Financial Fraud Allegations

Comments focus on suspicions of massive financial frauds and scams, referencing cases like FTX/SBF, Mt. Gox, effective altruism organizations, Jane Street, and historical examples such as Madoff, Ponzi, and Enron.

📉 Falling 0.3x Finance & Crypto
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#4425
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Keywords

bloomberg.com cbslocal.com VERY SBF ycombinator.com www.pbs FTX twitter.com newyorker.com AND fraud ponzi investors theranos financial ponzi scheme charles scheme street wall street

Sample Comments

lazyloop Feb 25, 2014 View on HN

Clearly a hoax or an inside job, nobody loses that much money without noticing, this might go down in history as the Gox scheme.

moron4hire Feb 3, 2016 View on HN

Wouldn't be the first time a bunch of high-profile investors got bilked.

hsuduebc2 Feb 6, 2025 View on HN

Funny how this person constantly accuse someone for being illegal or fraudulent why commiting biggest heist in history.

jaspertheghost Nov 18, 2022 View on HN

hmm is this effective altruism, seems like they used it to cover massive fraud.

taeric Jul 10, 2023 View on HN

Seems relevant to https://news.ycombinator.com/item?id=36665247.My understanding is they worked together? I may be mixing up other names.At any rate, kind of crazy to see the levels of fraud that are coming out. Would love to know there was some systemic cause, but expecting not.

watwut Dec 27, 2020 View on HN

Afaik, there were actual massive frauds going on.

rburhum Jan 22, 2018 View on HN

Not to be nitpicking, but Charles Ponzi and Madoff did fraud at global scale.

josefrichter Nov 25, 2019 View on HN

The reason of $42 billion borderline fraud with red flags all over is not newsworthy?

julienfr112 Aug 20, 2020 View on HN

If the guy was auditing Enron or Madoff, that explains a lot ....

downandout Apr 13, 2018 View on HN

Shkreli got in trouble for lying to his investors about losses in his hedge fund. He paid them back later, but to the feds that was a little like robbing a bank, then winning the lottery a few years later and deciding to give the bank its money back.