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I accidentally Interviewed SBF and he hated It

This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.

2022-12-04 19:00:00 - Coffeezilla

00:00 Intro

01:07 Interview #1 - Explain the missing $8 Billion

01:58 Sam explains the "accounting error"

02:58 Sam Claimed He Couldn't See $8 Billion

03:24 Sam Agrees

03:35 Sam's Employees Laughed at His Explanation4.29 "I had a lot going on"

04:52 I interrupt Sam

05:25 "I was vaguely aware some of these systems existed"

05:50 Sam tells the interviewer he has to leave

06:02 Interview #2 - Sam's Terms of Service

07:00 "My memory is that it was more than a billion"

08:20 Sam's Story Isn't Consistent with Insiders

09:33 "I'm saying what I believe"

09:45 Why do people in your company know more than you?

09:53 I don't know what they said

10:07 I'm telling you what they said

10:34 A lot of the position did not appear

10:40 So where was the position

10:55 Who controlled the Secret Stub Account?

11:04 Are we supposed to believe nobody knew about it?

11:16 Somebody had to lose the money

11:22 Seems really convenient... Yeah I don't know what to tell you

11:34 Sam knew Alameda's financials per Forbes

11:58 Sam hasn't seen the article

12:43 But that means you knew what Alameda had

13:13 What if we find out you're lying...

13:41 SAM: I think a lot of my credibility is already gone

14:00 Host: Is there a chance to get our money back? 15.01 Who were the funding offers for FTX?

15:12 Was the $4 billion ever real?

15:22 Uhh I think it uhh I don't know for sure

15:48 Misleading M2M statements, were you deliberately misleading

16:27 Sam acknowledges he wrong.. "Massively misjudged"

17:02 What do you mean? No way you make a simple mistake like that

17:22 Pretty big misjudgement I made

18:26 Makes no sense even without a market crash

18:52 The answer seems to always be "I made an embarrassing mistake"

19:26 I was starting with M2M and adjusting down

19:47 You never marked down

20:22 Was that FTX US?

20:25 Sam leaves the call again, but comes back

20:29 I have a question about Dan Friedberg

20:37 Sam doesn't feel comfortable talking about Dan...

21:10 A tale of two failures: Fraud or Negligence

21:52 Your lawyer's biggest achievement was hiding fraud

22:09 Sam: We had a number of people in our legal department

22:35 He was the chief guy, he should've caught this stuff..

23:48 Why'd you choose him specifically?

24:28 Not a failure of regulation

26:18 Sam leaves the call00:00 Intro

01:07 Interview #1 - Explain the missing $8 Billion

01:58 Sam explains the "accounting error"

02:58 Sam Claimed He Couldn't See $8 Billion

03:24 Sam Agrees

03:35 Sam's Employees Laughed at His Explanation4.29 "I had a lot going on"

04:52 I interrupt Sam

05:25 "I was vaguely aware some of these systems existed"

05:50 Sam tells the interviewer he has to leave

06:02 Interview #2 - Sam's Terms of Service

07:00 "My memory is that it was more than a billion"

08:20 Sam's Story Isn't Consistent with Insiders

09:33 "I'm saying what I believe"

09:45 Why do people in your company know more than you?

09:53 I don't know what they said

10:07 I'm telling you what they said

10:34 A lot of the position did not appear

10:40 So where was the position

10:55 Who controlled the Secret Stub Account?

11:04 Are we supposed to believe nobody knew about it?

11:16 Somebody had to lose the money

11:22 Seems really convenient... Yeah I don't know what to tell you

11:34 Sam knew Alameda's financials per Forbes

11:58 Sam hasn't seen the article

12:43 But that means you knew what Alameda had

13:13 What if we find out you're lying...

13:41 SAM: I think a lot of my credibility is already gone

14:00 Host: Is there a chance to get our money back? 15.01 Who were the funding offers for FTX?

15:12 Was the $4 billion ever real?

15:22 Uhh I think it uhh I don't know for sure

15:48 Misleading M2M statements, were you deliberately misleading?

16:27 Sam acknowledges he wrong.. "Massively misjudged"

17:02 What do you mean? No way you make a simple mistake like that

17:22 Pretty big misjudgement I made

18:26 Makes no sense even without a market crash

18:52 The answer seems to always be "I made an embarrassing mistake"

19:26 I was starting with M2M and adjusting down

19:47 You never marked down

20:22 Was that FTX US?

20:25 Sam leaves the call again, but comes back

20:29 I have a question about Dan Friedberg

20:37 Sam doesn't feel comfortable talking about Dan...

21:10 A tale of two failures: Fraud or Negligence

21:52 Your lawyer's biggest achievement was hiding fraud

22:09 Sam: We had a number of people in our legal department

22:35 He was the chief guy, he should've caught this stuff..

23:48 Why'd you choose him specifically?

24:28 Not a failure of regulation

26:18 Sam leaves the call


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