The host of Mad Money, Jim Cramer, says former FTX CEO Sam Bankman-Fried (SBF) is a pathological liar and a conman. “That guy is a clueless idiot. Intent means nothing. Saying sorry means nothing,” Cramer stressed.

The host of CNBC’s Mad Money show, Jim Cramer, shared his thoughts about the collapse of crypto exchange FTX and its co-founder and former CEO Sam Bankman-Fried (SBF) in a couple of interviews on CNBC Thursday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.

Commenting on Bankman-Fried’s claim during an interview at the New York Times Dealbook Summit that he “didn’t try to commit fraud on anyone,” Cramer said:That guy is a clueless idiot. Intent means nothing. Saying sorry means nothing. If you commingle, if you had no record keeping, those are against the law.

“Being a nice guy, which he clearly is, is irrelevant … It means absolutely nothing. Some of the nicest people I know have spent some serious time in jail,” the Mad Money host shared.

“He admitted to commingling accounts that shouldn’t be commingled but then he says, ‘it doesn’t really matter I feel bad,'” the Mad Money host continued, adding: “Then again it doesn’t matter if he’s a pathological liar or the most honest man in America. The fact is he broke the law.” Cramer noted: “If you commingle funds … you probably go to jail for that so don’t commingle.”

In a different interview on CBNC Thursday, Cramer opined: “I think Sam whatever — I don’t even want to dignify his full name anymore — is just a con artist.” The Mad Money host elaborated: