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Speaker 1: guide now at by Legacy goold dot com. That's by

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Speaker 1: Legacy goold dot com. All right. The attorney for the

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Speaker 1: man that, of course, was detained, not charged yet for

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Speaker 1: driving his car through the group of recruits in South Whittier.

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Speaker 1: This was last Wednesday morning. He not only appeared on

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Speaker 1: Channel four and said that it was not a deliberate act,

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Speaker 1: he fell asleep. His attorney will appear with us at

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Speaker 1: five oh five here on the Johnny Ken Show. The

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Speaker 1: man's name is Nicholas Scutierrez, who will talk to his

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Speaker 1: attorney up in a couple of hours. Yesterday, of course,

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Speaker 1: and over the weekend, the big story was the shooting

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Speaker 1: at a nightclub in Colorado Springs. It was a gay

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Speaker 1: nightclub LGBT Hugh, there was a drag show going on

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Speaker 1: when a man came in, a twenty two year old

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Speaker 1: and opened fire, identified as Anderson Lee Aldrich. He was

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Speaker 1: taken down by a couple of patrons in the club,

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Speaker 1: including a man we talked about yesterday who's to serve

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Speaker 1: in the military, an army veteran named Richard Fierro, who

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Speaker 1: jumped on him from the back and dragged him to

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Speaker 1: the ground, and eventually they able to kick the main

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Speaker 1: weapon away, but there was a pistol in the gunman's

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Speaker 1: pocket which apparently fell out and Pierre actually started beating

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Speaker 1: him with it. Somebody else got involved too, and they

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Speaker 1: were eventually able to subdue the shooter. We're going to

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Speaker 1: start though, by telling you that the alleged shooter, Anderson

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Speaker 1: Lee Aldrich, twenty two, was Nicholas F. Brink up until

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Speaker 1: the age of fifteen. Public records show, and this is

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Speaker 1: from San Antonio, Texas, that he applied for a name change. Now.

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Speaker 1: His parents were separated when he was a young child.

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Speaker 1: When he was twelve, his mother, she's Laura Vopal, was

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Speaker 1: arrested for suspected arson. So we like to say on

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Speaker 1: the show there's always a story behind people that get

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Speaker 1: involved in these kind of heinous acts, and now we're

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Speaker 1: beginning to learn it. At age fifteen, he became the

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Speaker 1: target of a vicious bout of online bullying. Insulting accusations

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Speaker 1: were posted to a website along with his name, photos,

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Speaker 1: and online aliases. So that may have been the motivation

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Speaker 1: behind the name change, so he could live as somebody

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Speaker 1: else and not continue with that tag of being bullied

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Speaker 1: online under that name, I guess. And then a YouTube

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Speaker 1: account was created under his name and it had a crude,

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Speaker 1: profanity ladent animation under the title Asian homosexual gets molested.

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Speaker 1: Just before sixteenth birthday, with two of his grandparents name

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Speaker 1: on the document, he applied to legally change his entire name. Now,

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Speaker 1: his mother's name didn't appear on the petition. I believe

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Speaker 1: the grandfather is the one we talked about yesterday. He

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Speaker 1: used to be an assemblyman from the San Diego area.

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Speaker 1: His name is vocal now. Somehow, over the first twenty tiers,

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Speaker 1: he ballooned up to over three hundred pounds, so eating

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Speaker 1: is often right. Yea of a psychological stress disorder and

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Speaker 1: obviously internalized a tremendous amount of anger. Right, and then

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Speaker 1: we told you in June of twenty twenty one, there

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Speaker 1: was a bomb threat that his mother actually called in.

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Speaker 1: His mother was living in a room in someone else's house.

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Speaker 1: The son would come visit and she called in a threat.

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Speaker 1: He was charged with kidnapping and felony menacing, but never prosecuted. Well,

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Speaker 1: it says for reasons that remained unclear. No bomb was

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Speaker 1: ever found, but we understand the mother and an attorney

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Speaker 1: intervened to kill the case because the mother didn't want

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Speaker 1: to cooperate. So did she make that up or well,

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Speaker 1: I mean did I'm curious did he threaten to use

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Speaker 1: a bomb or was this her saying he threatened? Well,

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Speaker 1: they good question. They came the cops and they cleared

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Speaker 1: out the neighborhood and there was a standoff with him

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Speaker 1: for some time before they took him into custody. That

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Speaker 1: said video they came out yesterday. Clearly, clearly she was

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Speaker 1: a disaster, and clearly he was very angry with her

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Speaker 1: because you know, he probably had a terrible life. All

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Speaker 1: these guys had a terrible childhood. You almost never see

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Speaker 1: people like this come from an intact family. The parents

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Speaker 1: are always separated or divorced when the guy is young,

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Speaker 1: and it's always like a bad home situation on top

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Speaker 1: of it. Not just an amical divorce when the kid's older,

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Speaker 1: but when when they're very young, and there's probably a

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Speaker 1: lot of abuse and a lot of erratic behavior, and

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Speaker 1: so he had a lot of internalized anger, and I'm

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Speaker 1: sure he gave off the creepy vibe to everybody in

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Speaker 1: his classes, and that's why they got bullied so much.

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Speaker 1: There is a neighbor who spoke to The Daily Beast

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Speaker 1: named Xavier Kraus. He said that Aldrich enjoyed going with

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Speaker 1: his mother to a shooting range where rapid fire was permitted,

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Speaker 1: and he said that Aldrich once said to him, it's

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Speaker 1: not the gun you've got to be afraid of, it's

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Speaker 1: the people, because, as you know, John, guns don't kill people,

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Speaker 1: do I know. Reversing thea, he said, Aldrich had this

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Speaker 1: idea that we would go out to the shooting range

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Speaker 1: at some point and he would teach me some gun

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Speaker 1: safety and shoot some target practice. We never end up

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Speaker 1: getting around to that, but that conversation does kind of

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Speaker 1: sit with me because I know how I felt when

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Speaker 1: I saw the gun, and he showed it to me.

