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NarrowSalvo t1_j3kmhij wrote

Reply to comment by lemonadepeachy in FTX attempting to recover millions donated to charities. by imhergod

I was with you until the last sentence. Simple to return?

Even though it averages more than 1 million dollars per charity for more than 100 of them? And they seem to be likely be poorly funded ones like one that tutors in rural India and China? You think a charity like that has 1 million dollars on hand? Or hasn't already spent it a year ago.

It might be "moral" to do so, but that doesn't make it "simple".

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Alkalinum t1_j3ov8ci wrote

Some of the charities were indeed those sorts of charities keeping orphanages in India open, and it does feel really sour to say they have to refund the money, but much of the donations were to political charities and consulting charities - SBFs mum runs a Democrat superPAC that got $1 million, his brother runs a lobbying charity that received $12.1 million. Democrat politicians got $40 million, and Democrat interest groups got $10s of millions on top of that. Sam's 'Mentor' the leader of the Effective Altruism movement runs several non profit consultancies that got about $30 million, and Oxford university where he works was given about $10 million. I reckon all those organisations won't have too much difficulty raising the funds back to repay the people whose money was stolen.

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