{"id":1750922,"date":"2022-11-25T06:09:06","date_gmt":"2022-11-25T11:09:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1750922"},"modified":"2022-11-25T07:03:31","modified_gmt":"2022-11-25T12:03:31","slug":"ftx-founder-sam-bankman-fried-who-should-be-in-prison-to-speak-at-new-york-times-event","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ftx-founder-sam-bankman-fried-who-should-be-in-prison-to-speak-at-new-york-times-event\/","title":{"rendered":"FTX Founder Sam Bankman-Fried, Who Should Be in Prison, to Speak at New York Times Event"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fftx-founder-sam-bankman-fried-who-should-be-in-prison-to-speak-at-new-york-times-event%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1750922&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"https:\/\/www.theepochtimes.com\/t-ftx\">FTX<\/a> founder <a href=\"https:\/\/www.theepochtimes.com\/t-sam-bankman-fried\">Sam Bankman-Fried<\/a> noted on Twitter on Nov. 23 that he would speak at an upcoming New York Times summit.<\/p>\n<p>\u201cI\u2019ll be speaking with @andrewrsorkin at the @dealbook summit next Wednesday (11\/30),\u201d Bankman-Fried <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1595512579417378837?s=20&#038;t=soTdfy_dG3ZSqXEiMEIWEQ\">posted on Twitter<\/a>.<\/p>\n<p>Andrew Ross Sorkin, the founder and editor-at-large of DealBook at The New York Times, also <a href=\"https:\/\/twitter.com\/andrewrsorkin\/status\/1595517635441090565?s=20&#038;t=soTdfy_dG3ZSqXEiMEIWEQ\">confirmed<\/a> that he would be interviewing Bankman-Fried.<\/p>\n<p>\u201cThere are a lot of important questions to be asked and answered,\u201d the CNBC co-anchor posted. \u201cNothing is off limits. Looking forward to it\u2026\u201d<\/p>\n<p>The newspaper\u2019s annual DealBook Summit is scheduled to take place on Nov. 30 in New York City. According to the webpage for the summit, there will be a long list of prominent speakers and interviewees, such as Ukrainian President Volodymyr Zelenskyy, former Vice President Mike Pence, Treasury Secretary Janet Yellen, BlackRock CEO Larry Fink, and New York City Mayor Eric Adams.<\/p>\n<p>The newspaper confirmed that Bankman-Fried will not be live in person for the event.<\/p>\n<p>\u201cAt this time, we expect Mr. Bankman-Fried will be participating in the interview from the Bahamas,\u201d Naseem Amini, a communications manager at The New York Times, told The Epoch Times.<\/p>\n<figure id=\"attachment_3140047\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2019\/11\/07\/clinton-at-dealbook-2-1200x800.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"lazy size-medium wp-image-3140047\" src=\"https:\/\/www.theepochtimes.com\/assets\/themes\/eet\/images\/white.png\" data-src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/clinton-at-dealbook-2-600x400-1.jpg\" alt=\"Epoch Times Photo\" width=\"600\" height=\"400\" \/><figcaption class=\"wp-caption-text\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3140047\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/clinton-at-dealbook-2-600x400-1.jpg\" alt=\"Epoch Times Photo\" width=\"600\" height=\"400\" \/><\/noscript><\/figcaption><\/a> Andrew Ross Sorkin, a New York Times columnist, speaks with former Secretary of State Hillary Rodham Clinton onstage at the New York Times Dealbook event in New York City on Nov. 6, 2019. (Michael Cohen\/Getty Images for The New York Times)<\/figure>\n<p>Billionaire CEO Elon Musk has questioned The New York Times\u2019 judicious <a href=\"https:\/\/twitter.com\/dealbook\/status\/1595522085765644288?s=20&#038;t=soTdfy_dG3ZSqXEiMEIWEQ\">coverage<\/a> of Bankman-Fried.<\/p>\n<p>\u201cThis is one the biggest failures in US journalistic integrity of the 21st century,\u201d the Tesla Motors and Twitter CEO <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1595587621731766275?s=20&#038;t=soTdfy_dG3ZSqXEiMEIWEQ\">posted<\/a>.<\/p>\n<p>The announcement did not sit well with many individuals on social media.<\/p>\n<p>Fintwit, a popular Twitter account that reports on news in the financial markets, compared Bernie Madoff to Bankman-Fried.<\/p>\n<p>\u201cIn 2008, Bernie Madoff was arrested within 24 hours of his fraud being revealed,\u201d the account <a href=\"https:\/\/twitter.com\/fintwit_news\/status\/1595517061987459082?s=20&#038;t=E5xaaL96TLRcedce2zIjIQ\">tweeted<\/a>. \u201cIn 2022, Sam Bankman-Fried will be attending the NYTimes dealbook summit after his fraud was revealed.\u201d<\/p>\n<p>Popular Twitter user @WSBChairman <a href=\"https:\/\/twitter.com\/WSBChairman\/status\/1595512773177446412?s=20&#038;t=E5xaaL96TLRcedce2zIjIQ\">wondered<\/a> how Bankman-Fried could \u201csteal billions of dollars and is now speaking at a summit as a free man,\u201d adding, \u201cMake it make sense.