Wolf of Wall Street' says Sam Bankman-Fried should 'shut up and listen to his lawyers'
after he was accused of defrauding his investors. Belfort called the arrest "shocking" because the former crypto CEO was about to testify before Congress and "spill his guts." Belfort, who was guilty of crimes related to stock-market manipulation and rose to fame after actor Leonardo DiCaprio played him in the movie "The Wolf of Wall Street," also asked if "there was any pressure put on" Bankman-Fried "by the Biden DOJ.
But Belfort explained that FTX’s financial records will reveal the true extent of fraud at the company. "You have no way of knowing how much fraud someone is committing unless you can look inside their books," he explained. " lifestyle in the Bahamas and enjoying a $40 million penthouse before his crypto empire disintegrated. He also famously engaged in a form of investing called "effective altruism" and told the media that he planned on giving most of his wealth away to make the world a better place.
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