MSNBC Katy Tur Reports June 4, 2024 19:21:00
For venture investments and for loans to himself and other ftx executives. all the while he continued to make misleading statements about the financial condition and risk management. even in november 2022 faced with billions of dollars in customer withdrawal requests that ftx could not fulfill, he mislead investors from whom he sought still more money to plug the multibillion dollar holes he created. his brazen scheme finally came to an end when ftx, alameda, and their tangled web filed for bankruptcy in november. that collapse has had far reaching consequences for customers, investors and cou...