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Agreed. He absolutely could have caught this if he had cared to, but my guess is he was too caught up in the "move fast and break things" mindset to really give
by superfrank 4y ago
Agreed. He absolutely could have caught this if he had cared to, but my guess is he was too caught up in the "move fast and break things" mindset to really give a shit and that's why I fully support him going to jail for this.
I don't think he intentionally lost peoples' money, but I think he was intentionally reckless and for that reason he should be prosecuted.
- deleted 4y ago[deleted]
- genmud 4y agoIIRC during some of the interviews with Madoff, he didn’t “intentionally” lose peoples money either. Fraud like this is often many little “well, I just need to $x and everything will be OK”.
- sgammon 4y ago> I don't think he intentionally lost peoples' money How do you suppose they took a directional bet, with customer funds, and lost, unintentionally?
- PebblesRox 4y ago> 'oh fuck it looks like people wired $8b to Alameda and oh god we basically forgot about the stub account that corresponded to that and so it was never delivered to FTX' SBF's claim is that FTX customers sent money to Alameda and nobody remembered to categorize it as FTX client money. This is about as believable as my 11yo saying he didn't realize he had to pay for the $50 worth of Pokemon cards he took from Wawa. (This was after he originally claimed the cards were a gift from a friend at camp -- a friend whom he could neither name nor describe to us.)