31–40 of 123 posts
What is amazing is that nobody infiltrated their structure and ran off with the money. There are sophisticated criminal organisations out there that go to much, much more effort to obtain funding. Just to take Hezbollah since it's all over the news recently: https://en.wikipedia.org/wiki/Funding_of_Hezbollah#Latin_Ame...
> Behind all the finance sheets and code bases, the fall of FTX was in a way incredibly childish: a nerd posse running away with a bunch of other people’s money in the stupidest and simplest way possible. And yet our bimodal justice system spends huge amount of resources giving this 31yo fraudster every possible chance to escape the consequences, simply because he is a member of the elite.
Probably because he's on trial..
Millions of Americans aren't afforded such luxuries; they can't afford adequate legal resources, maybe they get manipulated into a bad plea deal. Hence we have a clearly bimodal justice system.
“I found myself reflecting on how smart the average person is. Maybe they don’t know calculus. Maybe they’ll never read Ulysses. Maybe they can’t code. But they definitely know how to identify bullshit when they see it.” How could anyone believe this? “Average” people fall for bullshit all the time.
> Behind all the finance sheets and code bases, the fall of FTX was in a way incredibly childish: a nerd posse running away with a bunch of other people’s money in the stupidest and simplest way possible. And yet our bimodal justice system spends huge amount of resources giving this 31yo fraudster every possible chance to escape the consequences, simply because he is a member of the elite.
“I found myself reflecting on how smart the average person is. Maybe they don’t know calculus. Maybe they’ll never read Ulysses. Maybe they can’t code. But they definitely know how to identify bullshit when they see it.” How could anyone believe this? “Average” people fall for bullshit all the time.
What is amazing is that nobody infiltrated their structure and ran off with the money. There are sophisticated criminal organisations out there that go to much, much more effort to obtain funding. Just to take Hezbollah since it's all over the news recently: https://en.wikipedia.org/wiki/Funding_of_Hezbollah#Latin_Ame...
You need knowledge for such a penetration. This kind of internal knowledge is usually only available to people working close to the execs.
Earlier quoted context omitted.
Definitely - but it's still notable that he's doing this after voluntarily taking the stand.
Yes, not a lawyer so maybe theres some nuance here but.. I don't get taking the stand voluntarily to just say "I don't recall" endlessly? At some point does the judge tell you to GTFO and strike all your testimony? Can they instruct the jury in some manner harmful to you as a result of your obvious malign intent? Etc..
He's taking the stand (which is a risk) because his lawyer asks him questions that are favorable to him. The risk comes in because the prosecutor gets to cross examine the witness, which is where all this recall stuff came from.
This article has some really great stuff in it but I wish the author would cut the flowery bullshit and most importantly stop trying to make the piece about themselves. I do not care about how much YOU cringed, about the "holy fucking shit" you wrote on YOUR notes, etc. So many journalists nowadays think THEY are the story. Stick to the real story, keep yourself out of it.
as prosecutor Danielle Sassoon went through a brutal line of questioning like a hot buzzsaw through a butter cow
“I found myself reflecting on how smart the average person is. Maybe they don’t know calculus. Maybe they’ll never read Ulysses. Maybe they can’t code. But they definitely know how to identify bullshit when they see it.” How could anyone believe this? “Average” people fall for bullshit all the time.
Think of how smart the average person is. Now realize that half the world is _even smarter_. It blows my mind.