DAY 691: FTX founder charged with fraud
The 11th Hour with Stephanie Ruhle
MS NOW, Stephanie Ruhle
4.4 • 3.6K Ratings
🗓️ 14 December 2022
⏱️ 42 minutes
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| 0:00.0 | Tonight, the former crypto king denied bail in the Bahamas. |
| 0:08.6 | Sam Bankman freed now faces a long list of criminal fraud charges as the new CEO testifies |
| 0:14.9 | about rampant mismanagement at the Collapse FTX Empire. |
| 0:19.6 | Then we are just days away from the January 6th Committee's final public meeting, what |
| 0:24.6 | we know about the report and criminal referrals. |
| 0:28.0 | 10 years ago, tonight, families in Newtown, Connecticut went to bed not knowing their |
| 0:33.3 | worlds would forever change. |
| 0:35.5 | The message from survivors on the eve of the Sandy Hook anniversary as the 11th hour |
| 0:40.4 | gets underway on this Tuesday night. |
| 0:42.5 | Good evening, once again, I'm Stephanie Rule. |
| 0:51.4 | We'll begin this evening with fast-moving developments in Sam Bankman Freed's sudden |
| 0:55.8 | dissent from mega wealthy entrepreneur to prison inmate. |
| 1:00.0 | The one-time CEO of the failed crypto exchange FTX remains behind bars in the Bahamas tonight |
| 1:06.6 | held without bail. |
| 1:08.1 | His company suddenly collapsed last month, then filed for bankruptcy. |
| 1:12.2 | This afternoon, the Justice Department charged the 30-year-old with eight criminal counts, |
| 1:17.5 | including conspiracy to commit wire fraud, money laundering, and campaign finance violations. |
| 1:25.6 | The statement was that the government was not able to make a deal with the financial frauds |
| 1:26.6 | in American history. |
| 1:27.6 | Bankman Freed and his co-conspirator stole billions of dollars from FTX customers. |
| 1:32.2 | He used that money for his personal benefit, including to make personal investments and |
| 1:36.7 | to cover expenses and debts of his hedge fund. |
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