#Crypto #Cryptocurrencies #FTX #Scams: "Both parents have distinguished careers that long precede their son’s alleged fraud. They met in the 1980s at Stanford University, where they taught at the law school for more than three decades, living on campus and raising two sons. Bankman, an expert on taxes, is renowned for his work making the US tax code friendlier to lower-income citizens. Fried, an authority on legal ethics, was prominent in progressive political circles.
At the time the ad aired, critics were warning that FTX was luring naive investors with extremely risky financial instruments that were mostly banned in the US. Those investors would see their money vanish when the funds were diverted, without their knowledge, to a hedge fund that Bankman-Fried also owned. FTX collapsed and filed for bankruptcy in November 2022."
https://www.bloomberg.com/news/features/2023-09-14/sam-bankman-fried-s-parents-did-they-enable-ftx-s-rise
Miguel Afonso Caetano /
npub1pw…r95z7
2023-09-17 10:39:32
Author Public Key
npub1pwuvltfvfme0d987k6rs3an6jnv9k2w32zqdlqt5hpy9u3cmv6ps2r95z7Published at
2023-09-17 10:39:32Event JSON
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"content": "#Crypto #Cryptocurrencies #FTX #Scams: \"Both parents have distinguished careers that long precede their son’s alleged fraud. They met in the 1980s at Stanford University, where they taught at the law school for more than three decades, living on campus and raising two sons. Bankman, an expert on taxes, is renowned for his work making the US tax code friendlier to lower-income citizens. Fried, an authority on legal ethics, was prominent in progressive political circles.\n\nAt the time the ad aired, critics were warning that FTX was luring naive investors with extremely risky financial instruments that were mostly banned in the US. Those investors would see their money vanish when the funds were diverted, without their knowledge, to a hedge fund that Bankman-Fried also owned. FTX collapsed and filed for bankruptcy in November 2022.\"\n\nhttps://www.bloomberg.com/news/features/2023-09-14/sam-bankman-fried-s-parents-did-they-enable-ftx-s-rise",
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