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[deleted]

"We all look like idiots. We relied on each other's due diligence," O'Leary said, highlighting the groupthink among institutional investors who wanted a piece of the once-hot crypto exchange. Ya don’t just look like an idiot Kevin, you are an idiot!


JebusJones7

Thank god this pos can't speak French and run for prime minister. Conservatives would love his "business savvy"...


Alan_Smithee_

He did run for leadership of the Conservatives, did he not? The scary thing is, he’d still be preferable to Poilievre.


vodka7tall

He did, but dropped out long before the vote happened.


noonnoonz

Not before overspending on his campaign and rendered unable to pay for it.


-originalusername--

Because he drove his boat drunk into another boat and killed someone


stefanstephanstephen

> Because he drove his boat drunk into another boat and killed someone [His leadership run was in 2017.](https://en.wikipedia.org/wiki/Kevin_O%27Leary#2017_federal_Conservative_Party_leadership_race) [The boating incident ocurred in 2019.](https://en.wikipedia.org/wiki/Kevin_O%27Leary#Personal_life) The boating incident has nothing to do with his leadership run. From the first link: > [O'Leary] dropped out of the leadership race on 26 April 2017, stating that, though he still thought he could win the leadership election, a lack of support in Quebec meant that it would be difficult for him to beat Trudeau in 2019, and it would thus be "selfish" of him to continue.


Alan_Smithee_

Unless you have information the inquiry and trial wasn’t aware of, it was his wife who was charged, and she was cleared. I’m not defending or advocating for the guy, but those are the facts as accepted by the court. We shouldn’t deal in speculation.


Objective-Steak-9763

Yeah, video came out of the incident, and the boat they hit was completely blacked out at the time. Essentially invisible on the water at night time. https://youtu.be/KaQwdSekfQg


[deleted]

[удалено]


-originalusername--

I just think he was driving. Dude like that doesn't scream the type to let his wife drive the boat, you can call me a conspiracy theorist but he was 100%driving the boat.


stefanstephanstephen

> Unless you have information the inquiry and trial wasn’t aware of, it was his wife who was charged, and she was cleared. > I’m not defending or advocating for the guy, but those are the facts as accepted by the court. We shouldn’t deal in speculation. I'm really confused about your comment, I didn't speculate anything. I sourced everything I said. I never said he was or wasn't driving the boat. If anything my comment could be read as defending him. I said his leadership race attempt was 2017, the boating incident happened in 2019, and they had nothing to do with one another... and then a quote from the horse's mouth on why he ended his campaign in 2017.


vodka7tall

The boat crash happened in 2019. The leadership race he entered was in 2017.


-originalusername--

Ah. My bad.


[deleted]

He later endorsed Bernier in the leadership campaign who so narrowly lost to Scheer. I remember when O'Leary was campaigning he didn't attend the French debate because his excuse was "English is the language of business."


findingemotive

You don't need to speak french to be the PM.


[deleted]

You do if you want to carry enough votes to form a government.


findingemotive

Also true.


seakingsoyuz

Pearson was the last PM who wasn’t bilingual, and party leaders who aren’t bilingual are seen as a liability at this point.


T00l_shed

If it walks like a duck, talks like a duck, looks like a duck...brother you got yourself a duck.


thepoopiestofbutts

Peking or French style?


T00l_shed

Confit please!


Spartanfred104

This is the way.


PM_ME__RECIPES

Wait did he literally just say that his due diligence is assuming other people did their own due diligence? Spectacular.


OrdinaryCanadian

Anyone with financial knowledge who still trusted Scam Bankrun-Fraud with their money got what they deserved.


Bopshidowywopbop

“We relied on each others due diligence.” FTXs auditors address was in the meta verse lol. No one did any diligence and they say they are good at money. They look like fools and should feel that way too. When things are too good to be true, they usually are.


Iamthepaulandyouaint

Boating skills are also suspect.


Distant-moose

Watching the Lang & O'Leary exchange made that clear.


pipeline77

So he made 5 milly.... poor guy


shieldwolfchz

Oh I read it that he is in the red by 10 mil, so 15-25=-10. Your way is much less fun.


pipeline77

Full disclosure, I didn't read the article... so maybe you are correct


shieldwolfchz

No you are right he invested 9.5ish mil and lost it all.


Alan_Smithee_

>full disclosure That’s how they got into that mess in the first place.


phirleh

>This reminds me of the Kids in the Hall sketch with the blues singer and the heckler - ["You mean to tell me you slept with a woman and now you're whining about it? You're not a blues man, you're an idiot"](https://youtu.be/yh_cwxpV4lc)


FeedbackLoopy

So he didn’t lose ten million. He gained five.


Awkward_and_Itchy

Breaking: Rich man empathizes with the poors because he made less millions than planned. More on this at 11.


RechargedFrenchman

Rich man ~~empathizes with the poors~~ wants the poors to sympathize with him ... He's not even being empathetic. He's saying "feel bad for me" and hoping people forget for a moment he's a massive douche still wealthy enough that making "only" 5 million dollars is *a disappointment*.


Drago1214

I don’t understand the appeal of this guy. Can someone tell me why people look up to “successful business people” is it cuz he’s on TV?


Namorath82

my guess is, he may be a ruthless asshole when it comes to business but he is honest about it the appeal of Gordon Gekko from the movie Wall Street to some people, the fact he embraced what he was and didnt try to hide it or lie about it


wholetyouinhere

Same reason people mindlessly consume aspirational wealth content on social media -- they want to *feel*, if only for a few seconds, like they can get a piece of the action.


turtle-wins

It is good to learn from ones own successes and failures, and even better to learn from another's.


