| ▲ | paulpauper 3 days ago | |
the frauds were stopped by Sam going to jail. There was still money left by liquidating, which in hindsight was a very poor timing. | ||
| ▲ | dgacmu 3 days ago | parent | next [-] | |
The job of the trustee of a bankrupt company is not to commit further fraud by gambling with the remaining funds. | ||
| ▲ | triceratops 3 days ago | parent | prev | next [-] | |
> hindsight If the liquidators had perfect hindsight, they'd be trading their own money. Not cleaning up other people's messes. Their job is to be responsible and follow procedure. | ||
| ▲ | ealexhudson 3 days ago | parent | prev [-] | |
Sure, but would we really want to tell liquidators to manage assets for best eventual return rather than just convert everything to cash? In this instance, in hindsight, sure - you'd want the other thing, you want the bitcoin not the cash. But this feels like the exception that proves the rule. | ||