I expect an equal number to go to jail over this as the 2008 housing debacle.
I also expect another housing bubble burst next year.
Would agree with you.
Most are in 30-to-40 age group, and never had serious consequences/stress in their life. Several will commit suicide prior to arrival in the US. This GF of SBF (Caroline Ellison) has zero knowledge on stocks and trades....but somehow was thrust into the profession.
But I think there is absolute fear that digging around will bring up serious money laundering (probably fentanyl profits), and serious contributions to political folks....with consequences on them to pay the money back.
The bankruptcy lawyer outlined the main business entities of SBF’s family of affiliated companies:
<><>FTX.com, FTX US, FTX’s venture arm,
<><>trading firm Alameda Research holds the largest cash balance among the core four
The corporate governance in place for each of the main business verticals was minimal,
consisting primarily of SBF and a close coterie of intermingled deputies