bernie madoff and sbf.ow did they manage to steal millions from investors before their luck ran out. isis is in a comeback. they are in full stride. hr mcmaste incredible progress but still in critical condition. brian: it's been a year and a half since president biden's disastrous withdrawal from afghanistan. and what many predicted has come through. many terrorists groups are springing up around the globe, especially isis. a guy with a machete slashed two officers in times square on new year's eve. authorities warned of a taliban attack, i should say al~qaeda. president biden's response sending crucial air marshals to bail out the crisis. joining us now to talk about this and so much more, general h.r. macmaster. is terror back? is islamic extremism back. >> i think so. what is keeping us safe is remaining engaged with these terrorist groups abroad. right before the pullout from iraq in 2010 president biden said al qaeda is a shadow of its former self. al qaeda had taken over territory the size of great b

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bernie madoff and sbf.ow did they manage to steal millions from investors before their luck ran out. isis is in a comeback. they are in full stride. hr mcmaste ♪ ♪ mom! mom! every day can be extraordinary with rich, creamy, delicious fage total yogurt. (vo) if you have thyroid eye disease and things are a no go because you keep seeing double, or...your bloodshot eyes have you seeing red, it might be time to discover another treatment option for thyroid eye disease, also known as t-e-d. to learn more, visit treatted.com that's “treat t-e-d dot com." incredible progress but still in critical condition. brian: it's been a year and a half since president biden's disastrous withdrawal from afghanistan. and what many predicted has come through. many terrorists groups are springing up around the globe, especially isis. a guy with a machete slashed two officers in times square on new year's eve. authorities warned of a taliban attack, i should say al~qaeda. president biden's response sending crucial air marshals to

bernie madoff and sbf.hey manage to steal millions from investors before their luck ran out. isis is in a comeback. they are in full stride. hr mcmaster reacts. lligent tech. courageous performance. discover a new world of possibilities in the all-new lexus rx. never lose your edge. [♪♪] jon: welcome to fox news live. kevin mccarthy is now house speaker and the california republican was at last able to secure the votes he needed to win the gavel on the 15th ballot just after midnight saturday. mccarthy agreed to give up some of the power he fought so hard to get. one concession is any single house member can make a motion to challenge his speakership. the buffalo bills will wear a special patch with the number 3 on to honor their team member todadamar hamlin. the team's safety is making incredible progress but still in critical condition. brian: it's been a year and a half since president biden's disastrous withdrawal from afghanistan. and what many predicted has come through. many terrorists groups are spr

a new netflix documentary says bernie madoff was taking millions of dollars in from criminals. deral reserve drug cartels tr. and when they all came knocking on bernie's door to have it back, he didn't have it. instead of paying up, the documentary says madoff pled guilty to 150 year prison sentence so he wouldn't get whacked. madoff just confessed said i did it said send me away. if madoff for years was able to get away with taking in mob money, drug money right under the nose of the feds, just imagine what's going on in crypto. the currency notorious with mobsters, sex traffickers and hackers. warren buffett's right-hand man calls it rat poison. >> dignity cur digital currencyt there that people say it's the next big thing what do you think? >> i think it's rat poison. put him down as undecided. >> jesse: the democrat party must love them some rat poison. sam mini madoff took millions in rat poison and fed it to joe biden. did drug money buy the democrats the senate? oh, just look for yourself. $41 million right into the democrats' dirty war chest. where did the stolen crypto

wanted to close out the transaction. >> that was an exclusive never-before-seen footage from bernie madoff'sumentary, "madoff: the monster of wall street." it is streaming on netflix today and joining us right now is the series director joe berlinger. good morning to you, joe nice to see you. congratulations on the film. >> good to see you. >> so much to talk to you about. the film itself as well as i would love to talk about what you make of what seems like -- we'll see whether it's a crime or not but what's going on with this ftx situation and sort of how that relates to all the work you've been doing on this. start with this, we just showed this deposition. it's the first time i had ever seen bernie madoff in prison on tape how did you get access to that >> yeah, it's incredible stuff he's very revealing and we got this material from the victims' attorney she was representing victims in the clawback actions she was against how the clawbacks were happening and she provided us with this incredible material that's never been seen before >> there's a number of never been seen before elements

