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A comment on FTX’s Collapse Was a Crime, Not an Accident. Parent comment

Re:FTX’s Collapse Was a Crime, Not an Accident by sillysaurusx on Wednesday November 30, 2022 @06:41PM (#33809719)
That’s not a given. The #1 criteria of fraud is intent. If you can’t prove intent, there was no fraud.

We may not like it, but that’s how the system is set up.

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Re:FTX’s Collapse Was a Crime, Not an Accident by HarryHirsch on Wednesday November 30, 2022 @06:46PM (#33809787)
Yes, it's intentionally set up like that to facilitate crime.
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Re:FTX’s Collapse Was a Crime, Not an Accident by DiggyJohnson on Wednesday November 30, 2022 @06:51PM (#33809842)
The “intentional” part of your claim is extremely dubious, even if I agree with it if you omit that word.

I don’t think there’s an unintentional relationships which facilitates and under-punishes fraud, but I don’t think there’s a conspiracy afoot.

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Re:FTX’s Collapse Was a Crime, Not an Accident by rootusrootus on Wednesday November 30, 2022 @06:49PM (#33809829)
The gov't says 'reckless indifference to the truth' qualifies as intent.
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Re:FTX’s Collapse Was a Crime, Not an Accident by myself248 on Wednesday November 30, 2022 @07:57PM (#33810704)
Reckless indifference to the truth, then, should condemn both SBF and his aggrieved.

All involved knew what they were doing, or took extraordinary measures to blind themselves to knowing.

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