Comments by "" (@TheDavidlloydjones) on "Becoming Sam Bankman-Fried: The Complete Documentary" video.

  1. The claim at 2:14, that "controls" "limited foreign transactions" to just five thousand dollars" is false. People and companies carry out huge foreign currency transctions all the time. American car dealers, for instance, send hundreds of billions of dollars' worth of yen to Toyota in Japan. Wayne Hu may be thinking of IRS rule 8300, and related regulations, which make reporting mandatory on transactions over $10,000 in the US. https://www.irs.gov/businesses/small-businesses-self-employed/form-8300-and-reporting-cash-payments-of-over-10000 I think Wayne's heart is in the right place. Still, he needs to be more careful: facts are facts.
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  2. But it shure is useful to know how to identify an altruist: they say "I'm an altruist." Thank you. I never knew that.
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  3. It's also useful to know what every auditor says in every signed audit, roughly, "This company's reports report what they report they report." Every mainline auditor's work very carefully avoids claiming that the auditor stands by the truth of any number or claim that they have audited. Quite the contrary: almost every audit very specifically states that they don't.
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  4.  @c-pjawa2759  You're not watching the ball: they enjoyed cashing their cheques.
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