“So I’m SBF, founder and CEO of FTX,” the Bankman-Fried character says in the beginning of the video.
He then proceeds to describe the absurdity of his scheme, framing it all as an accident.
“My accidental theft of our customers’ life savings to create a giant, over-leveraged slush fund for myself is a tragedy that should have never happened.”
The video then shows Bankman-Fried rubbing shoulders with global elites, apologizing in the midst of his posh and luxurious life.
“And to all those affected, I want to say that I am deeply sorry,” he says, before offering a string of disingenuous apologies.
The video then shows Bankman-Fried interacting with all of those whose money he stole, from Tom Brady to America’s political elites.
It concludes by showing Bankman-Fried being arrested, making national news.
The U.S. Securities and Exchange Commission charged the former CEO of failed cryptocurrency firm FTX—also Democrats’ second largest donor in the 2022 midterm election cycle—with orchestrating a scheme to defraud investors.
After his recent arrest, a judge allowed Bankman-Fried to post a $250 million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
Bankman-Fried was one of the world’s wealthiest people on paper, with an estimated net worth of $32 billion. He was a prominent personality in Washington, donating millions of dollars toward mostly left-leaning political causes and Democrat political campaigns.
Under his watch, FTX grew to become the second-largest cryptocurrency exchange in the world.
All that wealth was ill-gotten. Assistant U.S. Attorney Nicolas Roos said in U.S. District Court in Manhattan that Bankman–Fried “perpetrated a fraud of epic proportions.”