\u201d<\/p>\n<p>Others questioned if it will be a legitimate and honest interview.<\/p>\n<p>\u201cIs that when you\u2019re going to explain why FTX engaged in fraud and broke its own terms of service by lending out customers funds to your hedge firm without their knowledge or consent?\u201d the community ambassador of Chainlink <a href=\"https:\/\/twitter.com\/ChainLinkGod\/status\/1595552660597313536?s=20&#038;t=E5xaaL96TLRcedce2zIjIQ\">asked<\/a>. \u201cOr will it generally just be some more gaslighting sidestepping the $10B elephant in the room?\u201d<\/p>\n<p>Speaking in an interview with <a href=\"https:\/\/www.cnbc.com\/video\/2022\/11\/23\/crypto-is-facing-a-deficit-of-trust-says-galaxy-digital-ceo-mike-novogratz.html\">CNBC<\/a> on Wednesday, Mike Novogratz, the CEO of Galaxy Digital, a financial services and investment management company, also questioned why he has still not been arrested.<\/p>\n<p>\u201cI had some young kids break into my apartment four years ago, they stole a couple of laptops, and within three days the NYPD had arrested them and they were in jail,\u201d Novogratz said. \u201cMaybe I\u2019m not a judge or a lawyer, but I read my contract and [Bankman-Fried] certainly did things with our coins that were illegal. And he\u2019s running around the Bahamas, giving press conferences, going on TV.\u201d<\/p>\n<h2>Apology Letter to Staff<\/h2>\n<p>This comes after the ex-CEO penned a letter to FTX employees, apologizing for his \u201cirrational decisions\u201d that were based on \u201c[expletive]\u201d circumstances.<\/p>\n<p>\u201cI feel deeply sorry about what happened. I regret what happened to all of you. And I regret what happened to customers. You gave everything you could for FTX, and stood by the company\u2014and me,\u201d he wrote in the letter that was <a href=\"https:\/\/www.cnbc.com\/2022\/11\/23\/heres-the-apology-letter-sam-bankman-fried-sent-to-ftx-employees.html\">obtained by CNBC<\/a>. \u201cI deeply regret my oversight failure. In retrospect, I wish that we had done many many things differently.\u201d<\/p>\n<p>Bankman-Fried ostensibly seemed convinced that he could have avoided Chapter 11 bankruptcy protection by raising funds to save the crypto giant, claiming that the possibility of billions of dollars in funding arrived \u201ceight minutes\u201d after signing bankruptcy documents.<\/p>\n<p>\u201cBetween those funds, the billions of dollars of collateral the company still held, and the interest we\u2019d received from other parties, I think that we probably could have returned large value to customers and saved the business,\u201d he said.<\/p>\n<p>In a recent <a href=\"https:\/\/www.vox.com\/future-perfect\/23462333\/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy\">interview with Vox<\/a>, he maintained this position, where he suggested that FTX could have avoided bankruptcy by raising the necessary funds to keep operations running.<\/p>\n<p>The company\u2019s first bankruptcy hearing took place on Nov. 22, revealing how millions of users were affected by the collapse of Bankman-Fried\u2019s crypto empire.<\/p>\n<p>John Ray, the newly appointed CEO of FTX, stated that he had never witnessed such a \u201ccomplete failure\u201d of corporate control and a \u201ccomplete absence of trustworthy financial information.<\/p>\n<p>\u201cNever in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,\u201d Ray said in a filing with the U.S. bankruptcy court for the district of Delaware. \u201cFrom compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.\u201d<\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-andrew-moran\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/WEB_AndrewMoran.jpeg\" alt=\"Andrew Moran\" \/><\/a><\/p>\n<p>Follow<\/p>\n<\/div>\n<p>Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of &#8220;The War on Cash.&#8221;<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FTX founder Sam Bankman-Fried noted on Twitter on Nov. 23 that he would speak at an upcoming New York Times summit.\u201cI\u2019ll be speaking with @andrewrsorkin at the @dealbook summit next<\/p>\n","protected":false},"author":1,"featured_media":1750925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1750922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1750922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1750922"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1750922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1750925"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1750922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1750922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1750922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}