4 ms·

On which ground would SBF be prosecuted? From what I understand, dealing only with unregulated crypto assets mean he didn’t have any obligation on how he inves

On which ground would SBF be prosecuted? From what I understand, dealing only with unregulated crypto assets mean he didn’t have any obligation on how he invested those (nor provide any safety guards for his investors).

ksherlock 4y ago
He collected American VC money, which means wire fraud, etc. BUT his book keeping was so shitty he didn't even know it was fraud and thus lacks mens rea
- notch656a 4y ago
  IANAL but my understanding is reckless disregard is mens rea, whether the result of that disregard was intentional or not.
  - stevehawk 4y ago
    I'm sorry officer, I didn't know I couldn't do that.
DennisP 4y ago
You don't get a free pass on fraud just because it's crypto, or any other unregulated asset. SBF and his company lied about how they were handling customer assets.