O'Shares' Kevin O'Leary weighs in on FTX

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  • Опубликовано: 13 дек 2022
  • O'Shares Investments' Kevin O'Leary joins the traders to discuss the latest news from the FTX bankruptcy and the arrest of Sam Bankman-Fried. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Michael Contopoulos and Guy Adami. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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Комментарии • 2,9 тыс.

  • @frankpierce6505
    @frankpierce6505 Год назад +44

    I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now.

    • @zoeynora1229
      @zoeynora1229 Год назад +6

      The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

    • @tonyrichards1476
      @tonyrichards1476 Год назад +5

      Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

    • @jessicasarah7285
      @jessicasarah7285 Год назад +5

      the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

    • @rileylayla9172
      @rileylayla9172 Год назад +4

      Wow I know Mrs Naomi and I have also been trading with her, She's such an amazing woman with good skills and keeps me happy all week knowing I earn 15thousand extra income weely trading with her.

    • @quinnnevaeh4338
      @quinnnevaeh4338 Год назад +4

      yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.

  • @vanhocwong6689
    @vanhocwong6689 Год назад +206

    Kevin should be charged as well. He is now deflecting for SBF. And investors should sue him for everything he has.

    • @iamdanilo4955
      @iamdanilo4955 Год назад +5

      I AGREE 💯

    • @oldcat87
      @oldcat87 Год назад +5

      He is a fraudster and grifter

    • @orangemanbad
      @orangemanbad Год назад

      Then so should all the democrats that took this money to run their campaigns

    • @kingofnara
      @kingofnara Год назад +1

      @@orangemanbad maybe they should but then so should the republicans that he also gave dark money too to run their campaigns and the money that FTX gave the republicans not thru Sam

    • @orangemanbad
      @orangemanbad Год назад +1

      @@kingofnara totally agree. But there is very little dark money in Republican campaigns. All the billionaires are democrats. And they clearly buy and sell democrat politicians. That’s why the Dems are a party of elites that are disgusted by hardworking Americans

  • @j.burgess4459
    @j.burgess4459 Год назад +18

    The more Kevin tries to cover up for Bankman Fried, the more you have to ask yourself whether he was also complicit in the fraud?

  • @FuzzyGreyPenguin
    @FuzzyGreyPenguin Год назад +106

    He lost me at ‘Binance put FTX out of business’. It is not Binance’s fault that SBF misappropriated ALL his customer funds. Kevin is digging a bigger and bigger hole for himself. He doesn’t realize he’s actually ruining his own reputation with the ways he’s trying to ‘save’ it 🙄

    • @EdwinMarchan10
      @EdwinMarchan10 Год назад +5

      100% in synch "He lost me at ‘Binance put FTX out of business’. "

    • @DT7w8
      @DT7w8 Год назад

      Its obvious Binance is smarter than FTX you can see how Sam got played by the real M'Coy who saw the opportunity and made $2 or $3 billion over the buy back on their 20% stake may be $6 billion. Lets say that's where all of the cash went.

    • @Andy43210
      @Andy43210 Год назад

      I'm guessing you aren't aware of the Binance CEO, Changpeng Zhao's (aka: CZ), tweet which was made following the article that Coindesk put out about Alameda's balance sheet?
      CZ threw Alameda & FTX under the bus. Then, get this, CZ offered to buy out FTX shortly afterwards.
      Binance definitely played a part in the demise of FTX. I'm not supporting SBF or FTX either. The whole thing was a mess and needed exposing. But the way CZ went about it? He knew what he was doing. He (CZ) also recently paid for a sham audit and moved $2billion as part of it. I mean, nothing says "this is our account" like two billion USD, right? No auditor would ever ask for that.
      Watch this space, Binance will be next.

    • @thefunexaminedlife1145
      @thefunexaminedlife1145 Год назад +1

      @@DT7w8 I can't tell if you fully understand it and are joking throughout your whole post or if it's worth clarifying that the 2 billion pickup is inconsequential (and not 2 billion because the ftt tokens are worthless) compared to the value of putting an illegitimate "exchange" out of business. But, yes you are right that binance and CZ are far superior

    • @Andy43210
      @Andy43210 7 месяцев назад

      @@DT7w8 this didn't age well...

  • @Nighthawk-8050
    @Nighthawk-8050 Год назад +972

    I think it's time for Kevin O'Leary and CNBC to go on their own separate ways I really think it's for the best

    • @none_the_less
      @none_the_less Год назад +40

      I think so too, he is digging himself further down.

    • @S62r
      @S62r Год назад

      Yes they need to stop giving him a platform as CNBC is implicated in the FTX meltdown. They are just putting him on an apology tour to resuscitate his reputation while pretending to be grilling him.

    • @MrChazz965
      @MrChazz965 Год назад

      What is he talking about? The new CEO of ftx says it’s embezzlement? Idiot.

    • @S62r
      @S62r Год назад +4

      How was he a paid spokesperson but also not responsible for “putting an LP into it”??

    • @rickybobby7276
      @rickybobby7276 Год назад +25

      Yea this guy embarrassed himself. Now he is in front of congress embarrassing the entire finance industry.

  • @huseyinkuzucu5308
    @huseyinkuzucu5308 Год назад +271

    I lost respect for O'leary. How the hell does he not see the company went bankrupt due to fraud and over leveraging FTX clients funds on Alameda. Blaming Binance is hilarious and stupid.

    • @juneribaldi7093
      @juneribaldi7093 Год назад +5

      Yep

    • @ThePervertedHymns
      @ThePervertedHymns Год назад +6

      Um, because he's lying?

    • @boarhog1979
      @boarhog1979 Год назад +2

      It is a moral argument. Binance are not exactly reputable and certainly have zero ethics

    • @Bear_Arms
      @Bear_Arms Год назад +5

      @@boarhog1979 you have no evidence for that.

    • @Matt-bg5wg
      @Matt-bg5wg Год назад +13

      Kevin was paid $15 million (that we know about) from FTX to be a spokesman. This is him being a spokesman.

