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Rule (lemmy.blahaj.zone)

submitted 8 months ago by Persona3Reload@lemmy.blahaj.zone to c/196@lemmy.blahaj.zone

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[-] Coreidan@lemmy.world 5 points 8 months ago

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.

[-] SuperJetShoes@lemmy.world 2 points 8 months ago

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.