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re: Sam Bankman Fried - Guilty
Posted on 11/2/23 at 10:27 pm to SlowFlowPro
Posted on 11/2/23 at 10:27 pm to SlowFlowPro
quote:
He didn't steal it outright. He used it to create a Ponzi scheme with another company because he thought that in time the company he was subsidizing was going to become profitable again and no one would know the difference, or, his trading company will be the face of regulation and would print enough money to cover their tracks over the long term. If the ruse had gone on for a few more months it may have worked.
You just described every Ponzi scheme.
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