Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Video & Multimedia

TexasTowelie

(116,804 posts) Mon Oct 9, 2023, 01:44 PM Oct 2023

How Sam Bankman-Fried fooled the media, Silicon Valley and the world - CNN

Finance whiz Sam Bankman-Fried was supposed to be the future of finance. Why did his crypto empire come crashing down and how did his alleged crimes fly under the radar for so long? To explain, CNN's Jon Sarlin spoke with investigative finance reporter Zeke Faux.

1 replies

= new reply since forum marked as read

Highlight:

How Sam Bankman-Fried fooled the media, Silicon Valley and the world - CNN (Original Post) TexasTowelie Oct 2023 OP

It must've been a cinch - in a system with few regulations, and even fewer ones enforced peppertree Oct 2023 #1

peppertree

(22,850 posts)

1. It must've been a cinch - in a system with few regulations, and even fewer ones enforced

Reply to TexasTowelie (Original post)

Mon Oct 9, 2023, 02:10 PM

Oct 2023

All the more so - in a what's basically become a lottery ticket culture.

Not that that's all bad - wishful thinking, after all, has been known to lead to wishes come true.

But when people become so unmoored...the Bankman-Frauds of the world are always more than ready to step in, and pick your pocket.

Reply to this discussion