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Home Team | PBD Podcast | Ep. 290
PBD Podcast
The Law of Misappropriation
Sam Bankman took a one-time lifetime exemption on a pass-through inheritance to his father. This was $10 million tax-free that went to his dad through an elaborate trust. His dad was holding it and now his dad is wiring payments to the law firm. Big guy. So when people say misappropriated, they're careful not to use the word illegal because he is hiding behind this where this was... Just out of curiosity, Tom. What kind of consequences will that person face if they're working for the government?
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