does this guy not have a lawyer?
They also received a 16 million dollar home from FTX.
The banks will shortly have a 16M home*
It's really more like a phishing attack to get people to voluntarily wire money to the Alameda bank account presented on the website's interface, and they did.
Why on earth would such an exchange be precluded from having Compliance Officers?
That does not pass even a basic sniff test. It does not make any sense.
I don't think they get regular audits like normal banks...correct me if you know different.
Under Bahamian law?
If he acquired representation it would make him appear to:
1) be aware that he did something wrong
2) make his idiotic statements unreliable going forward as a lawyer would filter his statements
3) give the prosecution enough to work with to break his idiot defense.
This is all part of his plan to evade accountability and prison time.
I'm doubtful it's a coherent pre-planned legal strategy though. Playing dumb isn't a legal defense. Considering his obsession with "altruistic" charity, it makes sense he'd take an altruistic approach to the media backlash... Something detached from a purely rational/economic approach that places communicating his own good intentions as the most important metric.
Ego is occams razor
There is no a good legal strategy here by talking like this no matter how you spin it. He just desperately wants to come off as a hapless good guy who got in over his head, even if it makes prosecution easier.
I’m not buying the brilliant conman narrative until I see more evidence he actually profited from this more than some $16M house for his already upper-middle class family.
I do like the idea he just thinks he can good-guy himself out of it.
Maybe that's what got him money in the first place? A disarming pseduo-honesty.