Comment on 'Crypto King' Sam Bankman-Fried guilty of FTX fraud
fiat_lux@kbin.social 1 year agoFair point, but maybe he's another one of these people who will get special considerations for information about larger companies that a government needs for evidence.
Who knows? I ought to stop cynically speculating, but the world is making it hard not to.
I do hope he's another Shkreli though, who annoyed the old money boomers with his ostentatious nouveau riche antics enough to become their poster-manchild for their "See? Bad things do (sometimes) happen to bad rich people!" campaigns.
SmoothIsFast@citizensgaming.com 1 year ago
Hate to break it to you, ftx’s biggest scam was in tokenized securities still being traded today and being used as free locates for market makers without any real shares backing these things. Wall Street is so fucking corrupt its not even funny.
fiat_lux@kbin.social 1 year ago
For sure. Which is one reason I expect house arrest is so likely. All it takes is for one of the major multiglobals to be in some scheme that the government has decided to crack down on, and there's your leverage in sentencing negotiation. It's why I've given up on the concept of rich people going to prison, there's always another fish they can offer up for frying, because billionaire social circles are tiny.