PP2
Hall of Fame Poster
- Joined
- Jul 28, 2012
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I don't think he did anything illegal.
But I started this thread back in June when another crypto outfit hid assets with FTX in order to void paying back creditors and individual investors.
All this stuff is unregulated, and FTX was in the Bahamas, but the celebrities who worked with FTX, even if they were just getting paid for an endorsement, were already working for a company that was committing fraud by allowing other firms to park their money with them.
Maybe the celebrities didn't know this was going on. But it was in the news. Do these people have financial advisors? Seems to me it's their business to know FTX was involved in sketchy business way back.
The one thing he is guilty of is not doing his due diligence, or rather, hiring financial advisors that didn't do their due diligence.
This is why I never rely on anyone else to do due diligence for me. Nobody will take better care of your own money than you will, because you were the one that put in the sweat and earned it.