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Jose Diaz-Balart Reports

crypto currecy trading. right now the senate agriculture committee is holding a meeting on the collapse of the crypto currency exchange firm. this hearing comes a day after the company's founder and former ceo talked to "the new york times" about what went wrong. >> i made a lot of mistakes. there are things would give anything to do over again. i didn't ever try to commit fraud on anyone. i was shocked by what happened this month. and reconstructing it, were there things i wish i had done differently. >> we have hr from capitol hill. how did we end up at this point? >> so that is what everybody is trying to figure out right now. as you can see, that committee hearing is going on right behind me. but essentially it boils down to this. ftx is one of the largest crypto

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Sky News on MSNBC-20220326-09:52:00

been scammed by some nasty foolster who had a license from the u.k. authorities. >> when premiere fx, a currency exchange firm went bust, 10 million pounds of its customers' money was missing. their crash cost them retirement homes, life savings and pension pots. and some of the dealings with ex pats in portugal and spain, premiere fx had been operating illegally. initially there was little or no help from the various agencies they appealed to. >> i spoke to her majesty's treasury at the beginning and said no one is interested in fraud in the u.k., and the u.k. government will only get involved if it is a big international scam and a certain amount of kudos in working together with our international partners to actually bring down some big crooks and he said, you know, it's good for us and it's good for the city of london. >> but the 167 victims

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