought they were going to profit off the scam not be the victims.
Coffee is quickly becoming one of the best investigative-financial journalists of our time! Forget the Netflix deal, there’s a Pulitzer in his future!
Pulitzer is heavily politicized now.
This is it^^^ he’s the man. But prob won’t get the biggest prizes as he doesn’t work at some crazy big name paper
@@Theredbastard2023 One can only hope he is integral and self-aware enough to not be manipulated by wealthy people who will attempt to sway him.
Pulitzers are just one big circle-jerk of "journalists" who are politically-aligned with each other.
No... he's not.
Kevin O'Leary needs to just admit he messed up . The longer he tries to protect this guy the worse he looks at this point
As if he had any integrity in the first place. Coffee exposed him selling cameos that were obviously fake testimonials over a year ago
Imagine trusting that guy
Did he not admit he messed up big time? More research, less direct to commenting. Think before you click shit like that. Even listen to the actual videos used here, not the snippet version.
“Mr Wonderful”
He always looked bad.
What I love most about the story, is that even if it wasn't on purpose, it is still a crime. Criminal negligence and criminal incompetence are things as far as I'm aware. Of course, not in any way relevant in this case, but no fraud doesnt mean no crime.
you get significantly less punishment, why do you think they try their hardest to make it look like "oopsiedaisy, I did a goofy goofball, oh well"
@@Fred-tz7hs Yeah if records exist it would be bad on a whole other level so since they seem to not be clear saying we did our best oops might get them some sympathy because everyone makes mistakes.
Exactly. The ‘we’re a bunch of kids’ doesn’t absolve them.
Do you know why Kevin O'Leary would back him up again? Because, he was probably one of the first person to get a hint and ability to withdraw.
O'Leary got paid $15 million to be a spokesman, That probably means he can't say anything negative about SBF and FTX.
Actual investigative journalism with evidence is a rare gem. Glad to see that these guys exist. Hope that this lasts. Support these guys.
oh wow imagine if the financial journalists didn't have retail investors' interests first and foremost in their minds! that would be awful, people would be getting fleeced constantly
every time I keep seeing these softball articles the kid in me who wanted to be a journalist dies a little more inside. How did professionals drop the ball so hard or are they completely lacking in any ethics.
its a jewish club and we arnt welcome
You could answer the ethics question just by looking at what the media has been doing over the past 7 years.They've been caught with their pants down so many times it's now laughable that anyone still trusts them. Sheep will be sheep, I guess.
Independent journalism is the only true journalism left. I respect the hell out of anyone who left big journo corps to go independent, like Glen Greenwald and Bari Weiss.
You know the answer. More asking yourself at this point
its jewish people helping each other out
Politics.
watched a couple of your stories, but the depth on this one earned you a sub, man. This is better reporting than you get on mainstream news outlets
Talking about “failure of corporate controls” at FTX is like talking about “failure of landing gear” on a paper airplane.
That's the best analogy I've ever heard about this whole fiasco!
On point comparison, my lad, 100%
Technically something can't fail, if it doesn't exist
Gotta love how half the financial establishment jumped to this guy's defence even though they would usually rip on crypto. Really pulls back the curtain. Someone's been paid here...
Either that, or someone has dirt on a bunch of them.
Like the saying on not throwing stone in glass house, I think many people would be dragged in this case when it's exposed. Biden's political donation as one example, even if they're not knowing this, Biden's aid and employee would still be targeted.
i mean they definitly made a fuck ton of money by insidertrading with basically free money from there costumers accounts lmao
Unpasterurized Orange Juice
Being #2 democrat donor and having them in your pocket will buy you some time and probably will help you get away with crime
Man there is so much corruption in every facet of life it’s disgusting.
With so many "exceptions" to the rule, you gotta ask yourself, do the rules make any sense nowadays? That's not a call to become like them however, merely to stop playing this game we all know is rigged.
@@ethanstump no ,
We should not abandon “ the game”
Uphold it and put people to account because the alternative, as you are suggesting is way worse
SBF committed a crime in an unregulated market , I’m well aware regulated ones still do crimes but they are less and far between
How many crypto scams has happened this year alone??
