Kevin O'Leary testifies before Congress on FTX collapse | ABCNL
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- Опубликовано: 14 дек 2022
- Kevin O’Leary, an investor and TV personality, was heavily involved with the crypto company as an investor and spokesperson. On Wednesday, he testified to Congress about the failed company.
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Softball interview. He wants to be on the credit committee to get the $15 million he lost that was stolen money to begin with. He's as shady as they come.
Dude he calls himself mr. wonderful... That's enough.
I can’t believe the guy peddling ftx without disclosing his pay off is still being paid by CNBC for this.
To his defense, he’s been very open about his relationship to FTX. Maybe not here, but he’s done his due diligence. Having said that, I don’t believe a word he says.
@@tiamat_023 how many people knew he was paid $15M 2 weeks ago?
You can’t shut people up, just because you don’t like them. He has a right to try and clear his name
They didn't Epsteined him yet? I guess they are waiting for him to get to the US.
Nobody
Kevin didn't lose anything, he lost what SBF gave him in crypto. If Kevin had got his 15m-20m before the collapse do you think he'd still be so outspoken about this?
He did put on $9 million of His own before the endorsement agreement came about. so yes he did.
@@kristopherryanwatson these poor people you see commenting on this story are too simple to understand. They just want to see a rich man pay a poor man. They see $15 million and decide to feel envy. They probably believe the only way to become rich is to inherent or steal.
@Kristopher Ryan he was paid 15 and 9 of it was in crypto.... that's what Kevin said in a interview. His 9 million + equity is all 0.
Even if he put up 9 million and then paid 15 it's the same outcome according to my quick mafs
Exactly
He is allocated like 20 percent total to crypto, so odd for a guy who used to preach hyper diversification.
He did not invest a dime he did not lose a dime, he made $18,000,000. He is nonchalant about the deal because it cost him nothing but a little time.
How do you know? Do you have acces to his bank accounts?
Exactly he lost nothing. He was paid to sell the product. He was the public face that made the suckered trust him. He is a hand wringing slime ball.
@@thedude5040 He stated under oath to Congress. He was paid to promote. He was paid for taxes. He wrote off any losses to zero.
@@ILOVEMONEY1618 its amazing that you can tell people who have no idea how money works based on their comments
Kevin will steal your wallet and then help you look for it 🤦♂️
Hahahaha
@@ispeeeaaakeeewhaaaleee 🤣
@@cannabisoutlawz I'm dying here dude 🤣🤣🤣
@@ispeeeaaakeeewhaaaleee facts bro
😂🤣😂🤣😂🤣😅
Kevin had 15 million reasons to do a 180 and support crypto
yeah will the pending law suites he will need that money and more! LOL
They didn't Epsteined him yet? I guess they are waiting for him to get to the US.
Thats retarded the 15million came from SBF which was all stolen money from other investors it was never Kevin's to have.
@@ronbonora7872 why would anyone sue him? Do you sue actors in car commercials of the car fails?
The dude stop acting like a lovesick puppy for sleaze bags. Oleary is clearly covering for the rat that effed all of his users and attacking cz whom doesnt eff his. Cz has been running the world's largest crypto exchange for much longer than scam bankman ran his trash and even paid back customers after a hack.
Kevin O'Leary did not lose millions. He got paid $15 million and possibly lost some of that back. Still likely profited more that most people's life earnings.
Completely. This is gross
What changed my mind? $15M
His eyes lit up $$ were do i $ign .....
😂😂😂😂! THAT was a dumb question.
He had an interview were he spoke of a new new york hotel was completely tokenized
How can you ask zero difficult questions / follow-up's even at this point? Absolutely incredible.
This is 100% scripted, that's why.
ABC leans left, 40 million to the Democrats in 2022, and 5.2 million to Biden in 2019. I think SBF donated more than 70 million in 18 months!
