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The idea that these people are more intelligent than everyone else has to be a joke at this point It really comes down to who is willing to take the most risk
by AndrewKemendo 4y ago
The idea that these people are more intelligent than everyone else has to be a joke at this point
It really comes down to who is willing to take the most risk on behalf of investors
Watch: This CEO will come back in a few years with another scheme that is backed by millions in venture money, just like Kalanick
- JumpCrisscross 4y ago> Watch: This CEO will come back in a few years with another scheme If some of these allegations [1] are credible, he and everyone in his orbit are going to jail. [1] https://news.ycombinator.com/item?id=35329117 https://news.ycombinator.com/item?id=35329117
- chatmasta 4y agoI doubt you'll see CZ in any country with a US extradition treaty any time soon.
- JumpCrisscross 4y ago> doubt you'll see CZ in any country with a US extradition treaty If he's financing terrorism, a broad extradition treaty goes from being a blocker to a diplomatic hurdle. (To be clear, I'm not suggesting kidnapping. Governments can negotiate one-off extraditions for high-value targets.) It also appears he was knowingly financing Hamas and Russia, which makes the list of potential enemies (and people who would prefer him dead to compromised) substantial.
- bombcar 4y agoAnd when you’re dealing with entities like that they just might decide to save everyone the expense of a trial.
- arcticbull 4y agoHe'll probably want to stay away from high-floor windows.
- hef19898 4y agoOr more than waist deep bodies of water. Or railways.
- bolanyo 4y agoIt really doesn't appear he was 'knowingly financing Hamas and Russia'. There is a transparent attempt by the CFTC to talk up the pretty nothingy evidence of this.
- nradov 4y agoA treaty isn't required for extradition. A treaty formalizes the process but countries do routinely extradite suspects even without treaties. This especially applies to fugitive third-country nationals. The US government will sometimes negotiate special quid pro quo deals to apprehend high profile suspects.
- rodgerd 4y agoYou say that, but ask Andrew Tate how that's working out for him.
- boeingUH60 4y agoThe BitMex guys pulled a similar move…they all paid fines and avoided jail.
- JumpCrisscross 4y ago> BitMex guys pulled a similar move…they all paid fines and avoided jail It looks like a combination of ongoing criminal trials, home confinement and probation [1]. [1] https://en.wikipedia.org/wiki/BitMEX https://en.wikipedia.org/wiki/BitMEX
- glerk 4y agoThis is a civil case. Nobody is going to jail.
- JumpCrisscross 4y ago> This is a civil case. Nobody is going to jail This case isn't putting them in jail. But they're going to jail. Literal terrorist financing.
- p_j_w 4y ago>Literal terrorist financing. No one from HSBC went to jail, either.
- JumpCrisscross 4y ago> No one from HSBC went to jail, either There wasn't evidence it was willful. Looking the other way gets you fined. Texting your colleagues about laundering money shows intent, the most difficult part of most financial crimes to prove in court.
- areyousure 4y agoLol. > Bernhardt alleges that HSBC evaded the OFAC filter beginning in the early 1990s and continuing through 2009. HSBC Bank UK implemented procedures to help sanctioned entities access and benefit from U.S. financial services. For instance, such entities would include a “cautionary note” in their transactions, such as “care sanctioned country,” “do not mention our name in NY,” or “do not mention Iran.” Based on these notes, HSBC Bank UK would manually scrub all references to Iran or a sanctioned entity, which would allow otherwise illegal transactions to pass through to HSBC Bank US. This system allowed HSBC Bank US to “process[] thousands of ‘repaired’ transactions worth billions of dollars.” HSBC Bank UK would also use “cover payments,” or bank-to- bank transfers, to avoid disclosing the identity of its customers.
- zoklet-enjoyer 4y ago[flagged]
- deleted 4y ago[deleted]
- beefield 4y ago> The idea that these people are more intelligent than everyone else has to be a joke at this point There is a reason why someone way funnier than me came up with "Dunning-Krugerrand"