Do Kwon arrested in Montenegro: Interior Minister

Post by [deleted] » Thu, Mar 23, 2023, 4:56 PM UTC

SamReidHughes wrote: post #83

calgarymicro wrote: post #49

Earlier quoted context omitted.

Boggles the mind that people are actually taking people like Nic Carter and Barney Frank at face value (that latter one is particularly egregious considering he's literally a former director of the bank) when they say that the FDIC seized a bank with $110 billion in holdings solely to target $4 billion in crypto. Believe it or not, the Fed doesn't care enough about crypto to start a regional banking crisis and blow u…

It was shut down by New York, not the FDIC.

Post by paulpauper » Thu, Mar 23, 2023, 5:02 PM UTC

m3kw9 wrote: post #24

He is probably better off getting caught and get his sentence over with than to live watching his back betting a country won’t turn him in for decades

Post by HDThoreaun » Thu, Mar 23, 2023, 5:03 PM UTC

nbar1 wrote: post #90

kijin wrote: post #80

Earlier quoted context omitted.

The South Korean justice system is notoriously lenient on white-collar crime, and it's exceedingly rare even for violent criminals to be murdered in a Korean prison. The popular perception is that you can spend a couple of years in prison and enjoy your ill-gotten gains for the rest of your life with no further repercussions, provided you've hidden your money well enough. Guess what, the whole point of crypto is that…

> the whole point of crypto is that it's easy to hide. This couldn't be further from the truth and shows how the majority of people do not understand the benefits that crypto offers.

Post by paulpauper » Thu, Mar 23, 2023, 5:04 PM UTC

consumer451 wrote: post #37

notch898a wrote: post #31

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Have you ever been in a jail cell? Almost every day in the US you see someone who decides to go out with guns blazing rather than go back.

This sounds like Hollywood reality for white collar. Here is actual reality: > "Hey Do, I just want to let you know, jail is not that bad," Shkreli said. "So don't fret – I hope it doesn't happen. If it does happen ... it's not that bad." - Martin Shkreli https://www.coindesk.com/business/2022/11/08/pharma-bro-mart...

Post by paulpauper » Thu, Mar 23, 2023, 5:09 PM UTC

kijin wrote: post #80

phphphphp wrote: post #40

Earlier quoted context omitted.

He’ll be watching his back in prison, he’s got access to billions of dollars — or, at least, is perceived to. He has wronged a lot of people, too. Also, prison is a one way street: if he stays on the run, and some day things do get to the point where he would feel safer in prison, he could hand himself in. Once he’s in prison, he has no choice left.

The South Korean justice system is notoriously lenient on white-collar crime, and it's exceedingly rare even for violent criminals to be murdered in a Korean prison. The popular perception is that you can spend a couple of years in prison and enjoy your ill-gotten gains for the rest of your life with no further repercussions, provided you've hidden your money well enough. Guess what, the whole point of crypto is that…