His parents are balls deep in the Democratic party, both are compliance lawyers (Stanford,), and dad is a psychologist as well.
The dad helped write Sen. Elizabeth Warren’ legislation, and the mom co-founded super political action committee Mind The Gap in 2018 which has since gone on to donate over 20 million to the democrats.
Alameda Research, the fund started by Bankman-Fried, borrowed billions in customer funds from FTX
Pretty grim, and nothing a left leaning publication will want to talk too much about.
Cuz he's Je₩ish 😂
Jesus loves you all!
Remember that He died and rose up again for you to be in heaven with Him! Believe in His death and resurrection and repent of your sins and be saved!
Have an amazing day ❤️❤
@@Gg-ij7li what is your life? You literally came to the most strange fringe niche video with a shark from shark tank who’s clearly a puppet.. talking about a huge complex financial crypto institution that fell from fraud and you copy and paste the teachings of the good lord? 😂
I mean.. Do you post these comments on business insider videos that have Martha Stuart cooking pancakes while she explains her relationship to snoop dog and the anchor asks her questions about her time in prison? That’s about as equal of a comparison I can make to the total randomness of this video correlated with your comment. 😂 It’s just such a bizarre thing to do. And it’s a reply to a comment too! I’m dead. This is just.. how did you get here my friend? I feel like you got lost on the internet because this isn’t what you’re looking for. 🤣
Amusing that Kevin helped sink Mattel back in the day.. .now he moved on to sink FTX...
Kevin is a snake!
@@howiefeltersnatch7905 The press is just as ridiculous with Kevin as they are with SBF
I’m having a hard time believing that he wasn’t aware of what was really going on or even that he was a part of it
It’s not hard. He got paid to promote it. Wasn’t a director or anything, he was an outside contractor. The business is not gonna hand over financials to him? What for. He got paid and that’s it. Ok Dan get your head out your ass,
My thought exactly that guy doesn't invest money without knowing what hes getting into, he knew was a scam
Time will tell.
@@luiscordova1406 Right!? Can you imagine him entering an investment with without knowing every little detail? There is no way he didn’t know what was really going on. Kevin O’Leary - naive investor- yeah right!
@@luiscordova1406 he has his legal team look into investments he talked about it when discussing why he wouldn’t invest in cannabis
O'Leary's voice inflection, body language, and posture is completely defensive. Like a guilty person trying to hide something. He'll be in the same place SBF is going before long.
How is guilty? He was a venture investor and a paid spokesman with no involvement or knowledge of the internal reporting activities of the company. He’s in the same boat as Tom Brady, Steph Curry, etc.
@@estebanperez4171 This guy knows more than he’s saying. I don’t trust his diatribe for a second. He is too smart to be taken in by this nonsense, which by default makes him part of it.
@@chuckcarmichael7835 why would a spokesperson be looking at Quickbooks. The guy hates losing money why would he have been part of it he lost millions and took a hit on his reputation.
Good luck bringing a case on that basis!
@@chuckcarmichael7835shit I was under the impression that the American justice system was innocent until proven guilty. Unless there's actual hard evidence of wrongdoing then he's not going to prison
Trying to get part of that stolen money ,They promised him 😂 the irony
It takes a thief
Trying to get his own money back?
exactly
He wil get 0$ back !
He'll never see a dime of it back. The people he has hired to investigate will also cost a fortune.
What does Kevin teach: Sinking companies like Mattel and FTX?
He doesn't teach anything. He gives a demonstration. He putts his head in his own arse then blames others it smells funny in there 🧑🎓
ABC just revealing how corporate friendly they are.
Will platform any liar as long as they get some cash money on the other side.
This network is a corrupt joke.
Nothing like having a paid sycophant speaking on your behalf.. 🙄
O'Leary who has been an outspoken advocate of lower and lower regulation of the investment industry is now saying don't invest in an under regulated industry... great, thanks Kev!