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Speaker 1: He was like, well, this is legal. I'm totally allowed

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Speaker 1: to have this. It was an assault type rifle. According

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Speaker 1: to the neighbor, See, if the family members, the parents involved,

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Speaker 1: are really really crazy and they're going to actually encourage,

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Speaker 1: you know, going to a shooting rage and firing guns

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Speaker 1: and owning an R fifteen, then the rest of the

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Speaker 1: rest of the world's screwed now because he doesn't he

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Speaker 1: doesn't have a normal influence in his life to tamp

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Speaker 1: down what's obviously bad, genetic, horrific environment. And then you

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Speaker 1: got this, this crazy person taking him to the shooting range.

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Speaker 1: So you wonder because apparently the neighbor also says that

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Speaker 1: he used the term F a lot. And I don't

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Speaker 1: mean the curse word F. I mean the slur for

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Speaker 1: gay people. It came from a place of anger, the

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Speaker 1: neighbors said. If you combine that with the story about

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Speaker 1: him changing his name because he got bullied and that

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Speaker 1: one online post which seemed to refer to him as

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Speaker 1: being gay, this makes be something that really stuck in

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Speaker 1: his mind. And yeah, twenty two he just exploded and

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Speaker 1: took his rage out on well, the subject of the bullying.

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Speaker 1: I don't know how to even Yeah, well, you know,

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Speaker 1: you got twenty plus years worth of damage, so it's

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Speaker 1: hard to take a part exactly what motivated him to

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Speaker 1: do the shooting or to be angry with gay people.

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Speaker 1: The mother there are Mormons, by the way, They belonged

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Speaker 1: to the Church of Jesus Christ of Latter day Saints. Yeah,

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Speaker 1: you rarely run shooters on the membership roles of the church,

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Speaker 1: but has not been active. You rarely run into violent Mormons.

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Speaker 1: It doesn't happen often. Right, They don't look kindly on

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Speaker 1: gay people. She got. They don't embrace them. I shouldn't

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Speaker 1: say they're nasty about it, but well, yeah, up until

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Speaker 1: three years ago they described people in same sex marriage

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Speaker 1: as apostates. Apostates I like that word. Yeah, but they

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Speaker 1: they've they've denounced shooting, shooting, they have, of course, they

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Speaker 1: don't condone that. I'm just saying though, that they're not accepting. So, yeah,

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Speaker 1: I don't picked up something from the religion, something from

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Speaker 1: being bullied, something from his whole world. Psychologically, I think

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Speaker 1: gott in a whirlwind. After the divorce, the mother, Laura

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Speaker 1: got full custody of this little monster, and there was

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Speaker 1: an order forbidding any contact between father and son. So

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Speaker 1: was the father a lunatic too? Yeah, we don't know

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Speaker 1: much about the father, this woman and her father or

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Speaker 1: the grandfather that we know about this Randy Vopal? What sin?

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Speaker 1: What sins? Did he commit to get a court order

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Speaker 1: that he couldn't have any contact with the son? That's rare.

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Speaker 1: That doesn't happen unless the father's actions are pretty extreme.

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Speaker 1: What's the what's the mother's arson arrest about? The case

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Speaker 1: found its way through a Texas court for several years.

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Speaker 1: According to court records, the defendant was ordered to undergo

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Speaker 1: psychological evaluations and mandatory drug testing. Her trial resulted in

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Speaker 1: the dismissal the arson charge, but she was found guilty

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Speaker 1: in a lesser charge of criminal mischief. Okay, so what

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Speaker 1: was she trying to burn? Well? Which was she angry

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Speaker 1: with somebody? And this was her you know, mental breakdown?

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Speaker 1: Like like who is the target? The end of these

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Speaker 1: news stories and with law enforcement releases is always so

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Speaker 1: half asked who was she trying to? Whose house was

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Speaker 1: she trying to burn down? Yeah, there's got to be

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Speaker 1: a long story that in the police records about exactly

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Speaker 1: what this was. Right, Yeah, I mean some some some

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Speaker 1: relationship that went went bad. Yeah, all right, when we

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Speaker 1: come back, we'll play part of the interview one of

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Speaker 1: the heroes conducted with CNN. This is Richard Fierro, the

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Speaker 1: military event who was I think the first to tackle

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Speaker 1: the gunman in call Colorado Springs, John and Ken kf

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Speaker 1: I Am six forty live everywhere on the iHeartRadio app.

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Speaker 1: All right, So Saturday Nights had a place called the

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Speaker 1: Club Q, which was a gathering place for LGBTQ people

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Speaker 1: in Colorado Springs, Colorado. A gunmand walked in and after

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Speaker 1: the shooting was done, he killed five and wounded at

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Speaker 1: least seventeen. What we learned and the hours afterwards that

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Speaker 1: he probably could have killed a lot more people if

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Speaker 1: it wasn't for the actions of a couple of people

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Speaker 1: in the club that night. One of them is Richard Fierro,

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Speaker 1: a military vet, and John had asked this question yesterday.

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Speaker 1: Here's the explanation. He was there with his daughter Cassie,

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Speaker 1: her boyfriend, several other friends to see a drag show

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Speaker 1: and celebrate a birthday, and it turns out that Cassie's boyfriend,

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Speaker 1: Raymond green Vance, was fatally shot. We're going to play

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Speaker 1: you part of the interview Fierrero did with CNN and

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Speaker 1: will fill in any more detail we have read here.

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Speaker 1: It is I just want to say, this is in

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Speaker 1: no way about me. My dad was grieving the loss

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Speaker 1: of her boyfriend. UM. He was in our lives for

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Speaker 1: six years. Raymond was a great young man. He was

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Speaker 1: he was in his way to do some amazing things. UM.

