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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%4:00 PM EST

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To: Pogeu Mahone who wrote (193737)11/20/2022 3:54:34 PM
From: maceng2  Read Replies (1) of 217830
 
OK we now have a single chirp from an approved source.


The top “regulatory officer” at fallen crypto exchange FTX was embroiled in a notorious online poker cheating scandal more than a decade ago — and was caught on tape allegedly aiding the perpetrators of the fraud, according to reports.

Dan Friedberg — a lawyer who was FTX’s chief regulatory officer in the months leading up to its collapse and who also did a stint as its general counsel — also had served as an attorney for UltimateBet, whose collapse was considered one of the largest online gambling scandals in history at the time.

In the alleged scheme — which reportedly claimed actor Ben Affleck among its victims — employees between 2005 and 2008 were accused of using a software exploit dubbed “God mode” to bilk players out of anywhere between $20 million and upwards of $50 million.

The scandal drew coverage from CBS News’ “60 Minutes” and spawned a cult documentary called “ UltimateBeat: Too Much To Lose.”

FTX's ex-chief regulatory officer tied to online poker scandal (nypost.com)

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