The Fake Genius: a $30 BILLION Fraud.

Sam Bankman-Fried (SBF) was supposed to be a billionaire genius running the world's largest Crypto exchange: FTX. In only a few weeks, his $32B empire crumbled, leading to his arrest. In this video, we unravel one of the decade's most significant cases of financial fraud.

[Credits]
Director: James Jani.
Creative Producer: Ayaz Ali.
Motion Graphics: Santiago Garcia Ferreyra, Merce Garcia Ferreyra, Nick M, Michael Tantoro, Daniela Varon.
Research: Danny Hatcher, James Jani.

******

💻Where I began Learning How to Edit + Other Clases (Skillshare)

📦 Download my Video Editing Templates:

📹 My Equipment:

🎶 Where I Get My Music:

Stock footage & SFX:

🔧 Helpful tool for YouTubers (TubeBuddy):

💼 Job Opportunities:

***
Let's Connect:

******
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.

AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂

Darth_Meowth
Jack_Spatchcock_MLKS

[JamesJani]

🚨 UPDATE: SAM BANKMAN-FRIED FOUND GUILTY OF ALL COUNTS OF FRAUD AND CONSPIRACY, after a month-long trial. Sentencing will be in March 2024.


► Follow Me for Behind the Scenes, Updates, and Teasers:

📦 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗠𝘆 𝗩𝗶𝗱𝗲𝗼 𝗘𝗱𝗶𝘁𝗶𝗻𝗴 𝗧𝗲𝗺𝗽𝗹𝗮𝘁𝗲𝘀:

[rainman]

At which point do we call out Forbes? They've been promoting scammers for decades while still being taken seriously

[MoyaiRo]

SBF was never an underdog, he was born to academic elites from Stanford, had a brother with enough clout to become director of an org that Sam defrauded, was enrolled in Mathematics Olympics programs and graduated from MIT. He had all the chips in the right place to become a narcissistic fraudster.

[Reyskee]

UPDATE: On March 28, 2024, he was sentenced to 25 years in prison and ordered to forfeit $11 billion.

[khm]

I love how people love to talk about how "do not judge based on appearance" and all but the moment they see Sam's car, outfit and how he basically treated his job like a vacation, all of them just fall all over him. Like the quote goes both way, don't think someone is bad OR good based on their looks.

[superminnu]

My Uncle jumped in front of a train and committed Suicide as he lost his entire wealth with FTX. It was a devastating moment inside our family. He worked 3 jobs, saved up all the money, and invested in FTX.

[FIDEL_CASHFLOW_]

And this, ladies and gentlemen, is why you don't sink your lifesavings into an unproven unregulated financial system endorsed by celebrities.

[siilver]

The fact that I know NOTHING about Finance... NOTHING about crypto currency...
And the fact that I sat through the entire thing... And that too for A HOUR long video shows THE QUALITY of the video and the information presented.
BIG CHEERS TO THE ENTIRE TEAM 🔥

[heronvega]

UPDATE: SAM BANKMAN sentenced to 25YEARS IN MARCH 28, 2024!

[bigspiderseverywhere]

I love how people think that looking kinda shaggy and wearing plain comfortable clothes is unique among smart/wealthy people and somehow makes that person more trustworthy than the average rich person.

[Space-prfr]

Cannot believe we get these high quality Netflix worthy documentaries completely for free. Ur the best james

[erixthr]

Imagine you are looking to invest $1 billion dollars and the CEO of the company you visit starts playing video games during the visit… and this is somehow a green light? Never underestimate the stupidity of people when they think they can get rich quick 👍

[xfps]

Giving Gary Wang - the person who supposedly (single-handedly) built the entire infrastructure of FTX - 10% of ownership, whilst keeping 90% to himself was such a red flag 🚩.

[hostiletoxictomdowneyburne]

"more powerful than a balance sheet, is a story" As an accountant, that pains me to the core. The amount of ppl that will blindly believe in someone/something with so little pushback or financial evidence is troubling.

[Imelfauvr]

I’m interested in the fact that almost no one had any questions about him, this suggests that society can praise anyone in isolation from his real qualities

[LateBrake]

the whole "look, he drives a corolla and wears regular clothes" thing is you think thats gonna make me relate to the mega-elite? lol!!!

[Vane-Martine]

You're actually the push for me to get my degree in Information technology In order to protect people from heartless people like this.
Thank you for all you do *VAULT GUARD EXPERT*, you are a genius with a big heart and principles. Support and respect from britain.

[nikkilengyel]

If the establishment and celebrities are promoting something, if it's hyped up and it's everywhere, it's not because they care about you. Stay away. Applies to everything and always turns out to be the correct choice, without fail.
Truly tragic that so many people got swindled!

[MrWokyman]

FTX is the prime example of what a giant house of cards the whole world of crypto is. People are just so desperate to believe that money can be made out of thin air, they'll deny reality right in front of their faces.

[morelikegayattorney]

I'm always baffled by how easy it is to make money by just lying to people