terry duffy could see through him in a second.ou how out of this all these politicians and regulators are. >> i hope i'm wrong on this and this is pure speculation, maybe he's counting on favorable -- a pardon from the biden white house in the future. who knows? i'm just saying, maybe he's not all that worried about it. hope it doesn't happen, but we've seen the american justice system turned upside down. just like the fbi, you know, playing footsy with twitter and should be out there policing real crimes and going off thought crimes. not a lot of seriousness at the top levels of the government right now and that leads to cynicism unfortunately. david: by the way, do you think the republican's congress -- obviously they want to put this on the agenda for the investigation and investigating what happened at ftx and whether or not he used political money as payoffs in order to avoid prosecution. think they'll get to the bottom of it? >> not in this congress, of course, because -- david: no, no, the next one. >> he was arrested the d

terry duffy said this thing right from the beginning was fraudulent. he used money to invest for himself. he gave his girlfriend money, alameda. why is she not a codefendant? why? maybe because they're trying to get her to testify. you know what, i don't think they need her to testify. he gave money to her. that money is gone. explain what you did with that money. you've got two at the top. you don't need anyone else as far as i'm concerned. there were political contributions, buying out the bahamas, the real estate. you know, the whole smell of it just stinks. in the end, there will be a conviction. he will spend his life in jail. shame on him and his parents who knew so much more. >> interesting, jessica, about the parents, the parents said they were worried his legal fees will wipe them out. the kid -- well, not a kid. he's a man. their child defrauded all these people and wiped them out. >> potentially there's a big mansion he bought for them in the bahamas that they say they don't know anything about. he was probably taking them for a ride, the sa

we go back to terry duffy in march at a hearing where he was pressing ro khanna on the issue and ro khanna said -- >> duffy knew, and the commodities futures trading commission is part of the division that's charging this guy. anybody who was into any kind of commodity trading or any trading of any sort knew it was a fraud. but the people in congress were going along with this guy because of the fact that they were getting paid off. and as the guy said, the new ceo says there was co-mingling of funds, no distinction between alameda, spending money on the politicians, means people who thought their money was safe with this guy had their personal money going to politicians that they may not have supported. i mean, that's extraordinary. >> sandra: silence of politicians and celebrities, by the way, also after his arrest, how about tom brady, giselle, alongside him pushing this. >> crickets, crickets. >> i'm not sticking up for them but also don't think they necessarily understood what was happening here. >> sandra: saying something would be good then. >> to say something would be good. >> san

we have democrats that were challenging terry duffy who runs the cme group who says i met the guy, he'sraud and you had democrats like ro khanna challenging him on that. why is that? jonathan turley was on the program yesterday and said it's a very key question, listen. >> this is the first time in my memory that prosecutors rather than defense attorney stopped someone from making self-incriminating statements. this was a windfall opportunity for the prosecutors. he was willing to go forward with hours of rather hostile cross examination on every detail in the case. why wouldn't you want that to happen? that's all admissible. >> sandra: it's boggling. >> it is boggling and unfortunately i think when we are talking about whether it's a scam or defrauding, this is a risk within the cryptoworld. look, we know a lot of crypto is used for nonlegal purposes, it's a way to bypass using regular currency and banks. and so when you are within this world and particularly creating new tokens off of questionable tokens to begin with, you have to know that you are going into this with a very high ris

david: terry duffy from the chicago merc, he's been involved with one of major mercantile exchanges in saw that this guy was a phony when he looked at him, talked to him, interview ised him. why didn't anybody inside washington? are they just total ignoramuses when it comes to financial information that they were getting from him? pleasure. >> i think it's a easy to blame lawmakers. lawmakers have to consider a plethora of issues, not just one sort of element of, you know, financial services or crypto or a component of economy. so, you know, they sort of get a pass for not being experts on it, but i think what we want, what we did sort of hear is we sort of deified someone we thought was really innovating when it was really a wolf in sheep's clothing. david: was it innovation or the money the politicians were getting? >> i think it was the potential for votes. [laughter] basically, everyone wants to rise up, be a ship on a rising tide, and now that the opposite has happened, everyone wants to skewer sbf in the seats. david: yeah. >> and i think lift part is -- difficult part is that th

i'm sure you've heard me or others reference terry duffy, head of the largest derivatives exchange in the world. he said in march he called him a fraud to his face. there were red flags everywhere. there wasn't anybody asking questions. when it comes to the sdny and the fed here, they missed this. >> martha: absolutely. >> sandra: they shouldn't be patting each other on the back. there were red flags. there was no money there. there was no there-there with this scheme. >> martha: the fact that this is crypto that we're dealing with as you said is really irrelevant. these were real investment dollars. millions of real investment dollars, jacqui, that were given to this investment. the fact that these are traded in the u.s. system with what it looks like next to no regulation and no ability to -- meanwhile, he's pouring money into democrat's pockets. who dropped the ball here? >> you wonder why it took so lock. why he didn't testify today. why he's sat down with "the new york times" and denied that he knew anything happened, pointed the finger at everybody else in the organization when

. >> sandra: there were red flags, we know for sure, we have rolled tape on terry duffy, head of the largest exchange in the world in march saying he knew this guy was a fraud, pointing out there's no way he could be conducting business in a way that would pass any regulator, and still this was allowed to go on, and congressman, why were these funds co-mingled, alleged profits co-mingled with donations to politicians. >> you have a whole host of questions. internal corporate controls of ftx are horrific, and see the court appointed ceo walk through and say it's worse than enron, that speaks volumes. we have questions as to why they are outside the united states, why are regulators asleep at the wheel and don't have accountability in washington under one party democratic control. >> sandra: a lot of people are pretty surprised with what they just heard there and wonder if the regulators are on it. i don't know if anybody got warn and fuzzy by watching that news conference. thank you very much, appreciate you staying with us. thank you. >> john: bring back in jonathan turley, george wa

just saying members of congress there were a lot of people that identified this man of fraud -- terry duffy called him a fraud to his face. he warneded members of congress including ro khanna of california who challenged him on that. >> martha: and with receiving donations. $40 million. he also gave money to republican candidates as well. we've seen this play before, right? all of a sudden congress goes we're going to regulate you, we're going to come down on you and keep your attention over here and not to the fact that we took money from this guy. >> it's not even that. there's a potential crime here. the u.s. attorneys -- >> martha: extradite her. why haven't they been extradited? >> i've been asking. they're not telling me. >> thank you. great to see you both. >> thank you. >> martha: coming up, we'll speak with the father of one of the murderedest university of idaho students. kaylee goncalves. he said he takes comfort knowing that his daughter died alongside maddie mogen. they had been best friends for a decade. i'll speak with him in a moment live. >> it's ashame. it hurts. the beaut

we had terry duffy on, the ceo of cme group last year they did a ten-year deal with google cloud rememberhat? if you're trying to increase efficiencies and all these sords of things, cme has 24-hour trading. these guys, 4.5 billion messages it needs to have a certain sense resiliency. good for them. >>> up next, final trade researchers believe the first person to live to 150 has already been born. it could be you! wow. really? of course, you'll have to eat your greens, watch your stress, wear sunscreen... but to live to 150, we're developing solutions that help doctors listen to your heartbeat while they're miles away, or ai that knows what your body will do before you do. cool. introducing elevance health. where health can go. another busy day? introducing elevance health. of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both.