Re:Alameda took 1B hit in mobileCoin trade to prop up FTX
by sottol on Friday December 02, 2022 @01:45PM
(#33834883)
It looks like some of these larger cases take a while to prosecute. Not saying there's no favoritism here, but FYI the Enron scandal unfolded in late 2001 and the current and former CEO Lay and Skilling's trial started more than four (4!) years later in early 2006.
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Re:Alameda took 1B hit in mobileCoin trade to prop up FTX
by retconn on Friday December 02, 2022 @03:33PM
(#33836496)
That's very quick.
My memory is a little hazy, but the fast prosecution was motivated by covering up structural inefficiencies in CA energy trading created knowingly against considerable objections by politicians, that Enron abused, and not the a priori fraud of propping up their stock for dozens of quarters to be able to trade so massively in the first place.