VIDEO: Watch Brett Harrison (fmr FTX US Pres) claim in his Superstonk AMA that: FTX GME tokenized stock was fully collateralized, backed 1:1 by GME shares *held by a German broker dealer*, but still couldn’t be lent out to short — It’s either negligent ignorance or deceit, & we deserve to know which
Is he trying to pull a Keyser Söze on this?
Weird. So they could have been possibly using those FTX GME tokens as locates being backed 1:1? Huh. If only there were people that have been saying this for a long time..
This is a mess. In this interview he says the tokens are backed 1:1 by real shares, specifying they could be converted to real shares if requested, which is a big lie.
Thanks ape. You are an invaluable asset.
This makes no sense so if the token are hypothetically traded to a high value what is the exchange value with the share? Stock market share value does is not reflecting this token trades as none of these make it to the tape so no price discovery or consistency. US markets are a gigantic Ponzi scheme the more you learn about it.
We need trustless tech asap I am sick of having to trust that entities are doing the right thing. I’d rather have the right thing preprogrammed in
Don’t forget there’s 1T coins, and only 350M shares?
The fact Caroline Ellison seemed so confident that she was outlining how she is going to "celebrate GME suicides" is enough for me to know FTX more than likely was dirty.
And why is RC letting this slide???
This is very important.
I agree with you, this information was completely wrong as
he's like a baby ken Griffin, making tokens out of thin air
I pray to the old and new gods that in trial he's asked where the 1 trillion GME shares that back the token are.
Wheres the fucking shares you little brat?!!
Legal apes. Much wrinkle.
100% agree and want to emphasize this is spoken as fact (backed 1 to 1) by the then President of FTX. This clip needs to be sent to DOJ, FBI, SEC, everyone.
Did you see his latest Tweeter thread?
link for source supporting your statement that “1 trillion of these were made”?
Accountability is all I want, Justice means that people who did bad things get in trouble even if they don't want to be in trouble
I love Wes but something to remember is that he won't take this on for free (lots of people gave him shit for taking on a popcorn case but he did it because he got PAID).
This comment should be at the top
How about YOU send it to Wes Christian. Do you think you have minions on here? I agree with your sentiment 💯 though.
His whole demeanour shouts 'I'm lying right now'. The cat at the end was a timely distraction rom answering more questions about location of the actual shares and if they can be traded etc.
Is this related to the sec charging someone with trading non registered securities?
I love that the cat is a black cat 🤣
I am not a cat. 😻
Watch his eyes 👀
Nothing's changed since the 1800's, except to have gotten worse. The DTCC has effectively turned the entire stock market into a
wen BICO charge?
Liar liar pants on fire
Liar liar document storage facility on fire
To be fair,
Agreed that we should have known just based on his words- but at the time, we were blinded by the collaboration with GameStop (myself very much included), so I don’t think it’s too realistic to think most of us would have caught that. And I agree that some probably did- those very wrinkled among us :)
Why not both 😂. It’s not like crooks need to worry about being honest
Exactly why I put it that way- if there’s any success making them pick one, then the story will unravel that much faster. :)
Oh historian my historian
Upvoted for visibility
Q: "Xan the shares at the German broker dealer be lent out for shorting?"
Classic redirection. Very basic though. Middle school level at best
We found the connection in the German sub. It's a shell company.
Makes me wonder what German company is trading them as share backed securities? Would it be worth reporting them as securities fraud if they didn't purchase the shares to back the token?
How did FTX buy 10M shares on January 27th 2021 to start this tokenized product offering. Melvin was “closing/buying” 100M shares and so were others they claim. It would have been impossible to get that many shares that day. Show me proof you spent $483X10M to buy these shares.
See, this is the thing. WE weren't allowed to buy in that timeframe, but we could sell. Hmmmmm
see/note: at seconds 5 & 6...harrison's eyes roll-back, and he goes into a constrained hard swallow...something something...innocent enough question...tough for him. somethin' somethin'....
HOL UP. This guy did an AMA with our community, brazenly lied about GME shitcoins being collateralized, now he is "actively managing" his following of apes on Twitter [I'm for real not allowed to say it? Wtf?]... This guy perjured on camera. How is this not FRAUD?
Perjury is the specific crime of lying under oath. This guy was not under oath, so he could spout all the lies he wanted to. However it was recorded for posterity, and so if this were to go to court, its likely this could be used as evidence of duplicity and/or misrepresentation
Cnut should be in jail, not twating
You forgot to mention the part where he also used to work at Citadel.
It is fraud. The question is why is he not being held accountable?
They squeal before they get taken away...
Nice find , this fucken guy is toast !
actually wasn’t my find- will DM who it was :)
Since FTX filed for bankruptcy wouldnt these assets held at a German Broker/Dealer be made public ?
There were no assets
What's the German broker who cooperate with ftx? Deutsche Bank?
Would make sense, they're probably the most crooked bank out there (after JP Morgan).
