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A comment on Former FTX Executive Ryan Salame Sentenced to 90 Months in Prison. Parent comment

Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by ralph84 on Tuesday May 28, 2024 @06:17PM (#40506203)
At the end of the day the FTX crew were still outsiders. They tried to buy political influence, but the type of regulatory capture that F500 companies enjoy takes decades to cultivate.
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Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by cm2187 on Tuesday May 28, 2024 @08:24PM (#40506961)
MIT, hedge funds, politically connected through parents. Outside of what exactly?
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Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by mistrial9 on Tuesday May 28, 2024 @11:37PM (#40508198)
you forgot to say Stanford University -- synonymous with rule-adherence some claim?
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Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by dboreham on Tuesday May 28, 2024 @08:39PM (#40507045)
Being over 40.
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Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by floor2 on Wednesday May 29, 2024 @12:13PM (#40513561)
Well for starters, outside of the US financial regulatory system.

They were operating a shadow bank and unregulated securities exchange in the Bahamas and Hong Kong.

The media and regulators were willing to take a sympathetic view to all of the openly illegal banking and securities violations while times were good, but they were performing a highline act with no safety net the whole time.

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Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by a0986373 on Wednesday May 29, 2024 @06:44PM (#40517964)
I am fairly sure you meant highwire act.
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Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by jhgvh on Tuesday May 28, 2024 @06:27PM (#40506277)
Most unethical executives don’t actually commit fraud.

They don’t just steal the customer money and buy themselves luxury real estate.

The fix guys are in trouble because they were both very corrupt and very bad at creating even the thinnest veneer of plausible deniability.

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