> The chairman of FBH is Jean Chalopin, who, along with being a co-creator of cartoon cop Inspector Gadget in the 1980s, is the chairman of Deltec Bank
wat
FTX’s ownership of a U.S. bank raises questions
61–70 of 226 posts
Re: FTX’s ownership of a U.S. bank raises questions
#62Earlier quoted context omitted.
Yes, but you also seem to know more about the story than the average person. When SBF lies or gaslights, you can see right through it. Different story for the average listener, who will be listening to most interactions with an open mind and susceptible to whichever person tends to be more charming or persuasive.
While I have little confidence in the average NYT reader I think people need to be able to make up their own minds, and Sam has an important and relevant perspective which we should be able to take into account, even if he might frame it in a way that makes him look good
It's not like he hasn't been talking or typing.
His lawyers probably reckoned he was talking way too much, was too much of a liability and dropped him immediately.
The real question is he keeps receiving positive media coverage? They keep trying to frame him as, just a "dumb kid and his friends" that "accidentally misplaced billions" - when in fact, it is pretty obvious he planned most of it, by how his complex corporate structure was and the constant deleting of evidence every step of the way.
Not to mention how he gave himself over a billion of personal loans and spending millions on bribes towards the end for hopes of political protection when he knew he was running out of rope to hide his scam.
Re: FTX’s ownership of a U.S. bank raises questions
#63[deleted]
Re: FTX’s ownership of a U.S. bank raises questions
#64My question is why the NY times is still running a summit where SBF is currently still scheduled to speak.
I am surprised the NYT didn't de-platform him.
Actually, I am not surprised the NYT did not de-platform him.
Re: FTX’s ownership of a U.S. bank raises questions
#65My question is why the NY times is still running a summit where SBF is currently still scheduled to speak.
He hasn't been convicted let alone charged with a crime (yet). When he is, his actions weren't violent. He's not a radicalizing figure and letting him speak doesn't hurt anyone (as opposed to an Alex Jones type).
> When he is, his actions weren't violent.
He stole tremendous amounts of people's money. I hope you're as forgiving to him as you are towards to the people who caused the 2008 economic collapse. At least they weren't actively stealing people's money.
Re: FTX’s ownership of a U.S. bank raises questions
#66Earlier quoted context omitted.
He admitted to using client funds against the stated TOS. Embezzlement, Fraud, whatever - a crime did occur, regardless of if it was crypto, and every country I've run across has laws against that. Untangling how to charge him, and where, and digging up concrete enough evidence to file an indictment is going to take awhile of course. The post-bankruptcy CEO seems to be finding plenty. As with a lot of non-violent cri…
What he's admitted to are loose financial controls and by the letter of the law it's not illegal to be bad at your job. Obviously no one really believes his "whoopsie poopsie accidentally lost a few billion" story but technically he hasn't yet admitted to a crime.
Nope. Mishandling customer funds yourself against your own stated use of said funds to customers when you gathered those funds is one of those crimes above, depending on specifics.
Bad financial controls is if someone else whoopsie accidentally steals or mishandles the funds. Which at least per a cite provided earlier, he admitted to doing it himself.
To be able to claim a lack of culpability for this requires a degree of plausible ignorance about what the left and right hands were doing. He seems to be working hard to chip away at any sort of plausibility there.
Re: FTX’s ownership of a U.S. bank raises questions
#67> The chairman of FBH is Jean Chalopin, who, along with being a co-creator of cartoon cop Inspector Gadget in the 1980s, is the chairman of Deltec Bank wat
There was another amazing exposé of Tether a few months ago all about this. I can’t remember if it was on Bloomberg, but that Inspector Gadget bit stuck out to me too.
Re: FTX’s ownership of a U.S. bank raises questions
#68Earlier quoted context omitted.
The claim is that they’ll use the opportunity to grill him with hard questions and check his lies on the spot. In reality, I have a hard time believing that after watching Kanye West’s recent media tour where he steamrolled his interviewers and used their platforms to repeat his claims over and over again. Even the podcasts where interviewers supposedly pushed back the most (Lex Fridman is often given as an example)…
SBF is probably paying for the best personal brand repair money can buy. He knows if you can achieve the cult like following of Elon or Trump you can become untouchable with the right bribes.
SBF's name is the reputational equivalent of Bernie Madoff.
You think people are going to help him make a comeback or convince people to give him more money?
His only counsel now is going to be criminal lawyers. No PR firm or conference interview could save this dude's reputation.
Re: FTX’s ownership of a U.S. bank raises questions
#69Earlier quoted context omitted.
While I have little confidence in the average NYT reader I think people need to be able to make up their own minds, and Sam has an important and relevant perspective which we should be able to take into account, even if he might frame it in a way that makes him look good
It's not like he hasn't been talking or typing. His lawyers probably reckoned he was talking way too much, was too much of a liability and dropped him immediately. The real question is he keeps receiving positive media coverage? They keep trying to frame him as, just a "dumb kid and his friends" that "accidentally misplaced billions" - when in fact, it is pretty obvious he planned most of it, by how his complex corpo…
Not sure where you’re seeing this coordinated effort to frame him positively. Im sure there are some takes like that, but there is also:
https://www.wsj.com/articles/ftx-sam-bankman-fried-sit-in-th...
https://www.axios.com/2022/11/16/ftx-sam-bankman-fried-incom...
I’m seeing plenty of critical coverage. Are you really not seeing that?