If you are familiar with the old comedy trio, the Three Stooges, I bet you can spot a resemblance between Larry Fine and Michael Bankman Fried.
One big difference — Larry Fine was funny; Bankman Fried is not.
What has many people scratching their heads is how this kid could wind up at the top of a multi-billion dollar enterprise and convince so many supposedly shrewd Wall Street financiers to throw money at him?
Which brings me to the following tweet. This is your chance to drill down and help try to unravel how this whole scam got started. I asked the question earlier today, who bank rolled this start up. A wise and good friend sent me this.
I hope that the appropriate governing authorities are conducting a full-scale investigation. In the meantime, what do you know about any of these companies/organizations and the people who helped get FTX up and running? I am flattered to have such an urbane, smart group of people from around the world who take the time to read and comment on my articles. I am betting that some of you have some insights on some of these companies and can help shed light on whether there were some nefarious intents at the beginning or if people who should have known better failed to do their due diligence.
What do you think?