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Crypto Revolution: How Bankman-Fried Brought Bernie Madoff's Ponzi Scheme Into the Crypto World
Episode 371st March 2023 • IAFCI Presents... The Protectors •
00:00:00 00:35:28

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Ponzi schemes have been around since 1920.  But Sam Bankman-Fried weaponized Ponzi schemes into the 21st Century.  An old scheme perpetrated through cryptocurrency leaves the world with 5 billion in losses.  How did it happen, and how do we prevent it from happening again?

Today on The Protectors, Mike and Mark welcome Michael Fasanello.  Michael is a private sector compliance professional and former Federal Regulator specializing in Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), global sanctions, and other illicit finance.  Michael's knowledge and expertise in the field of crypto and digital currencies are unmatched, and today he provides us with the ins and outs as well as the pros and cons of living in this era of digital currency. Mike will examine the FTX investigation and shed new light on how we can prevent future cryptocurrency Ponzi schemes from happening again.


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