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They used FTT as collateral for loans used on trading activities that boosted FTT value It's not literally a Ponzi, but it's Ponzi adjacent behavior, like what
by VHRanger 4y ago
They used FTT as collateral for loans used on trading activities that boosted FTT value
It's not literally a Ponzi, but it's Ponzi adjacent behavior, like what Bill Hwang did.
- quickthrowman 4y agoBill Hwang lied about his market exposure to the brokers who sold him the equity swaps. It was just garden variety fraud with no ponzi adjacent behavior at all.
- Kstarek 4y agoHe actually didn't lie lol, they knew they just didn't care as he was a very profitable customer
- colinmhayes 4y agoBill hwang didn’t even take investor money. How did you come to the conclusion that his behavior was ponzi adjacent?