Kevin O’Leary Reveals Why He’s Still Defending Sam Bankman-Fried (SBF)!
Kevin O’Leary Reveals Why He’s Still Defending Sam Bankman-Fried (SBF)!
On December 6th, Shark Tank’s Kevin O’Leary revealed in an interview with Yahoo Finance why he was still in support of FTX’s former CEO Sam Bankman-Fried despite all the criticisms made against him since the exchange’s bankruptcy.
Kevin O’Leary In His Defense Of SBF
Since late November, Bankman-Fried had done a number of different interviews in which he defended himself against criticism and accusations of fraud, claiming that he had no bad intentions and that FTX’s fall happened purely because of “bad accounting” and mistakes that he had made.
Despite these claims, many in the community including Binance CEO CZ and Coinbase CEO Brian Armstrong have heavily criticized SBF for these interviews, with both CEOs arguing that what SBF had done was clearly fraud.
However, Kevin O’Leary has since stepped up in defense of Sam Bankman-Fried, arguing that he believes that SBF could be telling the truth.
When asked why he still continued to defend SBF despite having lost millions in his investment in FTX, Kevin O’Leary explains that he views most people as “innocent until proven guilty,” arguing that there has yet to be any sufficient evidence to villainize SBF.
Shark Tank’s Kevin O’Leary defends SBF: “innocent until proven guilty, that’s what I believe” ‼️👇🏻@sbf_ftx @kevinolearytv #FTX #SBF #crypto #cryptocurrency #cryptonews pic.twitter.com/ym3cWy9AOJ
— Alpha Blocs (@TheAlphaBlocs) December 7, 2022
“I am of the group of people that says, ‘You’re innocent until proven guilty.’ That’s what I believe. And I want the facts. And so, if you tell me that you didn’t — you did or didn’t do something, I’m going to believe you until I find out it’s a falsehood.” O’Leary said in his Yahoo Finance interview.
Related: Sam Bankman-Fried (SBF) Hires High-Profile Attorney Mark Cohen
Wanting Audit & Proof
Kevin O’Leary then goes on to talk about how his biggest wish at the moment is to find clarity on what had happened to the lost money that he and other institutional investors have invested.
“What I want from them is total transparency,” O’Leary states.
When asked whether he thinks SBF will serve jail time for the reported fraud that he’s accused to have committed, Kevin O’Leary admits that he doesn’t know.
“The audit will determine it,” he says, “if there was nefarious activity, and he did break the law– or anybody else in there broke the law, they’ll face the full force of the law because there are a lot of people that are unhappy about this and I’m one of them.”
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