Part Four | The Collapse: Payback

0:00 It is January of 2026 in Connecticut. A gate opens at a federal prison, and a woman in her early 30s walks out of it, free into the cold New England winter. And her name is Caroline Ellison. Now, if you've been with us for this whole series, you know that name. Caroline Ellison ran Almeda Research. Caroline Ellison built the seven balance sheets. Caroline Ellison kept the memo, quote, Things Sam is freaking out about. And Carolyn Ellison stood in a federal courtroom in Manhattan, raised her right hand, and said the sentence that ended an empire. Quote, he directed me to commit suicide. these crimes. She pleaded guilty to seven counts. She was sentenced on September the 24th, 2024 to two years in federal prison, plus an $ 11 billion forfeiture she will never be able to pay. She did her time in Connecticut. In November of 2025, she was moved to a halfway house. And in January of 2026, this January, y'all, just months ago, Carolyn Ellison walked free her part in this story is over she served her sentence she goes home now hold that picture and let me put another one right beside it somewhere in california in a low security federal prison there is a man also in his early 30s also convicted in the same

1:32 case for the same scheme who is not going anywhere. Not this January, not next January, not for a very, very long time. If the Bureau of Prisons' own projection holds, that man will not walk out of a gate like that until roughly the year 2044. His name is Sam Bankman Freed, and he has 25 years. Same fraud, same courtroom, same judge, One of them is home and one of them has 20 years left. And here's the question we left ringing in your ears at the end of part three. The question Sam Bankman freed his lawyers, his mother and his supporters now shout from every platform they can find.

2:20 The customers got their money back, all of it with interest on top. So why is the man still in prison? Well, today y'all, In the finale of this series, I'm going to answer that question. All the way down. The miracle and the asterisk inside the miracle. The scoreboard of everybody who fell. The lawsuit that ended in the dark. The pardon campaign aimed at the White House. The appeals court and the phrase they used. The Supreme Court clock ticking toward November. And Netflix turning the whole thing into a love story while the man himself still sits in his cell. Let's finish it right, y'all. Welcome to Exposed, Scandalous Files of the Elite, the Bankman Freed Series, Episode 4, Paid Back, Still in Prison. Hey, everyone, and welcome back to Exposed Scandalous Files of the Elite. I am your host, Jim Chapman, and I want to thank y'all for coming back for the finale of our Bankman Freed series. Four episodes. One boy king. Let me walk us back through it one more time, because if you'll remember. This thing built like

3:51 a house. And today we're going to put a roof on that house. In part one, we met Sam Bankman-Fried, born on the Stanford campus to two law professors, converted in MIT to effective altruism, which is earn billions, give it all away. We watched him build Almeda Research, then FTX. We watched Gary Wang install a setting in the code called Allow Negative. a backdoor that led Almeida to spend money it didn't have. And we watched him become the boy king of crypto. In part two, we opened the books, a secret line of credit set at $ 65 billion in the customer money flowing out to the lenders, the venture bets, the Bahama real estate, the politicians, seven versions of the truth, an $ 8 billion hole. And in November of 2022, we watched it all leak and run and fall. And in part three, that inner circle turned. Binance walked away. John Ray called it the most complete failure of corporate controls he had ever seen. Sam was arrested, flown home, and then Ellison, Wang, and Singh pleaded guilty and testified against him until a jury needed only four and a half hours to say guilty on all seven counts. And Judge Kaplan gave him a 25-year sentence and $ 11. 2 billion in forfeiture money. In this final episode, we're going to do the math on this one. The money, the sentences, all of it. And as always on this show, we build it out of the documents, the bankruptcy court's distribution records,

