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Sam Bankman-Fried Is Charged with Foreign Bribery
- ejstronge 4y agoCan anyone comment on how necessary this sort of behavior might be to operate in middle economies / developing economies?
- smt88 4y agoIt's absolutely necessary for operating in a lot of countries. That doesn't make it acceptable or moral. The company could instead choose to be less profitable and not expand in that country. It's not "necessary" in the broader sense of being profitable.
- Overtonwindow 4y agoAllow to play Devil's Advocate for a moment: Why should bribery of a foreign official be illegal in the United States?
- EdwardDiego 4y agoBecause it endangers all US business interests in foreign jurisdictions. https://en.wikipedia.org/wiki/Foreign_Corrupt_Practices_Act#History https://en.wikipedia.org/wiki/Foreign_Corrupt_Practices_Act#...
- dclusin 4y agoViolation of the Foreign corrupt practices act carries a prison sentence up to 5 years and $100k of fines. This is not Sam's year.
- klyrs 4y agoI can kinda see his face on the front of Time Magazine. This is Sam's year, just not in a good way.
- blackflame7000 4y ago[dead]
- DANmode 4y agoLuck has nothing to do with this — right?
- ZeroGravitas 4y agoA crypto company having its crypto seized by a government seems a bit ironic. Isn't avoiding that the one valid use case for crypto?
- valdiorn 4y agoYes. Except turns out that the ability to inflict violence (imprison you, and hurt you if you try to flee or don't comply) is still the ultimate power, from which all other power is derived. There is no money, taxes or private ownership without "violence".
- say_it_as_it_is 4y agoWhereas bribery in America is legal and expected, so no charges will be made on that front
- sourcecodeplz 4y agoThey keep piling on at this point. Again the medias' credibility got lower for me when the NYtimes et all kept defending this thief.
- i67vw3 4y agoAlso WSJ, which was the most odd.