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Transcripts for FOXNEWS The Story With Martha MacCallum 20240604 20:25:00

handle customer withdrawals. we have these in the market from time to time. this time it s crypto. so it s very unfortunate what happened and it seems there s a fair amount of malfeasance involved, too. i hope we move on and learn a lesson. a forensic accountant said this case has close similarries to the bernie madoff ponzi scheme. there was no oversight and everything there s one person. experts say this is another warning about investing in things not fully understood. you can see the failures looking in the rear view mirror. anybody that invested on this on the front end should have asked pointed questions about governance and control. any time you deal with something offshore, that heightens the concern. trace: the top 50 creditors are still owed about $3 billion. the sec and new york state prosecutor s office are looking into this collapse. trace? trace: thanks, edward. live in d.c.

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