  • @bubblesculptor
    @bubblesculptor Год назад +102

    "We don't need any more inquiries" sounds like something someone who really needs to be investigated would say.

  • @stevenbergwin5074
    @stevenbergwin5074 Год назад +340

    With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.

    • @ericprunty3734
      @ericprunty3734 Год назад

      @Brett Atkinson That right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by the financial advisor I use, so you don't necessarily need to be a perfect investor or do the hardworks, just have a professional guide you.

    • @soloymi
      @soloymi Год назад

      Scammers

  • @bilw1960
    @bilw1960 Год назад +250

    Kevin still speaks like he knows what he's talking about. Amazing.

    • @leemorrison1700
      @leemorrison1700 Год назад +6

      That's what he acts like

    • @ThePervertedHymns
      @ThePervertedHymns Год назад +9

      He knows what he's talking about, he's just lying to cover his own a$$ because he is totally screwed

    • @grenachegirl
      @grenachegirl Год назад +7

      Totally, he keeps spinning all the lies and can't keep track of them. He goes on One show says one thing goes on another show says another thing. Yeah,... Investigate him!!!!!

    • @kentdavis7279
      @kentdavis7279 Год назад

      Kevin O’Leary talks a big story, but he’s a loser on FTX big time. Totally lost what little credibility he had with me. He’s was paid $15 million from FTX, a paid spokesman. Hope that gets clawed back and he gets fired from CNBC.

    • @aamayacurryman1419
      @aamayacurryman1419 Год назад +4

      Yeah he's a con man

  • @MangosInTrees
    @MangosInTrees Год назад +169

    This guy just won’t stop. It’s comical how much he’s ruining his reputation over this.

    • @bjvu9460
      @bjvu9460 Год назад

      at this time, he has no choice but to defend the indefensible because it makes him look stupid. its like being caught in a lie, but, instead of admitting the defeat, you start telling more lies to try digging yourself out of the already uncovered truth. he always wanted to be the smartest guy in the room and now he has been exposed.
      now, what else do kevin do that has this sweetheart deal? hmmm, this is actually how the shark tank program is ran. they are paid x amount of money for their participation and in effect, have to quote unquote, invest their own money when they are already guaranteed to earn millions from the show. so, they get paid 10 million per season then turn around and claim to invest their own money into the companies which is a farce. all they are doing is taking some of the proceeds from the show and using it as an investment into the companies that comes on the show.
      this is what kevin did with ftx so the clown didnt lose any of his principal !

    • @nosuchthing8
      @nosuchthing8 Год назад +6

      He's hoping to claw back that 10m Sam owes him.

    • @ST5S5
      @ST5S5 Год назад

      He sounds like such an idiot trying to blame another company for the fraud ftx committed

    • @kkulkulkan5472
      @kkulkulkan5472 Год назад +3

      I think he was always a clown and didn’t have much of a reputation to begin with (other than perhaps being able to be bought or hired to say anything for $).

  • @crumplezone1
    @crumplezone1 Год назад +16

    Wow CNBC have used this man for years and now his real character has come out and it stinks, way to go CNBC

  • @gabrielpaulo6817
    @gabrielpaulo6817 Год назад +11

    Creating another source of income in these difficult times is the best thing to do. Not only does it guarantee returns, it also helps you plan and save for future expenses. It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor.

    • @lincolnburrows7392
      @lincolnburrows7392 Год назад

      Does anyone here knows how to contact Mrs DorothyAnnHuntt? thank you.

    • @iseulhangul3308
      @iseulhangul3308 Год назад

      Thank you, I have contacted her and she responded

    • @selgierodriguez954
      @selgierodriguez954 Год назад

      Thanks to DorothyAnnHuntt i met her in the stock marketing aspect which is binary / forex trading and crypt0, with her results I strongly believe she will also be fine trading crypto she is registered with various regulatory bodies.

    • @harinidasgupta4546
      @harinidasgupta4546 Год назад

      When someone is straight forward at what he or she does peodple will always speak for them.

  • @SD-mg7np
    @SD-mg7np Год назад +173

    kevin has lost all street cred in the finance game

    • @thomasscott1570
      @thomasscott1570 Год назад +4

      a lot of connections dissapeared

    • @n0us3rn4m3s4v41l4bl3
      @n0us3rn4m3s4v41l4bl3 Год назад +1

      He had some to begin with?

    • @steveochremchuk7143
      @steveochremchuk7143 Год назад +3

      Ya him and sb fraud can share a cell

    • @raphaledaniel542
      @raphaledaniel542 Год назад +1

      Enough to try to block Binance from growing their business in other jurisdictions??

    • @n0us3rn4m3s4v41l4bl3
      @n0us3rn4m3s4v41l4bl3 Год назад

      @@raphaledaniel542 yeah it's my competitors fault for offering lower prices, exposed my fraud. Where is congress when u need them?

  • @mikem3789
    @mikem3789 Год назад +445

    Kevin wasn’t a ‘true investor’. He used the house’s money. SBF paid him $15 million to run cover for this criminal scam. Give us all a break.

    • @alpha-male1959
      @alpha-male1959 Год назад +15

      I tried making the same comment but RUclips shadow banned
      Also..I guess he wasn’t paid by binance

    • @terry1893
      @terry1893 Год назад +8

      2 billion went to coin buy-backs…. O wait maybe it was 3 billion…Sammy Boy belongs in prison …

    • @mysticjedi6730
      @mysticjedi6730 Год назад +3

      He allocated 5 percent of his portfolio to crypto crap.. now he has an incentive to pump it up... he is down big time on his crypto holdings... he let me down big time drinking coolaid on crypto...

    • @STOPPOLICECORRUPTION
      @STOPPOLICECORRUPTION Год назад +3

      Plus 3 million for taxes on that 15. But Sam pumped him up and he got nothing. Amazing how he was against crypto and has been blinded by it. I think he's in denial.

    • @sattoriemei3210
      @sattoriemei3210 Год назад +6

      Most likely that $15 million paid to Kevin was from investor funds so Kevin will need to pay that back if SBF is found guilty.

