Re:FTX CEO says company engaged in 'old fashioned embezzleme...
by sublinear on Wednesday December 14, 2022 @01:50PM
(#33988108)
It's not real "old-fashioned" embezzlement without some good rye whiskey
Re:FTX CEO says company engaged in 'old fashioned embezzleme...
by xwolfi on Wednesday December 14, 2022 @02:04PM
(#33988378)
He was countering the argument that it was sophsticated like Enron: they didnt cook the books to appear healthy, they just took money from the company accounts to buy houses, with no records.
Zero sophistication, plain old emblezzlement.
I guess these bankruptcy “CEOs” are essentially agents of the Justice Dept/govt in any case, though? In that light these sorts of statements make more sense.