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It’s a shame that only a small handful of people will be going to prison for this, if at all. There are probably dozens of corrupt attorneys, professors, accoun
by hokumguru 4y ago
It’s a shame that only a small handful of people will be going to prison for this, if at all. There are probably dozens of corrupt attorneys, professors, accountants, and bankers associated with this fraud that should be spending their life behind bars.
- primitivesuave 4y agoFrom FTX chief regulatory officer Daniel Friedberg's objection [1], FTX head of counsel Ryne Miller manipulated the bankruptcy proceedings and channeled its exorbitantly expensive legal work to Sullivan & Cromwell, ostensibly so he can return as a partner after this fiasco is over. > Mr. Miller told me that the bankruptcy filings of FTX International Group, the Alameda Group, and the FTX.US Group had to be in the United States because otherwise S&C couldn’t do the job. (35, p. 8) > Mr. Miller stated that he needed to include FTX.US as part of the bankruptcy because FTX.US had the cash to pay S&C its retainer. Without this retainer from FTX.US, S&C wouldn’t file. I told him that it wasn’t proper for FTX.US to pay for the expenses of the bankruptcy of FTX International Group or the Alameda Group. [1] johnreedstark.com/wp-content/uploads/sites/180/2023/01/FriedbergObjection.pdf