This wasn’t a case of poor engineering practices or poor internal controls. It wasn’t a mistake. It was all very intentional

Lack of internal controls isn't the reason for why the CEO and owner of FTX is funneling billions of its customer dollars into a company he owns - Alameda.

It's just straight up fraud.

You should probably let some other adult, (and the FBI) know if the owner asks you to do that, but you can't physically stop him. It's his company. He has complete power over it. It's not a democracy, there's no checks and balances on the power of an owner-CEO.

That people just accept that founder CEOs are allowed to do everything with their companies, and their companies money, is troubling. Because, as soon as said company is a seperate legal entity, it is the companies assets and not the founders anymore.

Maybe even CompSci graduates shoupd get some basics of business, legal and ethics during their studies.

That's a bit like:

"The bank robbers' mistake was a lack of internal control and security advisors who could have safeguarded them from robbing banks"