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

Post by [deleted] » Tue, Dec 06, 2022, 5:58 PM UTC

stonemetal12 wrote: post #60

ethanbond wrote: post #37

Earlier quoted context omitted.

Seems to me people have completely unrealistic expectations of how financial crimes play out. This will take years to unwind. Pretty obvious the "why isn't he in jail yet" screaming is coming from the same place as "why aren't I rich yet," on which this entire empire was built. This stuff takes time. He's very obviously going to prison. For context: Enron, whose operations and collapse caused way more negative impact…

Is the media tour a defense plan? Anyone who might be a decent juror is now exposed to news of the crime and prejudice against him.

Post by zoklet-enjoyer » Tue, Dec 06, 2022, 6:00 PM UTC

xwdv wrote: post #65

hungryforcodes wrote: post #52

Earlier quoted context omitted.

What? How does Tether come into this? How is it related to FTX?

Tether is related to FTX in the sense it is also a fraud and will eventually collapse.

Post by gitfan86 » Tue, Dec 06, 2022, 6:08 PM UTC

hungryforcodes wrote: post #52

onlyrealcuzzo wrote: post #21

Earlier quoted context omitted.

The main thing people claim Tether does is: 1. pretend to have customers 2. pretend those customers have deposits 3. issue Tether to front those deposits 4. pump up their favorite coins with their newly minted Tethers My first suspicion would be that FTX was more fraudulent to its investors than people claim. It pretended to have a lot more customers & deposits than it actually did to pump up FTT, to get real money f…

What? How does Tether come into this? How is it related to FTX?

Post by jjtheblunt » Tue, Dec 06, 2022, 6:10 PM UTC

mikejulietbravo wrote: post #20

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.

Post by coffeeblack » Tue, Dec 06, 2022, 6:10 PM UTC