The law should be upheld and people held responsible
That’s what happens when you insist on letting people have the freedom to do whatever they want
Humanity is not inherently good and flawless
always was and is
Because we live ina fallen world that satan temporaeraly controls
I called him out a year ago and was told I was jealous. He is dirty as hell.
The fact that there's so much will to soften the blow that's coming their way, chalk it all up to negligence rather than intentional design and that Bloomberg refused to report on it probably means there's others doing the exact same thing, hoping nobody starts looking at the same patterns elsewhere.
If you ask yourself whether what you're about to do is illegal or immoral, it probably is
if you're thinking that maybe your accounting is straight up fraud, it probably is because if you don't know if it's good or not then that's already fraud.
but also if it's really funny, you should still do it
This really goes to show how much they want to cover this up.
Say what you want, but the blockchain doesn't lie
If your parents teach security fraud related classes at the highest level universities then you have no excuses. They probably spoke about his business over dinners
That's probably how he learned what to do
Great wow best Report ever!!
100% they all knew and were part of the criminal theft.
@@nicksomesexy Exactly right
Bernie Madoff was the head of Nasdaq at one point. SBF's parents are probably the ones that came up with this plan. It wouldn't;t surprise me that SBF is just the fall guy. I would bet that Gary Gensler is involved, Ken Griffin is probably involved in some way.
Wow, the first FTX report that actually called out what really happened. I've watched probably 10 videos on the subject so far and each one of them tiptoed their way through through SBF's "accidental robbery" of billions. Well done.
Did you see Mark Moss’ video…that was pretty good. Lots of dots to be connected.
You missed out on coldfusion then
@@flamekite1679 I normally like ColdFusion's reports but in this case I thought his report was very disappointing as it brushed very lightly on the obviously deep connections between SBF and the Democrat party and I understand why. Over many years ColdFusion has shown himself to be very aligned with all things Democrat. BTW I'm not even from USA but it stands out a mile.
@@alicantino59 I disliked his video as he used tumblr as a source.
I'll have to checkout ColdFusion. Never seen his content but did see the Mark Moss video. Best one yet in how all the dots connect with the Dems.
Your self-control is admirable.
Going through so much bs all day & keeping your calm…. much respect Coffee.
Keep the great work 💪💪💪
He's that kid at school who does some crazy shit and is forgiven because "his family moves around a lot"
Who forgives peole because they move alot?
The fuck?
109 times
Speaking of his parents... if you were wondering where he learned to shuffle shady money into the democrat coffers, that's your answer.
@@TokyoXtreme lmao
@@radagast7200 His co-CEO Ryan Salame donated $20+ million to the GOP. Like any half-decent crook they were playing both sides.
The media is still ignoring this
Kevin O'Leary has too much money to look like he's using the built in webcam and mic to record.
O’Leary has too much fraud in his bones to still be alive
Right I mean new phones look way better what the hell is he using a laptop webcam from 2012 ?
It's like 419 victims. Some still believe the con men couldn't be evil. In fact victims often say con artists were the nicest people they ever knew... and of course they were, they had to be to get close and get the money.
Good Manners and sweet words can open alot of doors
people don't want to lose 'face'.
there's several kinds of face to lose here, one is just being stupid, people don't like admitting to having been stupid.
but a bigger thing they don't like admitting is that they profited from it by leading other people into being stupid.
the biggest thing then is admitting to knowing it was stupid but leading other people into being stupid because they got paid.
one step above that is admitting knowing it was fraud and frauding others.
I sat on a jury and saw an old woman who was conned and abused by a group of individuals. She still stated that she considered the abusers to be her friends and wanted them to make amends
Just like hurt people hurt people, sad people are easy targets
It’s called Stockholm Syndrome. 🤣
I dont care how much of a kid he is. You're running a multi billion dollar company! You hire an accountant. Hell you hire an entire financial/accounting department.
Or maybe “kids” shouldn’t be running billion-dollar companies at all.
Covfefe
He's 30....
Someone suggested that to them and their response was literally “fuck you”
yeah, they didn't have an accounting department.
By far the most direct and honest assessment of FTX and slippery Sam - the greatest conman of our times.
I have a bad feeling that there will be little to no consequences here because a number of people from upper echelon are involved and trying to spin the story.
