FTX - SBF Paid Kevin O'Leary $18 Million to Promote FTX. Humiliating Loss of Credibility on Crypto

[TexasTowelie]

During his time as CEO of FTX Sam Bankman-Fried pay a variety of Celebrities to Endorse the brand including Tom Brady, Gisele Bundchen, Stephen Curry & Larry David. However it has now been revealed that SBF paid KEVIN O'LEARY $18 Million to promote FTX as a business and a credible business investment opportunity. FTX was the second largest CRYPTO Currency Exchange and is now in Chapter 11 BANKRUPTCY with over 1 Million Creditors. John Ray, the Bankruptcy practitioner for Enron, has been appointed as CEO and his initial findings are that this is WORSE than Enron which was the biggest accounting fraud in USA history. In this video I analyze and discuss Kevin O'Leary's total U turn on Crypto, his reasons for working with SBF, the Due Diligence that he undertook and his current views on both SBF and Crypto.

Chapters:
0:00 Intro
3:02 KEVIN O'LEARY
5:07 CRYPTO IS GARBAGE
6:17 FTX PAYMENTS
8:05 WHY FTX?
9:31 HOTTEST HANDS
11:37 DUE DILIGENCE
15:23 SBF
17:32 SERIAL ENTREPRENEUR
19:33 CRYPTO
21:42 SUMMARY & CONCLUSION

[nycbos]

1. Why do people take financial advice from celebrities?

I mean Steph Curry, Larry David, and Tom Brady aren't exactly financial expects.

[moniss]

3. I don't know

but I think LD is prett..ay, prett..ay,prett..ay likely to have something about this in a future episode of CYE.

[groundloop]

2. I'd take a little bit of public humiliation for $18 Million