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Speaker 1: And for me right now, it's it's about healing. I

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Speaker 1: have two friends still in the hospital that were shot,

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Speaker 1: my best friends here in the spring. My whole Colorado's

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Speaker 1: Fring's family was there. UM. And so what I I

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Speaker 1: think I was doing was protecting my family, which is

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Speaker 1: what I do. UM. And sometimes to a fault, and

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Speaker 1: I do things because I you know, I'm fight or flight.

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Speaker 1: I think I tend to go fight a lot more.

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Speaker 1: And it's not it's I don't know if it's good

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Speaker 1: or not. It doesn't matter um either way. UM. I

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Speaker 1: went to the ground because as soon as I heard

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Speaker 1: the rounds, I dove down. I pushed over my friend

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Speaker 1: at best I could, and we both hit the ground,

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Speaker 1: me and Chip. UM. I put my back against the

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Speaker 1: I felt, I tried to stand up and I fell

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Speaker 1: and then I fell against a it's like a bench seating,

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Speaker 1: and I U and I at that point I saw

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Speaker 1: the shooter. I hadn't no idea what was going on,

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Speaker 1: but apparently I saw him going to the patio or

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Speaker 1: because I saw a lot of people in the window,

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Speaker 1: or it may not even been a window, but I

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Speaker 1: saw a lot of people and this guy was there,

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Speaker 1: and I saw the ACU pattern flat best and for

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Speaker 1: me that was like, there's a handle, I'm getting him.

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Speaker 1: So I ran across the room, grabbed the handle, pulled

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Speaker 1: him down, and then started to well, actually I think

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Speaker 1: I went for its gun with him. His rifle flew

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Speaker 1: in front of him, and the young man that tried

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Speaker 1: to jump in there with me, he we both either

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Speaker 1: pulled him down or whatever, but he ended up at

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Speaker 1: his head and right next to the AAR. And then

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Speaker 1: with the AAR he I told him pushed the r

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Speaker 1: get the air away from him. The kid pushed the

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Speaker 1: r I don't know what his name was, and then

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Speaker 1: I proceeded to take his other weapon and pistol and

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Speaker 1: then just start hitting him at where I could, but

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Speaker 1: the armors in the way, and I just started I

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Speaker 1: found a crease in his between his armor and his head,

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Speaker 1: and I just started weighing away with his gun um

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Speaker 1: and then I told the kid in front of me,

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Speaker 1: kick him, keep kicking him. And we were I was,

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Speaker 1: I was guided, I was telling people called nine one,

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Speaker 1: call nine one. I brought him down. I I was

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Speaker 1: in mode. I was. I was doing what I did

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Speaker 1: I do down range. You know, I train, I trained

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Speaker 1: for this. I don't want to ever do this. I

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Speaker 1: didn't even retire because I was just I was done

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Speaker 1: doing this stuff. It was too much. And uh, I'm

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Speaker 1: you know it, kim in handy and I got to

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Speaker 1: protect my kid. I lost my kid's boyfriend. I tried.

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Speaker 1: I tried to everybody in there. I still feel bad

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Speaker 1: that five people. There's five people that didn't go boo

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Speaker 1: and this this is day. I told him while I

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Speaker 1: was hidio, I said, I'm gonna kill you man, because

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Speaker 1: you tried to kill my friends. My family was in there.

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Speaker 1: There's a lot of trauma. And he's heard Faraoh, who

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Speaker 1: was the military vet who was the first to tackle

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Speaker 1: the gunman at the club in Colorado Springs. The other

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Speaker 1: man he's talking about has been identified as Thomas James.

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Speaker 1: He's the one that moved the weapon out of reach

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Speaker 1: of the gunman. Yeah. James is a US Navy information

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Speaker 1: systems technician stationed at the Defense Intelligence Agency in Colorado Springs.

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Speaker 1: He apparently was wounded. They says in stable condition, but

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Speaker 1: they have not elaborated on the nature of his wounds.

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Speaker 1: The reason Farah was there is his daughter had a

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Speaker 1: friend who was part of the drag show, so that's

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Speaker 1: why he went there with his family and friends. Yeah,

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Speaker 1: and he's had quite a life. He was in a

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Speaker 1: rock and Afghanistan. He said he'd been shot at. He

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Speaker 1: has seen roadside bombs, shred trucks, and his platoon. He

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Speaker 1: was a platoon leader. He lost friends twice. He got

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Speaker 1: the Bronze Star, and he says that there's things he

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Speaker 1: still will never forget. And for a long time after

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Speaker 1: he came back home, crowds still put him on edge.

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Speaker 1: He's always vigilance in restaurants. He would sit against the

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Speaker 1: wall facing the door. No matter how much he tried

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Speaker 1: to relax, part of him was always ready for an attack.

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Speaker 1: He was often distrustful, quick to anger. It had been

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Speaker 1: hell on his wife and daughter. There was medication, There

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Speaker 1: were sessions with a psychologist. He got rid of all

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Speaker 1: the guns in his house. He grew his hair out

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Speaker 1: and grew a long white goatee to separate himself from

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Speaker 1: his days in uniform. And he and his wife ran

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Speaker 1: a local brewery and he had a good relationship with

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Speaker 1: his daughter and her boyfriend. But he knew he was

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Speaker 1: always on the inside, that there was a trigger that

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Speaker 1: could go, and really fortunately the trigger went off when

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Speaker 1: he saw what this guy, all Drich was doing. Because

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Speaker 1: you noticed the two guys that jumped into action and

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Speaker 1: subdued Aldrich were military guys. Well, there was a third person.

