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Title:CRYPTO - Was FTX Simply a Fraudulent Criminal Scam? $10BN Customer Funds & $2BN Investor Money Lost
Duration:26:29
Viewed:0
Published:28-11-2022
Source:Youtube

Please Support The Channel: YouTube Super Thanks (click below) YouTube Membership (click below) https://www.buymeacoffee.com/JoeBlogs https://www.patreon.com/joeblogsYT Amazon Shopping USA - https://amzn.to/3qwnwHB Amazon Shopping UK - https://amzn.to/3LbHjFL Amazon Shopping Canada - https://amzn.to/3BIyXlS Amazon Shopping Australia - https://amzn.to/3eHQZvy Click thro the link, buy your items as normal and Amazon will pay me a small commission FTX was the second largest CRYPTO Currency Exchange and is now in Chapter BANKRUPTCY with over 1 Million Creditors. John Ray, the Bankruptcy practitioner for Enron, has been appointed as CEO and his initial findings are that this is WORSE than Enron which was the biggest accounting fraud in USA history. In this video I discuss the question as to whether FTX was established to be FRAUDULENT SCAM by looking at the 7 Key Ingredients for a Scam and comparing FTX to some of the greatest Scams and Frauds in History. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. Chapters: 0:00 Intro 1:52 REVOLUTIONARY IDEA 5:49 FAST GROWING MARKET 7:35 CHARISMATIC LEADER 11:34 OPAQUE BUSINESS MODEL 14:54 COMPLICATED ACCOUNTING 18:08 RAISE INVESTMENT 19:15 CUSTOMER FUNDS 21:33 SUMMARY & CONCLUSION #ftx #crypto #fraud #china #Belt&Road #globalrecession #globalfinancialcrisis #russia #Evergrande #China #Recession #Zhenro #Bonds



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