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Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

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Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#11

Post by _jal »

There are interesting questions here. I did not know this bit about Paper Bird not being part of the bankruptcy managed by Ray -

"The bankruptcy filing states that Paper Bird owned 75% of FTX International.1 However, that does not make it part of the FTX bankruptcy. In fact, Paper Bird filed for its own bankruptcy, the same date at FTX did, with separate counsel: Adam Landis of Landis Roth & Cobb while the lead attorney for FTX is James Bromley of Sullivan & Cromwell."

And really, the whereabouts of those loans should be very high up the list of things people are interested in - if nothing else, 10 digits somewhere safe sure is a nice bucket of grease to facilitate a disappearance to somewhere without extradition.

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#12

Post by tom-thistime »

This may be a "culture gap" (or language gap) between crypto and traditional finance. The FT text directly addresses the question that we're told "No one [is] asking." They asked where's the money, and they're exposing the fact that no coherent response has been forthcoming.

That's reporting. The likely interpretation of that piece of reporting is crystal clear to the intended readership. (I.e., the money is probably gone.)

[For people who really want to nerd out: If you read all available public filings, the stories in the financial press are much easier to understand accurately. However this one is not subtle.]

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#13

Post by Animats »

This: "This will probably come out in court anyhow since the creditors will be looking into fraudulent conveyance. So this isn’t something you will be able to hide.”

Yes.

Reading the bankruptcy filings and seeing what the accountants are finding is probably more productive than listening to the self-serving statements of a crook.

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#17

Post by soraki_soladead »

factsarelolz wrote: post #8
nullish_signal wrote: post #4

Quoted post unavailable.

Quoted post unavailable.

> Some theorists even predict another 9/11 since that event transpired after the last Trillion dollar accounting error by the Pentagon.

Dropping “conspiracy” from “conspiracy theorists” is a nice touch but it doesn’t lend much to such a bold claim without sources with evidence.

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#20

Post by mikejulietbravo »

tom-thistime wrote: post #12

This may be a "culture gap" (or language gap) between crypto and traditional finance. The FT text directly addresses the question that we're told "No one [is] asking." They asked where's the money, and they're exposing the fact that no coherent response has been forthcoming. That's reporting. The likely interpretation of that piece of reporting is crystal clear to the intended readership. (I.e., the money is probably…

Correct - the "everyone" is mainly NYT and some politicians. There are some questions there as it's a bit sketchy why they're treating him with such kid gloves.
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