> ...go to the blackjack table put it all on black...

I'm guessing you're not very familiar with games of chance.

Well, neither was FTX, so how is this not apt? :)

Or they didn’t understand the game they were playing… sounds like a perfectly mixed metaphor to me.

Personally, I put it all on jack. He seems like a trustworthy fella.

This seems irrelevant to my comment.

The implicit connection is that some of the unprotected deposits that were gambled away belonged to rich people.

Well, it's just a declaration of what theft is, phrased as though I don't know what theft is. Which is wrong, and also doesn't seem relevant.

Not quite true a lot of people seem to think that if you won the roulette spin that you committed no foul. At least in terms of how they argued SBF should be sentenced.

So as you said the commingling was a large part of their crime.

But they did commit a bunch of straight up theft of customer funds to pay for marketing, political donations or stuff like houses for the employees.

It seems to agree with your comment, though not sure what they intended.

Recommend you visit a casino someday.

The game you’re thinking of is roulette. Blackjack doesn’t have colors to bet on.

Putting it all on black is only theft if you lose. FedEx’s founder famously bet half his employee payroll on black and won.

FTX eventually lost.

Yeah though people tend to argue semantics in this hypothetical. Especially if you win the bet.

I definitely consider it akin to theft even if people don't quite want to use the word.

And importantly even if you ignore the fact that people aren't being made whole by the bankruptcy's 100% claim, people still won't have gotten their money back for years. So people are still significantly harmed despite the criminal winning some illicit bets.