5:23 the sentencing transcripts, the Second Circuit's opinion in the Supreme Court document. And that's going to be the ground we stand on all the way till the end of this one. Quickly, before we dive in, check out the Patreon, patreon.com slash exposed podcast files. If you'd like to help support the show, could not do this without all of the people that support me. Thank you. I love you more than you know. And you get commercial-free early releases, bonus episodes, all kinds of things. Go check it out, patreon.com slash exposedpodcastfiles. And with that, let's get into it. All right, so the customers get paid back. So what was the crime? And I promise you, we're going to give that question the fairest hearing it has ever had. And we're going to start with the strongest version of Sam's side. Let me tell you a story the defense tells, and I'm going to tell it the way Sam's own people tell it at full strength. No straw men, because on this show, we don't beat up arguments nobody made. We take the real ones. And the story goes like this. When FTX collapsed in November of 2022, everybody told you the money was gone. $ 8 billion vanished, spent, a crater. The customers were wiped out. That was the story. But... The story, the defense said, was not the whole truth because FTX was not some empty shell. FTX owned things, real things, a venture portfolio stuffed with stakes in young companies, real estate,

6:57 and one stake in particular, a big early investment in an AI company called, get ready for this, Anthropic. that was about to become worth a fortune. The estate recovered somewhere between $ 14. 5 and $ 16. 5 billion in assets, billion with a B, y'all, against roughly $ 11 billion in claims. So do that math with me. They found more than enough. more than 100 cents on the dollar. As a matter of fact, the anthropic stake alone, when the estate sold it, brought in about $ 1. 3 billion. The bankruptcy plan was confirmed on October the 3rd, 2024. It became effective on January the 3rd, 2025. And then the checks. started going out.

7:45 Real checks to real customers, round after round, about $ 1. 2 billion in February of 2025, more than $ 5 billion in May, and further rounds in September of 2025 and March and July of 2026, roughly $ 10 to $ 11 billion distributed in all, with customer classes receiving 105 to 120% of their claims. plus 9% annual interest on top of that. Now, sit with that for a second, because it is actually quite remarkable. And fairness demands, I tell you that all the time, and in the history of giant frauds, Enron, Bernie Madoff, all the names you know, the victims do not get 120%.

8:34 Madoff's victims fought for decades and got fractions. FTX's customers got their money back with interest, and then some. It might be the most successful recovery in the history of American bankruptcy. I mean, that's not spin, that's the distribution record on file with the court. And so the defense asked its question, and y'all, it's a real question, and it deserves a real answer. If everybody got their money back, every dime plus interest plus bonus on top of that, then where's the loss? And if there's no loss, what exactly was stolen? And how do you take 25 years of a man's life for a theft in which nobody in the end lost anything? Sam himself says it from prison.

9:20 and has never stopped saying it. Everyone was repaid. FTX was never truly insolvent. That's his claim, his words, and I label it that way because it's the defendant's own account of himself. His mother calls that 25-year sentence barbaric. His lawyers built an entire appeal on the idea that the jury never got to hear how solvent it actually turned out to be. That's the argument at full strength. The miracle recovery, the 120%, the question with no easy answer, except, except y'all, there's an asterisk on that miracle, an asterisk the size of a Bitcoin. Once you see it, you can't unsee it. So here's the asterisk, and I want to walk through it slowly with one honest example, because it's the most important math in this entire series. When the bankruptcy court says FTX's customers were repaid at 105 to 120 percent, you have to ask the question nobody has put in the headlines. 120% of what? Of their claim?

10:26 In a customer's claim? Under the bankruptcy plan? Wasn't measured in the crypto they actually owned. It was measured in dollars. Dollars valued specifically at one specific day at one specific time. The petition date, November the 11th, 2022, the day of the collapse, the worst day, the bottom, is when they valued that crypto. Follow me with one customer, okay? Imagine a regular person. Let's take a teacher or a truck driver who held exactly one Bitcoin in FTX, just one. And maybe they bought that Bitcoin because Tom Brady promoted it, or they saw it on a Super Bowl ad, or the United States Senate told them it was safe. In November of 2022, when everything tanked, one Bitcoin was worth about $ 16, 871. So under the plan, that customer's claim is $ 16, 871.

