FTX’s 16 Billion Dollar Ponzi Scheme #1633



Based on preliminary reports, many people should be imprisoned for a very long time over the FTX’s apparent Ponzi scheme, which allegedly lost 16 billion dollars in investors’ crypto investments. The financials are enough to make those that have read them go insane. Of course, with a lot of the companies offshore, we will see how much actual prosecution can actually be done.

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About geeknews

Todd Cochrane is the Founder of Geek News Central and host of the Geek News Central Podcast. He is a Podcast Hall of Fame Inductee and was one of the very first podcasters in 2004. He wrote the first book on podcasting, and did many of the early Podcast Advertising deals in the podcasting space. He does two other podcasts in addition to Geek News Central. The New Media Show and Podcast Legends.


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