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While I think they do deserve very close scrutiny and investigation, receiving gifts obtained with stolen funds unknowingly is not in itself a crime. At the ti

by 0xy 3y ago

While I think they do deserve very close scrutiny and investigation, receiving gifts obtained with stolen funds unknowingly is not in itself a crime. At the time, by all appearances, their son was a very successful entrepreneur. Considering SBF himself still doesn't believe he did anything wrong, it's entirely possible he made his family believe it.

labrador 3y ago
New FTX CEO says ‘unprecedented’ lack of oversight, bad decisions caused collapse https://www.timesofisrael.com/new-ftx-ceo-says-unprecedented-lack-of-oversight-bad-decisions-caused-collapse/ https://www.timesofisrael.com/new-ftx-ceo-says-unprecedented... If my son was running a billion dollar crypto company and I was a lawyer, I'd certainly ask the right questions to make sure he wasn't getting himself in over his head and had protections in place. But maybe the multimillion dollar property calmed any concern they might have had
- 0xy 3y ago
  If SBF can pass the scrutiny of multiple journalists, investors and hedge funds then I don't think he'd have any issue with someone with a legal background. SBF is a lot of things but he's most certainly a good speaker and persuader, as most swindlers tend to be.
  - xwolfi 3y ago
    Bankman specifically extracted 10M by creating a tax-friendly scheme: SBF would increase his own loan from 250 to 260M from Alameda, donate it to his dad, cancel the loan later while offsetting with a charity donation to his mother. Why did Bankman father do it ? He was humiliated by his 200k a year salary at FTX US and commanded his son pay him more.
- prennert 3y ago
  Or if you are a good lawyer, you know what questions not to ask..
  - xwolfi 3y ago
    Your own son ?
- john020 3y ago
  [flagged]
xwolfi 3y ago
Bankman was employed by FTX and akin to a cofounder. Hardler an innocent granpa receiving a windfall by surprise from a diligent son committing crimes in secret...

by 0xy 3y ago

labrador 3y ago

New FTX CEO says ‘unprecedented’ lack of oversight, bad decisions caused collapse https://www.timesofisrael.com/new-ftx-ceo-says-unprecedented-lack-of-oversight-bad-decisions-caused-collapse/ https://www.timesofisrael.com/new-ftx-ceo-says-unprecedented... If my son was running a billion dollar crypto company and I was a lawyer, I'd certainly ask the right questions to make sure he wasn't getting himself in over his head and had protections in place. But maybe the multimillion dollar property calmed any concern they might have had

0xy 3y ago
If SBF can pass the scrutiny of multiple journalists, investors and hedge funds then I don't think he'd have any issue with someone with a legal background. SBF is a lot of things but he's most certainly a good speaker and persuader, as most swindlers tend to be.
- xwolfi 3y ago
  Bankman specifically extracted 10M by creating a tax-friendly scheme: SBF would increase his own loan from 250 to 260M from Alameda, donate it to his dad, cancel the loan later while offsetting with a charity donation to his mother. Why did Bankman father do it ? He was humiliated by his 200k a year salary at FTX US and commanded his son pay him more.
prennert 3y ago
Or if you are a good lawyer, you know what questions not to ask..
- xwolfi 3y ago
  Your own son ?
john020 3y ago
[flagged]

xwolfi 3y ago

Bankman was employed by FTX and akin to a cofounder. Hardler an innocent granpa receiving a windfall by surprise from a diligent son committing crimes in secret...