  • @JazzfireflyNZ
    @JazzfireflyNZ Год назад +14

    Kevin is bluffing his heart out.

  • @hoshifuyo4494
    @hoshifuyo4494 Год назад +27

    This is an amazing video and i enjoyed every bit of it. And i'm also excited to share my investment experience so far this year. I believe it will help a lot of people here who are confused on how to startup theirs and be productive for the year...

    • @hoshifuyo4494
      @hoshifuyo4494 Год назад

      From my own point of view, you need to invest smartly if you need the good things of life. so far, i've made over $355k in raw profits from just q4 of the market from my diversified portfolio strategy and i believe anyone can do it if you have the right strategy. Mutual funds takes long time, but investing smartly is the key for short term. Most of us tends to pay more attention to the shiniest position in the market to the cost of proper diversification.

    • @michaelcollins1220
      @michaelcollins1220 Год назад

      @@hoshifuyo4494 Wow!!!,
      This is super awesome. I'm willing to start saving properly or at least have a good investment. Please tell me more about it. I'm an amateur investor, i have 2 IRAs, I do not like the cookie cutter responses from; Fidelity, Vanguard Schwab, etc 7%-9% year on average. How do you invest?

    • @hoshifuyo4494
      @hoshifuyo4494 Год назад

      My portfolio is very much diversified, and i work and follow the trades of WINONA ALETHEA LIVINGSTON. she's well known for what she does. I met her sometime early last year at a start-up funding event, she said lots of enlighten and interesting things about the state of algorithmic tradings. Today, very obviously, I'm seeing the results. After the 16th day of my investment with her, I made profit of $7,900 and it gave me a strong ground to invest more and more.

    • @michaelcollins1220
      @michaelcollins1220 Год назад

      @@hoshifuyo4494 What do you actually mean by following trades?, do you mean copying her trades, as it is done in etoro? Are you giving her your money or the money says in your account? Please explain more in detail for better clarification ...

    • @hoshifuyo4494
      @hoshifuyo4494 Год назад

      Yeah exactly,
      My portfolio/investment manager, a well professional online broker, WINONA ALETHEA LIVINGSTON has an investment platform where you don't need to stress on your trades. All you need to do is invest and watch your trades grow from your dashboard.

  • @amcacertified2038
    @amcacertified2038 Год назад +249

    Kevin once said "I haven't told a lie of any kind in over 35 years." I knew that moment he was a liar.

    • @malervik4176
      @malervik4176 Год назад +6

      Lied about the boat accident and FTX...he is fake news

    • @123cbman
      @123cbman Год назад +1

      Someone should add audio in the vide saying: It was at this moment he knew he fu**ked up.

    • @pe6921
      @pe6921 Год назад

      He's a conceded, self-promoting idiot...such a phony.

    • @SebastiaanVaz
      @SebastiaanVaz Год назад

      That means you already knew he was a liar so your statement doesn't make sense :)

    • @kriscampbell2327
      @kriscampbell2327 Год назад +1

      I totally agree. I pride myself on being honest, studying Buddhist and Christian principles of " thou shalt not steal" and earning my money "by right livelihood". But in being honest. With myself I realize that there are subtler and subtler ways in which to be dishonest. Everyone lies. If someone brags they haven't told a lie in 35 years, that is a big lie.

  • @chengxiong3821
    @chengxiong3821 Год назад +326

    Kevin has no shame. He was the brain behind the FTX scam and now he's trying to blame Binance. We are not deaf and blind, Kevin.

    • @marym3355
      @marym3355 Год назад +2

      Good theory actually! There is something bigger behind

    • @chengxiong3821
      @chengxiong3821 Год назад

      @@marym3355 Kevin is nothing but a crook.

    • @mbomba4415
      @mbomba4415 Год назад

      I don’t understand that either

    • @chengxiong3821
      @chengxiong3821 Год назад +1

      @@mbomba4415 Kevin along with SBF ran this pyramid scheme, FTX, and stole billions of dollars from innocent investors. Now that they're caught, he's trying to blame Binance for their crimes.

    • @manzanasrojas6984
      @manzanasrojas6984 Год назад

      He wasnt the brain behind it. He simply got paid 15million by FTX to be a spokesperson in public.
      Apparently in dire need of that money, as hes been doubling down on it for weeks now, possibly because he got paid by customer funds and doesnt want to give them back lmao

  • @ricardoams
    @ricardoams Год назад +15

    He is the 'smart' money we're told about.

  • @smaragdplein
    @smaragdplein Год назад +6

    What was wrong was that Binance confronted FTX with their scam and demanded their money back or they would otherwise out them. Kevin is making up a story to clear himself while he knows he made this fraud possible.

  • @detnibul9361
    @detnibul9361 Год назад +265

    O'Leary is trying to save his reputation and is failing

    • @nancylove8360
      @nancylove8360 Год назад

      He is a snake

    • @ZidaneSteiner
      @ZidaneSteiner Год назад

      I can’t believe he would be this clueless. I would bet he’s bought and paid for. He had to say these things. Don’t forget the Clintons are involved.

    • @ronbonora7872
      @ronbonora7872 Год назад +4

      Kevin should be let go from Shark Tank. Kevin should be fired period!

    • @giacomu1
      @giacomu1 Год назад

      what reputation? stop watching TV and all this BS. They put SBF in CZ mouth from the day one. The big picture here is how to take down CZ and his Binance exchange. SBF it's just a piece of meat who is gonna ignite the fire. Don't you follow the narrative ? CZ put FTX out of business? How? The simple question is how? if i say that you have only 100$ in your bank account and i know that you need 1000$ by the end of the month to pay your bills. Pay the bills and prove me wrong. That's it. FTX should've said the same think about Binance, i guess it's too late for that now.

    • @hotvegas2498
      @hotvegas2498 Год назад

      Kevin didn’t steal the money. SBF stole!

  • @rvanbeau2009
    @rvanbeau2009 Год назад +439

    Without spending $2 or $3 billion buying back shares the ponzi scheme could have kept on running longer is what Kevin is saying.

