I don't understand the magic of using the word "fraud." Personally, I find this description of the actual alleged offense much more enlightening and equally dam

I don't understand the magic of using the word "fraud." Personally, I find this description of the actual alleged offense much more enlightening and equally damning: "FTX improperly used billions of dollars of customer funds to prop up a trading firm that he also founded." In any case, I'm not really here to argue about whether The NY Times used exactly the right language in describing the situation. I'm reacting more to the claim that The NY Times is somehow covering for SBF here ("daddy and mommy's friends are hard at work") which strikes me as baseless.