FTX collapse was not a liquidity crisis

Discussion in 'Crypto Assets' started by BMK, Nov 19, 2022.

  1. M.W.

    M.W.

    Let's see how many years Holmes will actually spend. I referred to the actual time spent in prison.

     
    #21     Nov 19, 2022
  2. M.W.

    M.W.

    Bullshit, what are you talking about? You don't know how much time Holmes will be spending in prison.

    Martha Stewart spent 5 months in prison. Read about her choice of prison lol:

    Stewart wanted to go to prison in Connecticut or Florida. She did not want to serve at the Federal Prison Camp in Alderson, West Virginia, owing to its remote location; in 2004, her lawyer said that the remoteness would make it difficult for Stewart's then-90-year-old mother to visit.[60] Judge Miriam Goldman Cedarbaum recommended to the Federal Bureau of Prisons (BOP) that Stewart be given her first choice, Federal Correctional Institution, Danbury, or her second choice, Federal Correctional Complex, Coleman.[61]



     
    #22     Nov 19, 2022
  3. M.W.

    M.W.

    Taubman spent 10 month in prison.

    You should really do your research, you are completely wrong on your claims.

     
    #23     Nov 19, 2022
  4. M.W.

    M.W.

    Kenneth Lay did not spend a single day in prison. He conveniently died before from artery disease, probably from eating too many lobsters and crab.

    And Bernie Ebbers was released early in 2019,probably the only guy worth serious coin who ever spent more than 10 years in prison in modern times.


     
    #24     Nov 19, 2022
  5. easymon1

    easymon1

    delete.jpg
     
    #25     Nov 19, 2022
  6. BMK

    BMK

    According to Wikipedia, Martha Stewart served five months in prison. She "avoided a loss of $45,673 by selling all 3,928 shares of her ImClone Systems stock on December 27, 2001, after receiving material, nonpublic information from Peter Bacanovic, her broker at Merrill Lynch. The day following her sale, the stock value fell 16%."

    The Stewart case was a colossal joke. They wanted to make an example out of a rich celebrity. And the case did indeed highlight how rich people don't always play by the rules, and she got caught. I'm not saying nothing illegal happened. But the real criminals were her broker and the CEO of ImClone, a guy named Sam Waskal. Waskal got seven years and served 85% of his sentence. Her broker only got five months.

    I'm not convinced that Stewart knew she was making decisions based on illegally obtained insider information. People who are that rich live in a bubble, and they follow the advice of their handlers. That doesn't mean she was innocent. But she got a slap on the wrist. The amount of money involved, for her, was ridiculously small. $45K is not that much money even to a few people here in the ET community. For Martha Stewart, that's probably just a morning shopping trip in the Cayman Islands.

    Sam Waksal sold a lot his stock in advance of negative news from the FDA. That was real insider trading, and that's why he got seven years.
     
    #26     Nov 19, 2022
  7. taowave

    taowave

    And lets not forget Uncle Bernie Madoff


     
    #27     Nov 19, 2022
  8. easymon1

    easymon1

    Clipboard02.jpg
     
    #28     Nov 19, 2022
  9. easymon1

    easymon1

    delete4.jpg
     
    #29     Nov 19, 2022
  10. BMK

    BMK

    Ummm... yeah, right. And Michigan Gov. Gretchen Whitmer is George Soros' niece.

    How 'bout some names, Dude? What are the names of Caroline Ellison's parents? And how is the SEC Head? And who was that person's former boss?

    How 'bout some verifiable--or falsifiable--information?

    This is pure horseshit.
     
    #30     Nov 19, 2022