The author of Rich Dad Poor Dad lists Kevin O’Leary and CNBC’s Jim Cramer among the famous investors fooled by former FTX CEO Sam Bankman-Fried.
Robert Kiyosaki, the author of the best-selling book ‘Rich Dad Poor Dad,’ has taken to X to list two famous investors that former FTX CEO Sam Bankman-Fried (SBF) fooled.
According to Kiyosaki, the embattled FTX founder fooled Kevin O’Leary (also known as Mr. Wonderful) and CNBC’s Mad Money host Jim Cramer.
“SAM BANKMAN FRIED fooled some of the most famous investors in the world, investors such as Shark Tank’s Mr. Wonderful, Kevin O’Leary & CNBC Jim Kramer,” Kiyosaki noted.
Kiyosaki Slams Fed Chair and Treasury Secretary
Furthermore, Kiyosaki took an indirect jab at Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen.
In the tweet, Kiyosaki pondered on whether SBF will make a fool of the jury in his ongoing trial the same way Powell and Yellen are fooling the world.
“Are we a ship of fools, or is it time we wake up, get smart, and say, ‘Our World is in financial trouble because of your financial incompetence. Keep your hands off our money,’” he added.
SBF: SAM BANKMAN FRIED fooled some most famous investors in the world, investors such as Shark Tank’s Mr. Wonderful, Kevin O’Leary & CNBCs Jim Kramer. Wonder if SBF will fool judge and jury the way our Fed Chairman and Treasury Secretary are fooling the world? Are we a SHIP of…
— Robert Kiyosaki (@theRealKiyosaki) October 27, 2023
It bears mentioning that Kiyosaki had previously commented on the FTX saga. Following the collapse of the FTX exchange last year, the top financial author said Bankman-Fried is more like the Bernie Madoff of crypto.
Kiyosaki made this known in response to O’leary and Cramer calling SBF the Warren Buffett of crypto.
SBF Admits Making Mistakes But Denied Fraud Allegations
Meanwhile, the fraud trial of Bankman-Fried, which started earlier this month in a Manhattan courthouse, is still ongoing.
The former FTX CEO recently took the stand at his trial and admitted to making mistakes, including not putting an appropriate risk-management team in place. However, he denied claims of defrauding unsuspecting investors as alleged by U.S. prosecutors.
Notably, SBF has pleaded not guilty to the five counts of conspiracy and two counts of fraud charges. Prosecutors accuse him of stealing customers’ funds to finance his lavish lifestyle and fund political donations to the tune of more than $100 million. The FTX founder could spend decades in prison if found guilty.
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