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The funds should be easy to audit and claw back from the political recipients and distribute back to the victims, right? ...right? /S
by game_the0ry 3y ago
The funds should be easy to audit and claw back from the political recipients and distribute back to the victims, right?
...right?
/S
- BoxFour 3y agoIt’s not uncommon for a bankruptcy court to initiate a clawback of payments like this.
- game_the0ry 3y agoGiven the political nature of the fraud, I am not confident that will happen, but I am hopeful.
- BoxFour 3y agoWhy would a bankruptcy court judge care about that? They have pretty long terms and they’re not appointed by congress.
- game_the0ry 3y agoEveryone, judges included, have their biases that they usually not aware of.
- BoxFour 3y agoThe implication you're making is that the result is essentially unknowable and also implies your opinion on this is spurious: We might as well equally assume the judge is biased against legislators and is eager to claw back the donations. The way the judge’s biases lie and how they might affect their decisions is essentially a random unknowable variable, unless you have good information on this particular judge to support your claim.
- blitzar 3y agoGiven the political nature of the fraud, I am MORE confident that will happen. https://en.wikipedia.org/wiki/Game_theory https://en.wikipedia.org/wiki/Game_theory
- hackernewds 3y agoOnly possible in America when it afflicts the middle class.
- BoxFour 3y agoYes, that is where the bankruptcy proceedings for FTX are taking place. Bankruptcy law from other countries aside from maybe the Bahamas wouldn’t really be relevant to FTX.
- eli 3y agoMost of the recipients have already pledged to donate the money. Some have already done so.
- game_the0ry 3y ago...where do I begin. > Most of the recipients have already pledged "Most" have "pledged"...that does not give me as much comfort as it gives you. > Some have already done so. To who? Do those politicians perhaps have relationships with the orgs they donate to? I wouldn't trust a politician as far as I can throw one. Especially in this case where they could have easily returned the money to the bankruptcy trustee.
- sharts 3y agoIt’ll be like Sanders wiring funds to his family’s non-profit. What a thing freedom and democracy is.
- eli 3y agoAll campaign expenditures are public data. Most picked charities from the area they represent.
- anonymoushn 3y agoI'm sure FTX creditors will be happy with these choices.
- eli 3y agoI don't really understand what you're getting at.
- anonymoushn 3y agoLike if someone defrauded you and gave the money to politicians and the politicians gave the money to charities they were affiliated with instead of returning it to you I'm sure you'd be happy with that.
- deleted 3y ago[deleted]