And that right there ladies and gentleapes is a pure, clean, uncut, unaltered, fully backed up, total, irrefutable and absolut 110% traditional lie. It is also one that is a financial advice about security.
“Those are fully collateralized tokens…”
Sorry but hes a scumbag just like Sbf
Brett is on my list. Im glad he is on superstonk’s list as well. There are way too many links for him to be innocent. At the very least, he should brought in for questioning.
Your cell before sell list?
I love his confidence in that we should just trust his word. He has no proof right? 100% trust me bro from the president of a now bankrupt exchange that committed fraud and stole peoples money lmfao 🤣
Him and Sina Nader had to have done this. They're the only ones who have the resumes to accomplish it
Upvote for visibility. I’m too smooth. All i know is DRS
Well that means you know more than the chairman of the SEC…soooo :)
hu•bris / hu-bris
GET THIS TO THE FUCKING TOP
Isn’t the theory that the tokens are used as a locate by SHFs for shorting actual GME stock? Who gives a shit if anyone shorts a GME token?
Might be a misunderstanding here based on my title phrasing- that’s not what I meant- I was responding to Brett clearly claiming that the actual shares of GME themselves (supposedly backing the tokens 1:1) couldn’t be lent out for shorting (I wasn’t referring to shorting the tokens).
He need locked away
I smell lies!
Lol... just think about the "German broker dealer" that actually just holds an IOU and the Token is an IOU of an IOU.
Yup... its across the board, they're all doing it..
It was a
Right- there is no way he can talk himself out of this segment because none of his claims and market regulations will ever add up- they simply aren’t compatible statements, and he should have to answer for whether he was negligently ignorant or willfully deceitful.
Visibly commenting so we can soon have millions of eyes on this. Great find. Thank you.
He is a longterm bullshitter, has it down pat. Belongs in jail
Nope of any "German broker dealer" held 40M shares atm.
Brett did a 49 tweet writeup yesterday, basically blaming everyone else for the failure
Lol, FTX had no collateral whatsoever for crypto and stuff (pure ponzi), but did hold collateral for the GME token? That is still trading right now, even though FTX doesn't exist anymore?
Shiiiiftyyyy eeeeeyyyeeeeees 😳
Guess whose going to be someone’s new Girlfriend in jail.
It's hilarious when computer dorks fear of becoming a prison pony 🐎🍑
eyes up and to the left - lots of memorization of the lines
1 trillion,, Fully collateralised,
Look at the lier's face
A body language analysis would be good to see. The way he keeps looking up.
It's also evidence.
So again why not fucking just buy the fucking stock then? And DRS so you know for sure it’s in your name? Why do I want something that looks like something else? Why do I want a fake thing when I can just fuckin buy the real thing? These middle men are like the worst sorts of parasites.
All these guys walk around free. Seriously, Merric Garland of the DOJ, do you need help? When is enough fraud enough?
Lol what a lying cumdumpster
Can’t we get someone who can conduct an interview that understands the words coming out of their mouth..?
DRS more mfs. 💎🙌♾🕳🕹🛑🚀
How many tokens where created on FTX for GME?
important info like these calls for archival. + valuable comments too.
German broker my ass.
People look up and to the right when they're lying, correct?
In the majority of people, yes. Occasionally, it’s flipped.
Pure evidence about the financial crimes they made.
Put this in all. This should be evidence against FTX.
Would be nice to know what German broker he is implicating
Where is Griffin in there, come out Kenny we know you're in with ftx. Somehow, these 1:1 tokenized stocks sold in their millions, billions, trillions?
It's backed 1 to 1 but it's only for international users not USA users? That doesn't make sense. If these tokens are legit backed 1 to 1 then USA users can certainly buy them because we can buy GME in the USA.
RIP legacy finance
Lying sack of shit.
Dude is full of shit and we all know it. he would need a trillion shares to back his BS tokens. Where are those shares now? Why haven’t they been liquidated as part of the FTX collapse. Where are they Brett?
Platinum cooking with heat.. In more ways than 1
The broker-dealer is basically the DTCC. Just the same crap all over again 🙄
They always throw animals into videos to be more relatable… nice cat prop 💯
Backed 1:1 by a German broker......... hive me a fucking break! It's a US stock why not back it by a US broker? Oh yea........... it's because "shares" in a brokerage arent fucking REAL, so therefore the token was never backed by anything.
What a snake
What exactly was he trying to accomplish with this interview?
If someone wanted to "transfer" their stocks from the German broker, how would the German broker destroy the associated token? Is he going to call up FTX and have them smash some tokens every time. This is just impractical. Brett is distancing himself from FTX now, but this seems like a lot of weird detail to know.
He lied. German broken hasn’t been backing then up since Dec 2021.
Isn't it weird he doesnt disclose WHICH german broker-dealer!!??
I keep seeing in the comments that 1T shares were with a German broker…how many shares were available to the rest of the world? 36T? The shorts never covered…that is all!
