2 ms·
Yes but it’s fairly complex and he keeps presenting it as a mistake and a lack of controls. He hasn’t admitted to it as fraud, which is (I’ve heard) hard to pr
by kasey_junk 4y ago
Yes but it’s fairly complex and he keeps presenting it as a mistake and a lack of controls.
He hasn’t admitted to it as fraud, which is (I’ve heard) hard to prove.
- pierrebai 4y agoSpending your customer deposit that are legally off-limits, and that he said were off-limit, on things like houses, properties, etc for your own self and family is not a straight-up admission of wrong doing? Since when breaking and entering a looting a house can be defended with "well, I thought all was fine"? He admitted numerous times doing things that are straight up illegal.
- tick_tock_tick 4y ago> customer deposit that are legally off-limits Where did you get this impression? Even that part is potentially up for debate. FTX isn't a bank or anything like that and they say that FTX USA is actually still solvent and will payout. I have my doubts about the last one but if he actually pays all US customers back he might get away with this.
- wmf 4y agoSpending your customer deposit that are legally off-limits, and that he said were off-limit, on things like houses, properties, etc for your own self and family This isn't proven. He could have bought those houses with VC money not customer deposits.