his downfall is compared to bernie madoff. >> he federate poison to joe biden, did drug money buy the senate? 41 million into the democrat dirty war chest, where stolen kooip money come from? if we're learning anything from bernie madoff story, it is this is a lot of dirty stolen money and people are dying over it. the past few months, there has been a slew of crypto executives dropping dead. yeah. one died in his sleep, another from a helicopter crash and the other died drowning in puerto rico. is this coincidence? we don't know. if investors were cartels and vestors? he is in trouble and so are brokers who lost mob's money. miniis vegan, more worried about next lunch. >> todd: a lot qualifyies asked by jesse watters there. >> ashley: i wouldn't give my money to that guy. >> todd: tough to trace, it is crypto. >> ashley: makes no sense to me. house return without a speaker, kevin mccarthy losing three votes in a row. >> todd: weighing in on the drama and joe concha and dr. nicole sapphire here next. my name is ashley cortez and i'm the founder of the stay beautiful foundation when i

had to look into bernie madoff i know the s.e.c. had met a bunch of times with sbf. i don't know what types of specifics and oversights they were applying. i view this as a fraud, not a crypto problem at large. to your point, regulatory clarity globally is important. we're seeing a lot of countries. we're in davos it's clearly one of the countries leaning in the uk, japan, switzerland, sorry, singapore the u.s. is notably absent from the list and in some ways the regulators in the u.s. have added confusion to the crypto market. >> let's get a check-in with what's going on with that lawsuit and the s.e.c. and ripple are you planning to set well the s.e.c. >> well, we have always said we would love to settle but it requires one very, very, very important thing it's clear srp is not a security. the s.e.c. and gary gentzler has very outwardly said he views almost all crypto as a security and that leaves very little room for a settlement the case is now briefly before the judge. the judges take however long the judges will take we're optimistic this will be resolved in 20

bernie madoff embezzled, 14 billion was actually retrieved with the customers.an-fried, a lot of money he stole from customers and gave to alameda research was thrown out the window. and risky bets in failing companies or crypto currencies. we see on a percentage basis, a whole lot less money retrieved. stuart: how far back will they go to clawback? your customer of ftx, you made some money, took your money out, regulators could clawback the gain, before it fell to pieces. just as they did with the made off case. >> they might be able to try to do that, ill-gotten gains in the system. with what sam bankman-fried did, spend money on things that are completely worthless and insolvent. that's the lions share of the money, the stolen customer accounts over to alameda research which is a hedge fund, they threw the money away. a lot of the money vanished into thin air which is how i describe crypto currency to begin with, it's not based on anything but thin air. stuart: is he going to jail? >> absolutely. there is no such thing as a slamdunk case but this is as close

in traditional financial services you see bad actors as well like bernie madoff or what happened at enron terms of regulation i don't think it will be a bad thing. coinbase has been calling for clear regulation and trying to work with policymakers for quite a while. we have made some progress across various g20 countries. it will serve as a wake-up call and a moment of catalyst where we will get more clear regulation in the united states, and i think that will be a good thing for coinbase and the industry. david: for your company and people who are clients of coinbase, you reassure them i assume regularly or they can find out for sure if their account is managed the way it is supposed to. it is not being used for some additional purpose, is that right? brian: that is right. we are very different from what happened with ftx. for one thing, coinbase is based right here in the united states. we did not incorporate in an offshore jurisdiction like the bahamas. we are also a public company. which means we need to meet all of the audit requirements of a public company. so we show in our publicl