Somebody is putting a leash on him
Perhaps if you think about it you will be able to understand that there is quite a significant difference between having no regulation at all and less regulation.
@@supertuscans9512 Perhaps if you think about it you'll realize that "low" regulations in the investment arena equals regulations in name only. Thanks for the attempt to school me though.
I think you need all the schooling you can get. Your comment is simple nonsense.
He blows with the wind ‼️
Wait, you telling me Kevin actually took a deal without perpetuity?
No but this deal might haunt him for perpetuity!
🤣
Damage control. Lock him up
For what crime?
Breach of trust. He has a lot of influence with finance and continues to push the scam.
I’ve never been able to stand O’Leary. I think he’s a greedy and at times irrational decision maker, who has taken advantage at Shark Tank of people desperate for money, who’ve agreed to deals that from their perspective were absurd.
However he was entitled to take this gig and sell the hell out of this platform if he wanted to. It’s no different to doing a commercial for ‘Coke’ and saying it’s the real thing.
@@supertuscans9512 Coke isn’t a Ponzi scheme. As a financial professional it was his duty to research this before he endorsed it.
@@drhouse7264 what law obligates him to do "research". What if he did do research but it was wrong.
Judge: So the company paid you $15M to be a spokesperson, and then gave you $3M to pay your taxes.
Kevin: Yes, that’s correct.
Judge: No Kevin, you were paid $18M! 🥴🤢🤮
🤮🤮🤮🤮🤮, indeed.
Holy cow
They skipped over the fact that he also testified that he got $1m in equity and $10m in FTT tokens, he was paid $29m
THANK YOU
And then Kevin turns around and says he still lost money. I like this guy - but he irritates me a lot these days with his support SBF
He supported the criminals and when those criminals got caught, Kavin says I don't know you. Yet the criminals gave him money. The good, the bad and the ugly.
Yes Kevin I don't know you but since you have me money why not. Fraud
Did he steal his aunties glasses?
She gifted them to him
ALL the celebrities need to be held accountable for telling people to invest their money into this scam…
Kevin “we need to get to the bottom of this”
CEO “It was fraud”
I think that is absurd. It’s no different to David Beckham or Roger Fderer doing adverts for say Gillette and then someone trying to sue them for cutting themselves shaving.
I was never told to invest in FTX. Even if they did
@@supertuscans9512 If the celebrities are stake holders (which they are in this case) then they deserve punishment because they new exactly what they were endorsing
Do you even begin to understand how absurd tour comment is?
Every shareholder in every company in the world is a ‘stake holder’. If every share holder were to be held legally liable for every company they invested in, nobody would ever invest in any company.
You can’t be this simple?
@@supertuscans9512 That’s not true at all 🤣
SBF will learn from this failure. Yes Kevin, he's got 100 + years to think about it
Give Kevin 5 years
Nah .. 15 + 3
Kevin trying to blame CZ is low. CZ just exposed the illegal acts of SBF. Kevin would have preferred that it never came to light. Oh and he was paid with customer's money so actually the customer lost their money, not him.
I think, as will very shortly become clear, CZ has unsolvable problems all of its’ own.
Is he wearing those lady frames to distract me? because it's working lmao
They are from the Gloria Vanderbilt collection
Didn't you know he's offering customers a scotch mint!
@@conor8321 it's Hennigan's
He didn't lose money, he didn't get his 15m pay...
Now I'm just a poor old country lawyer, but, I know a crock of s*** when I hear it
Wait, he peddled a scam, funded the scam, now what's money back? I hope the account holders of FTX sue him.
Are you that dumb?
I would go out on a limb and say what changed his mind and ‘won him over’ was the payment of ‘15 million and another 3 million to cover taxes’
exactly!
I hadnt heard what he was saying till now and unfortunately commented somewhere that I didn't believe he was involved. I'm eating my words now.