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Speaker 1: When a clubgoer ran by in heels, Fierre told her

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Speaker 1: to kick the gunman. She stuffed her high heeled shoe

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Speaker 1: in the attacker's face. That would be delusional, A drag

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Speaker 1: queen who performed a club que on Saturday night. Fierro said,

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Speaker 1: I love them. I have nothing but love now. As

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Speaker 1: John mentioned before, two things. Both the shooter and Fiarro

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Speaker 1: over three hundred pounds, so this was quite a matchup.

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Speaker 1: When the police got there, Fiarra was holding the shot

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Speaker 1: of the shooter down and they weren't sure what was

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Speaker 1: going on, so he was briefly handcuffed and put in

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Speaker 1: a police car as they tried to sort out the

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Speaker 1: chaos because they weren't sure who didn't a shoot her?

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Speaker 1: Who was watching? Right? Yeah? Who was a bad guy here? Right?

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Speaker 1: But you know, but you know, the thing is about

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Speaker 1: the training. The normal thing to do is either, you know,

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Speaker 1: flight or fight or flight, right, that's the normal thing

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Speaker 1: to do. Most people flee, which is understandable, right, You

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Speaker 1: want to flee because you don't want to die. You

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Speaker 1: can freeze for a while before you flee. But to

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Speaker 1: fight without thinking about it, and and to have maximum effect,

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Speaker 1: you can't think about it. You just have to instantly react.

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Speaker 1: And because you're training and you're experienced, in a split second,

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Speaker 1: you know what this is and you know what you

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Speaker 1: have to do. And you heard him say that. Apparently

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Speaker 1: the gunman was making his way towards the patio, so

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Speaker 1: they kind of had his back to the fierro. Yarra

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Speaker 1: saw the armor. He knew it. He knew there was

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Speaker 1: a place he could latch onto a pull on it.

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Speaker 1: He thought of that very quickly, and that's what he did.

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Speaker 1: He jumped up and he grabbed the guy's armor on

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Speaker 1: the back. Only military guys and law enforcement are capable

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Speaker 1: of doing this back fast. You know, we'd all like

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Speaker 1: to think we can. Oh, the rest of us freeze. Now,

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Speaker 1: the rest of us have a biological impulse to get

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Speaker 1: out of there to protect ourselves, and these guys don't.

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Speaker 1: They've actually overridden at biological impulse through their training and experience.

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Speaker 1: All right, we got more coming up. It is the

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Speaker 1: John and Ken Show on caf I Am six forty

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Speaker 1: Live everywhere, or the iHeart Radio map app and on

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Speaker 1: our mapp and the twelfth annual Cafe I Posta Than

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Speaker 1: is here. Bruno's charity, Katarina's Club, provides more than twenty

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Speaker 1: five thousand meals every week two kids in southern California.

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Speaker 1: Your generosity makes that happen, and here's how you can help.

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Speaker 1: You donate at postathon dot com. You can shop at

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Speaker 1: any Smart and Final store in California, Arizona, and Nevada

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Speaker 1: and donate a checkout. You can go to Any's Wendy's

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Speaker 1: restaurant in southern California and donate, and one hundred percent

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Speaker 1: of your donation goes to Katarina's Club. Details at postathon

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Speaker 1: dot com. All right, don't forget coming up at five o'clock.

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Speaker 1: The attorney for the man that is being investigated and

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Speaker 1: possibly will be charged with running through the cadets at

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Speaker 1: that place in South Whittier where they were out for

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Speaker 1: a morning jog. His name is Nicholas Gutierrez. He says

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Speaker 1: in a recent interview it was not deliberate. I was asleep.

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Speaker 1: We will talk to his attorney at five oh five

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Speaker 1: here on the John and Ken Show. Today was the

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Speaker 1: first day in bankruptcy court for FTX, the crypto exchange

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Speaker 1: company that of course has gone belly up. One of

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Speaker 1: the things that came out of this today is they're

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Speaker 1: having trouble. Well, how do I put it? The record

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Speaker 1: keeping was shoddy. Well, there is a report that they

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Speaker 1: have a billion dollars in assets, but three billion dollars

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Speaker 1: they owe to creditors. So that makes it pretty ugly

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Speaker 1: for anybody that deposited funds with FTX. They will probably

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Speaker 1: be out of luck when all of this is sorted out.

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Speaker 1: As you know in bankruptcy situations, creditors will take less

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Speaker 1: than they're owed just to get something out of it.

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Speaker 1: But I don't know that this is going to come

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Speaker 1: down to work or they get nothing and for crypto investors,

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Speaker 1: people who put money in crypto accounts. There's no government

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Speaker 1: insurance back up, like if if the bank loses your money,

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Speaker 1: you get reimbursed by the government Federal Deposit Insurance Corporation FDIC. Yes,

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Speaker 1: not with the no no with crypto so, which is

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Speaker 1: one of the things that I thought was nutty about it.

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Speaker 1: If it's gone, it's gone. You can't significant amount of

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Speaker 1: their assets or either missing or stolen, said their lawyer. Yeah,

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Speaker 1: I think that's redundant. I think everything missing is stolen.

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Speaker 1: He said. FTX was in the control of inexperienced and

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Speaker 1: unsophisticated individuals and some are all of them were compromised individuals,

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Speaker 1: very coded language. Well, Sam Bankman Freed, it was the

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Speaker 1: head of this company. I read another article about this crowd,

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Speaker 1: and it's like the fifth one I've read. Yeah, it

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Speaker 1: was ten. It was Sam Bankman Freed and nine of

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Speaker 1: his friends. And they really were living in a thirty

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Speaker 1: to forty million dollar penhouse apartment, and they lived like

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Speaker 1: it was in a fraternity and they were whacked out

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Speaker 1: on drugs much of the time. They were taken amphetamines

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Speaker 1: to get going in the morning. They would party late

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Speaker 1: till the night, and then they would take something to

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Speaker 1: knock him out and get him to sleep. And then

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Speaker 1: one person said, you go in there, and it's probably

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Speaker 1: like nobody was smelled, like no one was bathing. Oh yeah,

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Speaker 1: so it's just like a punch bunch of you know,

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Speaker 1: immature college coons. And yes, they were all having sex

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Speaker 1: with each other every combination of male and female that

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Speaker 1: you can imagine. And they had taken the money. That's

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Speaker 1: why it was missing. When he had a round of financing.

