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I'm glad it ended the way it ended for him.
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I'm glad it ended the way it ended for him.
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I don't understand this. The FTX customers are the losers here. Sam didn't lost anything and he was flying on business class two days ago after being granted bail. Now it is clear that he will not spend even one day in jail, despite stealing almost $10 billion from the FTX clients. It ended in a way which is extremely beneficial for him. The idiots who trusted him and kept their money in FTX accounts are the ones who got royally screwed. His bail was set at $250 million. For him it wasn't very hard to set up the bail from the stolen assets.
https://liveandletsfly.com/bankman-fried-american-airlines/
That is quite incredible, but actually it seems that the system usually goes like this.
The 2008 financial crisis was a bit similar really, the "normal" people lost everything while the people in power who made those decisions didn't lose anything at all.
And these things keep happening every few years.