3 ms·

You see your honor I simply didn’t know I wasn’t supposed to siphon customer funds from one of my businesses to another. Can I truly be charged for a crime if

You see your honor I simply didn’t know I wasn’t supposed to siphon customer funds from one of my businesses to another. Can I truly be charged for a crime if I pretend to be dumb after I get caught?

lern_too_spel 4y ago
His stupidity defense claims that he thought it was a loan, and he didn't know what Alameda Research was doing with the loan.
- Barrin92 4y ago
  does that even make sense? If it was a loan against his customer's assets then the assets would still be there, and the exchange would simply be broke. If the funds are gone then it doesn't matter what for. He had no business lending his customers money away, he ran an exchange.
- roland35 4y ago
  Still, HE WASN'T SUPPOSED TO LOAN THE CUSTOMER MONEY!! If he didn't know that than why was it in the terms of service that his company wrote?
  - lern_too_spel 4y ago
    Because he's stupid and didn't read anything the company's lawyers wrote. That's the whole defense. Saying he loaned money to another company because he didn't know any better works better as a stupidity defense to get a more lenient sentence than what coffeebeqn wrote.
    - SoftTalker 4y ago
      Assuming for sake of discussion he really is that dumb, then he was being used as a puppet by someone else. He'll need to identify that person or people and their stories and evidence supporting them will need to be compared with his.
    - roland35 4y ago
      I mean, it's not like this was some super fine print detail here though... It (we hold your money/crypto for you 1:1 isolated and separated) was basically the entire point of the product.
      - lern_too_spel 4y ago
        I thought the whole point of the product was easy access to margin trading. https://help.ftx.us/hc/en-us/articles/360046850054-Spot-Margin-Trading https://help.ftx.us/hc/en-us/articles/360046850054-Spot-Marg...

3 ms·

You see your honor I simply didn’t know I wasn’t supposed to siphon customer funds from one of my businesses to another. Can I truly be charged for a crime if

by coffeebeqn 4y ago

lern_too_spel 4y ago
His stupidity defense claims that he thought it was a loan, and he didn't know what Alameda Research was doing with the loan.
- Barrin92 4y ago
  does that even make sense? If it was a loan against his customer's assets then the assets would still be there, and the exchange would simply be broke. If the funds are gone then it doesn't matter what for. He had no business lending his customers money away, he ran an exchange.
- roland35 4y ago
  Still, HE WASN'T SUPPOSED TO LOAN THE CUSTOMER MONEY!! If he didn't know that than why was it in the terms of service that his company wrote?
  - lern_too_spel 4y ago
    Because he's stupid and didn't read anything the company's lawyers wrote. That's the whole defense. Saying he loaned money to another company because he didn't know any better works better as a stupidity defense to get a more lenient sentence than what coffeebeqn wrote.
    - SoftTalker 4y ago
      Assuming for sake of discussion he really is that dumb, then he was being used as a puppet by someone else. He'll need to identify that person or people and their stories and evidence supporting them will need to be compared with his.
    - roland35 4y ago
      I mean, it's not like this was some super fine print detail here though... It (we hold your money/crypto for you 1:1 isolated and separated) was basically the entire point of the product.
      - lern_too_spel 4y ago
        I thought the whole point of the product was easy access to margin trading. https://help.ftx.us/hc/en-us/articles/360046850054-Spot-Margin-Trading https://help.ftx.us/hc/en-us/articles/360046850054-Spot-Marg...