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Sam Bankman-Fried's 'convenient' arrest keeps things 'under wraps': Varney

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FOX Business host Stuart Varney argues Sam Bankman-Fried testimony would have revealed the true nature of a 30-year-old guy who ran a gigantic Ponzi scheme.
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STUART VARNEY: Reuters obtained a copy of what Bankman-Fried would have said in his opening statement if the hearing had taken place. 

The first line said: "I f’ed up."

He then goes on to blame his lawyers and the new CEO of the now bankrupt FTX. In other words, the loss of $8 billion was not criminal.

The SEC thinks otherwise. They say Bankman-Fried built a house of cards, using customer funds like his own personal piggy bank. He spent lavishly on real estate and made political donations, again with customer funds.
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