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The Fox News Rundown

FTX Founder Facing Potential Life Sentence

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 14 December 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

On Monday night, founder of FTX cryptocurrency exchange Sam Bankman-Fried was arrested in the Bahamas, charged with wire fraud, money laundering and more crimes surrounding the loss of nearly 8 billion dollars of customer funds. The arrest comes a day prior to SBF’s scheduled remote appearance before the House Financial Services Committee. As the FTX CEO awaits extradition to the US and confidence in the crypto market continues to wane, many are questioning if jail time is certain for the former crypto mogul. Former Assistant US Attorney for the Southern District of New York and FOX News Contributor Andy McCarthy joins the Rundown to discuss the case against SBF, the political implications of the investigation and how much prison time is expected for the FTX founder. After spending months in a Russian prison, many celebrated the release of WNBA star Brittney Griner after being wrongfully detained on drug charges. Critics were upset that Marine veteran Paul Whelan, another American wrongfully detained in Russia, was not freed as well. While much of the attention is centered around Griner and Whelan, there's another American who has been held in a Russian prison for over a year. Marc Fogel was arrested in August of 2021 for possessing vape cartridges and medical marijuana. His sister, Anne Fogel joins the Rundown to discuss her reaction to Brittney Griner's release, the story of Marc's arrest, and why she's fighting for the State Department to give him a wrongful detainment classification. Plus, commentary by author and vice president of communications for Focus on The Family, Paul Batura. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm Emily Campagno, host of The Fox True Crime Podcast.

0:03.6

I'm bringing you gripping details straight out of some of the most horrific crimes.

0:07.8

Join me starting September 18th for a week of true crime content you won't want to miss.

0:12.9

Be sure to subscribe wherever you listen.

0:14.9

I'm Shannon Breem.

0:16.0

I'm Tom Shalou.

0:17.0

I'm Maria Bartirummo, and this is The Fox News rundown.

0:20.3

Wednesday, December 14th, 2022, only subradi.

0:27.5

The founder of a now bankrupt cryptocurrency exchange has already defended himself publicly,

0:33.1

but federal prosecutors aren't buying what he's selling.

0:36.4

You don't get to rob the bank and then say, well, I'm not guilty because I intended to

0:41.3

return the money as soon as I was in a better financial shape.

0:44.3

You know, that's not a defense.

0:46.1

I'm Dave Anthony.

0:48.1

He's the American in prison, in Russia.

0:51.3

You may not have heard about.

0:53.9

Mark Vogel.

0:55.5

This case is similar to Brittany Griners, but like Paul Wheelan, he was not set free.

1:00.9

He's afraid of dying there.

1:03.9

My mother's afraid of just going to die there.

1:06.0

We're all afraid of that.

1:07.5

And I'm Paul Batura.

...

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