11:22 And the estate pays that claim at 118%, let's say, with interest. And our teacher gets a check for just under $ 20, 000. And the press release that comes out says, hey, she was made whole. 118% made whole. Except our teacher didn't own $ 16, 000. Our teacher owned a Bitcoin. And a Bitcoin doesn't stay and did not stay at $ 16, 000. It came back the way Sam actually always said it would, the way the whole market did once that panic passed.

12:08 And in the years since, that same one Bitcoin has traded somewhere roughly between $ 97, 000 and $ 125, 000. So do the real math. The estate handed our teacher $ 20, 000 for an asset worth $ 100, 000. The teacher got 20 cents on the real dollar. And the other 80,000, the rebound, the rising tide that filled the estate's coffers and made the miracle possible, that value didn't go to the customer whose coin it was. The estate captured the rebound. spread it around in petition date dollars, paid everyone their frozen at the bottom number plus a percentage, and declared a miracle. Now, am I saying that is the estate's fault? No. And fairness matters here too. Dollarizing claims at a petition date is how American bankruptcy law works in every case. It's a rule It's not a conspiracy, and John Ray's people followed the law and actually did a remarkable job inside it. But a rule can be legal and still produce a result you should look at with clear eyes. The customers were made whole in a measurement that froze their losses at the moment of maximum pain, if you will. In dollars at the bottom, payback plus interest. In the actual asset they owned, most of that value they would have had is gone. The law's answer to, quote, why was it

13:42 a crime is this. The fraud was complete the moment the money was taken and lied about. Fraud isn't measured by the end of the story with the bankruptcy estate's final ledger. Fraud is measured at the moment of the taking when a customer handed over money for safekeeping and the man in charge quietly spent it while telling the world, FTX is fine. If a man takes your truck without asking and he joyrides in it for a year, and then after he's caught, the truck comes back with a full tank, the law doesn't throw him a parade. They don't tell him you've done awesome. The taking of the truck was the crime. The return is the mercy that other people perform. And it matters. It matters enormously that it was other people who performed it. Sam Bankman Freed did not pay anyone back. He was in a cell.

14:36 The recoveries built up by the cleanup crew that he made necessary out of assets the customer's own money had bought. Crediting Sam with paying people back is like crediting an arsonist when the fireman shows up and puts out a fire that the arsonist started. And one more layer, because this show, we deal in truth around here. Even the perfect version of the repayment came years late, more than two years after those customers' money, rent money, retirement money, life savings, after all of that was locked into bankruptcy, Unusual. And time is a loss. Fear of losing your money is a loss. So both things are true at once.

15:22 The recovery was real and historic and the defense is entitled to shout it. And the asterisk is real too. Paid back at the bottom in frozen dollars years late by other people's labor for a crime that was finished the day the money was moved. Now let's talk about what everybody paid. Sam got 25 years. But there were five names in that inner circle, y'all, and their sentences tell a story all by themselves. And we're going to start with Carolyn Ellison. We opened this episode with her, so let's finish her story. She pleaded guilty in December of 2022, seven counts. She cooperated completely and she testified for three days and really broke that trial open. On September the 24th of 2024, Judge Kaplan sentenced her to two years in federal prison, plus that $ 11 billion forfeiture she shared on paper and will never be able to pay back. In fact, Kaplan noted the value of her cooperation.

