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This guy is something else. He's one of the largest scammers in history, if not the largest, by the amount of appropriated funds. But he's also very "cute", I m

This guy is something else. He's one of the largest scammers in history, if not the largest, by the amount of appropriated funds. But he's also very "cute", I mean he cannot open his mouth without incriminating himself. This is going to be a good show. On a more serious note I do hope for some serious sentences on the back of it (counted in decades, maybe a few life sentences if possible), because it's too much of a financial fraud to even look plausible. Yet it is real. If you want some good writeups check out the old dependable "Money Stuff" by Matt Levine, every paragraph is better than the last.

eastbound 4y ago
> But he's also very "cute" You’re unvoluntarily making another good point here: He’s young and, yes, cute in the form of having smooth skin, and young. Such things affect the imaginary of people: Old guys are often seen as bad guys in movies. Jurys are heavily influenced by looks. 30 years old and good-looking is an upside in affairs. I wonder whether the average age of scammers is getting smaller, due to being able to penetrate large finance much quicker in life. Madoff had to be 50-60 to setup such a large scheme. SBF is 30. Will the next AI-wizz be 2 years above legal age?
- mr90210 4y ago
  I am quite sure that Holmes was also “cute”.
john-tells-all 4y ago
There's a theory that his "gee shucks I'm so cute and dumb" thing is an act. He's portraying a character. No one is dumb enough to talk so much to so many news outlets after losing so much money.
- H8crilA 4y ago
  Could be, absolutely. But I'm guessing there's more than enough evidence to convict him already. The real question is just how deep the rabbit hole goes, I bet this is what the prosecutors are working on. Meanwhile, "never interrupt your enemy while he's making a mistake".
- baremetal 4y ago
  https://en.wikipedia.org/wiki/Idiot_defense https://en.wikipedia.org/wiki/Idiot_defense "The idiot defense" is a satirical term for a legal strategy where a defendant claims innocence by virtue of having been ignorant of facts of which the defendant would normally be expected to be aware. Other terms used for this tactic include "dumb CEO defense", "dummy defense", "ostrich defense", "Ken Lay defense", and "Sergeant Schultz defense" "Ostrich defense" makes me laugh every time.
keewee7 4y ago
>He's one of the largest scammers in history, if not the largest, by the amount of appropriated funds. Not true. There are plenty of bigger scams. Even my tiny country (Denmark) has been involved in bigger scams like when Danske Bank laundered $230 billion out of Russia and into tax havens around the world.

eastbound 4y ago

> But he's also very "cute" You’re unvoluntarily making another good point here: He’s young and, yes, cute in the form of having smooth skin, and young. Such things affect the imaginary of people: Old guys are often seen as bad guys in movies. Jurys are heavily influenced by looks. 30 years old and good-looking is an upside in affairs. I wonder whether the average age of scammers is getting smaller, due to being able to penetrate large finance much quicker in life. Madoff had to be 50-60 to setup such a large scheme. SBF is 30. Will the next AI-wizz be 2 years above legal age?

mr90210 4y ago
I am quite sure that Holmes was also “cute”.

john-tells-all 4y ago

There's a theory that his "gee shucks I'm so cute and dumb" thing is an act. He's portraying a character. No one is dumb enough to talk so much to so many news outlets after losing so much money.

H8crilA 4y ago
Could be, absolutely. But I'm guessing there's more than enough evidence to convict him already. The real question is just how deep the rabbit hole goes, I bet this is what the prosecutors are working on. Meanwhile, "never interrupt your enemy while he's making a mistake".
baremetal 4y ago
https://en.wikipedia.org/wiki/Idiot_defense https://en.wikipedia.org/wiki/Idiot_defense "The idiot defense" is a satirical term for a legal strategy where a defendant claims innocence by virtue of having been ignorant of facts of which the defendant would normally be expected to be aware. Other terms used for this tactic include "dumb CEO defense", "dummy defense", "ostrich defense", "Ken Lay defense", and "Sergeant Schultz defense" "Ostrich defense" makes me laugh every time.

keewee7 4y ago

>He's one of the largest scammers in history, if not the largest, by the amount of appropriated funds. Not true. There are plenty of bigger scams. Even my tiny country (Denmark) has been involved in bigger scams like when Danske Bank laundered $230 billion out of Russia and into tax havens around the world.