    • @marcgriffo
      @marcgriffo Год назад +13

      Yes! pulling in even more unsuspecting investors. Thank God it got exposed! although I am dreadfully sorry for anyone who lost money but, it was a ticking time bomb.

    • @vanhocwong6689
      @vanhocwong6689 Год назад +18

      excellent point....yes SBF would continue scamming more people and Kevin would continue making more money

    • @dineshmistry8902
      @dineshmistry8902 Год назад +4

      Absolutely well said... and Kevin would have continued collecting $15B the longer the ponzie setup carried on 🤓

    • @ML1.0
      @ML1.0 Год назад

      Thank you

    • @Jay-xr3sb
      @Jay-xr3sb Год назад +12

      He was paid 15mil, cash.
      It was cash plus 1mil in ftt tokens.
      He used the ftx platform to invest/gamble 10mil, this is separate. A risk he took on various coins on a platform he did no diligence on.
      Turns out it was a fraud, he lost his 10mil, but came out above others as he took cash for plug ftx.
      He's acting innocent and attacking binance because they called out a ponzi/fraud?
      The 15mil is proceeds of crime, he has to pay it back by force.

  • @garrettbewsy144
    @garrettbewsy144 Год назад +3

    i rarely see kevin is nervous. you can hear in his voice. you can hear the pain in his voice

  • @Strengthinhim7
    @Strengthinhim7 Год назад +2

    Kevin's apology tour brought to you by his PR team 😂

  • @capricemadrid5353
    @capricemadrid5353 Год назад +489

    Scam Bankrupt-Fraud and Kevin O'Leary are perfect for eachother

  • @MarkSmithhhh
    @MarkSmithhhh Год назад +209

    Lol binance may be unregulated but he did NOT put them out of business...binance simply sped up the inevitable

    • @rickybobby7276
      @rickybobby7276 Год назад

      Any all out run on any bank (even FDIC insured) will end the bank. Saying that you caused an all out run on a bank, and ended the bank means nothing about the bank that fell. The fact that FTX was poorly run doesn't really matter, because any coin or crypto firm can crash if there is a run in liquidating it. CZ is a piece of trash as big as SBF. Lol, did you see the supposed audit of Binance? It was a literal joke.

    • @ST5S5
      @ST5S5 Год назад +8

      Exactly. Binance didn’t make them commit fraud

    • @md.mohaiminulislam9618
      @md.mohaiminulislam9618 Год назад +1

      if it was a individual or short selling hedge fund it wouldnt have been as sketchy, binance was a rival directly announced theyd plunge ftt token price to bottom. they knew what that would mean for ftx. all tokens are created from codes its value is good as market speculates it to be

    • @kingofnara
      @kingofnara Год назад +3

      @@md.mohaiminulislam9618 still didn't make them commit fraud

    • @md.mohaiminulislam9618
      @md.mohaiminulislam9618 Год назад

      @@kingofnara Thats another matter altogether which binance didnt know about, otherwise they wouldnt swoop in to buyout a company they helped bankrupt. They aimed for the homerun and it will now come to haunt them. The cards are out, regulators are gonna come hard in this industry.

  • @upinsmoke2897
    @upinsmoke2897 Год назад +3

    Was Binance also responsible for the FTX token which made up prices out of thin air?

  • @whittetful
    @whittetful Год назад +2

    “The money went to Binance” … “I don’t know where the cash is”

  • @sarahgriffiths9750
    @sarahgriffiths9750 Год назад +173

    Surely FTX put themselves out of business by using funds that were not theirs for illicit purposes.

    • @mbomba4415
      @mbomba4415 Год назад +3

      Agree with you.I don’t understand why he is blaming Binance.If Ftx had customer funds they would still be fine.He seems to be protecting Sbf

    • @thepapervigilante2208
      @thepapervigilante2208 Год назад +1

      @@mbomba4415 because Binance should help giving back the money FTX payed to them at this point. Don’t you think that is necessary to refund the scammed people on FTX?

    • @Grivier2
      @Grivier2 Год назад

      @@thepapervigilante2208no

    • @dgoullet1
      @dgoullet1 Год назад +3

      I can not believe this guy is still a contributor to this network

    • @robertchong6313
      @robertchong6313 Год назад

      What a sleazy guy!

  • @dragonbot2038
    @dragonbot2038 Год назад +48

    Kevin O’Leary just showed that money is more important to him than ethics and morals. What a low life. $15m was just what FTX promised him for being a spokesperson. Not his own money and he should give it up to true investors who put in their own money.

  • @Nancie6290
    @Nancie6290 Год назад +4

    So sad to see these criminals , did their parents ever tell any of them , not to steal it’s not right . Just like pigs in a mud puddle rolling around in someone’s else’s money . Disgraceful game .. hurting so many people in the process

  • @RealAnthonyJones
    @RealAnthonyJones Год назад +4

    Patiently waiting for the movie to be made about this that’s gonna put “Wolf of Wall Street” to shame

    • @divinediva6320
      @divinediva6320 Год назад

      THe Crypto Criminals of Wall Street not the Crypto Saviors they promoted SBF as Future Warren Buffett on Forbes! He stole funds to Marketing the Financial Theft Exchange FTX!

    • @RealAnthonyJones
      @RealAnthonyJones Год назад

      @@divinediva6320 don’t forget he was the Crypto J.P. Morgan at one point too.

  • @cfwin1776
    @cfwin1776 Год назад +386

    The main issue was that SBF stole customer money, not assets lost values due to the bank run triggered by Binance. Kevin O’Leary is trying to defend SBF because they are both guilty of conspiracy. Defending SBF is same as defending himself.

    • @nosuchthing8
      @nosuchthing8 Год назад +6

      Excellent post

    • @DrewEatsShit
      @DrewEatsShit Год назад +1

      How do we know O Leary is guilty of conspiracy? Asking out of interest. Clearly we know neither individual has gone through the whole rigamarole, though Sam does LOOK more guilty

    • @rees1785
      @rees1785 Год назад +3

      everyone is giving sam way to much credit for this, he really actually isnt that smart.... it was CZ...
      CZ is the one that essentially did an inside hostile taking over by buying and selling great portions of majority token holdings.