You mean this is another Epstein "everyone and everything is entangled and involved, so noone get's hurt bc we are rich enough" situation?
What’s anti semitic? Why are you spamming this on random comments?
Now you’re learning how the world works, Nitin. It’s the Golden Rule. The one with the gold makes the rules.
The Jewish connection is very hard to ignore in this with all due respect.
No one cares what religion they are, or what online games they play, we only care about punishing FRAUD and THEFT.
If Coffeezilla is crowdfunding a legal defense spending, I'd be more than happy to oblige. You are doing god's work.
I think he's going to start needing to fund literal DEFENSE spending.
. based-
Here's a quick summary of what has caused this situation: Sam and his friends confused intelligence with dishonesty, it happens too often in our world. They saw a way to lie and steal, that many other people have likely seen through the years, and thought the ability to be horrific human beings meant they were smarter than everyone else. No Sam, many other people have seen ways to steal money, but decide not to. Everything about him screams arrogance, which would mesh with the attitude of a thief who thinks they are clever when they are just criminals.
Here's a quicker summary:
Js doing the j.
The media definitely has to bear some responsibility in this. There would not be so many people putting their money in FTX if the media did wrote a fair review about SBF & his mates, rather than shaping them as the NEW GODS ! It’s disgusting 🤢!
If you think the media wasn't intentionally involved in all of this. You are asleep at the wheel.
I love how a young person with a camera is dunking on the most elite financial reporting corporation. You are a good lad, coffe.
It is so nice to have objective journalism again.
Well done, Coffee. You’re performing a great service 👏
I don't know why some people think, "If it was an oopsie (I didn't mean to), It means I'm innocent (I get a do over)" 🤣
I think his parents connections (especially his mother) resulted in a lot of major media outlets going easy on him
Well his mother can visit him in prison and think about how badly she raised her kid.
Donating to the Democrats probably helped a lot too
@@luckyspurs they probably own that prison too.
@@luckyspurs He will never go to prison🤣🤣🤣
That bit at the end about Bloomberg not taking the story is *really* interesting, definitely want to learn more about what happened there.
If you watch Bloomberg TV, they have a very obvious way of putting a positive spin on all things crypto. It's clear that they have significant interests in the success of it.
Look up where Sam donated a lot of the money he stole and you'll see why lots of places will not touch this story and why people are refusing to even call it fraud.
@@TrophyGuide101 This is simply politics and money, and the power that comes from it. I see a lot of people here spinning this into antisemitism which is disgusting.
It all makes sense now regarding Bloomberg and FTX. I remember Coffeezilla's video on "yield farming" where he talked about how in a Bloomberg podcast, SBF accidentally describes Ponzi scheme to Bloomberg people and there was some sort of reluctant questioning going on what SBF said, and then seeing the last part of this video where the guy talked about Bloomberg denying his story because Bloomberg wanted to guard their interest in FTX (i.e. advertisement money). It's really clear many people and groups like O'Leary and Bloomberg wanted to save face and do not want to admit they are wrong and were bamboozled by SBF.
I feel that they were not bamboozled. They all made massive amounts of money that cant be taken back, regardless of FTX legitimacy. That's why when O'Leary was asked if he would do it again... hell yeah he would!
@@casucasueq4479 maybe bamboozled is not the right word. I guess maybe they were all seduced by the hype around SBF and the "legitimacy" and rapid growth of FTX
@@casucasueq4479 UA-camr Tom Nash said he got $50,000 a month to promote FTX.
Who says O'Leary was 'bamboozled" by FTX and wasn't in on it all along?
@@BobPagani Well i agree knowing he’s still backing a fraudster
Excellent analysis and more importantly reporting the truth, unlike mainstream media’s spin of FTX and SBF.
Watching all the major outlets ignore this story should show everyone how connected they are to the elite and politicians.
It’s not capitalism when a small group are systematically working together to cover up their crimes,
He should thank his lucky star
I mean to be fair mainstream media has never really cared about crypto one way or another. Made crypto bros mad when things were going well but now it’s to their benefit
It's political bias in action. He was a major Democrat donor with connections to Democrat politicians and liberal lobbying groups so liberal outlets are protecting his image. Right-wing media outlets are covering this as fraud, but are emphasizing his connections to score political points.