Kevin is like the creature from IT: He appears at regular intervals to cause chaos. First Mattel, now FTX
What so you mean Mattel?
someone charged with eight count of criminal act and as a spokesperson for this criminal, earning more than 15million $ and you weren’t clued even at least on one of the eight counts ?????
This is called crime partner he should be jailed as well for sick of all good people lost all their money
he's been a crook for a long tim he swindled Mattell out of 11 million for TLC which lost money almost evy year under his leadership and had cooked books.
He didn't fail he stole
Stole from who? What did he steal?
Kevin O'Leary is involved with FTX at a much deeper level than what has been revealed ... so far.
Kevin Oleary should be jailed with SBF for taking $15mill stolen money and continue to be SBF's mouth piece🤦🏻♂
Crooks On Tape
Not sure how Kevin will come back from this cluster. Not sure if I care either. Feel sorry for people who invested based on presumed credibility of Mr. O'Leary.
I agree. The non-financial “experts”, celebrities, were never credible pitchmen…. Kevin will never recover his reputation. He is squirming over this…
And yet I know of not a single person who invested in FTX. FTX lost what a small $10 billion? The US economy is measured in the trillions of dollars. In the end, society will hardly feel any impact from FTX. Harvard's endownment fund lost over $2 billion dollars this year and no one cares.
Kevin O'Leary is shaking with that paper in his hand. Uh-oh buddy.
Glad someone pointed this out. There’s a saying, a shaky voice often tells a lie!
Glad someone pointed this out. There’s a saying, a shaky voice often tells a lie!
I see a pattern here. 1.) Take Money 2.) Spend that Money 3.) Chapter 11 4.) Say Sorry to the world in as many interviews as possible until 5.) Jail
Kevin buggin, he did no homework and endorsed a crook to make a quick buck
Yep but he is not the only one. People used the exchange for access and benefits too so they all seem greedy to me!!!
He knows more than anyone. He's lying.
I don't understand - why is Kevin advocating for regulation of crypto and saying it should be backed by the U.S. dollar - wasn't crypto supposed to replace the U.S. dollar ? and that it should be out of the hands of the government ?
The utopian pipe dream 😅
O'Leary is a clown on this subject. He is totally off base and literally makes NO SENSE.
Treating him quite respectfully considering his complete life of grift.
Why does O'leary always dress like a funeral director?
He stole the outfit from a funeral director.
because he wears a black suit with the occasional black tie ?? do you not ever dress for formal occasions? he is a business man.
He wants that sleaze ball look
15 million paid is what changed his mind. He should be punished as well for being part of this mess.
Wtf? Punished for what? Is $15 million alot of money to you?
@@thedude5040 Aiding and abetting a Ponzi Scheme. That's what he needs to be investigated and punished for.
@@thedude5040 okay tough guy
SBF has proof his wife was guilty in that boat accident last year. Only reason I can think of him still defendeding the guy, after the charges were laid. Kevin doesnt know the difference between fail business and a scam business.
Oh he knows it. He just doesn’t care as long as he’s getting paid. They are all like that. You think Madoff’s top investors didn’t know? There’s a reason these companies go undetected for so long before they get exposed as pure fraud. Just imagine you discovered every dollar you have is in an account controlled by thief’s. But only you know about it and if you don’t tell anyone you will still be able to get your money out quietly and make a good profit before you do. If you tell the authorities and the other investors in this account you will loose it all and so will everyone else who put their money in this account. It’s an insane dark place. But when you think about it being you’re entire savings plus your entire income and your past taxed income you can see how it works.
Obviously the fraud investors are bad evil people. No question. But does that make you a bad person? Honestly.. On one hand your actually saving a lot of people from getting ruined at that moment by not telling anyone and the fraud continues. you’re finances are still fine and you can continue to get your monthly payments along with everyone else. On the other hand youre allowing them to continue to do this scam and it will implode eventually. I’m not comparing O’Leary to this analogy of you’re entire life savings and income. He’s trash. He also definitely wouldn’t say a word even if he only had one tenth of 1% of his money in this. Not everything. But to demonstrate how these people think I have to use that analogy because one tenth of 1% of their money is more important than 100% of everyone else’s. And the cycle never ends.
