Anthony Scaramucci, founder of SkyBridge Capital, recently spoke about his early impressions of Sam Bankman-Fried, the founder of FTX who is currently on trial for fraud. Scaramucci initially admired Bankman-Fried’s vision for a next-generation financial exchange and was impressed by his intelligence and perceived altruism. He trusted Bankman-Fried and even sold a piece of his business to him, making high-profile introductions for him as well. However, Scaramucci’s trust was shattered when he traveled to the Bahamas to meet with Bankman-Fried and realized the magnitude of the trouble FTX was in. Scaramucci later appeared on CNBC to apologize to investors for his error in judgment and announced that SkyBridge Capital would attempt to buy back its equity stake from FTX. Bankman-Fried is currently on trial for fraud in the Southern District of New York.

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Information	Details
Geography	Middle East
Countries	🇧🇸
Sentiment	negative
Relevance Score	1
People	Anthony Scaramucci, Sam Bankman-Fried
Companies	Middle East, CNBC, FTX, SkyBridge Capital, Southern District of New York
Currencies	HairyPlotterFTX
Securities	None