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If you conduct criminal activity while employed, you conducted criminal activity. You can't just walk into work at 8am, kill someone at 9am, and go home at 5. Y

If you conduct criminal activity while employed, you conducted criminal activity. You can't just walk into work at 8am, kill someone at 9am, and go home at 5. You still did the crime, and can be prosecuted for it. So let me rephrase your question: can a US citizen file some papers internationally that would permit them to conduct criminal activities in the US against other US citizens. The answer should not be surprising.

hn_throwaway_99 3y ago
That's not at all how I interpreted the comment you are responding to. That is, FTX's customers knew, or most definitely should have known, that FTX (and crypto at large - that is essentially the primary selling point of crypto) was "outside the regulatory financial framework". Yet when things blew up and all these FTX customers lost all their money, there was very little reflection of "Hey, perhaps these financial regulations really do have some purpose.", it was more "I want the government to now enforce the banking laws that I was essentially trying to evade in the first place."
- rgbrenner 3y ago
  SBF wasn't convicted for violating financial regulations (such as maintaining capital liquidity, reporting transactions or meeting KYC requirements). He was convicted of fraud and conspiracy.
  - hn_throwaway_99 3y ago
    Yes, I know, but the type of fraud and conspiracy SBF committed is much easier when you're at a financial institution that essentially has no regulators or auditors keeping tabs on thing. Just read some of the reports John Ray III, the current "cleanup" FTX CEO, wrote shortly after he was brought in. It was a total clown show, with little to no documentation for things like huge multimillion loans to FTX principals. It's a lot easier to steal money when there is no standardized, auditable paper trail to begin with.
- tim333 3y ago
  If you look at the superbowl ad, it all looks American style and doesn't say much about offshore. "FTX US all rights reserved." and crypto is volatile it says in the small print. It looked kind of US regulated and US regulators certainly took note when it stole US customers money. https://youtu.be/hWMnbJJpeZc?t=129 https://youtu.be/hWMnbJJpeZc?t=129

hn_throwaway_99 3y ago

That's not at all how I interpreted the comment you are responding to. That is, FTX's customers knew, or most definitely should have known, that FTX (and crypto at large - that is essentially the primary selling point of crypto) was "outside the regulatory financial framework". Yet when things blew up and all these FTX customers lost all their money, there was very little reflection of "Hey, perhaps these financial regulations really do have some purpose.", it was more "I want the government to now enforce the banking laws that I was essentially trying to evade in the first place."

rgbrenner 3y ago
SBF wasn't convicted for violating financial regulations (such as maintaining capital liquidity, reporting transactions or meeting KYC requirements). He was convicted of fraud and conspiracy.
- hn_throwaway_99 3y ago
  Yes, I know, but the type of fraud and conspiracy SBF committed is much easier when you're at a financial institution that essentially has no regulators or auditors keeping tabs on thing. Just read some of the reports John Ray III, the current "cleanup" FTX CEO, wrote shortly after he was brought in. It was a total clown show, with little to no documentation for things like huge multimillion loans to FTX principals. It's a lot easier to steal money when there is no standardized, auditable paper trail to begin with.
tim333 3y ago
If you look at the superbowl ad, it all looks American style and doesn't say much about offshore. "FTX US all rights reserved." and crypto is volatile it says in the small print. It looked kind of US regulated and US regulators certainly took note when it stole US customers money. https://youtu.be/hWMnbJJpeZc?t=129 https://youtu.be/hWMnbJJpeZc?t=129