hard to believe, killers and rapists are doing 5-10 in our new restorative justice world. punishment for crimes is so 90's
%% LOL that's not the way scams work\ stupid is not illegal. WSJ noted they have a real good criminal case against him. Should we pass a law against stupid WSJ reporters that still compare Mr Bankman Fried to JP Morgan??
He is fighting extradition to the US. US should exert pressure on Bahamian authorities to hand him over. They should not allow him to go scot free.
Man, that was painfully long. Yet why do I smell hypocrisy? Just 2 years ago, when BTC was making daily ATHs, wouldn't the same author not have made some lavish remarks about FTX and their achievements in making the world for the better? BTW what is meritocracy anyway? Meritocracy and money go hand in hand. Once money dries up, so does meritocracy.
What, he's not considered "too big to fail"? Not that I'm condoning what SBF has done, but his crime is peanuts compared to what some of the Wall Street Gordon Gekko's have done in 2008. And none of them went to prison, as far as I know.
Sure enough, CNBC now is plastering video after video on SBF's arrest, like no one knows about it still. In any case, SBF should have kept his mouth shut. Now it makes a lot more sense why Bill Hwang kept so quiet and underground after his hedge fund imploded. This dragged officials into a whole year before they scraped enough together to feel confident about charging the X-Billionaire. And even THEN Bill Hwang has done everything to avoid the public and make no statements. The fall of Archegos is very similar to FTX, yet the founders acted in exact opposition. This clip never gets old: