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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is probably a Bernie Madoff situation. I think we now know why SBF and his deputies donated nearly $70M to PACs this election cycle. [/quote]

The effective altruism piece on him by Sequoia was hilarious
https://archive.ph/2022.11.10-160906/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/[/quote]

I couldn't get there from that link, but this link worked for me.

Long, but well worth the read if you are into the scandal.

In retrospect, the fawning of the article's author is hilarious. It seems SBF's effective altruism was backed up bu an ends justify the means philosophy.  Because he had all these utilitarian good intentions for his fortune, it didn't matter what ethical corners he cut to make it.

SBF was the second largest donor to Biden's election, and he donated $40 million, second only to George Soros, to the Democratic party for the midterms.  His "soft" number for his future donations to the party was $1 billion.

https://web.archive.org/web/20221027181005/https:/www.sequoiacap.com/article/sam-bankman-fried-spotlight/[/quote]

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