Current Events > Do you consider bankman fried's crime worse than what elizabeth holmes did?

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GranTurismo
11/03/23 7:22:19 AM
#1:


Did bankman steal more money than holmes? you think he will be sentenced, for longer?
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Irony
11/03/23 7:23:25 AM
#2:


Bankman-fried stole from bad people

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GranTurismo
11/03/23 7:38:07 AM
#3:


Irony posted...
Bankman-fried stole from bad people
you thought that most of them were bad people? why?
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TheMikh
11/03/23 7:39:42 AM
#4:


holmes scammed institutional investors out of a few hundred million

bankman scammed retail investors out of several billion

bankman is objectively worse

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JuanCarlos1
11/03/23 7:40:11 AM
#5:


Irony posted...
Bankman-fried stole from bad people


Id think more regular joes were into FTX than Theranos due to bitcoin hype. It was advertised everywhere.

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GranTurismo
11/03/23 7:42:39 AM
#6:


TheMikh posted...
holmes scammed institutional investors out of a few hundred million

bankman scammed retail investors out of several billion

bankman is objectively worse
i thought that holmes stole more than that, and fried, less. IIrc, though
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TheMikh
11/03/23 7:57:49 AM
#7:


GranTurismo posted...
i thought that holmes stole more than that, and fried, less. IIrc, though

https://www.investopedia.com/articles/investing/020116/theranos-fallen-unicorn.asp
Theranos reportedly raised roughly $724 million of capital from venture capitalists and private investors, ultimately attaining a valuation of $10 billion.

https://www.nytimes.com/live/2023/11/02/business/sam-bankman-fried-trial
Sam Bankman-Fried, whose FTX cryptocurrency exchange collapsed last year, was found guilty on all seven charges of fraud and conspiracy. Prosecutors said he orchestrated a scheme to steal as much as $10 billion from his users.


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Irony
11/03/23 8:02:33 AM
#8:


JuanCarlos1 posted...
Id think more regular joes were into FTX than Theranos due to bitcoin hype. It was advertised everywhere.
Crypto bros are shit. Some of the people that Holmes took money from actually believed in what she was doing.

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Sariana21
11/03/23 8:17:43 AM
#9:


Homes lied about a healthcare product that people relied on. I think her crime was worse for that reason. People could have died because her tests were bogus.

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Shishiwakamaru
11/03/23 8:21:42 AM
#10:


Irony posted...
Crypto bros are shit. Some of the people that Holmes took money from actually believed in what she was doing.

Oh please dude. Many normal people invested in cryptocurrency. I think they still are because cryptocurrency is in my phones autocorrect and I dont think I typed that word before

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berlyman101
11/03/23 8:23:29 AM
#11:


Holmes scammed people out of hope and took advantage of a system designed to help people.

Bankman-Fried, I think, used billions of dollars to leverage in risky investments and went bust. That's mind-bogglingly reckless, but I could see falling into a spiral of gambling and trying to leverage to get it back until it collapses. He's responsible for that, though, and it probably hurt a lot more people in a tangible way.

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Shadow_Don
11/03/23 8:26:22 AM
#12:


TheMikh posted...
holmes scammed institutional investors out of a few hundred million

bankman scammed retail investors out of several billion

bankman is objectively worse

If Holmes continued she would have gotten sick people killed.

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"The soul in the darkness sins, but the real sinner is he who caused the darkness." - Victor Hugo
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TomClark
11/03/23 8:39:54 AM
#13:


Bankman-Fried exploited people's desire to get rich. Holmes exploited people's desire to heal people.

She stole a great deal less than he did, but her scam was objectively far more reprehensible.

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