DamNamesTaken11 t1_j1ys8sg wrote
Seriously, how did they get so much money to begin with?!
How did that not raise red flags to anybody who was thinking of investing with them? If I tell Fidelity, Charles Schwab, or any of the other investing/exchange firms that I want to put my money into an account that they manage, they say make the check out to their company name, not some (supposedly) third party.
cybaz t1_j1zf3w8 wrote
That is the biggest takeaway for me, how did so many people think this guy was capable of managing billions of dollars? He graduated from MIT and worked for a Hedge fund which is impressive, but there are hundreds of people who have done that. He was managing funds in Quickbooks, which should have been an immediate red flag that this guy was in over his head and played League of Legends on investor calls which should have shown that he didn’t have the discipline to run a company.
seimungbing t1_j1zascs wrote
you dont go into a casino and ask where they got their money from. buying crypto as investment is the same as betting against house.
Viewing a single comment thread. View all comments