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Started By
Message
How “Bitcoin Jesus” avoided prison despite massive criminal tax fraud
Posted on 1/23/26 at 12:12 pm
Posted on 1/23/26 at 12:12 pm
2
Posted on 1/23/26 at 12:43 pm to saintforlife1
MT should be relabeled the TDS Board.
Posted on 1/23/26 at 2:34 pm to Sho Nuff
quote:
MT should be relabeled the TDS Board.
Posted on 1/23/26 at 2:42 pm to saintforlife1
Posted on 1/23/26 at 3:10 pm to Sho Nuff
quote:
MT should be relabeled the TDS Board.
Do you support this pardon?
Posted on 1/23/26 at 4:29 pm to cadillacattack
quote:
cadillacattack
Not only was that picture massively false, FTX is probably one of the strangest cases of a ponzi unraveling but people not getting burned.
quote:
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.
SBF was a degenerate gambler that gambled all of his users funds like it was his own. But it paid out by the time the cash out occurred.
quote:
Customers and creditors that claim $50,000 or less will get about 118% of their claim, according to the plan, which was filed with the U.S. Bankruptcy Court for the District of Delaware. This covers about 98% of FTX customers.
NPR source
Posted on 1/24/26 at 10:06 am to Sho Nuff
This thread is on wrong board. But the optics don't look good to me.
Posted on 1/24/26 at 10:10 am to Sho Nuff
quote:
TDS
This doesn’t mean what you think it does. The people with actual TDS are the people that worship Trump like sycophantic cult members.
Posted on 1/24/26 at 11:31 am to UltimaParadox
I guarantee FTX’s creditors wish he wasn’t arrested. The administrators cashed out the BTC when it was like $60k. Those creditors would otherwise be looking at closer to 200% returns.
Posted on 1/24/26 at 12:34 pm to Joshjrn
quote:
Do you support this pardon?
No. I don't support a few pardons he's made so far. I just laugh at the amount of people on the MT board who seem to get "triggered" by Trump. I am not a big Trump guy and don't defend him, but I do support him over the deranged left. I'm an "America First" guy but I realize none of these politicians really give a frick about any of us.
So I care about me and my family and the biggest way to do that, outside of love, is through MONEY. And guess what, I have absolutely killed it when Trump has been Pres. I would think most on MT have made a killing as well and since this isn't the Political Board, we should be happy about the gains and talking bout that on Money Talk. Imagine that.
Posted on 1/24/26 at 3:54 pm to ronricks
quote:That is certainly one way to spin it
The people with actual TDS are the people that worship Trump like sycophantic cult members.
Posted on 1/24/26 at 5:21 pm to Sho Nuff
quote:
No. I don't support a few pardons he's made so far. I just laugh at the amount of people on the MT board who seem to get "triggered" by Trump. I am not a big Trump guy and don't defend him, but I do support him over the deranged left. I'm an "America First" guy but I realize none of these politicians really give a frick about any of us.
So I care about me and my family and the biggest way to do that, outside of love, is through MONEY. And guess what, I have absolutely killed it when Trump has been Pres. I would think most on MT have made a killing as well and since this isn't the Political Board, we should be happy about the gains and talking bout that on Money Talk. Imagine that.
Do you think this pardon, and those like it, are good for the financial markets going forward, bad, or has no impact whatsoever on behavior that could impact the financial markets in the future?
Posted on 1/24/26 at 6:28 pm to Joshjrn
quote:
Do you think this pardon, and those like it, are good for the financial markets going forward, bad, or has no impact whatsoever on behavior that could impact the financial markets in the future?
Why would this pardon have any impact on the market?
The real issue is the growing inconsistency of outcomes for similar crimes. More importantly, it has gotten to the point where any federal crime can result in 20+ years in prison. committed a misdemeanor? Good news, it’s only a year max…bad news, it was 20 occurrences the prosecutor will stack.
This discussion was far more appropriate when pharma bro got 7 years for SEC violations that didn’t result in any losses, at the same time Elizabeth Holmes’s was allowed to argue her abusive relationship was the reason for hundreds of millions in losses.
Plot twist.Those investors gave her money because they really really wanted to believe in a female CEO…they kind of deserved to lose their money.
Posted on 1/24/26 at 6:37 pm to lsuconnman
quote:
Why would this pardon have any impact on the market?
This pardon? It wouldn't. I asked whether pardons like this might have an impact on future behavior that could impact financial markets. Put another way, if it becomes the perception that federal fraud protections have been weakened because the sitting president is inclined to pardon fraudulent actions if you tap dance just right, might that not have a chilling effect?
Posted on 1/24/26 at 6:49 pm to Joshjrn
Short answer: no. This has always been the reality. This administration just DGAF about perception.
Posted on 1/24/26 at 7:02 pm to lsuconnman
quote:
Short answer: no. This has always been the reality. This administration just DGAF about perception.
I certainly think reasonable people can disagree on the issue, but I don't think it's unreasonable for people to view the flaunting of it as making it more of a concern.
Ultimately, none of this affects me. As I've said many times before, I invest the same amount, in the same funds, every week, rain or shine. But that makes me an extremely rare investor, apparently. I imagine the constant whiplash on everything from law enforcement to tariffs to military action that comes out of this administration, most of it announced in 2am social media screeds, has to frick with a lot of people's headspace. And unfortunately for Trump, and those who support him, that's going to suck up a lot of oxygen that might otherwise go to people saying nice things about the line going up.
Posted on 1/25/26 at 8:33 am to Sho Nuff
Did you absolutely kill it when Trump wasn't president?
I haven't had a year where my income didn't go up significantly since...ever.
I haven't had a year where my income didn't go up significantly since...ever.
Posted on 1/25/26 at 10:45 am to KWL85
quote:
Did you absolutely kill it when Trump wasn't president?
I just checked Vanguard, and over the last decade, I’ve averaged around 13.5% return year over year. Anyone who hasn’t been killing it has likely been engaging in politically-induced self sabotage
Posted on 1/25/26 at 10:56 am to ronricks
quote:
TDS
This doesn’t mean what you think it does.
It means trump derangement Syndrome, no matter how many scrote licking lefties try to change the meanings of words.
Posted on 1/25/26 at 12:10 pm to Hangit
quote:
It means trump derangement Syndrome, no matter how many scrote licking lefties try to change the meanings of words.
I’ve always preferred acronyms to initialisms. How about Trump Adoration Syndrome? Trump Exaltation Syndrome? Trump Infatuation Syndrome?
TD is filled with those afflicted with TAS, TES, and TIS, apparently.
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