    • @d7seven
      @d7seven Год назад +1

      Wrong

    • @d7seven
      @d7seven Год назад +2

      @@DrewEatsShit people are quick to pass judgement because the Algorithm is controlling how they think

  • @Kyzyl_Tuva
    @Kyzyl_Tuva Год назад +47

    O’Leary should just disappear quietly. Every time he show’s his face makes me disgusted. He took $15M as a paid spokesperson for FTX. That is THE story. I now have zero respect for this man.

    • @pencils812
      @pencils812 Год назад

      He told the Senate today that on top of the 15 mil, he got an additional 3 mil to cover the taxes....I hope the IRS is looking into this guy.

    • @metaboss2021
      @metaboss2021 Год назад +1

      Yeah, and that money was customer funds because Sam wasn't worth that much.

  • @angelmatos9143
    @angelmatos9143 Год назад

    When you've built a 'financial guru' reputation telling mom's with a lemonade stand "you're dead to me" it usually ends up like this.

  • @JustMe-fk5uo
    @JustMe-fk5uo Год назад +102

    If Kevin was paid with stolen money, doesn't he legally have to pay it ALL back? I don't trust him anymore.

    • @mattjcrane
      @mattjcrane Год назад +3

      You could say the same about Tom Brady

    • @Thea-gj2or
      @Thea-gj2or Год назад +2

      You never should have trusted him to begin with. Don't ever think that any of these talking heads have your best interests at heart. They don't.

    • @unorubbertoe
      @unorubbertoe Год назад

      @@mattjcrane I'm cool with that. He can spare it

    • @laserpmr
      @laserpmr Год назад +3

      @@mattjcrane yes, all of them would have to give the money back. same thing happened to Madoff investors that took their money out before the crash

    • @alexn6994
      @alexn6994 Год назад +1

      All.the politicians who received money should give it for the bankruptcy payouts. But hey, crooks are gonna crook.

  • @arbitrader893
    @arbitrader893 Год назад +50

    Investor? He invested no money , he lost what they paid him to pump it up.

    • @Gump-tion
      @Gump-tion Год назад

      No, he's net positive on this. FTX paid O'Leary $15M. He lost roughly $11M on FTX investments. He still walked away with a few million after playing with house money.

    • @MrC8025
      @MrC8025 Год назад

      @@Gump-tion he's mad because he's going to have to pay it back.

  • @wellbalance2022
    @wellbalance2022 Год назад +1

    How is Kevin missing the part where FTX went out of business because they didn't honor the terms of agreement with the customers?

  • @lakesideaquatics
    @lakesideaquatics Год назад +62

    I can't help but wonder what Kevin is hiding.

    • @ceed3d396
      @ceed3d396 Год назад +4

      And that's EXACTLY where I'm at on this. What is he hiding? You can hear it in his tone.

    • @steveochremchuk7143
      @steveochremchuk7143 Год назад +1

      He is just as guilty for pumping the stock

    • @davidarnaud8290
      @davidarnaud8290 Год назад

      Me to

    • @blackcoffee.
      @blackcoffee. Год назад +1

      Yeah. He's a lying pirate trying to get out in front of this. It won't work.

    • @lakesideaquatics
      @lakesideaquatics Год назад

      @GT500 Putin's or Twitter's. Depends on your disposition.

  • @xaviergarcia1606
    @xaviergarcia1606 Год назад +88

    I think what Kevin is trying to say is that due to how advanced ftx is, the money went to the 4th dimension

  • @andrewj10
    @andrewj10 Год назад +1

    I think a multi-billion dollar company should be able to survive a tweet if it is a viable business.

  • @kwaishiu6460
    @kwaishiu6460 Год назад +1

    He was saying totally different things when Fried gave him that $15 mil to be the FTX salesman

  • @andyatmosphere
    @andyatmosphere Год назад +140

    It’s time for Kevin to consult with a lawyer.

    • @billbill6576
      @billbill6576 Год назад +2

      I’m sure he already has

    • @Jay-xr3sb
      @Jay-xr3sb Год назад +2

      Already got himself and wife off a manslaughter charge, they are in speed dial

    • @TheNofear25
      @TheNofear25 Год назад +2

      I don't he need to consult lawyer. He is more appropriate go for metal check up.

  • @sungkim742
    @sungkim742 Год назад +143

    I knew that Kevin would eventually get burnt by his involvement with crypto. I didn't know it would be this epic.

    • @id10t98
      @id10t98 Год назад +3

      When you're a scammer and a perpetual liar like Punkin'head KevyO'Leary, this is the logical conclusion.

    • @Dustinisnotavailable
      @Dustinisnotavailable Год назад +2

      Well that's just it. He didn't get burned. He still made out with $5 mil (about 10mil invested and in a user account lost while he was paid $15 mil to advertise). That's the only reason he's still trying to defend SBF. If he would have lost $5 mil, he would be the first person in the picket line holding a sign saying "send SBF straight to jail".

    • @tuanas458
      @tuanas458 Год назад

      Alot of people got burnt. Kevin has other investments. But normal people are hit harder.

    • @laserpmr
      @laserpmr Год назад +2

      @@Dustinisnotavailable he will have to give 15 milllion back since he was paid with stolen money

    • @lashlarue7924
      @lashlarue7924 Год назад

      What?!? You mean that all the other Magic Beans are also Ponzi schemes??

  • @Robroscob
    @Robroscob Год назад +1

    dude needs to be in jail aswell...lost millions gained millions...you seriously feeling sorry for Kevin?

