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Terr_ 6 hours ago

Oh no, he's found HN! :p

> It appeared as though it was his lack of rigor and discipline (keeping books properly) which did him in, not dishonesty

"Gosh, how was I supposed to know it was wrong to lie and secretly 'borrow' other people's money without permission for my own gambles at the casino over and over!? I was going to put it back eventually, when I finally won enough back. It's society's fault for not ensuring I was properly educated in these extremely fine points of post-graduate human behavior."

I can't imagine accepting that from, say, a random manager of a gas-station convenience store, let alone someone with Bankman-Fried's wealth and advantages in life and a full-time job in fancy finance.

I'm sure Bankman-Fried also make a ton of "technical" breaches... But mostly in the same way a bank-robber also has an improperly licensed firearm and a double-parked getaway vehicle with old license-plates. They are not so much "mistakes" at that point as details of how the Big Crime was committed.

> he actually made everyone a boat load of money.

Like Bernie Madoff did? No, lots and lots of people lost money, and—in order to disguise it for a while—he ensured a much smaller number of people got some of the dwindling pile.

davyAdewoyin 3 hours ago | parent [-]

Don't forget he also had parents who were experts in law. If there is anyone who knows the illegality of what he was doing, it's definitely him.