Sam Bankman-Fried’s multibillion-dollar crypto empire was run primarily by “grossly inexperienced and unsophisticated individuals” who failed to institute basic corporate controls and even relied on QuickBooks to do their accounting, according to investigators. But standing by Bankman-Fried as his companies FTX and Alameda grew were two respected Ivy-League trained lawyers who, potentially, should have spotted the red flags.
That expertise could become a liability if he is eventually charged with wrongdoing. “He is a highly knowledgeable and deeply expert person in areas that concern the set-up and operation of complex companies,” said Yesha Yadav, professor of law at Vanderbilt University. “Arguably, his qualifications and academic stature can work against him as part of any legal case, because the argument may be made that he really should have spotted problems.
Except all of these lawyers were busy: $8bln isn’t a pocket change, it takes time to steal and conceal it properly
'Anti-semitism is always sound financial advise.'
The biggest donor for Democratic candidates and for republicans now we see why Maxine waters blew a kiss at him and now is in charge of this investigation that will probably go nowhere with no accountability.
I'm selling my own worthless award for $10,000.00 per page.
I'm realizing that he's wearing a jacket....to cover up the handcuffs. BankmanFried
CalvinAyre
Why did Maxine waters why did Maxine waters try to end the hearing? Because the money was laundered to the democrats .
TuckerCarlson JesseBWatters From time immemorial greed for power & money is d eventual pitfall of many !
Incriminating the parents is too much of a stretch unless it’s proven they were working for the company. Otherwise they are under no obligation whatsoever to look after the financial structure and inter workings of FTX. Non of their business.
I’d love to see someone take a set of clippers to that rats nest…tired of seeing it
The dude is 30 yrs old!
Oh yeah, they were totally not in on it.