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To which I have to keep linking this comment[1] which explains why Enron would reasonably take longer than FTX. If you don't want to read it, it's: A) Massive
by SilasX 4y ago
To which I have to keep linking this comment[1] which explains why Enron would reasonably take longer than FTX. If you don't want to read it, it's:
A) Massive corporate hierarchy in which to untangle responsibility vs SBF and a few others,
B) Complex accounting subtleties vs "lol we gambled customer deposits", and
C) Lawyering up and denying everything vs blabbing to every journalist he can[2]
In practice, the reason he hasn't been arrested is because of jurisdiction and the delays extraditing him, not because it's just so hard to make a case.
[1] https://news.ycombinator.com/item?id=33724683 https://news.ycombinator.com/item?id=33724683
[2] For which I would recommend this explanation why the interviews help to build a case: https://news.ycombinator.com/item?id=33873628 https://news.ycombinator.com/item?id=33873628
- ethanbond 4y agoTotally, I don't expect this to take quite as long as Enron, but I certainly wouldn't expect things to be much further after, what, 5 weeks?