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the frauds were stopped by Sam going to jail. There was still money left by liquidating, which in hindsight was a very poor timing.
by paulpauper 1y ago
the frauds were stopped by Sam going to jail. There was still money left by liquidating, which in hindsight was a very poor timing.
- ealexhudson 1y agoSure, but would we really want to tell liquidators to manage assets for best eventual return rather than just convert everything to cash? In this instance, in hindsight, sure - you'd want the other thing, you want the bitcoin not the cash. But this feels like the exception that proves the rule.
- dgacmu 1y agoThe job of the trustee of a bankrupt company is not to commit further fraud by gambling with the remaining funds.
- triceratops 1y ago> hindsight If the liquidators had perfect hindsight, they'd be trading their own money. Not cleaning up other people's messes. Their job is to be responsible and follow procedure.