Kevin O'Leary just lied in front of the Senate - A felony offence. He said "Binance intentionally put FTX out of business" - total falsehood. SBF stole users deposits and paid Kevin O'Leary $15 M to act as his spokesperson

Kevin O Leary just lied in front of the Senate, with the whole world watching.

Here is his testimony under oath where he said this to the question "Why did FTX fail": https://twitter.com/Benzinga/status/1603076399593844736

Lets get this straight - he said FTX didnt fail because of fraud, laundering user deposits into personal accounts or into their own hedge fund to make risky trades, bought expensive condos with customer deposits and just ran the most incompetent bucketshop ever possible etc, but because "Binance put FTX out of business"

In stark contrast, the main bankruptcy professional and new FTX CEO John Ray told the House yesterday that FTX collapse was the result of old fashioned fraud. He was asked if Binance caused this, he flatly said NO.

In the testimony to House, he was asked by Rep Gonzalez (at time 2:43:30),

Rep Gonzalez: One of the things in Mr. Bankman-fried's testimony that has leaked, that wasn't submitted, is he spends time talking about Binance and how Binance created a run on the bank, suggesting that, had that not occurred, FTX was solvent and would have been just fine. Prior to that episode -- is it your belief that FTX was solvent?

Mr. John Ray: NO

You can listen to the testimony here and forward to the time mentioned above. https://www.youtube.com/watch?v=1ObdFaUL7nc&t=9795s

Also this entire testimony of John Ray pretty much outlines how SBF was running a fraudulent shop for months. John who has now assumed control of FTX and is in an authoritative position to tell us what went wrong at FTX quite simply states the whole enterprise was a fraud. The DoJ, SEC and CFTC have already filed charges against SBF, but here we have Kevin O'Leary telling the Senate that SBF is innocent but its Binance put FTX out of business.

Whats really dangerous is that Kevin knows this is not true, yet goes onto Senate to state lies under oath. He has worked his entire career in finance. He knows that John Ray has the best knowledge to put together what happened at FTX. He knows investigations of multiple agencies have put the blame on SBF. Yet he goes and tries to whitewash SBF's crimes.

Kevin O'Leary is a conman, who last week even said he would continue to do business with SBF. This week SBF got arrested, yet Kevin is still lying to the Senate. He got paid $15 M to be a shill for SBF. Its a shameful joke that he was even called up to testify in this issue. Its like inviting Ted Bundy's spokesperson to the Senate so that he can whitewash his crimes. Such actions dont make Ted Bundy or SBF look any better, but it just diminishes the respect of the Senate as an institution.

This guy deserves to be in the same cell as SBF. Every penny paid by SBF to this fraudster must be clawed back to make FTX depositors whole.