the only other comparison out there is the bernie madoff trial.d a similar task force and similar commitment from the prosecutors there. >> going to be an interesting several months regarding this case, which has stemmed right here in the bay area. >>> up next, a live look at the bay bridge. yoyou go by lolots of titltl. veteraran, dad, hahair stylis. so a adding a ststudent title might feelel daunting.g. nanational uniniversity isis e to supupport all y your title. nationonal universrsity. supppporting thehe whole you. >>> all right. take a look. a lot of people heading to the grocery store, stocking up ahead of these incoming storms. this is the trader joe's in oakland this afternoon. that's quite a crowd. they had some empty shelves there. we're hearing similar stories from other grocery stores around the bay area. jeff ranieri is back with us. that is something pretty smart. stock up before it's hard to travel around. you don't want to be on the roads. >> that's exactly right. we're looking at three different storms as we move through the next

so i think -- 14 years ago this week, bernie madoff was charged and arrested with operating the largest >> three points of light to make. first of all, we are going to detail the sources and uses and what happened to all the funds. that will tell us exactly how the losses were incurred. some of those may be lessons learned, some of those will just frankly payments that were made from other people's money. >> just going back to my question mystery, the circumstances that led to ftx's collapse, do those housing ownership's in the secondary markets, and they were frauds, and fraudulent actors. but it didn't mean we didn't want to invest in railroads in the united states for the history of the country. and it doesn't mean we don't need a vigorous vigorous single family housing market in the country. let's not confuse the disgusting activity of ftx with the fact we need a proper, thoughtful, regulatory oversight's of digital assets. so i think -- 14 years ago this week, bernie madoff was charged and arrested with operating the largest ponzi scream in american history. -- lead to major reform

. >> there was fraud bernie madoff had hedge fund ponzi scheme collapse we didn't nell say we need newulation there is danger kind of overcorrect something that is like well, no, there are laws about that clear regulations. what is interesting being in davos, is you see a much more global picture, and crypto regulation a lot of countries around the recalled would is clear it is specific, governments have done work to codify to encourage entrepreneurship investment into that u.s. frankly is behind other countries talking about small countries uk, japan in this switzerland, singapore uae, so a pretty long list has done work getting ahead of u.s. to i think u.s.'s detriment. >> look at use of bitcoin in some areas, where it is allowed people who couldn't even get banked to get and become part of the banking situation. >> one of the great promises early days of crypto to reach the unbanked around financial inclusion i think some promises are still there the thy i know definitively technologies, whether talking about different crypto xrp one ripple uses they reduce estimate costs increase t

what it ends up involving usually the guy who is at the head of the fraud like take a bernie madoff typen empty bag by the time he gets caught. almost nothing left. sbf says he has $1 hundred thousand in his bank account. what this litigation involved who would the people who benefited at the early phases of the fraud and the people who lost their shirts usually litigate against those people. it can be drawn out for a number of years. >> bill: just the beginning. nice to sigh. happy new year. we'll rely on you this year. we need your big brain. >> dana: before we go. >> bill: flagstaff, arizona doesn't get too much snow during the winter. it does, actually, yeah. when the city got several inches over the new year's these two dogs could not contain their excitement. you couldn't keep them in the house. they wanted to find out what the white stuff is all about. >> dana: can you imagine what could exercise that is? >> deepak chopra would love that moment. a moment of joy. >> dana: happy new year. "the faulkner focus" is up next. here she is. >> harris: it was a game and then it was the most

when you go through a list of the great liars in history -- benedict arnold, richard nixon, bernie madofffelicity huffman -- [ laughter ] the vast majority have been straight. and that's not inclusive. we all lie. lying is built into the gay experience. as a teenager, i told people i admired ryan phillippe because of his performance in "gosford park." [ laughter ] what i meant was, ryan phillippe's abs in "i know what you did last summer" made me wish i was the thing he did last summer. [ laughter ] [ cheers and applause ] here's george santos in drag. what? is that on his head? [ laughter ] that's a wig you buy to evade police. [ laughter ] they say he went by the name kitara ravash, which in portuguese means "slutty power rangers villain." [ laughter ] he's also a trailblazer, literally. here he is blazing a trail past reporters. with the help from, i believe, a cast member from "glee." [ laughter ] and his lies are so shockingly blatant. what kind of a psychotic banana brain would claim to have appeared on "hannah montana" and "the sweet life of zach and cody"? it's so brazen you almos

