Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 12 May 2023

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billions of dollars were missing, and Sam was in handcuffs. Those who knew him were left wondering — who was Sam really? A well-meaning billionaire who made a mistake? Or a calculating con man? From Wondery and Bloomberg, the makers of The Shrink Next Door, comes a new story of incredible wealth, betrayal and what happens when “doing good” goes really really bad. Learn more here: https://podcasts.apple.com/us/podcast/spellcaster-the-fall-of-sam-bankman-fried/id1685258534

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Transcript

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0:00.0	I wonder what you're going to do.
0:07.0	Meet Sam.
0:08.4	Sam is 30 years old.
0:10.4	He typically wore t-shirts and shorts and sandals.
0:15.2	He likes to play computer games.
0:17.1	He is commanding this army of fairies and elves
0:22.4	in this online game.
0:24.3	He talks a lot about doing good and helping people.
0:28.0	There really was this idea that he was going to change the world.
0:31.8	Sam may not act the part, but he's a billionaire.
0:34.9	Say for Mark Zuckerberg, no one in history has ever gone so rich so young.
0:40.4	But on December 12, 2022, everything changes for Sam.
0:45.9	And what he calls a screw-up, the US government
0:49.2	calls one of the largest frauds in history.
0:52.5	They had lost a very significant amount of money.
0:55.4	Lots of people were hurt badly, which left everyone wondering,
0:59.5	who is Sam Bankman-Free?
1:03.9	From Bloomberg and Wondery, the makers of the Shrinkneck store,
1:08.0	comes a new series, Spellcaster, the fall of Sam Bankman-Free.
1:13.5	A story of incredible wealth.
1:15.8	There was a sense of awe when he walked in.
1:17.8	It was like a celebrity betrayal.
	...

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