The Elon-SBF Connection (Robert Wright & Mickey Kaus)
Robert Wright's Nonzero
00:00
Semaphore
In Madoff's case, maybe it was the investors in the hedge fund who had gotten returns from the hedge fund. That's not what semaphore did. Semaphore said, yeah, you want to invest in our company? Go ahead. You're investing in us. We're not investing in you. So if SPF buys part of semaphore with his ill-gotten gains, that could be clawed back.
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