Name: FTX Scheme Used Fake Money To Buy Up Other Companies: Robert Salvador on FTX Crypto Scandal
Uploaded: 2022-12-29T18:03:16.000Z
Description: Court documents show that FTX founder Sam Bankman-Fried took hundreds of millions of dollars from his trading firm Alameda Research to buy Robinhood stock. NTD spoke to Robert Salvador, the CEO of Digibuild, who explained what it means in terms of possible criminal activity. Salvador said Bankman-Fried’s alleged “Ponzi scheme” used fake money to buy up other companies.

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Court documents show that FTX founder Sam Bankman-Fried took hundreds of millions of dollars from his trading firm Alameda Research to buy Robinhood stock. NTD spoke to Robert Salvador, the CEO of Digibuild, who explained what it means in terms of possible criminal activity. Salvador said Bankman-Fried’s alleged “Ponzi scheme” used fake money to buy up other companies.

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