that the piece price on friday, and that's it from me and the new scene for now i'll have an update for you at the top of the on the go away due to your business is up next with chris. cool. but looking at how rising onto migrant sentiment and east germany, co tampa tends to attract workers from abroad were desperately needed and got alphas in berlin for me on the team. thanks for watching the sometimes the show, right. how that you out to the highlight for sure every week. not the, not the fast fashion as an environmental nightmare. a clothing graveyard image of land desert. this is where things wealthy industrial nations no longer need. and the lightest textile waste gets stranded here.

all about the final stuff in a global fashion industry. fast fashion. watch now on youtube, the the, the collect, the billions of dollars, but the money is gone. and now sand bank been freight is facing over 100 years in jail trial against the following crypto star starting we'll hear from our correspondence what impact the scandal has been having. and also coming as germany is celebrating 33 years of reunification. we take a look at how arising pants a migrant sentiment to the east of the country could have heard the country's attempts to who desperately needed workers from. oh,

of course cobra of welcome to the program. the trial of the former crypto billionaire san bank winfrey, it has begun to new york, the founder of the failed to real quick and see brokerage f. t. x faces 8 possible present term of more than 100 years. if he's convicted a federal fraud and money longer charger's case has brought fresh focus on the crypto industry, which has been plagued by a rafter high profile bankruptcies and question marks about risk to investors. prosecutors choose the 31 year old of stealing billions of investor dollars to fund everything from political donations to lavish, real estate purchase. yes, quarter is following this story for us in new york. yes, tell us what happened today. yeah. hey chris, i mean, it is definitely

a pretty high ranking case here in the united states. that actually is one of the biggest fraud cases financial 4 cases in the history of the united states to today . it starts with a jury elect the selection, and then the prosecution has about 3 or 4 weeks to present their case. the defense probably will take another one to 2 weeks to make their case. and i mean prosecution at the end of the day, they have to prove that that has been intend to but it is definitely a high ranking case. so that we're going to deal with was the next or roughly $6.00 to $6.00 weeks to, to months. yes, sam, back when freed is being accused of stealing billions of dollars from customers of a script to exchange. how exactly did he do that? according to prosecutors for us? yeah, well, i mean, of course we're talking roughly about $9000000000.00 that customer. some are missing, so some of the money is supposed to be as used by,

as i'm bank from free to for his personal lifestyle, about $210000000.00 for real estate projects in the, in the bahamas. but then also the offense affiliated and hedge fund, allow me to research. um, actually i also made some better bets on 2, couple of those. so some of the money from the customers got used for that. that's at least what the prosecution is saying. and they seems to have a pretty strong case because one of the witnesses is actually the ceo of alameda or research. she pleaded guilty a couple of months ago. and she also has been the ex girlfriend dealt i'm so i'm back when freaked against personally. how has the scandal been impacting the group, the world thing because to, well, i mean, if i look here at the united states, i mean, clearly was all the legal troubles was all the scandals send f t x and sent back been free. it has not been the only scandal in the crypto world in the past a couple of months that has shied away, some investors. but on the other side,

if i look at the crypt though, their currencies take a bitcoin for example, they have not really suffered. so obviously they're worldwide, there's still a lot of people investing heavily into the crypto world besides them all those scandals. we're talking about. yeah, it's cold in new york. thank. in germany a celebrating 33 years of reunification. but people living in the former east, germany continued to earn less than their peers in the west. last year, the average salary in the west was 58000 heroes compared to 45000 years in the east, according to the federal sophistic office. and the difference has been growing in recent years. and when we look at the unemployment rate, well, it is lower the west at 5.4 percent compared to 7.4 percent in the east last year as data from the federal employment agency shows. but that could change as tex giants like intel t as in c, and as a p set of more mites and german diseased,

and attempt to create more jobs. now work is needed to fill these vacancies are not always found in germany. in fact, the country needs skilled laborers, laborers from abroad as germany's population is ranking. at the same time, right, we populous parties see emigration as a threat. a sentiment particularly persistent in the east of the country. fatima dar bar hills from india a now runs a co working cafe in today's didn't she opened the place after feeling an easy with the rise of anti immigrant feelings in her city? i or says, will it go say it was really important for me that people who come from other countries could meet german locates here and integrate with them here says integrated world place in may attract torres from across the world. the city has a dark side populist for right parties are very popular here. the prevalence of

