11.17.22 Crypto: The FTX Collapse / Scams Targeting Seniors

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 17 November 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

FTX Crypto has gone bust, and there are lots of questions about where millions in client money has gone. Clark explains what has happened with FTX and other crypto exchanges and what’s next. Learn Clark’s NEVER NEVER rule for crypto. Another rip off - Scams against people age 60 and over are up 40% in the last 2 years. And that’s only what’s reported. The scams add up to $Billions stolen, and criminals work overtime during the holidays. What to look out for to protect yourself and loved ones. The FTX Collapse: Segment 1 Ask Clark: Segment 2 Scam Warnings: Segment 3 Ask Clark: Segment 4 Mentioned on the show: FTX Customers Wonder If They’ll Ever See Their Money Again - The Wall Street Journal. Tom Brady. Stephen Curry. Shaq. See the Celebrities With Ties to FTX. - The Wall Street Journal. The FTX collapse is a harsh lesson in hype advertising Binance pledges to create crypto industry recovery fund, calls for regulation Fidelity Investments Review 2022: Pros & Cons 401(k) Match: What Is It, How It Works Scam Report: FTC Says Older Adults Targeted How To Watch NFL RedZone Without Cable in 2022 Welcome to Clark’s Christmas Kids 2022 Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This podcast is brought to you by Progressive.
0:03.2	Are you thinking more about how to tighten up your budget these days?
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0:44.1	It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve you
0:49.5	and empower you so you make better financial decisions in your life.
0:54.2	I'm sure by now you've heard about the crash and burn of FTX.
1:00.2	And there are lots of questions about what's going to happen to the billions of dollars
1:05.4	of client money.
1:06.6	Is it gone, gone, gone?
1:08.7	It's just horrible.
1:10.6	It's me, Aripoffs.
1:11.9	I have a special warning for you through the Christmas holiday season.
1:16.4	Are elderly relatives are being targeted so heavily by scams.
1:22.7	And it's even more during the holiday season.
	...

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