16:21 He called it very substantial, but he also said in substance that the sheer magnitude of what happened at Almeida required prison anyway. Two years for helping run an $ 8 billion fraud. And Carolyn Ellison did something else in that courtroom, something Sam Bankman Freed to this day has never done. She apologized to the customers plainly and honestly. She served her time in federal prison and moved to a halfway house in November of 2025 and walked free in January of 2026. The regulators took their pieces too. The Securities and Exchange Commission barred her from serving as an officer or director for 10 years. The commodities regulator banned her from trading for five. And in a result so strange, in September of this year, Ellison resurfaced working at an effective rate. altruism adjacent grant-making company. The same philosophical world that started all of this. After a work Trial taken, reportedly under the name Carol. The woman who ran Almeida is free, rebuilding a life in the movement that built the permission slip, if you will. Draw from that whatever conclusions you come to. Gary Wang, the roommate, the coder, the man who built the back door, he pleaded guilty alongside Ellison in December of 2022. He testified about his own code, and on November the 20th, 2024, Kaplan sentenced

17:52 him to time served. No prison. Three years of supervised release and a forfeiture that took his home and his assets. And the judge told him in open court, and I want you to hear this sentence because it explains the whole scoreboard here. Quote, You did the right thing for yourself and the right thing for the country. So the man who wrote the code walked out a free man because when the moment came, he told the truth about the code, all of it under oath against his best friend. Let's go to Nasheed Singh, the engineer from the balcony. Well, Singh pleaded guilty in February of 2023, testified about the $ 8 billion hole, the confrontation, the despair, and in October of 2024, he too was sentenced to time served with three years of supervised release. He forfeited what the life had bought him, including a $ 3. 7 million house in Washington State and his stock. The man who stood on that balcony and did the terrible math walked free too. The three who turned, Ellison, Wang, and Singh got two years, time served, and time served. Between the three of them, The only real prison time was Carolyn Ellison's two years.

19:09 And the three of them together ran the machine. She ran the trading firm. He wrote the code. He kept the money moving and the donations flowing. And then there's a fourth man, the one who didn't turn. The one who sentences longer than the other three combined, several times over. And here's the thing that should maybe stop your heart a little bit. He's also the one who blew the whistle. Remember Ryan Salem? Now in past episodes, I was saying salami because it's spelled S-A-M-L-A-M-E, but it's actually Salem. At least that's how he says it. And we owe even the fallen their own names. said correctly on this show.

19:52 So of all the names in this series, Salem's story is the one that keeps me up at night because it refuses to sit still in any moral shape. So let me lay out what I mean here. Ryan Salem was a top FTX executive. He was the political operation's other half. Now, where Singh's name went on donations for the left side of the aisle... Salem was the Republican side money man. When the indictments came down, the government's campaign finance case ran straight through this guy. Salem pleaded guilty on September the 7th of 2023 to campaign finance conspiracy and running an unlicensed money transmitting business. But unlike Ellison, unlike Wang, unlike Singh, Salem did not cooperate. He didn't have a proffer agreement. No testimony, no deal to trade what he knew for mercy. He pleaded guilty and kept his mouth shut about Sam Bankman Freed. In this story, he is the one man from the inner circle who never pointed to Sam in open court. Ryan Salem paid the highest price of anybody but Sam himself. On May the 28th, 2024, he was sentenced to 90 months, seven and a half years in federal prison, which was actually more than the prosecutors themselves have recommended. More than three times what the star cooperator got, plus more than six million dollars in fines. and $ 5 million in restitution. He

21:25 reported to prison in October of 2024, and he's serving that time in Maryland as I record this. His partner, Michelle Bond, was separately charged with campaign finance offenses tied to his donations, charges that per the last reports still remain pending. Now, Here's the twist. On November the 9th, 2022, November the 9th, the same day Binance opened its books and walked away, Ryan Salem picked up the phone and tipped off Bohemian Authority. He told regulators in the Bahamas what was happening inside of FTX, that customers' money had been moved to Almeda. Per the record, he was the first insider alarmed, the first call from inside that penthouse to anybody in authority anywhere. The first domino to fall, right?

