I'm definitely anti-IRS at this point in most ways, but... let's be honest, this is FTX we're talking about. Their so-called "balance sheet" for their multi-bil

I'm definitely anti-IRS at this point in most ways, but... let's be honest, this is FTX we're talking about. Their so-called "balance sheet" for their multi-billion dollar operation was an approximately one-screen-large Excel file at a level of detail that would have embarrassed your local plumbing shop. Even through my anti-IRS biases I have no problem whatsoever believing that FTX went well beyond playing "fast and loose" with tax laws to outright tax fraud. I doubt this is even the end of their troubles, which will more likely end simply by the matter becoming moot rather than investigations coming to their end. FTX was so badly run that it isn't even suitable as a business school case study. The questions it really raises is how they got as far as they did at that scale without ramming into one legal wall or another even sooner, and I don't even mean exotic cryptocurrency laws, I mean just plain ol' corporate laws that everyone else faces. How much you want to bet they weren't correctly an Equal Opportunity Employer, or managed to have non-trivial OSHA violations, or... just pick your agency, really.