"Equity" features Gary Wang, CTO of FTX, and Caroline Ellison, CEO of Alameda, as they testify in Sam Bankman-Fried's trial. They discuss the downfall of FTX, fraudulent practices at the company, and the outrageous story of Alameda bribing Chinese officials. The podcast also explores the challenges faced by startups, the use of customer funds by FTX and Alameda, and the increasing line of credit that led to FTX's bankruptcy filing. The defense's performance in cross-examining witnesses is discussed, with anticipation for more investor-related testimonies.

Molly and Jason discuss Caroline Ellison and Gary Wang pleading guilty to securities fraud. (2:04) Then Lon Harris joins J+M for this week’s edition of This Week in Streaming, where they discuss YouTube’s new 7-year multibillion-dollar deal with the NFL. (36:57) We wrap with Part 1 of their review of Todd Field’s latest film Tár. (1:06:12) (0:00) J+M Kick off the show (2:04) Molly and Jason react to Caroline Ellison and Gary Wang pleading guilty to securities fraud (8:36) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist (12:29) The Truth of FTX is confirmed + the difference between marketing a product and a security (22:49) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist (23:59) How will VCs fair if tokens are ruled as securities (30:16) Molly and Jason’s hot takes on the FTX fallout (35:17) Founder University - Build your MVP with help from Founder University at course.founder.university (36:57) YouTube inks multibillion-dollar streaming deal with the NFL (55:40) Lon runs down the topics in his newsletter, including Netflix’s Wednesday becoming a smash hit + actors who have not acted in a streaming series  (1:06:12) Part 1: Molly, Jason and Lon review Todd Field’s Tár (TO BE CONTINUED)

Nikhilesh De of CoinDesk joins the podcast to discuss the ongoing trial of Sam Bankman-Fried. The interesting topics covered include the testimony of witnesses Gary Wang and Carolyn Ellison. They explore the implications of lying in the trial, Carolyn's testimony and her portrayal of her relationship with Bankman-Fried, Ellison's testimony about alleged Chinese government bribery, a funds freezing scheme, wire fraud rumors, and the judge's frustration during the trial. The podcast also analyzes the trial proceedings and defense strategy.

Former FTX CTO, Gary Wang, reveals improper relationship and special privileges between FTX and Alameda research. Alameda took advantage of undisclosed benefits, resulted in overdrawn accounts by $8 billion. Also explores the increase in Alameda's credit line, reaching an effectively infinite credit line of $65 billion.

Former FTX co-founder, Gary Wang, testifies that Sam Bankman-Fried knew his company was illegally taking customer funds. Host Zack Guzman discusses the testimony and upcoming bombshell testimony from SBF's ex-girlfriend, Caroline Ellison. Topics include lack of oversight in the crypto industry and the complexity of the case.