Re:Bankman-Fried used $100M in stolen FTX funds for politica...
by FredPret on Monday August 14, 2023 @10:20PM
(#37129400)
It's kind of cool that even a $100m political bribe doesn't buy you immunity
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Re:Bankman-Fried used $100M in stolen FTX funds for politica...
by GneissFrog on Monday August 14, 2023 @11:11PM
(#37129725)
Well, that $100m didn't go towards obtaining immunity, it was contributed to campaign funds for the purpose of lobbying. He wanted legislation favorable to FTX.
Re:Bankman-Fried used $100M in stolen FTX funds for politica...
by foxyv on Tuesday August 15, 2023 @04:02PM
(#37138633)
You can bribe a corrupt official or politician for a short period. However, unless you can blackmail or continue supporting them, they won't continue to stay bribed. Once FTX went bankrupt they lost their limited immunity to political consequences. They were too clumsy to engage in the sophisticated schemes used by other lobbyists and PACs to ensure that politicians stay "bribed."
If you want to see how a criminal organization can truly become legitimized through corruption of political structures, Uber is a great example. They managed to create a decentralized illegal Taxi company in the most public manner possible.
https://www.theguardian.com/news/2022/jul/10/uber-files-leak...
Re:Bankman-Fried used $100M in stolen FTX funds for politica...
by berniedurfee on Wednesday August 16, 2023 @04:37PM
(#37153435)
We shall see where he ends up after the dust settles. Most likely on a yacht somewhere after a few months of house detention.