SBF will be the scapegoat, rightly & wrongly. Simply, he's not alone.
He's smart, very bright, but young and vulnerable too. There are others.
And if you'll look, it's apparent. He doesn't have the missing funds.
SBF will be the scapegoat, rightly & wrongly. Simply, he's not alone.
He's smart, very bright, but young and vulnerable too. There are others.
And if you'll look, it's apparent. He doesn't have the missing funds.
He was the CEO, how could he be expected to know everything that was going on in his company? The people under him are responsible.
I’m not sure he will be the scapegoat is the right wording. He was the top guy,correct? So if he pays dearly for misusing funds,wire fraud etc then he’s not the victim (which kinda what scapegoats are) he’s a perp like any other.
Red Sox in 6!
*
Last edited by tj; 06-25-2023 at 12:58 PM.
Champion 184
Mercury 175 EFI
The complete lack of oversight on his firm is scary. They bought somewhere between $121-300 million worth of properties in the Bahamas (figures vary, depending on where you look), all while losing/stealing money. This includes a $20 million vacation home for mom and dad.
War Eagle Blackhawk 2170 - Suzuki 150, MG Xi5
Lowrance HDS 7" & 9" - Twin Talon 12' Anchors
Why anyone would give them money is beyond me.
THIS^^^^^Originally Posted by yatesville88fan
"The man of system is apt to be very wise in his own conceit; and is often so enamored with the supposed beauty of his own ideal plan of government that he cannot suffer the smallest deviation from any part of it…He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chessboard.” Adam Smith, The Theory of Moral Sentiments
Govt wants to regulate cyrpto, with FTX now they have a reason to step in and tell us why they need to do this. Kid was a fish swimming with sharks, look at the people he was connected with. Deep State.
I don’t know what FTX is.
x1000
Greg
Edgewater 245CC
From an article on the Dailywire.com, quoting the acting CEO of FTX;
“Although our investigation is ongoing and detailed findings will have to await its conclusion, the FTX Group’s collapse appears to stem from the absolute concentration of control in the hands of a very small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controls that are necessary for a company that is entrusted with other people’s money or assets,” he remarked."
and; The attorney also noted that FTX executives embarked upon a “spending binge” over the past year, burning through as much as $5 billion on “a myriad of businesses and investments, many of which may be worth only a fraction of what was paid for them.” Bankman-Fried paid millions soliciting celebrities such as quarterback Tom Brady and investor Kevin O’Leary as brand ambassadors.
War Eagle Blackhawk 2170 - Suzuki 150, MG Xi5
Lowrance HDS 7" & 9" - Twin Talon 12' Anchors
Give money to the right people and oversight will look the other way. Pretty obvious.
Do you think he might get suicided? Some of these guys he gave money to most likely will not want it known.
Odds are not in his favor, that's for sure....
odd the timing on the arrest right before he was to testify under oath where the money went.
The ol’ “Little Rock Gun Cleaning Accident”…
E6189E2B-B9B8-4CF9-BA18-72C8A4B4C4A6.jpeg
Ranting incoherently
He was prepared to testify that FTXUS was still solvent and no US people would lose money. Now John Ray makes his entrance and the money is gone. My opinion Ray was hired to protect the interests of the politicians who took money. Republicans got 230 million dollars and democrats got 40 billion. Will that money be returned?
https://www.msn.com/en-us/money/mark...nt/ar-AA15e8Ch
He's 100% going to "not" hang himself in the coming few weeks. Much like the other guy...who absolutely did not kill himself.
Just a joke. Relax.
________
$8
More $$ involved, a lot of "dark" contributions into Super PACs, etc.
Doesn't matter. He committed crimes, or didn't. Same for others.
Last time checked, it's not illegal to donate to campaigns, period.
Of course, I'd prefer to see it gone. Go back to voting on the issues.
Reply With Quote