Wednesday, October 8, 2025

Latest

Jim Cramer Calls SBF A “Total Con Artist”

The energetic host of CNBC’s Mad Money isn’t exactly known for making good calls. But with the disgraced FTX founder and former CEO Sam Bankman-Fried, it seems an Inverse Cramer exception is in order.

Jim Cramer blasted SBF in an interview with CNBC anchor Andrew Ross Sorkin and shared some unfiltered thoughts. SBF, who’s currently on an apology tour, told Sorkin in his interview at the New York Times’ DealBook Summit that he “didn’t try to commit fraud on anyone,” attempting to deny personal responsibility.

“…Just a total con artist, disgusting, makes me sick,” Cramer said. “I think Sam whatever — I don’t even want to dignify his full name anymore — is just a con artist, as many of the people who talk about crypto believe coming on the show.”

At the DealBook Summit interview with Sorkin, SBF claimed that he “unknowingly commingled funds” between FTX and its sister company Alameda Research. It’s been reported that the former billionaire had secretly transferred $10 billion in FTX client funds to help keep Alameda afloat after its exposure to the Terra LUNA collapse. 

READ: Sam Bankman-Fried Admits FTX Issued Fake Bitcoin

Cramer was unconvinced by SBF’s attempts to explain himself and unmoved by his endless and pointless apologies.

“The con artist was just wild, he’s fabulous. Commingled, stole, but he was sorry,” Cramer said. “Stealers never say you’re sorry. I don’t care about ‘alleged’ anymore. I’m dropping the whole ‘alleged’ nonsense. I’m not being a journalist anymore when it comes to that guy. I’m not being ‘alleged.’ Okay?”

In a separate interview also on CNBC, Cramer did not mince his words.

“That guy is a clueless idiot,” he said. “Intent means nothing. Saying sorry means nothing. If you commingle, if you had no record keeping, those are against the law.”

“You were sloppy, you didn’t keep records —illegal — alright, so if you’re admitting to illegality, even though you think that you had no intent, the U.S. attorney does not care one wit about intent, but what the U.S. attorney cares about is: did you break the law,” the Mad Money host stressed.

On Sunday, SBF announced on Twitter that he is not done explaining and will testify before the US Congress, once he finishes “learning and reviewing what happened.”


Information for this briefing was found via Twitter, CNBC, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

FTX, Sam Bankman-Fried Under Regulatory Probe For Offering Unregistered Securities

FTX US and its founder Sam Bankman-Fried are being investigated by Texas’ securities commission for...

Tuesday, October 18, 2022, 11:42:00 AM

Former FTX In-House Lawyer Joins List Of Execs Turning On Sam Bankman-Fried

FTX’s former in-house lawyer Daniel Friedberg has helped US prosecutors in their investigation into the...

Thursday, January 5, 2023, 11:58:00 AM

Sam Bankman-Fried Is Reportedly Selling His Luxury Penthouse

The former FTX CEO Sam Bankman-Fried is rumored to be selling his luxury 12,000-square-foot penthouse...

Monday, November 14, 2022, 02:19:00 PM

FTX Creditors Unhappy With Receiving $16,781 Per Bitcoin Under Proposed Repayments

It turns out that some FTX creditors are unhappy with claims that they are being...

Saturday, February 3, 2024, 11:40:00 AM

Another One Bites The [FTX] Dust: Yield App Announces Liquidation Following Insolvency

Yield App, a cryptocurrency investment platform, has commenced insolvent liquidation proceedings following significant financial losses...

Wednesday, July 3, 2024, 12:39:00 PM