22:17 So for all of that, he would later serve or start to serve seven and a half years. A prosecutor would tell you cooperation is the currency of federal mercy and that Salem was offered the same door the others would walk through and that a guilty plea with no help would earn no discount. And there's logic to that, but there's also truth sitting beside it. A system that gives its longest non-Sam sentence to the man who called the authorities first at the moment it actually mattered. The system is not measuring remorse. It's not measuring harm. It's measuring whether the person is useful or not. You can decide whether those are the same thing. In my chair, they're not. And one more name for this scorecard, if you will. The strangest line on it, because he's the fifth man from that penthouse who never got a sentence at all. He never even got a charge. Sam Trebucco.

23:17 Remember him from part two? The co-CEO of Almeida who stood up on August the 24th. three months before the end and walked out the door while the hole was still getting dug. He was the first man off the ship. Well, he was never charged with a crime in this case. He never testified, never raised his right hand anywhere, never told any jury what he saw from the front row. But what he did do in late 2024 was, was sent down with the bankruptcy estate and signed a settlement. And per that settlement, he surrendered a 53-foot yacht valued at $ 2. 5 million. A boat with a name I could not make up, y'all. Quote, soak my deck. You can't make that up. He surrendered two San Francisco apartments worth roughly $ 8. 7 million. He dropped some $ 70 million in claims he had against the estate, claims he walked away from, which is not the same as paying $ 70 million. I want to be precise about that. And the reporting on the settlement indicates he kept a great deal of what Almeida had paid him over the years. Figures reported in tens of millions. So there's your total scorecard. Sam, 25 years. Salem, the whistleblower who wouldn't testify, seven and a half. Ellison, the star witness, two. And Wang and Singh, probation. They don't see a year in jail. They don't see a

24:48 day in jail. So let's go to September the 18th, 2023. Now, if you'll remember from part two, that's when the FTX estate, John Ray's cleanup crew, spent the better part of a year digging through the wreckage. They filed their lawsuit against Joseph Bankman and Barbara Freed. And I want to give you the estate's allegations one more time, exactly as allegations. The estate alleges that the parents were unjustly enriched by roughly $ 30 million, a $ 10 million cash gift alleged to have come out of Almeida funds, a $ 16. 4 million Bahama loan, Villa, a place called Blue Water, roughly $ 5. 5 million directed to Stanford, the family's own institution, and on the order of $ 10 million directed toward Barbara Freed's political operation, the super PAC called Mind the Gap that she co-founded. The estate alleged Joseph Bankman, who was in that Signal War Room chat, advised on taxes and real estate, pushed to raise his own compensation to a million dollars a year, and that the estate's phrase for the whole arrangement, the phrase I have not been able to shake for four episodes now, is that FTX was run as a, quote, family business.

26:07 The parents answered the way they would have answered everything. They called the claims completely false. And when the estate sought to question Barbara Freed under oath, she invoked the Fifth Amendment, which is her constitutional right not to incriminate herself. That's a right. It's every American's right. But put it back there in your file, y'all. It's the same drawer as the rest of this story. The legal ethics professor pleading the Fifth Amendment. and her son's fraud case. And then after that, nothing. The case moved along behind closed doors the way civil cases against well-lawyered, well-connected defendants tend to grind. And in late 2025, get this, the whole thing was dismissed. Dismissed on confidential terms. No public accounting, no statement of what was given back, if anything. The docket just closes. Just went dark. And here's the rest of the parents ending, the part that is not allegation at all. Neither Joseph Bankman nor Barbara Freed was ever criminally charged. Not in 2022, not in 2023, not ever.

