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We'll have to wait until sentencing to see if his illegal Democrat Party contributions bought him anything.
I'm curious how jurisdiction was determined because he was in the Bahamas when these crimes were committed I think. Anyways, I'm curious to see what happens next with him.
For instance, did they begin using customer deposits only after Alameda lost all its money or did they have a plan from the very beginning to use customer funds ?
See, by being a company that gives large amounts of money to charities, they have an excuse for never going public on the stock market. And without going public they don't have to show financial records.
Or a dealing-desk might be possible whereby investors holding positions on margin are just accounted the position while the dealing-desk holds the beginning cash value. But to not hold the liquid funds would be something different. Now the safest way to run the business is to profit from the Bid/Ask spread and then lay-off order imbalances to other institutional operations.
Well, here's a move list of character studies:
The Informant!
Owning Mahowny
Uncut Gems
The Falcon and the Snowman
.
What kind of time is he looking at via the book…? Before donations, etc are figured in.
Upwards of a century in prison. But as you point out, not gonna happen. Might do 7 or 8 years and get out early and make a return to managing other people's money, like John Corzine did.
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