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lördag, november 11, 2023

Bankman-Fried, a smug messiah who took the naive down with him

The king of crypto might have given classes to Charles Ponzi himself, classes in methods to rip off the ripe-for-the-picking punters.

Sam Bankman-Fried (Image: EPA/Justin Lane)
Sam Bankman-Fried (Picture: EPA/Justin Lane)

In late 2020, on the peak of the pandemic, I went on a socially distanced stroll with a pal. The Australian Tax Workplace had simply introduced — for the second time that yr — that individuals might withdraw extra money from their superannuation funds to alleviate COVID-19 hardship. My pal is a constructing web site supervisor, and he was telling me a few subcontractor he employed.

“This man,” my pal instructed me, “he acquired out as a lot as he might. Each final bit. And he invested it …” (a sense of dread began to creep into my abdomen. Oh god. Don’t inform me) “… in crypto.”


Learn extra about Sam Bankman-Fried’s delusions of grandeur in his deluded thoughts…

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