I have met such financial directors who believed that the free cash of the company should not be kept in a deposit account, but should be used for high-risk investments (for playing on the Forex market, for buying "junk" bonds, for buying cryptocurrencies).
At the same time, such financial directors sincerely believed that they were doing a great service to the head of their company.
However, this is a big mistake. The goal of any company is to make a profit from entrepreneurial activities. Even at the stage of creating and registering an organization, the owner of the company chooses the types of entrepreneurial activities that he wants to engage in.
Ordinary organizations are not created to make investments.
The employees of such organizations do not have the necessary experience to carry out such activities. Such activities should be carried out by specialized investment funds.
I think that is the risk they are taking with their life as much as with others money as well. Because when they do something this silly, as we can see from the example they could get jailed as well. The best thing to do with money is to buy bitcoin at this moment but if it is someone else's money I would not be able to put it in anything, maybe like bank interest or just treasury bonds as well. Sure you are going to be beaten by the inflation but at least you are not going to lose anyone's money, that would be a lot worse.
What if I risk it and get something even small risk, like buying gold, and then it ends up going down? Or like some huge amount of gold is figured out? I do not want to be part of that and I rather just focus on what I can trust, something guaranteed.
In the profit grouping company will also influence to determine the next step. it's the same as after we get a profit, some of it is called pocket money, it can be allocated to a new line of business, maybe we don't really understand it yet but have the courage to run it, because this is like pocket money, after it's for snacks it will disappear, while the allocation to a new field this is also the same in principle, where if it doesn't work it's okay, but if it works then we will get a new source of income, so there is one business allocation that can be said to be running without any specific calculations, because in its nature it is burning money