Fraud on an unprecedented scale. This scam against retail involves FTX, Citadel, Melvin Capital, Robinhood, SEC, DTCC, Apex Clearing and the CFTC.
Off topic but that couch behind platinum looks strangely familiar..
Who ist that lady? Why is she making connections to a Transferagent? This doesn't make sense to me at all
Why couldn't anyone talk about transfer agents? Business as it always has been.
Up ya go.
All they need is a locate.
And this is why he blocks anyone instantly on twitter that sends even the softest of questions his way regarding tokenized GME.
This guy should be in prison.
So GME actually made it to 40k+$ 🤔😏
Why's this being posted at like 5am on a Sunday?
He sure does look away alot. Kinda like that bear.
so when are we going to smack the shit out of these monkey bastards for this bs manipulation?
How many tokens are there and is it more than the number of shares that exist?
Not Germany again. Didn’t they have major problems with the split?
This dude needs locked in a hole
computer rules are the only rules that matter
🤥 🏰 🤡
He just admitted to fraud there were way more tokens than shares ever existed. Can't wait for these tools to see some Federal prison time.
That right there sir, you said it was backed 1:1. Fucking scumbags
Up up up!
Securities FRAUD .. plain n simple
So FTX registered their GME at computershare? And as book? That’s news to me
Good job. Keep the spotlight on all these criminals.
Brett, sorry bro, you're next. Hopefully you have a person that needs you alive like SBF.
Watch his eyes
Throw this fuckin’ nerd in a hole.
This saga gets better and better LMAO.... Tick tock, idiosyncratic stock...
I’d like to start off by saying “I am not a cat”
He's lying. Nonverbal indicators don't lie. Not once does he look left when he's trying to retrieve information which shows he's making everything up. Finally here's a supposed financial executive affiliated to the elite and he's wearing a stretched out, nasty tshirt for a video podcast? This guy is shady and shouldn't be trusted.
I think definitely negligence and then deceit.
Looks like a lying douche
“Is this guy regarded or evil?”
Lock him up and Sam and anyone else involved
If a broker say they have a 1:1 real share to token, most likely it can be used as a locate for shorting a stock. The stock market operates on a trust me bro principle, when it comes to BD, MM, DTC, FINRA, SHF and SEC. That’s how naked shorting happens, MM and DTC allows it because it based on “trust.”
The Token is fully collateralized by transferring a authentic registered us stock to a foreign BD to hold.
Soo do all these financial idiots plan like Madoff and hope for the world to end?
Everyone mentions Superstonk we are taking over wall st. You hear hear us wall st “YOU BETTER WATCH OUT”
This is really fucked up
When they make the movie they should cast this guy as himself. He looks like a criminal.
What a big fat liar this asshole is. He's aware of his dishonesty here but arrogantly thinks he's smarter than everyone else. He's going to make someone a lovely girlfriend in prison.
I like how this AMA didn’t involve the community… seems like someone wanted to use the name but not actually figure out if it was actually acceptable… kudos to Citadel for taking over the subreddit - that’s just my opinion, last time I checked, I’m allowed to have one and express it.
Body language export: "When looking up when you talk, is when you make up things"...
He can't be CEO and ignorant.
Platinumsparkles looks like Jwoww from jersey shore.
Why did RC partner with this clown, I think this question is one that deserves some attention too just my opinion
that dude looks like smeagol/gollum from LODR, anyway i didnt understand shit in what he saying but upon checking the comments, everything he said is sht. I still like the stonk, 100%DRSed and i wont sell til price is phone numbers per share
German broker? Who? Trade Republic? I remember there was no buy button 2 years ago.
Enjoy prison my guy see you in 2060
So we need to buy all the tokenized stock, get it on German broker and DRS all the shares. Lol not saying it’s the best idea, nor would I do it (now just buy through Computershare, BOOK!) but will just take all the shares out that they say is, supposedly collateralized. Eventually they will have nothing BUT somehow, they will say they are topping it up or something. Either way this who system is corrupt beyond words and how the fuck can it even be 1:1 backing hahaha. She should of asked the appropriate question right after his bullshit.
Is that casting couch HQ?
He got some ‘splainin to do.
Keep telling the world you’re innocent, Brett. Maybe if you repeat it enough it’ll become true
So, Citi? XD
The background is false, he's using a green screen.
Haha there’s this common body language indicator for how to tell when a person is lying or fabricating a story. When a person tends to move their eyes up and to the right before or while speaking, it’s highly probable that the person is lying. They’re trying to looking into their mind and making an image in their head of what the story should look like. The right side of the brain is responsible for creativity so essentially they’re creating the story as they speak.
Isn’t Germany where a lot of splits in the form a a dividend a problem?
Of course this guy has a black cat…
I’m praying it’s legit shares and naked shares are uncovered in one institution
BOOSTING AS THIS NEEDS A BOOST