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I thought so too at first, but then how do you separate actual comp (and, say, sale of secondaries) from theft? Like, how much is he allowed in legit bonuses an
by twelve40 4y ago
I thought so too at first, but then how do you separate actual comp (and, say, sale of secondaries) from theft? Like, how much is he allowed in legit bonuses and at which point it becomes too much, and how do they decide that?
Because he could always just say I bought that place with a hard-earned bonus that year, and gifted it to my parents, who are of course even more clueless about those money things than I am.
- water8 4y ago
- greenyoda 4y ago> Because he could always just say I bought that place with a hard-earned bonus that year, and gifted it to my parents... Except that isn't what happened. Apparently, the house was bought by FTX, not by SBF. The article says: > Bankman-Fried’s parents became involved in the scandal when Reuters broke that the professors had been named owners of a $16.4 million vacation home purchased by FTX. His parents told Reuters that they are seeking to return the deed to FTX. If they thought the house was a legitimate gift from their son, why would they be trying to return it to FTX?
- twelve40 4y agowell, they too could play dumb and claim complete ignorance up until the very point Reuters gave them an epiphany, but... yeah, I see what you're saying