Post By: CryptosHeadlines.com
The writer of “Rich Dad Poor Dad” includes Kevin O’Leary and CNBC’s Jim Cramer in a list of well-known investors who were deceived by former FTX CEO Sam Bankman-Fried.
The author of the popular book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has mentioned two well-known investors who were deceived by former FTX CEO Sam Bankman-Fried (SBF). Kiyosaki pointed out that SBF fooled Kevin O’Leary, also known as Mr. Wonderful from Shark Tank, and Jim Cramer, the host of CNBC’s Mad Money show.
Kiyosaki Criticizes Federal Reserve Chair and Treasury Secretary
Kiyosaki indirectly criticized Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen. In a tweet, he questioned whether SBF would deceive the jury in his ongoing trial, just as Powell and Yellen are deceiving the world.
He also expressed concern, asking if it’s time for people to wake up and hold them accountable for their financial incompetence, saying, “Our world is facing financial problems because of your financial mismanagement. Stay away from our money.”
It’s worth noting that Kiyosaki had previously shared his thoughts on the FTX situation. After the FTX exchange’s downfall last year, the well-known financial author compared Bankman-Fried to Bernie Madoff in the crypto world.
Kiyosaki’s comment came as a response to O’Leary and Cramer, who had referred to SBF as the Warren Buffett of crypto.
SBF Acknowledges Errors But Rejects Fraud Accusations
The trial of Bankman-Fried for fraud is currently ongoing in a Manhattan courthouse. During the trial, the former FTX CEO admitted to making mistakes, such as not having an adequate risk management team in place.
However, he denied the accusations of defrauding investors, as alleged by U.S. prosecutors. It’s important to note that SBF has pleaded not guilty to five conspiracy charges and two fraud charges.
Prosecutors claim that he used customers’ funds for his extravagant lifestyle and to make political donations exceeding $100 million. If found guilty, the FTX founder could face several decades in prison.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.