https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html
("Samuel Bankman-Fried, Facing Fraud Charges in U.S. Is Arrested in the Bahamas")
Apparently he was Robbing Hood, with defective altruism as the centerpiece of a cryptocurrency scam. And he brought down with him more than just an industry. He also stole our dreams.
Samuel Bankman-Fried, it turns out, was too good to be true. In a world which we now approach with cynicism and suspicion, where the promise and promises of Mark Zuckerberg have given way to hearings and accusations, where Elon Musk has become ever more delusional and we have become ever more disillusioned with his signature brand of your pain for his gain, we yearn for a tale of the rich that doesn't end in our disgust, dismay and distress.
So, like the apocryphal tale involving the young boy with disbelieving eyes and the disgraced ball player we desperately wanted SBF to rise from the ashes to just say it ain't so. His arrest now a resounding nail in that coffin.
And it now seems his rise to greatness was nothing more than another depressing chapter in the story of myth and men.
For me, the real sadness is that Congress has failed to act on regulating all of this. Where is the accountability from our federal regulatory agencies? Why must we always park an ambulance at the bottom of a cliff, instead of putting a fence on top? --RE