💰🌀 💴 🟰 😁 😊😉😊😀🤪☺️🤗
💰 👮 🟰 😔 😔☹️😞😕😞😟😪😥
He was paid 15 million to solicit millions of investors to help steal money.
Even with the current dip in cryptocurrency, I’m still glad I can smile 😊 back at my portfolio of $105,850 built from my weekly trade, I’m having my fourth withdrawal in 10 business days.
I heard a lot about Mrs Pamela Williams and how good she is, please how safe are the profits?
I have also been trading with her, the profits are secured and over 100% return on investment directly sent to your wallet or bank.
Oh please guys, is there any way I can speak to Mrs Pamela Williams, this sounds so helpful and I would love to join the train 🙏
She’s sure active on What’sapp
+142
Yeah, with how thoroughly venture capitalists especially the likes Kevin usually look into startups before investing, he knew it was a scam.
Why the hell would they let him be on the credit committee 🤔
There's no credit committee in prison, what are you on about? 😜
Kevin is part of it all he was happy to take 15 million of Sam lol 🤣🤣🤣🤣
So Mr Dirtbag now is admitting he made 15 + 3 million. This leaves him up 8 million. Don't be surprised to learn he swapped FTT tokens for Bitcoin now hidden on a private wallet
1:06 "You were a critic of crypto before investing in FTX, so what changed your mind?"
Fifteen million dollars.
Looks like SBF has some dirt on O'leary...more than just the 18 M that he gave him.
Come after him like they did Kim
Just wow
She let him off the hook. He didn’t answer the question and keeps giving the same practiced speech. “Credit Committee”
Lock him up
Lock you up for being a moron
O'Leary trying to blame Binance but it was FTX who used customer funds to fund their lavish lifestyles and endorsements and political donations.
Did we not watch the same thing? I didnt hear him blamw Binance
He is a net winner.
15 million minus what he put in is a positive number.
Not if he is paid in tokens that are not cash able.
@@donaldlyons17 When a guy says he was paid 15 Million dollars.....it is safe to assume it was dollars.
@@bjohnson515 so why buy more crypto with it? Why not just leave it in cash?
@@donaldlyons17 Maybe he did. He said he lost 6 or 7 million in FTT. So it seems he did keep the rest in cash, which makes him a net winner on the hold deal. 15 -7 = 8
@@bjohnson515 so why not just never talk about it then? I can’t imagine getting a profit from someone in legal trouble and ever talking about it to anyone!!!
Right off the bat- htf is the tax due on $15,000,000 only $3,000,000 and does anyone *legitimately* believe that this guy DIDN'T skrrt that bill?!
Oh, things aren't going wonderful for Mr Wonderful?
Kevin Oleary is loving the spotlight. He was expected to be paid 15 mil, he didn't lose anything
So is the lady on the left. :)
Anyone that put money into Crypto should not be surprised when they lose money--- Crypto has nothing backing it up except another greedy fool being willing to buy the Crypto from you.
Of course he knew, you see him on shark tank grilling these people nickle and dime them, of course he knew how the operation was
going because he was getting paid. A billionaire investor like him is not gonna hop on his own plane to the Bahamas and check out
the operation, LOL! I would have love to see the reaction on his face when he saw them using the 👍👍for transaction approval,
he had to have been floored, got up, walked out, told Sam, " I was never here!"
Only question we want to hear kevin amswer is when he plans to pay back the atleast 15 mil he got from fraud to the users of ftx...
Thank you!
Why is he obligated to pay it back?
Kevin is probably most worried about the class faction lawsuit that is getting lobbed the way of every individual / institution who was a spokesperson for FTX.
