FTX - Caroline Ellison Arrested & Working with FBI as Sam Bankman-Fried is Released on $250MN Bail
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FTX founder Sam Bankman-Fried has Extradited to the USA and has been released on Bail of $250 Million. In addition Caroline Ellison & Gary Wang have also been arrested and released on Bail. 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 provide more details arrest of the key Executives of FTX as well as looking at the Costs of the Bankruptcy and the largest Bail figures in US history.
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For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
1:17 BAIL APPLICATION
3:46 BAIL PACKAGE
7:22 LARGEST BAIL DEALS
10:11 ELLISON & WANG
11:29 BANKRUPTCY COSTS
13:29 SUMMARY & CONCLUSION
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#globalfinancialcrisis
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