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Speaker 1: He gave himself millions of dollars out of that first

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Speaker 1: round of financing. Well, this report Sam Bankban freed his

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Speaker 1: parents and senior executives brought bought at least nineteen properties

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Speaker 1: worth nearly one hundred and twenty one million dollars in

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Speaker 1: the Bahamas just over the past two years. His parents

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Speaker 1: were in on it, you know, his seven high end condos.

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Speaker 1: His parents were named owners of sixteen million dollars vacation

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Speaker 1: home in the Bahamas. And they were two left wing

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Speaker 1: Stanford professors, probably probably preaching the virtues of socialism and

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Speaker 1: progressive politics and sharing of the wealth, and they and

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Speaker 1: their son were looting. They were looting the investors, they

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Speaker 1: were looting the customers. They were buying themselves all kinds

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Speaker 1: of real estate and condos and the Bahamas of all places,

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Speaker 1: because they had little regulation in the Bahamas to cover

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Speaker 1: these matters. So they were just this is the next

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Speaker 1: decades burning Aidoff, that's what he was. And he was

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Speaker 1: that a pyramid scheme where he just took everybody's deposits

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Speaker 1: and then spent them on himself and his friends. Right,

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Speaker 1: And just like Madoff's scheme, it falls apart when people

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Speaker 1: when when a number of people all at once demand

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Speaker 1: their money bank. And that's because the crypto markets have

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Speaker 1: been dropping, so people got nervous and they wanted their

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Speaker 1: money out. Oh I read to sent this company into

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Speaker 1: a tailspin. Yesterday, there's there's another one of these companies

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Speaker 1: called Genesis, another crypto brokerage, big company, and they're warning

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Speaker 1: that bankruptcy may be coming because they had like one

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Speaker 1: hundred and seventy five million dollars in x and they

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Speaker 1: can't get that money out. And now there's a run

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Speaker 1: on there brokerage. So it's gonna be like dominoes. They

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Speaker 1: were all investing in one another using each other's money, right,

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Speaker 1: This is just like when the Wall Street collapse happen

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Speaker 1: in two thousand and eight. It's the same thing. Now,

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Speaker 1: you're right, I'm looking at they're calling it crypto contagion.

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Speaker 1: Fears of crypto contagion are growing as another company's finances wobble,

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Speaker 1: And you're right, they're naming a couple of other crypto companies. Yeah,

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Speaker 1: Gemini suspended redemptions and stopped originating new loans. It's a

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Speaker 1: real possibility in this what they call it the decentralized

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Speaker 1: system of digital currencies, where there are a few investor

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Speaker 1: protections in place. Decentralized firms can opt out of following

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Speaker 1: standard accounting procedures and controls, and companies can be tangled

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Speaker 1: up with one another in unclear ways. Decentralized is code

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Speaker 1: word for nobody's in charge. There is no regulation, there

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Speaker 1: is no government, there are no laws. Something called block fi.

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Speaker 1: A company that bailed out FTX in recent months has

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Speaker 1: paused their client withdrawals citing significant exposure at FTX and

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Speaker 1: associated corporate entities. Well, there's asking his customers not to

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Speaker 1: even make any deposits as well. If you had a

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Speaker 1: major deposit in any of these crypto companies, wouldn't you

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Speaker 1: take it out? Now? That's what's happening. All these companies

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Speaker 1: are interconnected, and a lot you think. I don't think

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Speaker 1: Sam Bankman Freed was the only scam guy going. This

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Speaker 1: cryptocurrency idea was attracting the scamsters. This was their heyday,

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Speaker 1: the golden years. They couldn't believe it that people were

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00:24:42,000 --> 00:24:45,280
Speaker 1: falling for this nonsense. I think people thought though they

427
00:24:45,320 --> 00:24:49,040
Speaker 1: were on the you know, the bottom floor of something

428
00:24:49,040 --> 00:24:51,719
Speaker 1: that would rob Yes, because it was. It was so cool.

429
00:24:52,400 --> 00:24:56,680
Speaker 1: It was it was a high tech, it was innovative.

430
00:24:57,440 --> 00:24:59,000
Speaker 1: You know, you don't you don't. You don't want to

431
00:24:59,040 --> 00:25:01,920
Speaker 1: seem like you're all old and out of it, insisting

432
00:25:01,960 --> 00:25:05,840
Speaker 1: on paper money or coins or checks or credit cards. No,

433
00:25:05,960 --> 00:25:08,800
Speaker 1: that's old fashioned. You have to be cool with it

434
00:25:08,920 --> 00:25:12,520
Speaker 1: current and boy, people susceptible to that. They're the first

435
00:25:12,560 --> 00:25:15,159
Speaker 1: in line to get scammed. They are the easiest marks

436
00:25:16,200 --> 00:25:18,720
Speaker 1: because they're they're they want to be cool, they want

437
00:25:18,720 --> 00:25:20,760
Speaker 1: to be with the in crowd. They want to don't

438
00:25:20,760 --> 00:25:22,920
Speaker 1: want to be thought of being old and out of touch.

