This seems no worse than what Deutsche Ban and Wells Fargo have been caught doing. I think maybe his mistake was not doing this through corporate obfuscation at

This seems no worse than what Deutsche Ban and Wells Fargo have been caught doing. I think maybe his mistake was not doing this through corporate obfuscation at a large enough scale. Although Bankman-Fried and Madoff got punished with prison time, they threatened the wealthy with their fraud so steering clear of that has to be taken into account.