Oil Baron Scammed Out of BILLIONS

A billionaire got scammed three separate times in some of the biggest financial scandals in American history. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://moneywise.com/investing/investing-basics/protect-yourself-from-investing-scams

"Like a man struck by lightning three times, billionaire oil baron Robert Belfer has the dubious distinction of falling prey to Enron’s corruption, Bernie Madoff’s Ponzi scheme and the implosion of cryptocurrency exchange FTX.

To say this 87 year old is a financial fraud survivor is putting it mildly. Madoff took him for tens of millions. Kenneth Lay’s energy company drained him of billions. Now, as first reported in the Financial Times, Belfer stands to lose a total stake of $34.5 million in Sam Bankman-Fried’s crypto company.

Cold comfort, perhaps, but in every case Belfer was far from alone in losing a fortune. With FTX, other wealthy Americans like New England’s Patriots owner Robert Kraft and Tampa Bay Buccaneers quarterback Tom Brady have been sacked, if you will."

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