While I guess “crypto” makes the headlines, this seems to just be garden variety embezzlement, only I this case the embezzlement was to support an “investment” that was itself fraud.
It’s not functionally any different from if the money was lost due to him embezzling and putting it into madoff’s fund or Enron, etc
I’d add an additional note though: bro was a bank CEO yet fell for a blazingly obvious scam, so it seems like the people who put him there should have to answer questions about their approach to ensuring he was competent for the position.
It’s not functionally any different from if the money was lost due to him embezzling and putting it into madoff’s fund or Enron, etc
I’d add an additional note though: bro was a bank CEO yet fell for a blazingly obvious scam, so it seems like the people who put him there should have to answer questions about their approach to ensuring he was competent for the position.