Shark Tank’s Kevin O’Leary grilled over why he kept HIS money at failed SVB if he thought bank was run by ‘idiots’ – just months after former FTX spokesman revealed he lost $15M when crypto giant imploded
Shark Tank star Kevin O’Leary had billions of dollars of his company money tied up in the failed Silicon Valley Bank – despite calling bosses ‘idiots’ this week.
O’Leary – who also lost $15 million when crypto firm FTX imploded last year – was questioned over his ties to SVB in a toe-curling interview with Fox New’s Sean Hannity on Tuesday night.
Several companies under the entrepreneur’s private equity portfolio had deposits with SVB including crypto firm Circle which held $3 billion in the beleaguered bank.
It comes after he repeatedly slammed bosses at SVB as ‘negligent’ and ‘idiots,’ asking ‘why should taxpayers bail them out?’
