professional, investors they re not victims. yeah, it s an interesting point, a lot of times when it is a federal prosecutor. the victims of fraud were often banks and insurance companies, and other sophisticated actors, that doesn t mean that they don t fiduciary responsibilities, doesn t mean they re not gonna be the target of lawsuits, but at the end of the day in this country, no one deserves to be defrauded, and that includes investment banks and others, who should be doing a lot of due diligence, and make sure they re making the proper investments. bankman-fried s mother and four father are law professors from stanford. i keep seeing their names come up in a multitude of articles. there were reported to have some real estate from ftx paid for, and were somebody involved in the company. i think to see where some of these other crimes in, for what they go through his parents, certainly the probably pretty disappointed right now in their son go to trail. law professors with
biggest backers, who clearly did not do their homework, are some of the biggest names on wall street, who manage our pension funds, our retirement funds, for lots of us, and many lawmakers who are even considered responsible for setting the rules for these businesses. instead, what do they do? got millions of dollars to political donations from this very guy. who s in jail tonight. it also matters, because this is completely insane. i want to bring in a features writer for new york magazine, and former federal prosecutor bernardo mariotti. this is obviously gonna make an unbelievable mini series, but tell us about the main character. you covered the sky, you interviewed him, talked him just before thanksgiving. who is sam bankman-fried? besides a guy who is considered as bengali, and i was wearing shorts in prison. yeah, sam bankman-fried was sort of the epitome of a good guy crypto. this is an industry that many saves for, scammers and to some extent, is here s a guy want to
i think this is gonna spawn a lot of litigation. i think you re gonna see the same thing here. there s a lot of victims here, i think as you re suggesting, it s almost like second order victims. they had such sophisticated investors, not just him ftx, we ve administrating from his. well i definitely think that s gonna be hold on a minute. why would you call the victim and not a coconspirator? i wouldn t call dana lobe, i wouldn t call sequoia, a victim of somebody else s fraud. tiger global. these guys get to the 20, and professional, investors they re not victims. yeah, it s an interesting point, a lot of times when it is a federal prosecutor. the victims of fraud were often
considered responsible for setting the rules for these businesses. instead, what do they do? got millions of dollars to political donations from this very guy. who s in jail tonight. it also matters, because this is completely insane. i want to bring in a features writer for new york magazine, and former federal prosecutor bernardo mariotti. this is obviously gonna make an unbelievable mini series, but tell us about the main character. you covered the sky, you interviewed him, talked him just before thanksgiving. who is sam bankman-fried? besides a guy who is considered as bengali, and i was wearing shorts in prison. yeah, sam bankman-fried was sort of the epitome of a good guy crypto. this is an industry that many saves for, scammers and to some extent, is here s a guy want to make it more ethical, shiny, or he built a better exchange, supposedly, they re supposed to take crypto trading and making a battle for wall street. that appealed also to d. c.,