Episode 92

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Published on:

25th Nov 2022

A New Sex Tape Appears, Twitter 2.0 and Mike Tyson is Misunderstood

The collapse of FTX continues as a stunning list of allegations against the company’s former leadership has surfaced.  John J. Ray III, the group’s new chief executive officer, said in a sworn declaration submitted in bankruptcy court, 'Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.' He slammed non-existent oversight and the misuse of client funds as advisors struggle to locate billions of dollars in missing assets.

In today's episode of The Higher Standard, Chris and Saied dig into the FTX implosion, described as a free-wheeling crypto enterprise devoid of virtually every policy and practice that would be the norm for almost all other corporations.


They look at the continuing drama of Elon Musk's purchase of Twitter as even more staff exit the company following his reorganization and ultimatum.


Chris and Saied discuss why Elon Musk's 'Twitter 2.0' will likely be bad for the brand, the platform and the users in the long run.


They also discuss a recent article describing the debut of a new cannabis infused edible called 'Holy Ears,' created by legendary boxers Mike Tyson and Evander Holyfield. The edibles are named after a notorious moment in 1997 when Tyson bit off part of Holyfield's ear during a bout.


Join Chris and Saied for this fascinating conversation.


Enjoy!


What You’ll Learn in this Show:

  • What happened to cause the implosion of FTX, and why the financial mismanagement involved is reminiscent of the Enron debacle.
  • Why advisors have located only a fraction of digital assets that they hope to recover during FTX's Chapter 11 bankruptcy.
  • Why Jeff Bezos doesn't seem to care about company morale in the traditional sense.
  • Chris' thoughts of the future of public journalism in the wake of Elon Musk's purchase of Twitter.
  • And so much more...


Resources:

Irma Lomidze Instagram

"FTX’s New Boss Reveals Chaos Left Behind by Bankman-Fried" (article from Bloomberg Law)

"New wave of resignations hits Twitter after Musk ultimatum" (article from CNBC)

"Mike Tyson and Evander Holyfield Team Up for “Holy Ears” Edibles" (article from Now This News)




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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your hosts; Chris Naghibi and Saied Omar here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

About your host

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Christopher Naghibi

Christopher M. Naghibi is the host and founder of The Higher Standard podcast — a rapidly growing media platform delivering unfiltered financial literacy, real-world entrepreneurship lessons and economic commentary for the modern era.

After nearly two decades in banking, including his most recent role as Executive Vice President and Chief Operating Officer of First Foundation Bank (NYSE: FFWM), Christopher stepped away from corporate life to build a brand rooted in truth, transparency, and modern money insights. While at First Foundation, he had executive oversight of credit, product development, depository services, retail banking, loan servicing, and commercial operations. His leadership helped scale the bank’s presence in multiple national markets from $0 to over $13 billion.

Christopher is a licensed attorney, real estate broker, and general building contractor (Class B), and he brings a rare blend of legal, operational and real estate expertise to everything he does. His early career spanned diverse lending platforms, including multifamily, commercial, private banking, and middle market lending — holding key roles at Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.

In addition to his media work, Christopher is the CEO of Black Crown Inc. and Black Crown Law APC, which oversee his private holdings and legal affairs.

He holds a Juris Doctorate from Trinity Law School, an MBA from American Heritage University, and two bachelor degrees. He is also a graduate of the Yale School of Management’s Global Executive Leadership Program.

A published author and sought-after speaker (unless it’s his son’s birthday), Christopher continues to advocate for financial empowerment. He’s worked pro bono with families in need, helped craft affordable housing programs through Habitat for Humanity, and was a founding board member of She Built This City — helping spark interest in construction and trades for women of all ages.