{"id":53392,"date":"2023-01-18T04:00:16","date_gmt":"2023-01-18T09:00:16","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/scam-bankrupt-fraud-ftx-founder-used-confusing-technocratic-jargon-to-throw-off-public-investor-says-53392"},"modified":"2023-01-18T04:00:16","modified_gmt":"2023-01-18T09:00:16","slug":"scam-bankrupt-fraud-ftx-founder-used-confusing-technocratic-jargon-to-throw-off-public-investor-says","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/scam-bankrupt-fraud-ftx-founder-used-confusing-technocratic-jargon-to-throw-off-public-investor-says-53392","title":{"rendered":"‘Scam Bankrupt Fraud’: FTX founder used confusing, ‘technocratic jargon’ to throw off public, investor says"},"content":{"rendered":"
\n

Disgraced cryptocurrency investor Sam Bankman-Fried<\/a> relied on confusing “technocratic jargon” and deceptive talking points to run circles around investors and interviewers as part of a broader deflection strategy, a high-profile investor told Fox News.<\/p>\n

“Nothing that SBF said since\u00a0the fraud was exposed has been\u00a0coherent even to this\u00a0sophisticated observer of\u00a0financial markets.\u00a0I think that\u2019s not just an\u00a0accident.\u00a0It is by design.\u00a0It\u2019s another deflection tactic,” Vivek Ramaswamy of Strive Asset Management\u00a0said.<\/p>\n

Ramaswamy made the observation in the latest episode of “Tucker Carlson Originals,” which will be available Thursday to Fox Nation subscribers. The highly anticipated documentary, titled “Scam Bankrupt Fraud: The Story of FTX,” examines the rise and fall of the FTX founder who has been accused of regularly using lies, deception, and fraud<\/a> to <\/strong>build his crypto empire.<\/p>\n

BENEFICIARIES OF BANKMAN-FRIED’S \u2018DIRTY MONEY\u2019 SHOULD PAY IT BACK: PIRRO<\/strong><\/a><\/p>\n

In a preview that aired Tuesday on the Fox News Channel, Ramaswamy\u00a0honed in on Bankman-Fried’s tendency to clutter his sentences with meaningless jargon to avoid admitting wrongdoing when confronted.<\/p>\n

“The technocratic jargon is itself part of the smokescreen,” Ramaswamy\u00a0said. “I have a general rule of\u00a0thumb: If you cannot explain it\u00a0to a 14-year-old, that means\u00a0either you don\u2019t understand it\u00a0yourself or you do understand\u00a0it, and you\u2019re trying to confuse the\u00a0audience for a reason that has\u00a0to do with your own\u00a0self-interested gain.”<\/p>\n

“He knew how to play the game to\u00a0be able to create the appearance\u00a0that he cared about something other\u00a0than profit and power when in\u00a0fact he cared only about more\u00a0profit and power for himself,” Ramaswamy\u00a0told Carlson in a separate interview on “Tucker Carlson Tonight” Tuesday.<\/p>\n

But perhaps the most striking part of the scandal, according to Ramaswamy, is how “familiar” Bankman-Fried’s story is, he said.<\/p>\n

“This is not some sort of deviant\u00a0that is so different from how the rest\u00a0of Wall Street operates,” Ramaswamy\u00a0told Carlson.<\/p>\n

INSIDE THE COLLAPSE OF CRYPTO EXCHANGE FTX: EVERYTHING YOU NEED TO KNOW<\/u><\/strong><\/a><\/p>\n

The frequent Fox News guest said he finds it ironic that Wall Street elites are trying to distance themselves from the failed FTX founder, who he said reminds him of the now-bailed-out financial giants who took U.S. taxpayer bailouts to stay afloat after the 2008 financial crisis. They still tried to position themselves as the “good guys” despite their maligned behavior.\u00a0<\/p>\n

“It’s the\u00a0same story we saw back in 2008.\u00a0I think there are a lot of\u00a0similarities\u2026.what did he do?\u00a0He took client funds without\u00a0their permission and used it to advance his agenda without telling them,” Ramaswamy said. “Guess what. The largest institutions are\u00a0using someone else\u2019s money\u00a0without their permission to\u00a0advance their own agendas.”<\/p>\n

Ramaswamy\u00a0said he hopes Bankman-Fried’s story urges Wall Street<\/a> to reexamine such practices.<\/p>\n

CLICK HERE TO GET THE FOX NEWS APP<\/strong><\/a><\/p>\n

“I think it\u2019s an interesting moment for everyone to\u00a0look in the mirror who is on\u00a0Wall Street and everyone else and\u00a0ask themselves how dissimilar\u00a0his story really is.”<\/p>\n

The FTX founder posted $250 million bond and is awaiting trial on fraud charges at his parents’ home in California.<\/p>\n

For a deeper dive into Bankman-Fried’s background and a rare perspective on the FTX scandal, subscribe to Fox Nation<\/u><\/a> and stream the \u2018Tucker Carlson Originals’ episode dropping Thursday, Jan. 19.<\/p>\n

CLICK HERE TO GET FOX NATION<\/u><\/strong><\/a><\/p>\n

Fox Nation <\/u><\/strong><\/i><\/a>programs are viewable on-demand and from your mobile device app, but only for Fox Nation subscribers. <\/strong><\/i>Go to Fox Nation<\/u><\/strong><\/i><\/a> to start a free trial and watch the extensive library from your favorite Fox News personalities.<\/strong><\/i><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/scam-bankrupt-fraud-ftx-founder-confusing-technocratic-jargon-confuse-public-investor-says <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Disgraced cryptocurrency investor Sam Bankman-Fried relied on confusing “technocratic jargon” and deceptive talking points to run circles around investors and interviewers as part of a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-53392","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\n'Scam Bankrupt Fraud': FTX founder used confusing, 'technocratic jargon' to throw off public, investor says - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/scam-bankrupt-fraud-ftx-founder-used-confusing-technocratic-jargon-to-throw-off-public-investor-says-53392\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'Scam Bankrupt Fraud': FTX founder used confusing, 'technocratic jargon' to throw off public, investor says - 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