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‘The Wolf of Wall Street’ J. Belfort Labels FTX a ‘Frat House’, Says Collapse Was Premeditated

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Former stockbroker, commonly known as the “Wolf of Wall Street,” Jordan Belfort, has shared his opinion on the collapse of the FTX crypto exchange and the role played by its founder Sam Bankman-Fried. 

According to Belfort, after observing the conduct of FTX’s former CEO, he believes the collapse was likely premeditated, he said during an interview with Fox News on November 17. 

At the same time, Belfort labeled Bankman-Fried as a sociopath as he faces allegations of misappropriation of customer funds while warning that the FTX business model might have been a pump and dump scheme. 

“The guy is a sociopath. I mean, he’s insane. He is now basically saying the whole thing was a giant virtue signal, and all that matters is if, at the end, whoever has the most money at the end wins. He is going to get the book thrown at it eventually, but this goes much deeper than we’re seeing right now. I mean, this is a premeditated thing for sure,” Belfort said. 

(By Paul L.)

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