"You can't cheat an honest man." The greedy suckers all fell for the bullshit; buy fake crypto and be paid "interest" on it too?
Greed is OK, we all experience it. But, never hope that someone else is going to satisfy your greed in any transaction with him; he is instead going to satisy HIS greed using your money.
I hope all of the Bankman Fried assholes and their associates go to jail.
This looks like he was being pitched softballs. My assumption is he's viewed as being on team donkey, and so they want to protect him.
Notice how bankman intentionally paints the image of him being an incompetent CEO. He says he didnt spend any time or effort to manage risk, and that if only maybe he spent an hour a day on paying attention to risk, like expected of his CEO job, things would have been different. I think he knows that the penalty for incompetence is much much much less than for fraud, so he's acting. And stepo has nothing real to say about it - he just says "lyke omg wow thats a stunning admission!" instead of pointing out what bankman is obviously doing: playing the incompetent crypto kid. It's not an "admission". It's a lie.
Freako Genius Sam Bankman-Fried's parents were in on the Ponzi scheme! I wonder if they used at least part of "I'm in" Tom Brady's $220 million?
What was it that P. T. Barnum said? I think it went something like this; "There's a sucker born every minute."
https://www.zerohedge.com/markets/sam-bankman-frieds-parents-bought-bahamas-vacation-home-among-121-million-ftx-property
PS: All the apples that fell from the tree ended up in the very same rotten barrel; Mommy Apples, Daddy Apples, and Sammy Apples.