439
00:25:23,400 --> 00:25:25,600
Speaker 1: And man, you can you can rip those people off

440
00:25:26,320 --> 00:25:29,720
Speaker 1: with with you with a blindfold on. Yeah, an attorney,

441
00:25:30,840 --> 00:25:33,960
Speaker 1: Uh for FTX during this bankruptcy. He was a point

442
00:25:33,960 --> 00:25:36,919
Speaker 1: that James Bromley says that Sam Bankman freed this was

443
00:25:37,000 --> 00:25:41,359
Speaker 1: his personal fiefdom. And he mentioned the three hundred million

444
00:25:41,400 --> 00:25:44,359
Speaker 1: dollars worth of real estate purchases in the Bahamas. I

445
00:25:44,400 --> 00:25:46,720
Speaker 1: didn't know that they have one hundred and thirty affiliated

446
00:25:46,800 --> 00:25:49,960
Speaker 1: companies with FTX. Well, yeah, that's the kind of empire

447
00:25:50,000 --> 00:25:51,720
Speaker 1: that was built. That's that's what the that's what the

448
00:25:51,800 --> 00:25:57,240
Speaker 1: scam guys do. They incorporate dozens of companies, sometimes hundreds

449
00:25:57,280 --> 00:26:00,280
Speaker 1: of companies, a lot of Michelle companies. They're interc acted.

450
00:26:00,320 --> 00:26:02,720
Speaker 1: That's how you launcher the money all over the place.

451
00:26:03,920 --> 00:26:06,480
Speaker 1: You put your friends in charge of different companies to

452
00:26:06,520 --> 00:26:08,800
Speaker 1: give it a to make it look like it's independent,

453
00:26:08,840 --> 00:26:11,359
Speaker 1: but it's not. It was one big piggy bank for

454
00:26:11,400 --> 00:26:13,480
Speaker 1: the whole for the whole crowd. Look how they were

455
00:26:13,480 --> 00:26:18,080
Speaker 1: living and what did they produce exactly? What is it

456
00:26:18,119 --> 00:26:23,080
Speaker 1: that they produced here? What was the product? Well, there's

457
00:26:23,119 --> 00:26:26,960
Speaker 1: no physical product. It's digital currency. Digital currency. Yeah, it

458
00:26:27,119 --> 00:26:32,280
Speaker 1: kind of relies on faith, right, like a religion. Well,

459
00:26:32,320 --> 00:26:35,800
Speaker 1: you know years ago, US currency was supposed to be

460
00:26:35,880 --> 00:26:39,560
Speaker 1: backed by gold reserves, right, yeah, or past those days,

461
00:26:39,560 --> 00:26:43,120
Speaker 1: but that was originally the Now that's backed by the

462
00:26:43,119 --> 00:26:47,200
Speaker 1: printing press they have. Yeah, yeah, they highlighted the company

463
00:26:47,240 --> 00:26:50,560
Speaker 1: has one point two four billion dollars in cash, but

464
00:26:50,640 --> 00:26:54,679
Speaker 1: they owe at least three billion. So this does not

465
00:26:54,760 --> 00:26:57,760
Speaker 1: look good. No, it's not coming back, all right, Johnny

466
00:26:57,840 --> 00:27:00,359
Speaker 1: ken KF I am six forty live everywhere in the

467
00:27:00,359 --> 00:27:02,679
Speaker 1: iHeart Radio app. It's like you're yelling over it, like

468
00:27:02,760 --> 00:27:06,040
Speaker 1: a mad nightclub. The Gianet Cat Show, they told to

469
00:27:06,040 --> 00:27:07,919
Speaker 1: bring the show back with energy, so they play it

470
00:27:07,960 --> 00:27:11,239
Speaker 1: really loud. Don't think how loud you are. That's right.

471
00:27:11,280 --> 00:27:13,679
Speaker 1: I'll take on whatever you have, whatever volume you have,

472
00:27:13,960 --> 00:27:18,080
Speaker 1: I'll match it. Coming up after four o'clock. Oh, the

473
00:27:18,119 --> 00:27:20,960
Speaker 1: people in these surveys, these are Los Angeles residents, never

474
00:27:20,960 --> 00:27:24,320
Speaker 1: cease to amaze me. Yeah, we're gonna talk about the

475
00:27:24,359 --> 00:27:27,680
Speaker 1: incoming mayor, Karen Bass And this survey asked them, well,

476
00:27:27,720 --> 00:27:29,639
Speaker 1: you know we got more money now the voters, just

477
00:27:29,680 --> 00:27:32,640
Speaker 1: to prove more money for the homeless. What do you think. Oh,

478
00:27:32,720 --> 00:27:34,879
Speaker 1: this is gonna do it, and she will do it

479
00:27:34,880 --> 00:27:37,959
Speaker 1: in her first term. Within four years, she's gonna dramatically

480
00:27:38,000 --> 00:27:41,800
Speaker 1: decrease homelessness. Yeah, Holy mackerel, there was a lot of

481
00:27:41,880 --> 00:27:45,760
Speaker 1: entertainment in that survey. If it's accurate, talk about it

482
00:27:45,880 --> 00:27:49,000
Speaker 1: next hour. Yes, stay tuned for this one. There'll be

483
00:27:49,080 --> 00:27:52,359
Speaker 1: one question. I guarantee you there's one question. When you

484
00:27:52,560 --> 00:27:56,320
Speaker 1: hear the answer, you will slam your head through a window.

485
00:27:57,880 --> 00:28:03,680
Speaker 1: Guarantee it. The home industrial spending complex still has people entranced.

486
00:28:04,000 --> 00:28:08,639
Speaker 1: Like that's the answer. Just spend more money, Bill Moore House, Like,

487
00:28:08,680 --> 00:28:10,639
Speaker 1: that's all way take to get out of this. And

488
00:28:10,720 --> 00:28:12,240
Speaker 1: that's what she's going to try to do, and that's

489
00:28:12,280 --> 00:28:14,880
Speaker 1: going to be a tremendous gonna be a failure. Housing

490
00:28:14,960 --> 00:28:18,480
Speaker 1: First is a failure. All right, we'll talk about it

491
00:28:18,520 --> 00:28:22,000
Speaker 1: after four o'clock. Oh, we're just talking about FTX, the

492
00:28:22,080 --> 00:28:25,600
Speaker 1: crypto exchange that's in bankruptcy. Another company that we've touched

493
00:28:25,640 --> 00:28:28,200
Speaker 1: on from time to time that seems to be facing

494
00:28:28,359 --> 00:28:33,400
Speaker 1: financial difficulties. Is one of John's favorites. Beyond Meat. Oh,

495
00:28:33,440 --> 00:28:37,120
Speaker 1: this is good. Listen to this, ever, pay attention to this.