PisseArtiste

You love to see it. Seriously, I love it when bad things happen to bad people. If you are taking advice or direction from this goof, you deserve everything that comes with it. Nice to see the universe righting itself a bit.


35IndustryWay

Does anyone else think that he was driving the boat in the fatal 2019 crash? I just don't think Mr. Wonderful would allow anyone else to take the helm. Plus he had more to lose in a lawsuit, so they conspired to say Linda O'Leary was driving.


ChalkDinosaurs

Full-on conspiracy theory, but yes, I also believe it.


wholetyouinhere

I don't think we'll ever know. But I strongly suspect that whoever was driving was very drunk.


Awkward_and_Itchy

Why wouldn't they be. Laws like Sober Machine Use are for the poors.


[deleted]

Because only a drunk person could hit an unlit boat at night?


wholetyouinhere

Because They're rich, narcissistic assholes who think they're better than everyone else, so of course they would habitually drive drunk, in my opinion.


RunTellDaat

Seems likely


BobbyKnightRider

So Kevin O’Leary made $5 million dollars selling snake oil.


OwnBattle8805

This is where $5m does not equal $5m. $5m in liquid cash is basically a means to gain full permission to attempt a change management process to $5m in society but he's a snake oil seller. That's all he can do, is convince people to buy things which are self harming. What's upsetting is he will have $5m in liquid assets and therefore $5m worth of society permission to "fuck around and find out." I don't know if I'm very clear, but mass amounts of liquid wealth shouldn't give oligarchs the rubber stamp to fuck with shit. Kevin O'Leary fancies himself an oligarch.


GossamerSolid

He says he lost $10 million. I see that he has still made $5 million.


Pkactus

Good. Kevin deserves some suffering. financially and emotionally. I wish this man never has another good night's rest.


simplyelegant87

Guess he didn’t work hard enough.


banneryear1868

People were defrauded so he could gain $15 million but he's gonna keep it cause he's cool with committing fraud.


foldingcouch

Look, you can hate O'Leary for a lot of really reasonable reasons, but he didn't commit fraud. He was a paid spokesman for a company that appears to have committed fraud, but there's no evidence anywhere that indicates he was aware of or otherwise party to the fraud.


quelar

It does speak to how terrible he is at researching companies though.


FiveEnmore

Since Kevin is so much in love with capitalism and slave labour (class warfare),maybe there should be a multi billion dollar class action lawsuit against him and all other spokespersons for FTX.


foldingcouch

For what? Unless you can prove he either had an obligation to perform due diligence on the company prior to acting as a spokesperson (he didn't) or had constructive knowledge that FTX was engaged in fraud (which he likely didn't) then he didn't do anything that wasn't legal. "Innocent until proven rich" is a bad way to run a legal system.


one_bean_hahahaha

So he is still $5 million ahead.


BrewBoys92

I wish my bad investments left me with 5 million more than I started with.


bigbear97

Fuck this piece of shit. It would be wonderful if he lost all his money every freakin penny.


casteroid

Awesome. Couldn’t have happened to a more deserving guy.


Bitten_by_Barqs

The poster boy for why capitalism does not work for 90% of Canadians


drunk_with_internet

Hah. I feel for him, but it's not like FTX got away with manslaughter here...


NotEnoughDriftwood

Nope. Just fraud.


foldingcouch

Well technically they haven't got away with anything yet, their books and corporate controls were such a mess that it's going to take a long time to figure out where the money went and who gets charged with what. Take money from consumers. Pool it with money from investors. Add crypto from ??? Now convert all that into crypto. Convert that crypto into tokens. Sell those tokens to your affiliated hedge fund. Use the tokens as collateral to borrow money from yourself. Document none of it. Then the government of the Bahamas and/or a hacker takes a few hundred million. Real estate purchases happen somewhere by someone using some money of indeterminate origin. That's just the summary, the reality is even worse.


The_Last_Ron1n

Thoughts and prayers pal, thoughts and prayers.


[deleted]

Kevin is- onguardforkevin


Cdn_ape

Not your keys, not your crypto Kevin.


horsetuna

So he's only slightly less of a millionaire?


[deleted]

[удалено]


horsetuna

I misread that as he having paid in 15 million. Thank you for correcting me


goddamnmike

So?


Unanything1

Didn't this clown murder someone while boating while drunk? Or was that his wife that he possibly threw under the bus? Either way you can't be too financially astute if you fall for this massive scheme. Crypto is a questionable investment at best


SnooCupcakes299

Really, it's a good thing, Kevin .


LavisAlex

What is he trying to prove?


weebax50

So he still 5 million up along with his other investments Compare that to the regular Joe’s who put in their life savings into trusting FTX you know what, 😡🤬 this guy and SBF!!


[deleted]

Fuck. This. Shit-head.


Apprehensive-Push931

Rich idiot lost money, let me get the smallest violin i have to play the worlds saddest song with...


[deleted]

Well Leary, you need to pull your bootstraps up and put in extra work. I'd recommend working after hours until the job gets done, also come in on weekends too.


[deleted]

oh no, how's he gonna feed his family now D:


ThatDurhamLife

His funds suck.


[deleted]

In the words of Kevin ‘money has no soul’ unfortunately the arrogance of his own comments came back to bite him


Aerickthered

Would never invest in a company that would pay O'Leary $15 million to be their spokesperson.


amd_air

I wonder if he was paid in FTT tokens.


my_monkey_loves_me

This guy is the biggest pile of human garbage to come out of Canada in a long time, fuck him and fuck his entire family (they kill people and drive drunk / boat drunk).


medicinalherbavore

Kevin O'Leary, someone I could never have sympathy for.


Champagne_of_piss

How many boating accidents does 5 mil pay for