  • @JayJames
    @JayJames Год назад +1

    "It's a very simple question, where's the money?" asked every FTX retail investor
    SBF 😳

  • @jobnieloliva5358
    @jobnieloliva5358 Год назад +105

    He got paid 15M by sbf and lost 10M. He’s still up 5M

    • @dathes
      @dathes Год назад +5

      Money from illegal activities paid out to others will be clawed back as part of the bankruptcy process

    • @Jay-xr3sb
      @Jay-xr3sb Год назад +4

      He owes the 15mil back. His fault he gambled 10m

    • @jeffbell9391
      @jeffbell9391 Год назад +2

      No he lost all 15 million

    • @nosuchthing8
      @nosuchthing8 Год назад

      @@dathes we can HOPE. It might take years or decades.

    • @thomasscott1570
      @thomasscott1570 Год назад +1

      @@dathes yeh but Kevin is too stupid and blinded by greed,he doesn't acknowledge he may be in trouble not to mention he hasn't publicly apologized to his followers.

  • @jeffpotter2934
    @jeffpotter2934 Год назад +67

    Kevin made $15m as FTX spokesperson. He invested $10m into FTX and kept $5m for little work.

    • @lliza444
      @lliza444 Год назад

      Taxes do research before speaking everything you hear

    • @jeffpotter2934
      @jeffpotter2934 Год назад +5

      @@lliza444 so what? Taxes are obvious. He still made $5m for little work. Now he is crying like a baby.

    • @lliza444
      @lliza444 Год назад

      @@jeffpotter2934 if he made 15mill then taxes are 30-40 percent as income in most states … so discount that. So it’s not really 5 million invested.

    • @ahhchoo8488
      @ahhchoo8488 Год назад

      He likely invested $10mil from a business account. So that's also 30% savings for tax credit loss.

    • @rjsrox07
      @rjsrox07 Год назад +2

      If he invested $10-15M in FTT and lost it. Thats a loss. You don't pay taxes on money you lose.

  • @johnpark3142
    @johnpark3142 Год назад +2

    This is literally the end of O’Liar and there is no coming back from this

  • @TeHeOriginal
    @TeHeOriginal Год назад

    But you aren't allowed to use client money to buy shares from binance?

  • @issy63ls
    @issy63ls Год назад +208

    Ive lost alot of respect for Kevin for still trying to defend SBF

    • @SuperPerfectMan
      @SuperPerfectMan Год назад +1

      Yeah you know he is being paid because otherwise why throw your credibility down the tubes …

    • @F0rtysxity
      @F0rtysxity Год назад +3

      I lost all respect.

    • @gringadoor5385
      @gringadoor5385 Год назад +4

      Should never have had any respect

    • @dominiquec8244
      @dominiquec8244 Год назад +1

      He had money there.....but end of day binance wasnt spending the peoples money

    • @issy63ls
      @issy63ls Год назад +1

      @@dominiquec8244 plus also the money he got must be from customer deposits!!🤬🤬

  • @Jesper83
    @Jesper83 Год назад +49

    Binance didn't send FTX customer funds to Alameda.

    • @rickybobby7276
      @rickybobby7276 Год назад

      You're right Binance only launders money which is why SBF bought him out and he was able to crash FTX in the first place. Thanks for the reminder.

    • @daynajoe
      @daynajoe Год назад

      💯💯💯💯💯💯💯💯💯✨

  • @Robroscob
    @Robroscob Год назад +2

    this dude digging his own grave every day now

  • @tchen61
    @tchen61 Год назад +128

    FTX is a house of cards, and Binance CZ just tipped it over... to blame it all on Binance is ignoring elephant in the room

    • @rickybobby7276
      @rickybobby7276 Год назад

      Binance is a bigger terd. CZ is just as bad as SBF or O'Leary. I mean heck CZ is as bad as Jerome Powell playing with peoples lives like toys. Besides CZ is run by the chinese communist party. China banned bitcoin so nobody could compete with Binance and have an old fashion government formed monopoly. If you think Binance, CZ and the Chinese communist party playing money wars is a hero you are surely mistaken.

  • @JD-gv4uz
    @JD-gv4uz Год назад +26

    Kevins ego is going to get Kevin into JAIL

    • @id10t98
      @id10t98 Год назад

      he killed someone with his boat and walked. rich people dont go to jail unless they steal from the rich.

    • @giacomu1
      @giacomu1 Год назад

      Kevin was hired for this inside job, he is just a player and a "spokesperson" laughing loud :))) .They put SBF in CZ mouth from the day one. The big picture here is how to take down CZ and his Binance exchange. SBF it's just a piece of meat who is gonna ignite the fire. Don't you follow the narrative ? CZ put FTX out of business? How? The simple question is how? if i say that you have only 100$ in your bank account and i know that you need 1000$ by the end of the month to pay your bills. Pay the bills and prove me wrong. That's it. FTX should've said the same think about Binance, i guess it's too late for that now.

  • @michaelscott9040
    @michaelscott9040 Год назад

    The "I'm guilty " sign in his bald head couldn't be any bigger 🤣🤣🤣

  • @nortonfrickey1708
    @nortonfrickey1708 Год назад +2

    Kevin is doing his best to cover for his buddy just like the New York Times.

  • @totalbodyregeneration
    @totalbodyregeneration Год назад +289

    I am very disappointed to see Kevin O leary try to blame CZ for FTX's blatant misuse of customers funds. This is beyond scummy and did not expect this from Kevin who got paid millions by FTX.

    • @bobbythomas6520
      @bobbythomas6520 Год назад

      And lost millions to ftx. Most likely paid most of it in FTT which is now at what, a dollar?

    • @adfreeviewer9005
      @adfreeviewer9005 Год назад +11

      100% agree. SBF and Kevin can play monopoly in jail together.

    • @GizmoMaltese
      @GizmoMaltese Год назад +3

      But misuse of funds didn’t bring down FTX. Alameda was collapsing and once that happened all investors would have been screwed. Only those with cash balance would have been spared. Why would anyone have cash sitting in FTX accounts for very long?

    • @kingofnara
      @kingofnara Год назад +4

      @@bobbythomas6520 He probably gave him cash, Sam paid lots of people cash, the politicians definetly werent paid in crypto

    • @DashDa5h
      @DashDa5h Год назад +1

      @@bobbythomas6520 kevin is an expert in finance I doubt he would ask for crypto he would want hard cash. Only an amateur would do that.

