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It’s my understanding earlier in the day he was essentially refusing to testify, then reversed course, and not too long after it was announced he was arrested. I wonder if that initial refusal has something to do with it.I don’t think his excuse of being completely ignorant of how his business was operating is going to hold up. I don’t think his apology tour has done anything to help himself either, especially when he accidentally admits to knowingly co-mingling funds. His lawyers must love him.Maybe he still has enough political cache to get out of this unscathed, but I have my doubts. $8B can’t just be allowed disappear out of accounts that aren’t supposed to be touched. It will probably just take some time to sort though. He and his conspirators deserve to spend quite a bit of time in jail.At the end of the day what’s important is not the story of the rise and fall of SBF personally, but the many, many people lost a lot of money due to what appears to be fraud. It’s usually the least wealthy who are the least diversified and suffer the most in crashes like these.
It’s my understanding earlier in the day he was essentially refusing to testify, then reversed course, and not too long after it was announced he was arrested. I wonder if that initial refusal has something to do with it.
I don’t think his excuse of being completely ignorant of how his business was operating is going to hold up. I don’t think his apology tour has done anything to help himself either, especially when he accidentally admits to knowingly co-mingling funds. His lawyers must love him.
Maybe he still has enough political cache to get out of this unscathed, but I have my doubts. $8B can’t just be allowed disappear out of accounts that aren’t supposed to be touched. It will probably just take some time to sort though. He and his conspirators deserve to spend quite a bit of time in jail.
At the end of the day what’s important is not the story of the rise and fall of SBF personally, but the many, many people lost a lot of money due to what appears to be fraud. It’s usually the least wealthy who are the least diversified and suffer the most in crashes like these.
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