This article itelf is complete bullshit. They're obviously totally anti-Musk and paint him next to ponzi-boy and 10-years-in-jail-Holmes.
The intellectual dishonesty is high on this one.
And then:
> But it turned out that Bankman-Fried had essentially gambled away customers’ deposits at his company, leaving the customers in the lurch and destroying Bankman-Fried’s fortune virtually overnight.
That is not at all what the indictment is about. It would be nice if the media stopped trying to bullshit us into believing that.
Alameda was a scam from way before FTX was even created. The leaflet selling Alameda to investors were already using fake return figures.
There are counts of conspiracy to defrauds customers and investors alike.
The "effective altruism" guru (the Oxford professor who bought a $15m mansion with stolen money) was actually involved at FTX.
It's not clear at all he's clean.
Real altruistic people don't need to posture as altruistic people. They don't need to run cults. They don't need to scam people. They don't need to pose as "holier than thou" people.
And they certainly don't buy $15m mansions with stolen money.
What about, instead of spitting on Elon Musk, we get some actual investigative journalism?
For example I've got an interesting subject to investigate: the exact role of SBF's guru who frequented the Bahamas and is running an "Effective Altruism" movement from a $15m mansion bought with stolen money?
And, please, journalists... No bullshit in this age.
The intellectual dishonesty is high on this one.
And then:
> But it turned out that Bankman-Fried had essentially gambled away customers’ deposits at his company, leaving the customers in the lurch and destroying Bankman-Fried’s fortune virtually overnight.
That is not at all what the indictment is about. It would be nice if the media stopped trying to bullshit us into believing that.
Alameda was a scam from way before FTX was even created. The leaflet selling Alameda to investors were already using fake return figures.
There are counts of conspiracy to defrauds customers and investors alike.
The "effective altruism" guru (the Oxford professor who bought a $15m mansion with stolen money) was actually involved at FTX.
It's not clear at all he's clean.
Real altruistic people don't need to posture as altruistic people. They don't need to run cults. They don't need to scam people. They don't need to pose as "holier than thou" people.
And they certainly don't buy $15m mansions with stolen money.
What about, instead of spitting on Elon Musk, we get some actual investigative journalism?
For example I've got an interesting subject to investigate: the exact role of SBF's guru who frequented the Bahamas and is running an "Effective Altruism" movement from a $15m mansion bought with stolen money?
And, please, journalists... No bullshit in this age.