496
00:28:37,800 --> 00:28:40,880
Speaker 1: She doesn't like this, so please don't drag her into

497
00:28:40,920 --> 00:28:43,000
Speaker 1: this like you do every time she does not approve of,

498
00:28:43,280 --> 00:28:48,480
Speaker 1: like dragging her Beyond meats patties. Just reading this makes

499
00:28:48,520 --> 00:28:53,040
Speaker 1: me cringe. Are made by extracting protein from yellow peas

500
00:28:53,080 --> 00:28:56,640
Speaker 1: and other sources and mixing it with ingredients like canola oil,

501
00:28:56,760 --> 00:29:01,200
Speaker 1: potato starch, and beat juice color to produce burgers that

502
00:29:01,280 --> 00:29:04,600
Speaker 1: suggest ground beef. So when you look at the burger

503
00:29:04,680 --> 00:29:07,680
Speaker 1: cooking on the krill there, that pinkish color is beat

504
00:29:07,760 --> 00:29:14,120
Speaker 1: juice is. Apparently it is the bloody burgers. Do you know?

505
00:29:14,320 --> 00:29:17,720
Speaker 1: Beats are the foulest tasting They're really really good for you.

506
00:29:18,560 --> 00:29:21,920
Speaker 1: The foulest tasting vegetable there is. They are awful. I

507
00:29:21,920 --> 00:29:24,440
Speaker 1: don't love them, but I will force myself to eat

508
00:29:24,440 --> 00:29:27,440
Speaker 1: them on a salad sometimes because they are healthy. It

509
00:29:27,520 --> 00:29:30,120
Speaker 1: doesn't matter what the color of them. They're nasty, you

510
00:29:30,160 --> 00:29:33,640
Speaker 1: know what I'll never forget. Years ago, David Letterman had

511
00:29:33,680 --> 00:29:37,000
Speaker 1: a sketch and the premise was how to get rid

512
00:29:37,040 --> 00:29:39,480
Speaker 1: of a guest who won't leave. And one of the

513
00:29:39,520 --> 00:29:43,880
Speaker 1: recommendations was fill the refrigerator with beat products. And they

514
00:29:43,880 --> 00:29:46,200
Speaker 1: had somebody opened the refrigerator and everything it was like

515
00:29:46,840 --> 00:29:51,720
Speaker 1: beat patties, beat juice everything, and that that that would

516
00:29:51,760 --> 00:29:55,719
Speaker 1: drive anybody into the street screaming. Well Beyond Burger made

517
00:29:55,760 --> 00:29:59,600
Speaker 1: its debut a whole foods market in twenty sixteen, and

518
00:29:59,680 --> 00:30:02,560
Speaker 1: as you no, the next year or so was whirlwind

519
00:30:02,600 --> 00:30:09,760
Speaker 1: for the company. Their revenues and investments soared. Their sales

520
00:30:09,960 --> 00:30:13,400
Speaker 1: increase more than fivefold to eighty eight million between twenty

521
00:30:13,480 --> 00:30:18,040
Speaker 1: sixteen and twenty eighteen. But here's what happened. The company

522
00:30:18,440 --> 00:30:21,800
Speaker 1: got too big in the head and decided to expand.

523
00:30:22,360 --> 00:30:25,520
Speaker 1: And to expand, they needed to raise more capital, some

524
00:30:25,600 --> 00:30:28,440
Speaker 1: of it from investors and some of it from borrowing,

525
00:30:29,120 --> 00:30:32,200
Speaker 1: it says. In January twenty twenty one, the company that

526
00:30:32,320 --> 00:30:35,200
Speaker 1: once occupied three thousand square feet of lab Space and

527
00:30:35,320 --> 00:30:39,800
Speaker 1: Il Sagundo Space, signed a twelve year lease valued it

528
00:30:39,880 --> 00:30:42,640
Speaker 1: more than one hundred million to build a campus about

529
00:30:42,680 --> 00:30:46,840
Speaker 1: a hundred times as large. The campus would include living

530
00:30:46,960 --> 00:30:51,040
Speaker 1: interior walls. That means like they have the plant walls, John,

531
00:30:51,080 --> 00:30:58,280
Speaker 1: you ever seen those? I have a fitness center, a

532
00:30:58,400 --> 00:31:03,840
Speaker 1: future listen a few forward, sorry, a future forward research incubators.

533
00:31:04,040 --> 00:31:07,000
Speaker 1: I don't know what that means. But they were going

534
00:31:07,080 --> 00:31:10,840
Speaker 1: to incubate new foods. I don't know what the word

535
00:31:10,920 --> 00:31:15,000
Speaker 1: to incubate with foods. It doesn't go. They increase the

536
00:31:15,080 --> 00:31:19,600
Speaker 1: roster of employees and contract workers tenfold between twenty sixteen

537
00:31:19,600 --> 00:31:23,840
Speaker 1: and twenty twenty one, the manufacturing capacity increased thirty percent.

