Posted on 01/10/2023 4:45:07 PM PST by PJ-Comix
He may have to sell his poop.
I hope the Clintons and the Kerrys had ALL their money in it!
He'll probably have to sell a couple of his homes in the Hamptons to cover the losses.
I did read the article.
It appears to be a privately held company.
However, it might be trading on the Pink Sheets (look it up), and I cannot find the symbol.
Anyway, my main point holds - how can the IRS tax shares of a private business as income if there is no way to establish the value of those shares?
yeah, he and his ex-wife were paid for their promotions with FTX stock, so they’re really not out anything except a bit of their time a lot of their reputation ... no actual monetary loss ... tax-wise it would be a wash: easy come, easy go ...
still, at least they believed in what they were selling by taking a stake in it ... i doubt any of the other scumbag celebs who promoted FTX did that, meaning they didn’t believe in it, didn’t care, and simply mouthed the words for a bunch of easy money that they ran to the bank with ... oh, and screw the little people, right?
“did he get the shares for promoting it?”
Most likely yes. This probably was his entire payment for shilling FTX. His wife, the same.
However it plays out it’s going to very complicated for Tom and his ex-wife.
He still has a purdy face, so great arm candy....somewhere out there is a rich supermodel or heiress that will marry him or at least keep him fed and well housed. He won’t have to wait long.
You pays yer money, you takes yer chances...
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