Jamie Loftus
👤 SpeakerAppearances Over Time
Podcast Appearances
They were taking in money, promising unreasonable returns, using other investor money to gamble on stuff to try to provide.
Anyway, and it worked well.
Yeah, it is.
It is very likely.
What differentiates this is the scale, because this is very likely a financial crime on the level of what Bernie Madoff did.
We are talking in the 10 to 20 billion dollars stolen.
Holy cow.
A lot of money.
This is a serious financial crime.
So I'm listening.
So for the other kind of mass crime,
like touchstone of this is that it has led to a class action lawsuit against Larry David, Shaquille O'Neal, Tom Brady, and a number of celebrities who were all in a, a Superbowl ad for FTX.
Yeah.
So the, the, the lawsuit is basically advertised.
This was a high dollar Ponzi scheme.
And you guys were using your name recognition to sell unregistered securities, which they were, uh,
Which they were.
Which they definitely were.
I told Sophie that.
It was a-