Which seems to how Sam Bankman-Fried was taken down.
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Anyone notice that the guy’s name is “bank man fried” ?
A coinky-dink?
He had to be either farm bred..
Seems there may be someone else at his now defunct firm who was a huge player as well. Dan Friedberg who was in charge of part of the company at FTX no telling how much he was into.
Over the years he also had dealings with one of the most corrupt individuals of all Mitt Romney
Bain & Company Graphic
Partner
Bain & Company
1997 - 2004 7 years
Dan joined Bain & Company as a consultant in 1987 in the London office, and was a founder of the Toronto office in 1989 and the New York office in 2000. Dan founded the private equity consulting practice in Toronto and was solely dedicated to the practice in the New York office.
Dan worked broadly both inside and outside the firm in supporting the firms’ operations from office management, recruiting, and professional development.
At Bain, Dan provided business due diligence…
Only a couple of years ago Friedberg was outed about a gambling scandal
Ultimate Bet Scandal Lawyer Daniel Friedberg at Center of FTX Crypto Crash
The gambling scandal actually involves big bucks;
Back to the links to poker and it transpires that FTX’s former general counsel and current chief compliance officer is none other than Daniel Friedberg, who was involved in the Ultimate bet scandal and subsequent cover-up.
Friedberg was one of the Ultimate Bet lawyers present at a secretly-recorded meeting in which Ultimate Bet boss Russ Hamilton admitted to cheating and stealing players’ money.
Some $50 million was robbed from other players in the super-user scandal, with Hamilton having “God-mode” access to everyone's hole cards.
The audio recording, which surfaced in 2013 – five years after the meeting – reveals Friedberg actively conspiring to lie about what had actually happened.
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Also, there are other references to derivatives which can scam people out of really big money or make/lose really big. They are about as risky as you can get.
Its unknown right now whether Sam Bankfraud was into that or if Friedberg was. But, if derivatives were in play it could be billions involved here as the rumors suggest.
Take him off the grill then He's done.