anti immigrant sentiment coincides with an increasing number of refugees in germany . many people feel overwhelmed seem to feel them. there are too many and our grandchildren will some day be the minority visual. i would actually send that back home. thanks it. stay in the own countries that have a different mentality. the anti immigrant sentiments are more widespread in the states located in former east germany. in the day of us when the german democratic republic, the g d. r, was less marked by immigration within the federal republic of germany, in west germany. that was a slow, a process of x and mitigation to migration that it was less immigration in the g. d a. and the few immigrants were isolated, you know, the, to fund. because i know there wasn't much of an opportunity to get used to immigration in east germany in boston by chance the when it came to us. but germany

needs skilled migrant child to the, as he is from pakistan and works for chip maker infinity. and he moved here for his studies and stayed 15 man for example, in my team, there are people from different countries like pakistan and india. nigeria ran to egypt, germany at bangladesh, or the that's how diverse my team is, the maintenance of the company recruits and supports international talents, infiniti and infiniti and doesn't perceive migration is a threat at all. on the contrary, we see migration has an enormous opportunity that makes us society more diverse. we get many ideas from other countries. we welcome that. and garcia, immigrants are not a threat to the country. that's a consensus among the majority of labor market experts. in the next 10 years, there will be a vast labor shortage. as baby boomers retire emigrants are needed to fill the gap

. the aging population will leave section in her co working cafe fox amount is working hard to make others feel at home. here, let's take a closer look at how germany is trying to attract workers from abroad and what might be hindering these attempts with ryan crop. he is the president of the holler institute for economic research. welcome to dw, how much migration does the german labor market? does germany need a lot a lot. um, if you look at the numbers uh the projections for the german labor market, then uh about one percent of the labor force surround about 400000 people will next to the pop the labor market. so those are huge numbers, so $400000.00 per year in the next 1015 years, which has to go with the,

with the high growth rates in the fifties and sixties. and, and so if you lose a algebra i'm, you know, germany put me in migration, that migration off a 1000000 medium and a half people because obviously people come with their families, kids, etc. they're not going to be available for the labor market. so we're talking about very, very large numbers which become even more problematic if you think that you know the surrounding countries around germany and many other countries in the world of similar problems. the question who is coming to germany has been on the minds of many people here in the country? why do you think that far right groups like the, the, the alternative in germany who are known for their anti migration attitude, find so many supporters, particularly in the east of the country. even 33 years after re unification. a waving basis, the very yeah, interesting coordination, of course,

if the shape of foreigners are very low, the impact phones and tremendous verify. so the higher the, the actual foreigners or immigrants. ringback the higher the share is, the more favorable the environment in east germany, this just simply historically much fewer far. but actually i do not think that at this point in time, the main reason for the resurgence of the a if the is migration. but it's more the perception that the current government consisting of, with the means, the liberals and, and the s p d are just not very capable. they're just not very capable in dealing with the admitted the many problems that germany have. and the i think it some general anti crime and government for more than and time recreation. busy the question who is coming to germany has been on the minds of many people here in the country?

why do you think that far right groups like the, the, the alternative in germany who are known for their anti migration attitude, find so many supporters, particularly in the east of the country. even 33 years after re unification. a waving basis, the very yeah, interesting coordination, of course, if the shape of foreigners are very low, the impact phones and tremendous verify. so the higher the, the actual foreigners or immigrants the higher the share is the more favorable the environment in east germany. this just simply, historically much fewer far. but actually i do not think that at this point in time, the main reason for the resurgence of the a if the is migration. but it's more the perception that the current government consisting of, with the means, the liberals and, and the s p

d are just not very capable. they're just not very capable in dealing with the admitted the many problems that germany has. and the i think it some general anti crime and government for more than and time recreation. busy and you can watch the entire conversation, whereas the hind cops on the dw youtube channel, that's a, that's our show for now. thanks for watching. i'm chris kolber on the line and have a successful day the

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the stop filming us plea from the perspectives stuff, october terms with us. i'm dw, and the, the .