Anthony Scaramucci spoke about friend and business partner Sam Bankman-Fried on Squawk Box Friday morning.
"I don't want to call it fraud at this moment because that's actually a legal term," Scaramucci said. "I would implore Sam and his family to tell the truth to their investors, get to the bottom of it."that he is "sorry," admitting that he "f---ed up" and "should have done better."
Scaramucci speculated that Bankman-Fried could have made mistakes in the throes of the crypto bear market, specifically when"When Three Arrows went down, it could be possible, Andrew, that Sam had difficulty then, and then he made some decisions that turned out to be disastrous for him and both sides of this business," he said Friday, speaking to CNBC's Andrew Ross Sorkin.
after conducting due diligence and the news "regarding mishandled customer funds and alleged US agency investigations." "Duped I guess is the right word, but I am very disappointed because I do like Sam," Scaramucci continued. "I don't know what happened because I was not an insider at FTX."
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