Former FTX investor and 'Shark Tank' personality Kevin O'Leary discusses the investigation into disgraced FTX founder Sam Bankman-Fried on 'The Claman Countdown.'
"I still believe that great entrepreneurs are ones that have experienced catastrophic failure," he said. "I don't like looking like a fool, but I lose money eight out of ten times."
"I've known for the last 14 years in the context of ‘Shark Tank’ and all the best thing I do outside of ‘Shark Tank.’ I actually invest in many entrepreneurs that have had catastrophic failures once, twice, even three times because they learned so much from that," O'Leary added. "But obviously not if you are charged by the federal government.
Kevin O'Leary, chairman of O'shares ETFs for O'Leary Funds Management LP, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing on FTX in Washington, DC, US, on Wednesday, Dec. 14, 2022. US prosecutors in Manhattan yesterday re"On an institutional level, that's not where the narrative is anymore. The narrative now on this case is around recovery," O'Leary said.domestically and in places like the Caribbean Islands.
"If any of this is true, we as investors, not only in the equity, but those are account holders like me and millions of others, it's time to show that data to us because you don't you don't have to give it back to us right now. But why not turn the account back on so we can see the records?" O'Leary asked.
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