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You think this is ignorance? I know very little about finance or the technology of finance but this is pretty clearly fraud and criminal behavior. My only ques
by lancesells 4y ago
You think this is ignorance? I know very little about finance or the technology of finance but this is pretty clearly fraud and criminal behavior.
My only question is was he able to pay for his private jets or residences in FTT? He seemed pretty convincing to a lot of people so it would be interesting to see if everything was paid in his own made up currency.
- monetus 4y agoI don't think ignorance and fraud are mutually exclusive. I think he has put both on display to a pretty significant degree, personally.
- Tiktaalik 4y agoI presume his walking around money was from loans from banks based on his equity in FTX. This seems to be like the standard thing that the super rich whose wealth is tied up in tech stock do these days.
- tootie 4y agoHe was handed billions in USD by VCs. I'm sure he stashed a lot of that in a Vanguard mutual fund while he made a show of operating his perpetual motion machine.