  • @sandyx7381
    @sandyx7381 Год назад +189

    Incredible. Shows you money can definitely buy someone's integrity

    • @bobo0202
      @bobo0202 Год назад

      Kevin O'Leary never had any integrity. Everyone knows it now

    • @temimegraham1904
      @temimegraham1904 Год назад +1

      If I give you $15 millions you will be doing the same… Please stop!

    • @jacktran7024
      @jacktran7024 Год назад

      @@temimegraham1904 15? sheeesshh 12 bro.

    • @DrTarentaal
      @DrTarentaal Год назад

      Absolutely... very disappointed in Kevin 😑

    • @Jordan-Ramses
      @Jordan-Ramses Год назад +4

      He never had any integrity.

  • @shafiaahmad4061
    @shafiaahmad4061 Год назад

    Kevin: Pretty simple situation. Let me explain it to you...
    Kevin: let me look at my notes 📝

  • @paulgarcia621
    @paulgarcia621 Год назад +1

    O’Leary needs to speak to Mark Cuban who is a real investor and didn’t believe in FTX. O’Leary is now trying to cover his ass.

  • @shapursasan9019
    @shapursasan9019 Год назад +135

    If there was an annual award for the greatest liar on the face of the earth... Kevin O’Liar would win it every year!

  • @mbarnettuk
    @mbarnettuk Год назад +1

    Yeah Kevin, I'm sure John Ray appreciates your advice on how to investigate this 😂😂

  • @danielmcpartlin6526
    @danielmcpartlin6526 Год назад +1

    The millions he lost was given by FTX to be a spokesman. Dishonest to say that he lost his personal money.

  • @TheRumblewagon
    @TheRumblewagon Год назад +126

    Wow, Kevin can't answer a simple question himself. He can't answer why he's trying to blame Binance....when Binance simply exposed the massive $8 billion dollar hole in FTX.

    • @andrewstorm8240
      @andrewstorm8240 Год назад +1

      Yes and what exactly is his angle

    • @louiedangelo3843
      @louiedangelo3843 Год назад +6

      He wants to blame binance so he wont end up in jail with SBF.

  • @scottyflintstone
    @scottyflintstone Год назад +44

    He was reckless and got taken. Trying to blame it on the competition is just a fumbling attempt to deflect his own personal failure. Greed hurts Mr. O'Leary, learn from this

  • @highdesertbiker
    @highdesertbiker Год назад +2

    Kevin is just as guilty as SBF

  • @donnyrai2706
    @donnyrai2706 Год назад

    Binance forgot to pay 15Mil to Old Sly Fox O"Leary.😂🤣😂🤣

  • @PeacockRhino
    @PeacockRhino Год назад +177

    CZ has his own agenda but he did the world a favour in bringing down this house of cards.

    • @jingles2726
      @jingles2726 Год назад

      I'm going to take a nap. When I get up I want to date you. I love you. ❤ plz comment back with
      address. I can rule play and be not gender you want me to be. See you soon!

    • @jingles2726
      @jingles2726 Год назад +1

      Ps. I don't watch shark tank if that helps you.

    • @id10t98
      @id10t98 Год назад +16

      The funny thing is Binance is next to go🤣

    • @rickybobby7276
      @rickybobby7276 Год назад

      If I stage a bank run at my local bank and it falls I'm a hero? Furthermore you realize an all out run on any bank will end it right? You think he did the world a favor, but crypto prices fell and general faith was lost. CZ has one less enemy though so stupid you don't realize he hurt little guys more than he hurt himself so relatively he is up and everyone is collateral damage. You look up to a piece of trash like that?

    • @rickybobby7276
      @rickybobby7276 Год назад +6

      ​@@id10t98 That will be a beautiful sight. CZ will be in cuffs soon as well. CZ is worse than SBF, because he does money laundering on top of not backing his exchange with assets which is the reason SBF bought him out of FTX. At least SBF had morals even though he had terrible accounting and risk controls.

  • @Rob_G716
    @Rob_G716 Год назад +2

    CNBC - report the truth but you wont because you’re all friends - Kevin O’Leary didn’t lose millions. FTX gave this guy 15mm to pump it! Kevin invested 10mm in FTX from the money they gave him, he kept 5mm for taxes. He was using the house money the entire time
    I lost all respect for Kevin O’Leary

  • @cmac392
    @cmac392 Год назад +15

    Kevin O'Leary is embarrassing himself

  • @757millionaire
    @757millionaire Год назад +1

    @2:30 just where's the money? 😂

  • @vincentchanbiz
    @vincentchanbiz Год назад

    Ok SBF has to buyout binance share, but using customer funds, at HIGH valuation?

  • @markuswunsch
    @markuswunsch Год назад +23

    Sure CZ instructed SBF to commit fraud, misappropriate customer funds and disregard proper risk management practices.
    SBF put FTX out of business.
    If Kevin O'Leary goes on like this, it's just a matter of time till he'll lose it all... I mean as a startup founder I thought he's a cool investor and mentor but now I wouldn't want him on my board not because he made a wrong investment but because he's not willing to learn from this case and making up weird excuses.

  • @TheHmongcgi
    @TheHmongcgi Год назад +30

    Scammers got trash, Kevin and Sam is a team.

  • @bernardo.daSilva
    @bernardo.daSilva Год назад

    Where the money went? That's 2 billion out of 8 billion. Where the remaining 6 billion go?

  • @757millionaire
    @757millionaire Год назад +1

    @8:49 Sam, just where'd the cash go??

  • @SiLoMixMaster
    @SiLoMixMaster Год назад +100

    I reckon Shark Tank will be thinking hard about firing Kevin after this debacle, should replace him with CZ from Binance 😅

  • @sobti89
    @sobti89 Год назад +2

    Kevin is a monster and hopefully after him no one takes his advice and who knows how many innocent people lost everything. Shame on you Kevin

  • @krishnamohammed6951
    @krishnamohammed6951 Год назад +71

    This dude didn't do squat for DD. He didn't read a single financial statement. He got a sweetheart deal from SBF and sold himself out for it. Now he's all pretend angry but not at SBF.

