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Is SBF a Ponzi Scheme or an Outright Fraud?
Will Marshall: I sort of admired Sam's strangeness from afar. And now, like a lot of people, I think he may have been a fraud. He says at least one plausible scenario is that SBF was in charge of both a trading platform and a hedge fund. Marshall: It makes me feel like this guy that I kind of admired from afar might have been less of a JP Morgan and more like a Bizarro Elizabeth Holmes.