5 ms·
From what I’ve read, it’s not exactly clear that Madoff had a plan, it seems more like he lied to a few people about being able to make them a lot of money, and
by nickff 3y ago
From what I’ve read, it’s not exactly clear that Madoff had a plan, it seems more like he lied to a few people about being able to make them a lot of money, and that snowballed into him taking a lot of “investments” that he didn’t know what to do with.
From what I’ve seen about SBF, it does seem like he has a very high risk tolerance, was betting big to win big, and thinking the reward was worth the risk.
- tim333 3y agoFunnily enough if SBF hadn't been found out the investments probably would have recovered enough to cover the deposits and he'd still be a hero.
- Repulsion9513 3y agoTether, Terra, Circle, crypto lending Heck it's almost like this describes crypto itself
- Breza 3y agoIn the short term, sure, but SBF liked to make big risks and it seems inevitable that he would have been on the losing side of a bet that he'd made with money that was supposed to be safer than a treasury bond.
- rmbyrro 3y agoYea, ponzi schemes start by accident. It requires no planning