27:13 Two of the most credentialed legal minds in America, a tax professor in a war room chat, an ethics professor whose political outfit is took millions the estate said came from customer money, and the criminal law never once knocked on their door. The civil law knocked, whispered for two years behind a closed door, and left without telling anybody what was said. Now, I've done this show long enough to know how this pattern sounds to regular people. because it's the pattern this show exists to document. When an ordinary person's life is wrapped up in a fraud, the money in mom's account, dad on a group chat, ordinary families get indictments, but the bankman freeds, they get a lawsuit, confidential terms, silence. Maybe that's because the evidence against them genuinely wasn't there. That's possible. And nobody on this show convicts anybody on allegations, least of all me. Maybe the estate chose the quiet door over the cost of fighting two Stanford law professors. But what is not in dispute is the shape of it. Elite protection doesn't always look like a dramatic rescue, y'all. Sometimes it looks like a dismissal order with the terms redacted. Filed in the dark two years after the Camerons left. And Barbara Freed did not retire into that quiet, not even close, because while the civil case was ending in the dark, mom was going very, very public with the fight of her life,

28:45 not for the villa, not for herself, for her son's freedom. And for that fight, she aimed directly at the most powerful address on God's green earth. Now, let me tell you about the campaign to free Sam Bankman free because it's a window into how power actually gets lobbied in the United States. And because as of the day we record this, October 20th of 2026, it is run straight into a wall with a name on it. Now, the campaign has several fronts, and per the reporting, its tireless central figure is Barbara Freed, Sam's mother. She didn't go quiet after the trial. She went to war in public.

29:28 She has written and promoted pieces arguing that her son's 25-year sentence is barbaric, her words, and that the prosecution itself was a political prosecution. She is worried in the Washington Public Relations Circuit, and per the reporting, an advocacy push has run through vehicles like a DeFi education fund, quote unquote, carrying the family's arguments into rooms where clemency politics get made. And Sam himself has campaigned from the inside, reporting said he hired a prison consultant, which is the kind of fixer who has guided other men through the pardon process, men who did get pardoned. And in March of 2025, he sat for a jailhouse interview with none other than Tucker Carlson, telling the world his side of it.

30:20 Much of that is reported rather than proven, and I'll label it that way. But the shape of the campaign is not in dispute. The Bankman Freeds were coming for a presidential pardon, and there's a formal paper trail too. In June of 2026, Sam filed a pardon application with the Justice Department of the pardon attorney, the official front door. He said from prison on the record that he is absolutely seeking a pardon, and he continues to maintain his claims forever. His words, quote, I didn't steal user funds. Now, here's where the family thought it might work. This president's pardons. In January of 2025, President Trump pardoned a guy by the name of Ross Olbert. He is the founder of the Silk Road Dark Web Marketplace, a man serving life without parole for building a criminal empire. And he pardons this guy and he sets him free. And on October the 23rd, 2025, a year ago this month, Trump pardoned Changping Zhao. CZ, remember the Binance founder, Sam's great rival, the man whose tweet started the run? CZ had pleaded guilty to money laundering and served a short sentence, and the President of the United States wiped it away. Imagine sitting in a cell and reading that. The man who pushed your empire over a cliff just got pardoned by the president that you're petitioning. Well, if you're Sam Bankman Freed, that headline is either the cruelest joke in the world

31:53 or the most encouraging news imaginable. Proof, a door does exist and it does swing open. But as of now, that door has not swung for Sam. As of today, there is no pardon. The opposition organized two. Two United States Senators, one from each party. Cynthia Loomis, a Republican, and Ruben Gallego, a Democrat. They introduced a Senate resolution opposing a pardon for Sam Bankman Freed. President Trump told the New York Times in January of this year he has no plans to pardon Bankman Freed and his spokesman said it again in February. No plans on the record. from the one man, really, whose signature controls the whole ballgame.