538
00:31:24,120 --> 00:31:27,760
Speaker 1: I'm saying all this because their losses started to mount

539
00:31:28,480 --> 00:31:30,760
Speaker 1: twelve million to one hundred and eighty two million, while

540
00:31:30,760 --> 00:31:34,040
Speaker 1: it's debt climbed to one point one billion between twenty

541
00:31:34,080 --> 00:31:37,120
Speaker 1: nineteen and twenty twenty one. Now you add that to

542
00:31:37,160 --> 00:31:41,600
Speaker 1: the fact that apparently consumer taste for beyond meat has

543
00:31:41,760 --> 00:31:44,800
Speaker 1: definitely tailor how many times sure are you going to

544
00:31:44,840 --> 00:31:49,720
Speaker 1: eat a Beat burger? They were aiming for carnivores like

545
00:31:49,800 --> 00:31:54,040
Speaker 1: John coblt No, but a lot of people flock to

546
00:31:54,080 --> 00:31:56,880
Speaker 1: the product to see what it was like. But you know,

547
00:31:56,920 --> 00:31:59,120
Speaker 1: it's like watching that TV show and it debuts and

548
00:31:59,160 --> 00:32:00,680
Speaker 1: you hear a lot of hype. Yeah, and then you

549
00:32:00,680 --> 00:32:07,000
Speaker 1: look at the second week's ratings. I can't imagine yellow peas, potato,

550
00:32:07,160 --> 00:32:13,520
Speaker 1: starch and beat juice color. It's a processed food. Yeah,

551
00:32:13,960 --> 00:32:16,240
Speaker 1: Mark is correct, It's not really good for you. Give

552
00:32:16,280 --> 00:32:19,440
Speaker 1: me another one. Um, it may be slightly better for

553
00:32:19,480 --> 00:32:21,600
Speaker 1: you than meat things, maybe not. The thing is, this

554
00:32:21,680 --> 00:32:24,240
Speaker 1: is what makes me crazy about these companies is why

555
00:32:24,240 --> 00:32:27,960
Speaker 1: didn't they promote exactly what it is. Jess say, it's

556
00:32:28,000 --> 00:32:33,520
Speaker 1: a yellow peas, beat juice potato starch burger. That's go ahead,

557
00:32:34,240 --> 00:32:36,240
Speaker 1: put that on the label. Why wouldn't they put that

558
00:32:36,280 --> 00:32:39,480
Speaker 1: on the lab. They're trying to get non meat eaters

559
00:32:39,560 --> 00:32:44,160
Speaker 1: to eat this because as an alternative, those foods are disgusting.

560
00:32:44,480 --> 00:32:48,000
Speaker 1: Some people like them, not even potatoes. They've had problem

561
00:32:48,040 --> 00:32:51,000
Speaker 1: with shelf life. Apparently some of the sausages are wilting

562
00:32:51,120 --> 00:32:54,880
Speaker 1: and falling over in the packages and the stores. Oh

563
00:32:54,480 --> 00:32:59,040
Speaker 1: and then there's then there's this, uh beyond meat plant

564
00:32:59,040 --> 00:33:07,160
Speaker 1: in Pennsylvania, mold listeria. Oh no, they went so far

565
00:33:07,200 --> 00:33:13,120
Speaker 1: beyond meat. They're serving mold now mold burgers, listeria burgers.

566
00:33:13,240 --> 00:33:19,400
Speaker 1: Wasn't intentional, That is way beyond meat. Not to mention

567
00:33:19,440 --> 00:33:24,600
Speaker 1: that Doug Ramsey, Beyond's chief operating officer, apparently bit someone

568
00:33:24,640 --> 00:33:26,440
Speaker 1: and threatened to kill him during a fight outside of

569
00:33:26,440 --> 00:33:29,480
Speaker 1: college football game at Arkansas. I think he bit his nose. Yeah. Hey,

570
00:33:29,560 --> 00:33:31,800
Speaker 1: the guy was hungry. He had to leave the company.

571
00:33:31,800 --> 00:33:34,160
Speaker 1: He'd eaten. He was eating those beat burgers all these years.

572
00:33:34,160 --> 00:33:37,080
Speaker 1: He couldn't take it anymore. He wanted some real human meat.

573
00:33:38,040 --> 00:33:41,240
Speaker 1: I come it up next. The next mayor of La

574
00:33:41,520 --> 00:33:44,480
Speaker 1: Karen Bass, is ready. She's declaring a state of emergency

575
00:33:44,560 --> 00:33:47,320
Speaker 1: on homelessness and the people are ready. And this new

576
00:33:47,360 --> 00:33:49,600
Speaker 1: survey they said that now we got the money, we're

577
00:33:49,640 --> 00:33:53,320
Speaker 1: gonna solve homelessness. Yikes. John and Ken camp I AM

578
00:33:53,400 --> 00:33:56,320
Speaker 1: six forty live everywhere the iHeartRadio app. These are the

579
00:33:56,320 --> 00:33:59,200
Speaker 1: guys who had been on FTX too, John and Ken Show.

580
00:33:59,280 --> 00:34:01,760
Speaker 1: Debra Mark has the news calf I AM six Sporting.

581
00:34:01,880 --> 00:34:05,680
Speaker 1: It's never been more important to diversify your financial portfolio. Well,

582
00:34:05,680 --> 00:34:08,719
Speaker 1: that's right. The S ANDP is down twenty percent from

583
00:34:08,719 --> 00:34:11,080
Speaker 1: the last year, and this year looks even worse. Gold

584
00:34:11,080 --> 00:34:14,400
Speaker 1: and precious metals offer a hedge against inflation and stock

585
00:34:14,480 --> 00:34:18,200
Speaker 1: market volatility, and Legacy Precious Metals is the company can

586
00:34:18,320 --> 00:34:21,000
Speaker 1: and I trust protect your retirement account by rolling it

587
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Speaker 1: into a goldback Ira or have medals shipped directly to

588
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Speaker 1: your door. Call our friends at Legacy Precious Medals today

589
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Speaker 1: at eight sixty six six nine twenty one seventy three

590
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