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
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.
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