32:35 So you may wonder why the difference. Why Ulbricht and why CZ and why not Sam? And I won't pretend to be able to speak for the president or read his mind. Nobody should pretend to do that. But the documents and the politics leave a shape, and you can kind of see that. Ulbricht was a libertarian cause with a movement behind it. CZ pleaded guilty. served his time, and ran a company the new administration really wanted in America. And Sam Bankman Freed, he gave $ 100 million per the indictment, customer money, overwhelmingly to the Democratic Party. He became the face of fraud that terrified Washington about crypto itself and has never, not once, not even in the Tucker interview, not in his own appeal, not anywhere, said the words, I did it. I'm sorry. Pardons are grace, y'all. Grace usually requires some humility to land on, and humility is the one currency Sam Bankman Freed has never held. So the pardon campaign stands tonight where it stands, a mother fighting like a lion in public, and I don't fault her for that. It is her son, a prison consultant, a Carlson interview, a formal application gathering dust at the Justice Department, and a bipartisan Senate running against it. and a president on the record saying no. On June the 12th, the United States Court of Appeals for the Second Circuit,

34:07 the court that sits above the Manhattan Federal Courthouse where Sam was tried, they issued a decision on the case. And actually, that case number is 24-961. It's 42 pages. It's written by Judge Parker. It's decided unanimously. And that decision was affirmed, affirmed, affirmed. The conviction affirmed. The 25-year sentence affirmed. The $ 11 billion forfeiture affirmed. Everything Sam asked the court to undo, it declined to undo. Now, let me tell you what his argument was. Sam's lawyers argued the trial was rigged by omission. That Judge Kaplan kept the jury from hearing the solvency story. Remember, anthropic? Well, he didn't find out till years later that his company was actually worth something, but they were using that to appeal and say he was never insolvent. The second court checked that out and they said, bullshit, his sentence is affirmed.

35:07 But the sentence, the sentence of opinion, the one that I promised you, is this one. The court wrote that while Sam Bankman Freed was publicly reassuring that FTX was safe, he was using the company as, and I'm quoting the United States Court of Appeals, his own personal piggy bank. Four episodes, y'all. Four episodes of back doors, balance sheets, balconies, memos, and a federal court pretty much summed it up in five words. The Second Circuit went on to say FTX customers were defrauded as soon as Bankman Freed transferred their money to Almeida, regardless of how strongly he believed he might later return the money. And you can't say it any better than that. So let's go to November the 19th of 2026. And I know what you're thinking. How can we go there? It hasn't happened yet. Well, an announcement has happened of something that is going to occur on that date. And it's a Netflix show, and it's going to be called The Altruist. Eight episodes, all of them dropping all at once on November the 19th. And it's the story of everything you've spent these four episodes listening to. So I hope I didn't ruin it for you.

36:26 The Rise, The Back Door, The Seven Balance Sheets, The Balcony, The Fall, retold for the whole world with actors. Anthony Boyle plays Sam. Julia Garner plays Carolyn Ellison. And this detail might grab you. Per the reporting of the production that I've seen, Ryan Salam, the man doing seven and a half years in Maryland as we speak, The one who tipped off the Bahamas and never testified is played by, of all people, comedian Matt Rife. This show was created by Graham Moore, and he's an Academy Award winning writer. And I'm looking forward to actually watching it, but I'm super happy I got my series out first. But if you're interested, you can check that out November the 19th on Netflix. Now, that's going to do it. Not just for this episode, but for the entire Bankman Freed series.

37:24 Four parts. And I appreciate you for sticking with me through all of it. Thank you again to all my Patreons out there. I hope you enjoyed this series. Check out Patreon, patreon.com slash exposed podcast files. You can get all kinds of things there. A lot of commercials. If you don't want to hear them, head to the Patreon for just $ 2. 50 a week. you can get one heck of a lot of deal. And until next time, for Exposed Scandalous Files of the Elite, I am your host, Jim Chapman. Much love. Jim, did you see what happened in Texas today? Wait, before you tell me that, let me tell you what happened in New York. It cannot be as crazy as the case I told you about yesterday in Louisiana. You know what? We should do a podcast about it. And with that, we did. CrimeWire Weekly covers the crime news headlines that have dominated the week.

38:41 We cover trending crimes from all over the country and even sprinkle in a few globally. Crimewire Weekly is available now wherever you listen to your podcasts. Simply by searching Crimewire Weekly or clicking the link in the description of this podcast.