Comments by "" (@TheDavidlloydjones) on "FTX Co-Founder Gary Wang testifies in SBF fraud trial" video.

  1. His crime was nothing fancy, just theft/fraud -- but his real crimes were managerial. FTT as a form of collateral is One; having anything at all, let alone FTT, any single collateral "asset," as a major item on your balance sheet is Two; doing business with a cusomer, Alameda, for a company in which you have fiduciary reponsibility is Three. None of these three is particularly criminal. All three are major league stupidity, and everybody involved, anybody who ever had the chance to point out to SBF the extreme dumbness with which he was conducting himself, should be barred by public opinion, not any government, from doing business anywhere, ever, again.
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