CNBC’s Mad Money Show Host Jim Cramer Ex-CEO of FTX Sam Bankman-Fried (SBF), is a deceptive liar and ignorant fool. “That guy is a complete imbecile. His apology doesn’t mean anything. Saying sorry is not an option” Cramer emphasized.
Jim Cramer On Sam Bankman-Fried The FTX Collapse
CNBC’s Mad Money Show Hosting Jim Cramer His opinions on the bankruptcy and ex-CEO of cryptocurrency exchange FTX, as well as its founders and former CEO were shared Sam Bankman-Fried (SBF) in two interviews on CNBC Thursday. Cramer A former hedge fund manager, who co-founded Thestreet.com is a website that provides financial news and education.
Commenting On Bankman-Fried’s At the interview, claim New York Times Dealbook Summit That he “didn’t try to commit fraud against anybody,” Cramer said:
That guy is a complete imbecile. His apology is pointless. Saying sorry doesn’t make it right if funds are mixed. If they don’t have records it’s illegal.
“You were careless, you didn’t keep records, illegal, okay, so if you’re admitting illegality, even though you think you didn’t mean to, to the US attorney what the attorney cares about is: did you break the law?” Cramer emphasized. .
“Being a nice guy, which he clearly is, is irrelevant… It This means absolutely nothing. Some One of the most kind people I know has spent time in jail.” Mad Money Host shared.
Referring To Bankman-Fried, Cramer emphasized:
He You are a fraudulent liar. He’s A scam artist.
“He admitted to mixing up accounts that shouldn’t be mixed up, but then he says, ‘It doesn’t really matter, I feel bad,’” The Mad Money host continued, adding: “Then again, it doesn’t matter if he’s a liar or honest man. He He broke the law, it is a fact. Cramer noted: “If you mix funds… you’ll probably go to jail for that, so don’t mix them.”
In A separate interview was conducted on CBNC Thursday, Cramer opined: “I think Sam, whatever, I don’t even want to dignify his full name anymore, he’s just a crook.” The Mad Money Host elaborated:
He was a crazy hustler, and he is amazing. Mixed He was up, but he felt it.
“Thieves never say you’re sorry. I don’t care about what the ‘alleged’ means anymore. I’m All the ‘alleged’ nonsense must be abandoned. I’m “I’m not a journalist anymore when it is about that guy.” Cramer concluded.
FTX was filed Chapter 11 bankruptcy November 11. Bankman-Fried Resigns as CEO An One million investors and customers lost billions of dollars in the stock market crash. The Company is under investigation for mishandling funds. FTX’s new CEO John RayHe told the bankruptcy court: “Never in my career have I seen such a comprehensive failure of corporate controls and such a comprehensive absence of reliable financial information as happened here.”
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