Weekly Roundup 11/17/22 (John Ray's FTX filing, will FTX political contributions be repaid, what's wrong with effective altruism?) (EP.372)
On The Brink with Castle Island
00:00
Where the Money Really Goes
Alameda Research, which is the prop shop side of this fraud empire, they loaned $4.1 billion to related parties that included a $1 billion loan to Sam. There's also a $2.3 billion loan between some subsidiaries that are, like, questionable here. And then there's, of course, the quote, never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information has occurred here. It's absolutely wild.
Play episode from 17:26
Transcript