many people consider him bernie madoff.ion is complicated because you have politicians that he and other executives have donated to and a whole lot of celebrities including steph curry, tom brady, who are very tangled in this company. >> while i have you, can you give us the headlines. we're expecting the president to speak about that any minute now. >> expect that the president will be smiling and saying we're on the road to recovery because we are. the report shows that inflation is dropping from where we were last summer. and one of the biggest drivers has been gas prices. gas prices are now lower today than where they were a year ago. food, as you know from going to the grocery store or out to eat, still quite expensive. but we're starting to see that slow a bit. the thing that sticks out that's just very expensive for us is rent. rent continues to be very high. remember 40% of what we spend our money on. so you're going to see the president say we are not out of the woods, but we're moving in the right direction. the f

the demise of ftx in alameda represent the most spectacular corporate downfall since bernie madoff's ponzi scheme imploded in the wake of the great financial crisis. it is capture the nation's attention. like madoff, ftx and alameda owen or ms. summers to supposedly sophisticated investors. such as venture capital firms and hedge funds. and unlike made off, they also a lot of money to regular people. however, the carnage of ftx is far more widespread. made off to fraudit some 37,000 clients. ftx claims 32 times that amount in the u. s. alone. according to ftx, some 1. 2 million retail traders, aka regular folks, and 5 million worldwide have lost access to the money they interested to ftx. it is unclear when if ever they will get any of that money back. the harm to those consumers i would prefer the term investors is the second reason we are here today. it is fitting that i am here. for those people are the focus of my attention. i believe they and the estimated 40 million other americans who have invested in cryptocurrency have been sold a bill of goods. they have been lied to in a wa

that's where the problem comes in you remember the bernie madoff case. he collapsed. billions lost. with madoff. taken their money out and made a profit. they went after them. they tried to claw back money from them loads of people bankrupted they thought they made legitimate investment. got out took their. later on you were handed money that was stolen money. given it back. >> even though they didn't know that at the time. what is interesting now people running ftx trying to cooperate with authorities and whatnot. one of the things they are doing trying to claw back all those political donations. >> right. >> steve: it will be curious whether plainly democrats by a vast majority who got the mope, whether or not they will give the money back because that money then will go to the many -- the million people who were screwed. >> there's also a great deal of money that went out to leftist causes which went out from sam bankman-fried or his parents, i should say. maybe that has to be clawed back as well. how do you get it back in the only winners in this are requesting to be the lawyers

. >> we should point out during the madoff scandal bernie madoff managed money for many charities. managed money for a lot of people that is sort of the real, one of the tragedies here and we're going to hone in a little bit today on one charity. it was a fascinating thing that he did. it was called hackathon. it was for underprivileged students in broward county where they did a shark tank like event. it was kind of a competition where they tried to come up with computerized solutions via computer programing for various problems. kevin o'leary was one of judges. david ortiz was one of the judges. whitney cumming was one of judges. for all told we gather, we have calls out to broward county school board because they were in partnership with ftx, there was 10 of them, about a million plus dollars. these kids are in college, come from underprivileged backgrounds. liz: the money is probably spent. >> probably spent. according to bankruptcy attorneys we talked to they might have to give the money back. this is where it is getting really, really scary. if these kids could claw back mone

