this post was submitted on 07 Nov 2023
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He fucked with other rich people’s money, that’s the thing they don’t like.
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.