this post was submitted on 07 Nov 2023
439 points (100.0% liked)
196
16503 readers
2393 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Did he tho? He looks like the fall guy for all the fraud you see happening and he’s not the master mind but rather just a pawn in the game.
The people who are truly responsible for this are still walking.
It’s clear SBF is just a publicity stunt to make sure the poors don’t revolt.
I'm unclear about the Fraud charges.
In a Fraud case, you deliberately set out to take other people's money, illegally, from the offset.
I don't think he did that. I think his intentions were honest but he got too cocky by providing loans and overspending. However, I feel that he thought he was smart enough to make it all back and make good, like Nick Leeson.
I don't think he set out to be a crook. I think he set out to be extremely wealthy, thought he was smarter than he was, then couldn't cope when things started to collapse.
It's different from setting out to craft a scheme to rob people.