No way will I invest in someone who previously made a "catastrophic mistake" of intended fraudulent activities. The only thing they are going to learn from it is that they will never be trusted again
According to CZ, SBF bought its shares back with mostly FTT tokens. Not cash.
Regulation should not necessarily be pointed at crypto itself but the exchanges that custody the customer funds and transactions for crypto currencies, There’s a lot of good products and good coming out of Blockchain technologies it would be a bummer to see all that come to a screeching halt because of regulation😊
“ All those that suffered losses are better off for it”. Kevin O’Leary
OH REALLY-Tell the Victims of the Great Depression How much Better off they are..? And while you’re at tell the Banks how much better off they are that they were Robbed..?
Any bank that lost money in this scam should have their banking license revoked for utter and complete gross incompetence.
I am loathe to say this but I cannot but help wonder if one looks at the known major investors here , if there isn’t a pattern.
The larger names appear to be operated from people coming from the same ‘community’ as SBF.
This may of course be entirely coincidental but it does give rise to pause for thought. Perhaps the existence (or lack of it) of this pattern will become clearer as more of the larger institutional type investors become known.
Time will tell.
Regulate Crypto and it will vanish like Spring frost. Pure Speculation.
What changed his mind? 15 million reasons...
If I lied to congress as much as Kevin O'Leary has I would have to flee to Russia like Snowden. Apparently when you are rich, congress lets you do it.
If Kevin is so smart, why didn't he know whether or not there was Board of Trustees, common.
Would you know? I doubt it
He also involved in this
Barbara - “…. Im out”
Big Kev, did not say this in other interviews, his meandering story keeps changing
kevin is not the owner of ftx be mad at sbf. kevin is saving face value he got into crpyto and it backfired on him.
So who all received stolen money???
Caroline Ellison
It was spent. And there will be "clawbacks," but most money is likely lost forever.
@@hhm140 if they ate serious about clawbacks they can always use garnishments to get it right?
The Democrats received over $40 million in donations, have you seen Maxine Waters blowing kisses at SBF? Truly disgusting how our politicians are so corrupt!
@@nancylove8360 dude he had to be getting the money from somewhere why are you upset? It is like not liking banks after the 2008 issues. No I still need banks and I don’t mind the fees that they charge either!!
Why hasn’t O’Leary been arrested?
For what exactly? Personally I can’t stand the guy, I’ve always considered him to be a complete an utter Cnut (Excuse the dyslexia) but that is not a criminal offence.
Conspiracy to defraud.
Leary blames Binance? crazy!
Haha, I didn't know anything, things happened. But I will be on the committee to get my money back 🤣. Yeah I'm sure he'll share that with others that lost everything, golden parachute for him
The industry’s promise? You mean zero-sum gamble for crypto??? Maybe not for stablecoin, but CBDC will blow you out of the water, O’Leary.
Kevin how's your own exchange doing in Canada lol
15 millions make him change his mind
When things change I change.. like 15m bucks from FTX...
That 15 mil didn’t make a dent at the collapse of FTX champ
Personally, I preferred the long form interview.. where prepared answers can't be deployed.
he did not spend any of the money on anything
Why don't they stay young?
It's so hard to get old without a cause
I don't want to perish like a fading horse
Youth's like diamonds in the sun
And diamonds are forever
So many adventures given up today
So many songs we forgot to play
So many dreams swinging out of the blue
Oh let it come true
Forever young
I want to be forever young
Do you really want to live forever
Forever, and ever
Yes to watch the world burn.
Kevin O’Leary got the snitching glasses out 🤣🤣🤣
This man is Walter from Jeff Duham show.
What won Kevin over on crypto? 15 million did 😂
I like the stance here of how this a big fucking joke on ABC News.
How can I view the blockchain ledger
It's amazing being dyslexic and he can read so well
Trying to save his little buddy
They didn't Epsteined him yet? I guess they are waiting for him to get to the US.