Comments by "voteZDLR" (@voteZDLR) on "Lex Fridman"
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It's basically like being a losing gambler... times 8 billion. That's really what he was doing, first off he lied when he said he wasn't going to use customer funds for anything but what he did was he took the money secretly, invested some of it when it wasn't rightfully his to do so, and he did it extremely recklessly as well so that when he did lose out, every penny he put into it was a losing gamble. It wasn't his money to do it with though. Then of course whispers start generating that there may not be enough capital for everyone to get their money out if they wanted to, and sure enough, whispers become panic really fast just like the market crash preceding the Great Depression and subsequent bank run where everyone was trying to get their money out at the same time only to find out that the bank didn't have enough money to grant them their withdrawals. If his gamble worked out like Coffeezilla said, everyone would be none the wiser and may even be singing his praises, but if it didn't... well, it didn't. And now he's caught. It's fraud. Depending on which judge he gets in the Southern District of New York court system, he could even get life in prison for this. At a minimum, he's getting 20 years. Anything over ~28 years in that court system is a life sentence.
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