@@waldroj01 It's not capitalism if the government/shadow group is MANIPULATING it
The power of those donations are working as intended.
Coffee is one of the best investigative journalists, maybe today's best. Thank you Coffee
Coffee and Johnny Harris are killing this independent journalism thing on UA-cam
Just goes to prove you can't fail if you're rich enough
very well-done video. Sam and friends should never get out of jail with the level of fraud they committed.
Just imagine if financial crimes on that scale landed you in maximum security prison.
@@GhettoFabulousLorch nah when they’re that big you’ve greased enough palms that you’re basically untouchable. Your criminal trial will barely be reported on, the media will never say your name, you’ll get a slap on the wrist and allowed to bask in the good graces of the people you made rich before you were the black sheep and they get off entirely scot free. Rotted all the way up radical change is necessary otherwise nothing will change
When it comes to spoliation of evidence juries are often instructed to just assume whatever evidence was destroyed would had made the defendants look guilty af
In what alternate judicial system is that true? Juries are literally NEVER instructed that way.
Juries are human. Humans always assume destruction implies deception
@@kpsiegel just goes to show you don’t know what you are talking about
That picture of SBF in the love heart shaped frame with Kevs interview just boiled my bones. Scumbags the lot of them. Cheers Coffeezilla.
I thought that was edited in?
I love it. Makes him look adorable
@@confusedaf1112 we are living in The Onion Age…so I am confused af…oh wait, that’s you, well, me too!
The world needs more Coffezillas urgently.
Huge respect to you coffee. Renewed my faith in humanity.
Why renewed faith? Coffee's just calling it out. You think somethings going to change and fraud will go away???🤣
ah yes, the ole "how could I have known this Mercedes wasn't mine officer, I was distracted" trick. I am happy to see it still works!
Let’s hold ALL these people accountable, including those who knew yet refused to do anything.
lol, good joke.
This isn't wild west crypto land anymore kid, this is politicians and rich people above the law land.
The most amount of accoubtability is the glimpse of truth that a small part of the public get's to see.
And that's basically about it.
The entire Epstein case shows you, what people with power are able to get away with.
That's antisemitic!
Uhhh wtf?
@@leoym1803 how?
Liked and subscribed because it is certainly nice to see someone out there trying to tell the real story. That nugget about Bloomberg was absolutely unreal.
I love how what keeps getting left out of the story is SBF was basically using this company as a unregulated Super-Pac
It's mind blowing how intertwined it all is and that nobody with an ounce of cedibility is investigating it. Definitely got me fired up this morning.
word
Election tampering 21 Century Style IMo
I mean companies pumping money into politicians isn’t terribly interesting. It’s what America is and neither side has any real interest in changing it
Yep. Congressional money to Ukraimia, Ukraimia buys FTX token, FTX token laundered through Alameda and spent to both Democraps AND rino republitards. It's a single party system, and in the end WE get screwed.
"Sometimes you realize, 'Wow, that was probably illegal!'"
Hey man, it happens a LOT more often than you'd think to some of us.
😂
Almost as often as “It seemed like a good idea at the time”.
We just poorly labeled customer funds as our funds I swear. What was supposed to be labeled Steve smith's was accidentally labled ftx arena.
You mean like he kept calling himself a billionaire, when it was actually all other people's money he was supposed to be investing?
@@jonathanj8303 yes.
Coffee out here with infinitely more journalistic integrity than Bloomberg (and likely a majority of outlets with this same conflict of interest). Keep up the good work! Love your content.
💯
"Coffee out here with infinitely more journalistic integrity than Bloomberg "
Of course he has infinitely more journalistic integrity than Bloombeg. That's how zero works.
Coffee you are a gem to this community , you do investigative work that far too many are too afraid of doing. Thank you.
This is such a good video. Sam’s defense won’t hold up under scrutiny.
If your billion dollar company can fall apart due to mislabelling, then there are other major issues going on
This is some spicy shit, the fact that Bloomberg themselves denied running the story at all was the ghost pepper on top. Bless you, Coffee, never change.
Oy vey i wonder why