FTX - Sam Bankman-Fried: The Biggest Crypto Scam in the History of U.S.

The rise and fall of FTX, a cryptocurrency created by Sam Bankman Fried (SBF), dramatically disrupted the fledgling industry and cost consumers billions. Bankman created the biggest Fraud in the history of the US. He created a Ponzi Scheme that involved celebrities' like Tom Brady, Gisel Bundchen, David Ortiz, Shaquille O'neal, Gwyneth Paltrow, Madonna and others were involved and are all facing lawsuits.

The CEO was arrested for fraud by the US government after an investigation into his dealings with cryptocurrency. He set it up classically, with protection by donating money to the Democratic party and other influential politicians and using endorsements from famous celebrities. This video explains to people why you shouldn't invest in cryptocurrency and how they can save your money by investing in real estate — because it is tangible assets.

Like all scams, this started with a quick gain for minimal effort with and large rewards. FTX has cost investors all across the world billions of dollars, and continues to wreak havoc to the Crypto market. There are other Crypto Currency's collapsing and people like Logan Paul and Jake Paul who are also staking their reputations on pump and dump crypto currency's.

He was arrested in the Bahamas, his US hideout.

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