“A massive crash and burn.” That is how Peter Schweizer describes the collapse of crypto-currency billionaire Sam Bankman-Fried and his ill-fated company, FTX. The company has filed for bankruptcy, and reports indicate it owes its fifty largest creditors $3.1 billion dollars. Quite a cautionary business story. But here on The Drill Down, we explore the political side of this story – the corruption and “regulatory capture” that allowed Sam Bankman-Fried to create such a house of cards. In the latest episode of the podcast, Peter and co-host Eric Eggers dig in on the Washington side of this.
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How FTX used billions to influence The Swamp --- and then collapsed

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Peter Schweizer is the author of, among other books, "Clinton Cash," "Extortion," "Throw Them All Out," and "Architects of Ruin." He has been featured throughout the media, including on "60 Minutes" and in the "New York Times." He is the cofounder and president of the Government Accountability Institute.

How FTX used billions to influence The Swamp --- and then collapsed

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