Comment by thereitgoes456
1 day ago
That’s true but not relevant. I have absolutely no sympathy for the rubes who thought FTX was a good place to put their money, but that doesn’t make the fraud any more OK.
1 day ago
That’s true but not relevant. I have absolutely no sympathy for the rubes who thought FTX was a good place to put their money, but that doesn’t make the fraud any more OK.
This is conflating users and investors. Investors have the obligation of diligence and it's clear here (and with FTX) they didn't. If they did, neither would be happened.
Also it's exactly the opposite, scamming the public is fine - United healthcare can scam the government out of billions, no one goes to jail, minor fees but it's +ROI for them.
Murdoch's lose an investment after YOLO-ing a few hundred mil and no diligence and they get the feds to give jail time?