SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 128.77-2.5%Nov 4 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
Sr K
To: Elroy who wrote (14849)11/16/2022 2:11:20 PM
From: Kirk ©1 Recommendation  Read Replies (1) of 26408
 
Great point! Do we have an extradition treaty with the country (Bahamas?) where the CEO resides?

I don't know if you follow my FB investing group, but I posted the story about Cal removing FTX from their stadium to prep for the Big Game Saturday (Are you going?) The story said CAL was paid in Crypto...

https://www.facebook.com/groups/IFTLT/permalink/10160157059939265/
BERKELEY, Calif. - Cal Athletics appears to be dealing with the aftermath of the recent collapse of cryptocurrency FTX.
Last week, the crypto exchange filed for Chapter 11 bankruptcy protection after its value tanked in a matter of just 9 days. According to a UC Berkeley report, Cal Athletics is one of those affected by the collapse.
California Memorial Stadium was renamed FTX Field after a historic, 10-year agreement signed in 2021. As part of the $17.5 million deal, Cal Bears Sports Properties accepted full payment in cryptocurrency on behalf of the university.
If they did the smart thing and cashed in right away, then good on them... but if not cashing out was part of the "deal" then those responsible at CAL should be held accountable and perhaps do jail time, give up their pensions AND make restitution.
,
It is like the biggest Ponzi scheme since Madoff but they bribed the DNC to not investigate by supporting candidates and many of the "woke" organizations like UC and the Warriors and I believe Miami were sucked in.

Can you imagine if they put 1/10th the effort into investigating FTX/Crypto Ponzi schemes as they did into trying to get Trump's tax returns? They might have actually helped people....

Go Bears! ktvu.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News