Posted on 12/08/2022 5:24:45 PM PST by nickcarraway
In an interview with CNBC on Thursday, O’Leary said he put about $9.7 million of his spokesman check into crypto tokens with his FTX account, which has dropped to zero after the exchange collapsed last month.
SNIP
O’Leary said he told the disgraced crypto tycoon, “Look Sam, I am just one investor, but my account has a zero in it, and there are no accounting records. Where did the money go? I need to find where the money went.”
O’Leary admitted that he fell into the “groupthink” pitfall, drinking the Kool-Aid on institutional investors’ frenzy to get in on crypto exchanges. “We all look like idiots. We relied on each other’s due diligence,” he said.
(Excerpt) Read more at nypost.com ...
Gee Kevin, and you’re always telling us how smart and wonderful you are.
I am shocked that someone FINALLY stepped up and complained.
Where are OTHERS???
Is he complaining?
“We relied on each other’s due diligence,” he said.”
Diligence was due. But nobody did it.
How can he refer to “due diligence” when, in this instance, groupthink killed that notion?
Well at least he is asking where his money went.
I was beginning to think there were no victims.
O’Leary looks bad here, as well he should.
But I’m actually more shocked seeing ‘Shark Tank” star Robert Herjavec doing ‘Car Shield’ commercials. Car Shield is scammy outfit that specifically targets (and takes advantage of) poor folks.
Herjavec has got to know that.
Undue dilligence?
I’m sure the extent of O’Leary’s due diligence was watching Tom Brady ask “You In?”
Sucker.
Isn’t O’Leary the one who often chastises others for being stupid?
He didn’t realize for Tom Brady losing a lot of money is a positive. It gives him an excuse to keep playing football, which is all he really cares about.
A clown and his money are soon parted. Actually, this bald head stooge is worth 400 million, says the internet. So he’ll survive FTX.
It sounds like he only lost the money he gave them. To be a spokesperson I get? What he lost is his reputation as a canny businessman.
O’Leary said he told the disgraced crypto tycoon, “Look Sam, I am just one investor, but my account has a zero in it, and there are no accounting records. Where did the money go? I need to find where the money went.”
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FTX bankruptcy judge heard testimony that the company
was being “run as a personal fiefdom of Sam Bankman-Fried.”
<><>a “substantial amount” of FTX Group’s assets “have either been stolen or are missing.”
<><>unclear whether the “substantial amounts” were stolen or mishandled
<><>includes several billion in combined loans that GF-run Alameda Research reportedly made to SBF, two of his deputies, and a company majority-owned by him; or are separate from them.
<><>SBF also raised $420 million from investors on behalf of FTX —
<><>only he paid himself $300 million of that amount, claiming it as a personal reimbursement for re-purchasing the 15% stake in the exchange held by rival company Binance.
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The court has been told FTX has 36 banks and more than 200 bank accounts.....
....all that laundry........hmmmmmmm.
He would have been better off investing in green energy and solar panels during the Obama years. Oh, wait...
(....here's $15M to say nice things about MY crypto)
"But this token is different!"
(lol, money people...it's why the world has turned into sh*t)
> Isn’t O’Leary the one who often chastises others for being stupid? <
Yes. He fashions himself to be the smartest and sharpest business mind, ever. And as a side note, he’s also the guy who was involved in a crash that killed two boaters. Wow, was that quickly hushed up. It probably cost O’Leary millions.
https://www.cbc.ca/news/canada/toronto/kevin-oleary-boating-1.5264805
Sounds like his title should be Mr. Doofus.
Bwwwaaaahahahaha.....go buy some tulips.
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