    • @joebudi5136
      @joebudi5136 Год назад

      Every comment agrees. No one believes his lying ass. No one.

    • @suraceryan
      @suraceryan Год назад +1

      Yep

  • @Gadekko
    @Gadekko Год назад

    So he invested in FTX without ever seeing the cap table 💀

  • @bobbylazar
    @bobbylazar Год назад +1

    SBF gave him 15 million of user funds from FTX and now he’s a victim?

  • @Darr1071
    @Darr1071 Год назад +15

    He’s so delusional! He can’t accept the fact he got humiliated

    • @ericadenison1019
      @ericadenison1019 Год назад +1

      I think that is it, SBF is fast talker a con artist, he is likable with a bubbly personality but he is a narcissist.

  • @TECHN0
    @TECHN0 Год назад +119

    O’Leary a bagholder for life

  • @FarazOloumi
    @FarazOloumi Год назад +1

    He lost his spokes person's money, not his actual investment!

  • @JasonDebly
    @JasonDebly Год назад

    So, O'Leary is basically saying that Binance is at fault for the collapse of FTX. He never lays any responsibility at the feet of SBF for the missing customer accounts. He blames Binance for wanting so much money for SBF to buy them out, which is ridiculous.
    This says a lot about O'Leary's character.

  • @JD-gv4uz
    @JD-gv4uz Год назад +111

    There should be hearings on KEVINS action

    • @pencils812
      @pencils812 Год назад +1

      He is horrible.

    • @minaryeon9259
      @minaryeon9259 Год назад +1

      Exactly whatever he did behind the scene is probably not clean either.

    • @pencils812
      @pencils812 Год назад

      OMG... I JUST SAW THAT O'LEARY SAID TO THE SENATE TODAY THAT HE NOT ONLY GOT 15 MILLION IN PAYMENT BUT AN ADDITIONAL 3 MILLION TO COVER THE TAXES!!!! I hope the IRS looks into him!

    • @giacomu1
      @giacomu1 Год назад

      Kevin was hired for this inside job, he is just a player and a "spokesperson" laughing loud :))) .They put SBF in CZ mouth from the day one. The big picture here is how to take down CZ and his Binance exchange. SBF it's just a piece of meat who is gonna ignite the fire. Don't you follow the narrative ? CZ put FTX out of business? How? The simple question is how? if i say that you have only 100$ in your bank account and i know that you need 1000$ by the end of the month to pay your bills. Pay the bills and prove me wrong. That's it. FTX should've said the same think about Binance, i guess it's too late for that now.

  • @metaboss2021
    @metaboss2021 Год назад +22

    All Kevin lost was everyone else's blood money.

  • @senorgroom5157
    @senorgroom5157 Год назад +1

    If FTX wasn't running a pyramid scheme and ran a legit business, it wouldn't matter if Binance was at war or not. So that is not the real reason, Kevin O'Leary. You're acting so 'I have my own opinion' but in this case you're failing hard

  • @cuzzigcuzi9901
    @cuzzigcuzi9901 Год назад +1

    I love who they have representing Binance when Cz isn’t around.

  • @JLone55
    @JLone55 Год назад +122

    If you’re guilty, the best thing to do is blame someone else... It’s Binances fault that I and others have bad investment advice and that I did no due diligence.

    • @shirleyy2711
      @shirleyy2711 Год назад

      Scapegoating, oldest trick in the book by placing the blame on someone else.

  • @bearpellet82
    @bearpellet82 Год назад +14

    Kevin's worst decision of his career was siding with FTX.

  • @footbalistika
    @footbalistika Год назад +1

    when will Velma from scooby doo - ALAMEDA will be arrested?

  • @kylebroussard5952
    @kylebroussard5952 Год назад

    Are we sure this is the same guy who would literally sit on Shark Tank and make every dreamer/entrepreneur with a lemonade stand cry telling them *"what's to stop me from buying all your supply and putting you out of business?!"*
    Unreal

  • @mfoco1
    @mfoco1 Год назад +27

    This just doesn't add up. Perhaps I'm missing something that O'Leary isn't saying here, but if FTX had to buy stock for 2-3 Billion, that should be blatantly obvious as an asset on FTX's balance sheet, it doesn't just disappear. Plus. what competent CEO would ever say "maybe" when it comes to any outlay in the billions, for any purpose whatsoever?

    • @kevinjohn5412
      @kevinjohn5412 Год назад +5

      Thank you!!! I can’t believe the anchor didn’t even follow-up on that.

    • @thomasscott1570
      @thomasscott1570 Год назад

      yep and kevin says he and all his cronies trusted and still trust this dude?thats quite a few STUPID financial experts

    • @GenghisKhan311
      @GenghisKhan311 Год назад +1

      And should have pumped the price

    • @jdub7552
      @jdub7552 Год назад

      Considering SBF couldn't tuck in his shirt...this was a bunch of nerds playing a video game and the word Fiduciary never came up once. 140 IQ may be impressive, but most of these types run out of gas twice a week...no common sense.

  • @rm5816
    @rm5816 Год назад +40

    Is this man for real?
    I am genuinely blown away by O’Leary

  • @jg9013
    @jg9013 Год назад

    The way NBC keeps going to Kevin O, you’d think NBC owes Kevin 15 million

  • @jerrycrumety1571
    @jerrycrumety1571 Год назад

    So basically what he is saying is everyone with no financial experiences knows more than him, people were saying something was wrong with Sam and Co. Literally 2 years ago.

  • @christianburris3474
    @christianburris3474 Год назад +16

    This guy will go down. Kevin needs to go down for this

  • @baycchief3785
    @baycchief3785 Год назад +23

    O’Leary was one of the top promoters of FTX he should be fined by the SEC or be sued by the class action lawsuit.