Msg. 37348 of 58650 (This msg. is a reply to
37316 by
Zimbler0)
Jump:
...Crypto and Bankman go together like POnzi Scheme and Madoff. If they do some forensic accounting into bankman's affairs I bet they will find that he has some cash squirreled away somehwere. It's not like a scoundrel to not have some hidey hole money just in case.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
"I sincerely apologize," Bankman, a prominent Democratic donor, said in a rapid series of tweets on Thursday. He also promised to continue trying to save the company.
And
Bankman-Fried has other problems as well. On Thursday, a person familiar with the matter said the Justice Department and the Securities and Exchange Commission were looking into FTX to determine whether any criminal activity or securities offenses were committed.
The investigation is centered on the possibility that FTX may have used customers’ deposits to fund bets at Alameda Research. In traditional markets, brokers are expected to separate client funds from other company assets. Violations can be punished by regulators. Financial company MF Global effectively failed for a similar practice roughly a decade ago when it intermingled client assets with its own bets.
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