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.
Pastimes : Investment Chat Board Lawsuits
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: EL KABONG!!! who wrote (12418)12/16/2022 12:23:15 PM
From: Jeffrey S. Mitchell4 Recommendations

Recommended By
HooterHanna
Kirk ©
S. maltophilia
Zen Dollar Round

   of 12465
 
So, yes, O'Leary testified he was paid in FTT tokens, plus got equity in FTX. How is that any different from your run-of-the-mill penny stock promoter of what turns out to (also) be a scam company? I say that facetiously as we are clearly in "too big to fail" territory, not to mention an "I was scammed and lost everything as well" defense. If O'Leary is found to have immediately starting cashing out, OK, then I can see him being in hot instead of lukewarm water here.

Interestingly, this reminds me of something similar that happened to Marc Cuban. He invested in a company that I suspected of being a scam. This was back in the days he first started his blog, so I wrote him and we exchanged a bunch of emails on it. Sure enough, he determined he was being scammed and sold his stake, then immediately informed his followers why. He then got sued by the SEC for insider trading. This was of course one of those few times I was not on the side of the SEC. What the fk are you supposed to do if -- through your own due diligence -- you think you are being scammed? Had the SEC or some other law enforcement agency informed him the company was under investigation and he then sold, that's a different story. But it was me lol.

- Jeff
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