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Bankruptcy process in total ftx owes customers $8.7 billion. of that 7 billion has been record and while new management hopes to trace more there is little confidence of finding every dollar. we re not going to be able to recover all the losses here. money was spent that we ll never get back. forensic accounting experts say customers will be waiting a while for what money they do see. some bernie madoff victims are still in limbo. entrepreneur kevin o leary, ftx investor and customer himself share there are millions who lost money like him. our corporate accounts were swept. we watched the assets just leave. when i lose this much money, i cry like a baby because i have to make it in the first place. it really hit me. some missing funds allegedly went to political campaigns like to house minority leader hakeem jeffries on or about through the senate majority fund. court filings accuse sbf ....
And yet, you walked away with a slap on the wrist and millions of dollars. so then you cashed out and went into education, this time defrauding thousands of students hoping to learn from your fake real estate university. and while you were finally forced to close trump university, you never faced any real legal peril and paid a fine and walked away, this time into the white house, where you abused executive privilege and taxpayer money fighting to hide your personal and corporate financial records for four years. for four years at that. it wasn t until you were forced out of office that those records were handed over to new york investigators, and those investigators didn t waste any time. they brought in forensic accounting experts to comb ....
Real legal peril and just paid a fine and walked away, this time into the white house, where you abused executive privilege and taxpayer money fighting to hide your personal and corporate financial records for four years at that. it wasn t until you were forced out of office that those records were handed over to new york investigators, and those investigators didn t waste any time. they brought in forensic accounting experts to sift through the trump organization, combing through for fiscal wrongdoing. while the district attorney s office has plenty of legal expertise, they aren t leaving anything to chance, bringing in a former federal prosecutor with experience in white collar and organized crime. given your long history of financial malfeasance, it s no surprise that the new york investigators have found enough evidence to convene a special grand jury. ....
Fraud and bank fraud and perhaps they re looking at compensation schemes for executives of the trump organization, but something that s important to remember is that cy vance has used it effectively in the past. in february after a hard-fought battle he finally got access to trump organization s taxes and to the underlying documentation for those tax returns. he s now had several months to scrutinize those materials. he s brought in some forensic accounting experts and so convening a special grand jury that can focus three days a week on matters relating to the trump organization and perhaps individual defendants would signify he s hit pay dirt here. you don t bring a special grand jury and not for nothing to waste everyone s time. this is now a more focused investigation, but we don t yet know what its goal is. so renata, how tough is it to prove tax fraud here? ....