they thought we are making so much money with bernie madoff.o we'll gladly pay bobby bowe, you know for an eternity not realizing that madoff had a ponzi scheme and they lost all their money that way and still have to give money to bobby bonney. it's about my guy, you know, the story is crazy. it is crazy that whoever his agent is i mean, yeah did a great job. i guess really explain the math to me though. how does buying out of 5.9 million dollars, you know. right ends up being 1.2 million each year until whatever so they thought if they took the 5.9 that they owed him and gave it to bernie madoff to invest they would make way more than the 1.2 that they're paying bonilla every year like they were thinking that's going to be a hundred million dollars. this is a great deal for us because we're paying a little over a million every year and you get it? yeah. okay. i get it on z math. thank you very much. i'm happy. i'm that's my specialty again. no soul. yeah in a few days you guys san jose is joey chestnut will try to win the nathan's famous four

bankruptcy of celsius and voyager with crypto overall, which is like equating bernie made off -- bernie madoffe stock industry overall. it doesn't make sense. unfortunately it has taught people what people in the crypto industry have known for a long time, not your keys, not your coins. one of the great inventions you can actually hold onto your assets so run on the bank is impossible. if you just go into a system where you give somebody else your money and ask them to manage it for you, all kinds of things can happen. >> you are a formal -- former apple music executive. i'm curious about the relationship between music and crypto. are there any lessons you learned in your former life that you are applying to crypto security? >> definitely. i left college in 1995 to go on tour with the beastie boys. i worked at lvmh for five years. my background is computer science but if i learned nothing about marketing with those geniuses, i would be pretty stupid. how do we take a brand like this and bring it into culture? that is one thing we are trying to do. with respect to music specifically, music is 9

so 25 year period the mets were heavily invested in the bernie madoff ponzi scheme. thought we're gonna pay off this contract. easily they wanted the 5.9 in hand to give to bernie who was going to make them. jobs and carbs and gobs of money except that was a ponzi scheme. they lost all their money, but still have to keep paying bobby bonilla. if it's too good to be true probably is yeah. good lesson there. yeah. alright. thanks, larry. all right coming up tonight on abc 78. it's shark tank followed by 2020 at 9 then don't miss abc 7 news at 11. and our latest streaming special 50 blocks stories from the tenderloin starts right after our newscast ends, if you're not streaming us download or open up the abc 7 bay area streaming tv app to check out the special that's it for this edition of abc 7 news. i'm karina nova and i'm on dates for spencer christian larry beale the entire abc 7 news team. thank you for joining us. we'll hope to see you again tonight at 11. tonight at 11. i was hit by a car and needed help. tonight at 11. i called the barnes firm. that was the best

that's going to impact the things you're investing, that's like the greatest scam in the history -- bernie madoffwould have traded his position and had his firm for being able to do it it's patently obvious. people, we meet people in congress that understand the business world they don't i watch them they've ability to trade stock, and they're the most financially illiterate group of people that i've ever seen for the most part so that hasn't helped. so i'm actually, i i think i might be with andrew on this one. if you're making laws about semi-conductors and able to buy stocks in the semi-conductor business >> let's say they were to require a 30-day lag in notice if an individual member was putting in a committee markup and they want to go buy stock in a company that is going to be subject to this new legislation, let's have that notice, let's have that individual who serves in congress on that committee submit notice and let the public see. let'em see >> why complicate the matter at all, give than we can just say, look, if you want to buy etfs and mutual funds, go for it. those are the restrict

if it wasn't for the endowment or big sports program we would say, that is worse than anything bernie madoffwindow addressing of college athletics to maintain affinity to the school. website again? >> collegescam.com. pete: where you consider sending your most precious resource. turning point, i will be there 11:00 today. it is all streaming live on "fox nation." we're always honored to be part of it. i think the most important youth movement in the country. >> will live for generations to come. pete: thank you for leaving a legacy, charlie. there we go, kaylee mcenany access live. breaking news on all the specials. don't miss a moment. coming up exclusive videos of families with small children being rescued as they make a dangerous trek across the border. texas department of public safety lieutenant chris olivera joins us live next. and he just had amazing energy. it looks like nutritious food, and it is. i'm investing in my dog's health and happiness. get started at longlivedogs.com i'm investing in my dog's health and happiness. before discovering nexium 24hr to treat her frequent heartbu