business. is this as bad as it looks, charles? charles: i think it s worse. jesse: it s worse? charles: we pealed back this one, i mean, bernie madoff is going to sit up in his grave and dang i was a piker. the financial times saying this was $50 trillion scam with 100,000 creditors. you know, on my show today, jesse. i put up the tax structure of the company. you would think it was the largest corporation in the world. and this is why you know this was done on purpose. right? there was a back door that only, you know, spf can access and that s how apparently they took the $10 billion of customer money and gave it to his girlfriend who was trying to run the hedge fund. i saw video of his girlfriend who said that they were doing weird stuff. they kept telling her to invest in weird things. she didn t really want to but then she came to quote, unquote, tomorrow brace it. so, if this was really nuts.
ruined and life savings are gone. we have numbers to show you, this is 38 million dollars that sam bankman-fried put toward the midterms, where money came from safe to assume it was customer money, but we don t know that yet. $27 million to protect future pact, money to nancy pelosi lineup, 2 million to gmi pact who put money into john fetterman. as far as fraud over at ftx, new york post talked to one investor, none want to be on the record, particularly celebrities, one said this is a madoff situation, almost everyone invested in this thing and now no one wants to admit it. end of the day, bernie madoff was a fraudster and he went to
over to you. brian: other news is the giants are now in second place alone. just one game out of first for more on that carley. [applause] brian: chris, keep it down. carley shimkus will be providing. carley: provide expert analysis top of the hour. ainsley: thank you, carley. carley: you are welcome. ainsley: sam bankman-fried whose massive crypto business filed for bankruptcy days after the election. brian: not before helping his party pumping $40 million into far left voting causes this midterm cycle on top of the 10 million to help get joe biden elected it in 2020. steve: the 30-year-old once said to be worth $16 billion now under a u.s. federal probe as $1 billion of customer money reportedly just poof vanished conveniently after the democrats spent his money on the campaigns. joining us right now is host of varney and company and american built on fox business, stuart
collapsed in such spectacular fashion? , , ., . i, ., , fashion? this is a crypto, things collapse in spectacular - fashion? this is a crypto, things collapse in spectacular fashion i collapse in spectacular fashion all the time, though this was bigger than most. basically, we don t know for sure but it looks like he had a hedge fund, the hedge fund lost billions of dollars, there are a lot of losses to go around in crypto because prices have come down a lot, he then used the money in his exchange ft exco customer money, to bail out the hedge fund, and then when that disappeared, there was nothing left for the customers and everything imploded so, in a sense, it was a giant ponzi scheme. but she wasn t paying off investors, he wasn t paying off investors, he wasn t paying off investors, he wasn t paying investors with high returns with money from new investors, he was just using are
sometimes who counts the votes tends to be more important than who voted. let s hope there are balanced poll watchers. pete: let s hope. by the way, you said monday evening quarterbacking. it was so close. rachel: did i say that? will: monday night quarterbacking, and it s pete: monday morning quarterbacking. will: if we give you 30 more seconds, you can spin it into a conversation about a beauty pageant. [laughter] way. rachel: i could. pete: turning now to a few additional headlines this morning. a deadly shooting outside of a high school football game in orlando leaves one person dead and three others injured. officers were patrolling the grounds when they heard gunshots coming from the parking lot. orlando police say they have a suspect in custody, but officials are still investigating the crime scene. and a reuters investigation reveals a billion dollars of customer money has disappeared