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Anthony Scarammuci also noted that there was clearly fraud in the SBF and FTX debacle, while Mike Novogratz said theres a side of him that would like to punch SBF in the face. 8867 Total views 47 Total shares Listen to article 0:00 News Own this piece of history

Collect this article as an NFT SkyBridge Capital CEO Anthony Scaramucci said that his firm can buy back the stake of the company it sold to FTX back in September last year. Meanwhile, Galaxy Digital CEO Mike Novogratz has indicated that he would be tempted to punch SBF right in the jaw. SkyBridge and FTX

FTX Ventures acquired a 30% stake in the alternative asset manager SkyBridge for an undisclosed fee on Sept. 9, just a couple of months before FTX filed for bankruptcy in November.

Speaking to CNBC on Jan. 13, Scaramuci noted that in light of FTXs troubles, SkyBridge is making progress in buying back that stake but suggested the move wouldnt be able to get sorted until probably the end of the first half of this year.

Were waiting for the clearance from the bankruptcy people, the lawyers and the investment bankers to figure out exactly what were going to be buying back, and when, the CEO said, adding that, I think it will resolve itself favorably.

Speaking on former FTX CEO and founder Sam Bankman-Fried, Scaramucci outlined his thoughts that there has likely been some foul play there.

I think its very clear now that there was fraud. Well of course have to let the legal system determine all of those things. But for Sam, he’s got three of four of the principles that have worked alongside him have already pled guilty, and explained to prosecutors what they did, Scaramucci said.

Caught up with @Scaramucci today. FTX and Sam Bankman-Fried bought a 30% stake in Scaramucci's SkyBridge Capital before FTX collapsed. Now Scaramucci says that he's confident he'll be able to buy that stake back. Given new facts, he also alleges SBF committed fraud pic.twitter.com/jxltXdjCKW— Arjun Kharpal (@ArjunKharpal) January 13, 2023

The CEOs comments provide a stark contrast to his previous statements to CNBC from November, in which Scaramucci refused to use the fraud word due to its legal ramifications and urged Sam and his family to tell the truth to their investors, get to the bottom of the whole debacle.

According to SkyBridges website, it had $2.2 billion worth of assets under management as of Sept. 30, 2022, with roughly $800 million of the figure comprised of digital-asset-related investments. Galaxy CEO looking for a smackdown

Galaxy Digital CEO Mike Novogratz says there is a side of him that would like to punch both SBF and Digital Currency Group CEO Barry Silbert for their reported antics during crypto winter.

In an interview with Bloomberg posted on Jan. 13, Novogratz noted that the FTX ordeal ended up directly costing Galaxy around $77 million. As such, hes not a huge fan of SBF and other alleged misbehavior in the space over the past year.

The toxic masculine side of me would like to punch them both in the jaw, he said of SBF and Silbert, before adding specifically on SBF: Youve got to be f—ing kidding me. Like, really, you a——?

Related: Crypto community unimpressed by SBFs lengthy Substack letter

Novogratz ultimately admitted that he is still a crypto proponent despite 2022 being such a wild year for the industry.

He did note, however, that he wished he had taken more capital off the table earlier in 2022 before FTX and even the Terra/LUNA ecosystem went bust. Still, he says he managed to get more than $1 billion out before that year began. #Business #Bankruptcy #Asset Management #Mike Novogratz #FTX Related News What is impermanent loss and how to avoid it? Sam Bankman-Frieds charitable donations sought by FTX: Report FTX asset sales challenged by U.S. Trustee: Report FTX units on auction block draw 117 interested buyers: Court filing Miami-Dade gains right to remove FTX name from Heat arena

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Rich Rod bans Mountaineers from TikTok dancing

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Rich Rod bans Mountaineers from TikTok dancing

MORGANTOWN, W.Va. — West Virginia coach Rich Rodriguez, like all football coaches, wants his players to show up on time, work hard and play their best.

Oh, and another thing: Don’t dance on TikTok.

“They’re going to be on it, so I’m not banning them from it,” he said Monday. “I’m just banning them from dancing on it. It’s like, look, we try to have a hard edge or whatever, and you’re in there in your tights dancing on TikTok, ain’t quite the image of our program that I want.”

Making TikTok dance videos is a popular activity among high school- and college-age users of the social media platform. Heisman Trophy winner Travis Hunter, Boise State star Ashton Jeanty and Nebraska’s Dylan Raiola are among college football players who have posted dance videos.

Rodriguez is beginning his second stint as Mountaineers coach. He said he has talked to his players about the tendency in society to emphasize the individual rather than the team and that banning TikTok dancing is something he can do to put the focus where he thinks it belongs.

“I’m allowed to do that. I can have rules,” he said. “Twenty years from now, if they want to be sitting in their pajamas in the basement eating Cheetos and watching TikTok or whatever the hell, they can go at it, smoking cannabis, whatever. Knock yourself out.”

As for now, he said: “I hope our focus can be on winning football games. How about let’s win the football game and not worry about winning the TikTok?”

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Battle, DB star at USC and former Jet, dies at 78

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Battle, DB star at USC and former Jet, dies at 78

LOS ANGELES — Mike Battle, an All-American defensive back and a member of USC‘s 1967 national championship team who later played two seasons for the New York Jets, has died. He was 78.

He died of natural causes on March 6 in Nellysford, Virginia, the school said Tuesday.

In 1967, Battle led a USC defense that allowed only 87 points all season. The Trojans were 26-6-1 and won three conference titles during his three-year career. Battle played in the 1967, 1968 and 1969 Rose Bowl games, all won by the Trojans.

Battle was USC’s annual punt return leader in each of his three seasons and still owns the school record for most punts returned in a season. He was the NCAA statistical champion in 1967, when he had 49 returns for 608 yards, a 12.4-yard average. He also holds the school mark for most punts returned, with 99 during his three years.

He was chosen in the 12th round of the 1969 NFL draft by the Jets and played for two seasons in 1969 and 1970.

Battle appeared in the 1970 film “C.C. and Company,” a biker film starring Jets teammate Joe Namath and actor Ann-Margret.

He is survived by his wife Laura and children Christian Michael, Hunter, Frank, Michael, Kathleen, Murphy and Annie.

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Stars forward Hintz out a week with facial injury

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Stars forward Hintz out a week with facial injury

Dallas Stars forward Roope Hintz will be sidelined for a week with a facial injury but avoided a fracture.

General manager Jim Nill said Tuesday that Hintz has to keep his heart rate down for 5-7 days to avoid pressure or swelling.

Hintz, 28, was struck in the face by a puck midway through the second period in Saturday’s 5-4 loss at Edmonton. He did not return.

Hintz is tied for second on the Stars in goals (25) and is fourth in points (52) through 59 games this season.

He has 362 points (172 goals, 190 assists) in 451 career games in seven NHL seasons. Dallas drafted him in the second round in 2015.

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