so i think -- 14 years ago this week, bernie madoff was charged and arrested with operating the largest ponzi scream in american history. -- lead to major reforms at the securities and exchange commission under oversight. bankman-fried was arrested in the bahamas last night, and in many, ways the fall of ftx dwarfs that of bernie madoff -- over 1 million creditors or somewhere in the lurch in the ftx silo. americans were hurt, and i want everyone listening to know, that this is just the first step that congress is taking an understanding what happened and how to create the appropriate regulatory environment. we want to understand the events and decisions that led to the collapse and the impacts on our customers and other market persistence cuts and how to prevent it from happening again. thank you mr. ray for stepping up in your leadership capacity. -- their website says there are the first ever cpa firm in the metaverse. so, looking at their website, they have 24 offices, 600 staff, 100 partners, principally in california, new york, and new jersey. you stated you are not familiar with

from bernie madoff to enron it looks like this will go down as one of the largest frauds in history. mr. ray, you are in a unique perspective on the fact you have worked on the enron bankruptcy. i would be interested real quick if you talk a little bit real quick about how it compares. you got cut off in the early time. i would like to hear about that. mr. ray: enron was a really different company. crimes that were committed there were highly orchestrated, financial machinations, by highly sophisticated people. to keep transactions off balance sheets. this is really old-fashioned embezzlement. this is just taking money from customers and using it for your own purpose. not sophisticated at all. sophisticated perhaps in the way they were able to hide it from people. frankly right in front of their eyes. this isn't sophisticated whatsoever. this is just plain old embezzlement. mr. williams: old school. mr. ray: old school. mr. williams: there you go. it seems like fried had some interesting ideas how he can stay relevant in the f.t.x. world. even after stealing customers' money and driv

next, former bernie mayoff attorney -- madoff attorney ira lee sorkin on how that impacts sbf's charm offensive as he continues to try to make his case on social media? if of all places, when you're facing fraud charges. 48 minutes before the closing bell ring. "the claman countdown" will be back, stay with us.ia ♪ te doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mama. through personalized money management that can evolve with new chapters. and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk. so you can enjoy moments together. because doors were meant to be opened. wait... do you use singlecare? no, i have insurance. oh singlecare can actually beat your co-pay. singlecare can also beat the price of your medicare plan. you mean our medicare plan? damn you too much sun! check the singlecare price today! as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. fle

even though the founder of hindenburg is associated with analysts who uncovered the bernie madoff scamnds very traumatic and nationalistic. i do have to say that, in our, they are kind of right. because what happened was that last year as global investors fled china for the china drama, they went to india, with also a population of 1.4 billion, except the people are younger than the growth prospects brighter. now hindenburg research is calling to question india's corporate governance and the fact that indian stocks are really, really expensive. india's benchmark index trades at over 20x earnings. china is trading at just over 10x. rishaad: let's talk about the only asian conglomerate here with -- lisa hindenburg saying, 85% decline for adani? based on others -- h&a and evergrande as well -- su: make this work? david: make this work? whether it is true or not, are these good candidates? shuli: given how little flow there is we have seen that with evergrande. it will float. free flow. and then they also use the offshore vehicles that secretively bought into whatever public flow there is

obviously, obviously, you know, you don't see this every day you didn't see elizabeth holmes or bernie madoffe much lower-grade controversies talk for hours about their experience it was unusual. >> what do you think explains that obviously sam has been more willing to speak i don't know if you think it's strategic. i don't know if you think it's something. what do you crack it up to be? >> i think everybody wants to talk fundamentally, right, and we as reporters get to be a fly on the wall and sometimes the incentive is where they want to talk and there's a therapy element to it. but, look, ultimately he believes the crisis playbook that we've seen over the last century is too conservative. people are too focused on winning a legal fight, a year or a decade down the line and are willing to sacrifice losing the public relations war in the intervening months and years so that's -- that is the strategy, if there is one, andrew, is this belief that, hey, you know, maybe the lawyers are wrong. >> what was your biggest lesson in this? was there something that -- i read the piece -- i literally pro