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There are interesting questions here. I did not know this bit about Paper Bird not being part of the bankruptcy managed by Ray - "The bankruptcy filing states
by _jal 4y ago
There are interesting questions here. I did not know this bit about Paper Bird not being part of the bankruptcy managed by Ray -
"The bankruptcy filing states that Paper Bird owned 75% of FTX International.1 However, that does not make it part of the FTX bankruptcy. In fact, Paper Bird filed for its own bankruptcy, the same date at FTX did, with separate counsel: Adam Landis of Landis Roth & Cobb while the lead attorney for FTX is James Bromley of Sullivan & Cromwell."
And really, the whereabouts of those loans should be very high up the list of things people are interested in - if nothing else, 10 digits somewhere safe sure is a nice bucket of grease to facilitate a disappearance to somewhere without extradition.
- mywittyname 4y agoFind a way to put everyone involved behind bars for many lifetimes with the possibility of parole should the funds be returned. I'm astonished by the number of fraud cases we've seen involving staggering amounts of money, and we don't have laws that give judges the option to put people away for life after some threshold of money is stolen, with the possibility of a reduced sentence only if enough money is recovered. We have RICO for organized crime and I feel like this needs to be expanded to business dealings as well.