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gdilla 2 days ago

This will be even more common place in the Musk-Vivek deregulation hellscape

pessimizer 2 days ago | parent [-]

Will it? I have no idea how this trash could be legal currently, yet it is.

fnordpiglet 2 days ago | parent [-]

Well, it’s not. The investigation and unwind is still under way. Whether individuals will go to jail is yet to be seen but the underlying bank is basically dead (Evolve) and its customer basis is fleeing to more rigorous shores. But screwing up your fiduciary duty via a poorly managed FBO is not legal and never has been and maybe won’t be in the next administration (who knows!)