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> Behind all the finance sheets and code bases, the fall of FTX was in a way incredibly childish: a nerd posse running away with a bunch of other people’s money
by pphysch 3y ago
> Behind all the finance sheets and code bases, the fall of FTX was in a way incredibly childish: a nerd posse running away with a bunch of other people’s money in the stupidest and simplest way possible.
And yet our bimodal justice system spends huge amount of resources giving this 31yo fraudster every possible chance to escape the consequences, simply because he is a member of the elite.
- spiderice 3y agoProbably because he's on trial..
- pphysch 3y agoThe fact that there's a significant chance that he can get away with totally inept, broad daylight theft of billions of dollars is a major motivation for such crimes. Millions of Americans aren't afforded such luxuries; they can't afford adequate legal resources, maybe they get manipulated into a bad plea deal. Hence we have a clearly bimodal justice system.
- edgyquant 3y agoEvery US citizen is guaranteed a right to a trial by a jury.
- jowea 3y agoNot everyone gets a top notch lawyer and money for bail through.
- justrealist 3y agoLet's focus on giving other people resources so they can have a fair trial, rather than complaining that someone does did get it.