FTX till it all fell apart! Catchy Fun Song

It's crazy right? Former FTX CEO Sam Bankman-Fried took out $1 billion in personal loans from one of his companies, Alameda Research. Earlier he transferred $10 billion of client money there from the FTX exchange. Sam Bankman-Fried also took half a billion "on credit" from Alameda for the company. The money was spent on houses in the Bahamas and sponsorship of the US Democratic Party. FTX also helped 'raise' money for Ukraine. All worthy of a spoof!

The new CEO of FTX, John Ray III: "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here."