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Several investigations have been opened: https://www.reuters.com/technology/manhattan-us-attorneys-office-investigates-ftx-downfall-source-2022-11-14/ https://w

Several investigations have been opened: https://www.reuters.com/technology/manhattan-us-attorneys-office-investigates-ftx-downfall-source-2022-11-14/ https://www.reuters.com/technology/manhattan-us-attorneys-of.... It's likely a very complicated case, so I would imagine it will take some time. It took what, 2-3 years to bring the case against Elizabeth Holmes over Theranos?

adam_arthur 4y ago
I’m aware that probes have started, but with very little fanfare or pomp behind them. Perhaps people prefer that approach, but to me this is a situation that calls for vocal messaging from the top. The fraud is public for all to see and pretty much indisputable. It’s far worse than Bernie Madoffs scheme ever was Evidence needs to be gathered before any formal prosecution sure, but would like to see more of a verbal acknowledgement of the clear wrongdoing from regulators
- thinkharderdev 4y ago
  Do they typically do that? My understanding (and I am very much NAL) is that the standard practice is to only officially discuss ongoing investigations if they are ready to file charges which honestly seems like a good practice. And honestly I would be pretty surprised if there aren't any criminal charges coming out of this whole fiasco.
- davrosthedalek 4y ago
  From a certain viewpoint, I think the "little fanfare" is a good thing. I certainly prefer it from grand-standing declarations that somebody will end up in jail before any investigation has been performed. Yes, it seems like a pretty straight-forward case. But still. I'd prefer it more if this standard of restrained would be applied everywhere. It clearly isn't, and that is a problem. Not only, but certainly also, because it makes one wonder if the restrained is motivated by CYA.
- colpabar 4y ago
  Dude it is plainly obvious that the government isn’t making a big stink of it because a ton of people in the government benefited from FTX’s political donations, and a real investigation will expose that. That is why the donations are important.

adam_arthur 4y ago

I’m aware that probes have started, but with very little fanfare or pomp behind them. Perhaps people prefer that approach, but to me this is a situation that calls for vocal messaging from the top. The fraud is public for all to see and pretty much indisputable. It’s far worse than Bernie Madoffs scheme ever was Evidence needs to be gathered before any formal prosecution sure, but would like to see more of a verbal acknowledgement of the clear wrongdoing from regulators

thinkharderdev 4y ago
Do they typically do that? My understanding (and I am very much NAL) is that the standard practice is to only officially discuss ongoing investigations if they are ready to file charges which honestly seems like a good practice. And honestly I would be pretty surprised if there aren't any criminal charges coming out of this whole fiasco.
davrosthedalek 4y ago
From a certain viewpoint, I think the "little fanfare" is a good thing. I certainly prefer it from grand-standing declarations that somebody will end up in jail before any investigation has been performed. Yes, it seems like a pretty straight-forward case. But still. I'd prefer it more if this standard of restrained would be applied everywhere. It clearly isn't, and that is a problem. Not only, but certainly also, because it makes one wonder if the restrained is motivated by CYA.
colpabar 4y ago
Dude it is plainly obvious that the government isn’t making a big stink of it because a ton of people in the government benefited from FTX’s political donations, and a real investigation will expose that. That is why the donations are important.