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The regulators didn't catch Madoff. SBF's greatest punishment will not be jail. It will be that he can't show his face in public for fear of running into someo
by nroets 4y ago
The regulators didn't catch Madoff.
SBF's greatest punishment will not be jail. It will be that he can't show his face in public for fear of running into someone who lost money.
Noone will want to do business with him anymore because of reputational risk.
Ftx most likely had deposits from some really cleaver hackers with real anger management issues. Any parcel he opens could be a bomb.
Prediction: The next mega entrepreneur in the crypto space will be extremely transparent.
- cmeacham98 4y agoSBF's greatest punishment won't be jail because it looks like he won't go to jail. I don't know about you, but I'd much rather have a garbage reputation than go to jail for a long time.
- deleted 4y ago[deleted]
- AdamN 4y agoYeah, it will be just like Adam Neumann at WeWork ... he'll never raise money again ...
- OmegaPG 4y agoVery apt username you have!
- raverbashing 4y agoI wonder at what point will the investors in these funds start to complain (I mean, except for the "Vision Fund" or other BS like that). But Sequoia's reputation probably took a dump from the latest episode
- MrBuddyCasino 4y agoMaybe its nothing, but a lot of those crypto billionaires recently died shortly after one another: Vyacheslav Taran, 53: died in helicopter crash Mircea Popescu, 41: drowned in the ocean Tiantian Kullander, 30: died in his sleep Nikolai Mushegian, 29: found dead on a Puerto Rico beach
- actionablefiber 4y ago> The regulators didn't catch Madoff. In some sense, sure they did. He went to jail. And his investors got back 80 cents on the dollar.