Jamie Loftus

Sam, it was never the intention.

Sometimes life creeps up on you.

Yes, life comes at you fast.

So Sam's net worth tops out at around $22 billion on paper.

In reality, neither Alameda nor FTX had ever taken in even close to that much money.

The valuation was based entirely on nonsense calculations that were themselves based on lies from FTX's extremely cooked books.

There's a lot more about this than we're getting into.

People are still finding this all out.

There is one thing I should probably read, which is, so, you know,

when his company collapsed, he had to step down from running it.

Right.

And because a lot of money is still in there and a lot of like investments are still tight up in that they, they, they put a guy in charge of the company again.

Right.

And there's like, there's specific dudes in the business world whose like job is to come in when a company fucks up like this and like try and get as much money back out for the shareholders as possible to minimize the bleeding.

Yeah, yeah, yeah.

And this is, this fixer guy specifically, he is the guy that they brought in when Enron, he took over Enron after it fell apart in order to try and like minimize the damage from it.

So he is the guy who got brought in to deal with like the fact that this massive fucking crime happened with Enron.

One sec.

Oh, God.

First off, you know, this company has about a million creditors.