Sam Bankman-Fried Is Charged with Foreign Bribery(nytimes.com)
nytimes.com
Sam Bankman-Fried Is Charged with Foreign Bribery
https://www.nytimes.com/2023/03/28/business/ftx-sam-bankman-fried-bribery.html
13 コメント
Violation of the Foreign corrupt practices act carries a prison sentence up to 5 years and $100k of fines. This is not Sam's year.
I can kinda see his face on the front of Time Magazine. This is Sam's year, just not in a good way.
Luck has nothing to do with this — right?
A crypto company having its crypto seized by a government seems a bit ironic. Isn't avoiding that the one valid use case for crypto?
Yes. Except turns out that the ability to inflict violence (imprison you, and hurt you if you try to flee or don't comply) is still the ultimate power, from which all other power is derived.
There is no money, taxes or private ownership without "violence".
There is no money, taxes or private ownership without "violence".
Can anyone comment on how necessary this sort of behavior might be to operate in middle economies / developing economies?
It's absolutely necessary for operating in a lot of countries.
That doesn't make it acceptable or moral. The company could instead choose to be less profitable and not expand in that country. It's not "necessary" in the broader sense of being profitable.
That doesn't make it acceptable or moral. The company could instead choose to be less profitable and not expand in that country. It's not "necessary" in the broader sense of being profitable.
Allow to play Devil's Advocate for a moment: Why should bribery of a foreign official be illegal in the United States?
Because it endangers all US business interests in foreign jurisdictions.
https://en.wikipedia.org/wiki/Foreign_Corrupt_Practices_Act#...
They keep piling on at this point.
Again the medias' credibility got lower for me when the NYtimes et all kept defending this thief.
Again the medias' credibility got lower for me when the NYtimes et all kept defending this thief.
Also WSJ, which was the most odd.
Whereas bribery in America is legal and expected, so no charges will be made on that front