WEBVTT - Introducing - Spellcaster: The Fall of Sam Bankman-Fried

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<v Speaker 1>Wondering.

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<v Speaker 2>Meet Sam. Sam is thirty years old.

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<v Speaker 3>He typically wore T shirts and shorts and samples.

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<v Speaker 2>He likes to play computer games.

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<v Speaker 4>He is commanding this army of fairies and elves in

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<v Speaker 4>this online game.

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<v Speaker 2>He talks a lot about doing good and helping people.

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<v Speaker 5>There really was this idea that he was going to

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<v Speaker 5>change the world.

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<v Speaker 2>Sam may not act the part, but he's a billionaire.

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<v Speaker 3>Say for Mark Zuckerberg.

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<v Speaker 2>No one in history has ever gotten so rich so young.

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<v Speaker 2>But on December twelfth, twenty twenty two, everything changes for

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<v Speaker 2>Sam and what he calls a screw up.

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<v Speaker 3>The US government calls one of the largest frauds in history.

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<v Speaker 2>They had lost a very significant amount of money. Lots

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<v Speaker 2>of people were hurt badly, which left everyone wondering who

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<v Speaker 2>is Sam Bankman freed from Bloomberg and wondering the makers

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<v Speaker 2>of the shrank next Door comes a new series, Spellcaster,

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<v Speaker 2>The Fall of Sam Bankman Freed a story of incredible wealth.

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<v Speaker 2>There was a sense of awe when he walked in.

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<v Speaker 2>It was like a celebrity betrayal.

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<v Speaker 1>He would flip a switch with regards to a given person,

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<v Speaker 1>he would delete them from his reality.

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<v Speaker 2>And what happens when that talk of doing good goes

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<v Speaker 2>really really bad.

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<v Speaker 5>It was basically just everyone racing out the door of

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<v Speaker 5>the burning building for the same exit. Right, you realize

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<v Speaker 5>that it was just a big smoking crater.

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<v Speaker 2>Of a company. So that's when I started saying, don't

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<v Speaker 2>trust Sam Bankman Freed.

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<v Speaker 3>I'm Hannah Miller, a reporter for Bloomberg. Follow Spellcaster The

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<v Speaker 3>Fall of Sam Bankman Freed on Amazon Music or wherever

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<v Speaker 3>you get your podcasts. You can start listening to Spellcaster

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<v Speaker 3>early and add free by subscribing to Wondery Plus an

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<v Speaker 3>Apple Podcasts or the Wondery App. I asked him what

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<v Speaker 3>I should ask Sam, and he was just like us,

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<v Speaker 3>where my money is