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Crypto Urgency: Why SBF’s Arrest Matters

Start Here

ABC News

News, Daily News, Politics

4.56.4K Ratings

🗓️ 14 December 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Prosecutors reveal charges against FTX founder Sam Bankman-Fried. Federal agents crack down on cartel-run marijuana farms, likening conditions there to "narco slavery." And 10 years since Sandy Hook, school shooting witnesses write letters to future survivors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Start here is brought to you by Progressive, where customers who save by switching their

0:03.7

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0:06.5

Quote at Progressive.com, Progressive Casualty Insurance Company and Affiliates.

0:10.3

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0:16.0

between June 2021 and May 2022.

0:18.9

Potential savings will vary.

0:20.3

It's Wednesday, December 14.

0:22.3

The prosecutors say don't get it twisted for a brand new currency.

0:25.6

This was old-school theft.

0:27.4

We start here.

0:30.8

Authorities unveil a laundry list of charges against the founder of FTX.

0:35.3

This is really old-fashioned and embezzlement.

0:38.5

That's sophisticated at all.

0:40.0

So was this a mistake or a calculated scheme?

0:43.1

Legalized marijuana was supposed to make cartels less powerful so why have they taken over

0:47.6

American farmland?

0:49.6

How sophisticated are these organizations?

0:52.4

They're organizations, as you would think of, as a corporation in the United States.

0:56.0

And very sophisticated.

0:57.4

Our team investigates what's being called a narco slavery.

1:00.8

And ten years after the shooting at Sandy Hook Elementary School, alumni know there are

1:05.2

still more victims to come.

...

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