Kevin O’leary made a statement about whether SBF is guilty or not. In the story of the FTX failure, Kevin O’Leary says he can’t understand why SBF was sued before even being tried by the authorities.
Regarding the recent news surrounding the failure of FTX and its founder, SBF’s Capitol Hill Appeal – Kevin O’Leary of Shark Tank fame, called for calm during a speech on December 8th. Kevin seems convinced that it was wrong to prosecute former FTX CEO Sam Bankman-Fried (SBF) if the US authorities and the court system had found him earlier.
Kevin lost his $15 million
Although he seems to be defending SBF, he is asking for a thorough investigation of the company and the investigation to be done so that the truth prevails. He even admits that he lost $15 million FTX paid him to work as a spokesperson for the current crypto exchange.
Speaking about the money he lost due to the FTX failure, he was quoted as saying:
The total contract was under $15 million, all in all I invested about $9.7 million in crypto. I think that’s what I missed – I don’t know – it’s empty.
O’Leary also said he owns more than $1 million in FTX stock, which is now worthless due to the filing process. According to O’Leary, the remaining funds, which totaled more than $4 million, were taxes and agent fees.
The FTX news doesn’t faze O’Leary
The Canadian investor, also known as “Mr. Wonderful” was asked by the guests of CNBC’s Squawk Box about his failure to properly consider the risks involved in investing in FTX. O’Leary admitted that he was a “single-minded person” and said that none of his financial partners suffered any financial losses.
However, he admitted that he got his money from his shares in Circle Group, which has seen a dramatic increase in revenue this year. online platforms, showing a close relationship with the company’s founder, Sam Bankman-Fried, who is currently conducting various researches. Innocent until proven guilty?
However, during the movie, Kevin seems to stick to “not guilty until proven guilty” and says that:
“It’s not good money,” O’Leary said in closing.
