Bitcoin, Cryptocurrency, and the Future of Global Finance

#2,079
#2,079
n_huffhines said:
Good thing the SEC was so concerned with Ripple
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Indeed. Talk about a damning statement.

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," new FTX CEO John Ray III, who is overseeing the liquidation of the company, said.
That's quite the statement coming from Ray, given that he oversaw the liquidation of Enron following its more than $60 billion bankruptcy in 2001.
 
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#2,080
#2,080
volfanhill said:
Indeed. Talk about a damning statement.

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," new FTX CEO John Ray III, who is overseeing the liquidation of the company, said.
That's quite the statement coming from Ray, given that he oversaw the liquidation of Enron following its more than $60 billion bankruptcy in 2001.
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Can't wait for the book.
 
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#2,089
#2,089
Ernest T. Vol said:
This dude will be in the clear as long as he didn't use a corporate car or some other non-reported fringe benefits.
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The article I linked a few posts above said that FTX was using corporate funds to buy houses and other items for FTX employees (no doubt, corporate officers) and contractors in the Bahamas.

I'll make it even easier to find.

1668789914109.png
 
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#2,092
#2,092
JOEY’S ALL VOL !!! said:
How in hades does one claim assets to the tune of 5.5 billion only to have an actual figure of 659,000 without raising a shat ton of red flags before now?
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He's the biggest Democrat donor aside from George Soros. You can raise all the red flags in the world, but it won't make a difference if those who can do something about it are incentivized to look the other way.
 
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#2,093
#2,093
Vol423 said:
The article I linked a few posts above said that FTX was using corporate funds to buy houses and other items for FTX employees (no doubt, corporate officers) and contractors in the Bahamas.

I'll make it even easier to find.

View attachment 515521
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I was referring to Trump's employee being prosecuted for nickels and dimes on un-reported fringe benefits as compared to this billion dollar lefty fraud they keep propping up. **sarcasm**
 
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#2,094
#2,094
bamawriter said:
He's the biggest Democrat donor aside from George Soros. You can raise all the red flags in the world, but it won't make a difference if those who can do something about it are incentivized to look the other way.
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Yeah, I get that, but you would think there would be at least one (I would personally think a few) executive or employee that would say “ hey, we really are screwing the pooch here and we’re going to be left broke and in prison” and fess up to someone that would run with it. To save their own ass if nothing else.
 
#2,095
#2,095
Vol423 said:
The article I linked a few posts above said that FTX was using corporate funds to buy houses and other items for FTX employees (no doubt, corporate officers) and contractors in the Bahamas.

I'll make it even easier to find.

View attachment 515521
Click to expand...

Hey, CEOs and top staff have to have their perks. Remember only those guys are qualified to make things work ... at least that's what they've been selling while more and more companies seem to be doing less and less. Remember the great Jack Welch and GE? I'd go so far as to say if you gathered all the corporate CEOs in one place, you be looking at the greatest assortment of conmen you ever assembled - including gatherings like congress, the UN, and sleepovers in places like Davos.
 
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#2,096
#2,096
JOEY’S ALL VOL !!! said:
Yeah, I get that, but you would think there would be at least one (I would personally think a few) executive or employee that would say “ hey, we really are screwing the pooch here and we’re going to be left broke and in prison” and fess up to someone that would run with it. To save their own ass if nothing else.
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Not if they are convinced they can get away with it ... as in make it work or move millions to nice retirement locations with non-extradition agreements.
 
#2,097
#2,097
Vol737 said:
What a freaking joke.
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It may not be a joke. Does anybody know if there is any rule against double jeopardy for hearings in the House of Representatives? If there is, the Democrats will push to hold immediate hearings in the House so they can control the hearings to protect their benevolent, fraudulent benefactor. If there isn’t, then the Republicans should haul his sorry a$$ right back into the House at the end of January to hold a real investigation.
 
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#2,098
#2,098
While people lose hundreds and hundreds of millions on crypto, I am enjoying massive gains on my private and commercial real estate investments.

1668822241369.gif
 
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