captain554

captain554 t1_je3cv9r wrote

Trick is to sell right before the crash: "CEO Greg Becker sold over $3.5 million in company stock, an SEC filing shows. Less than two weeks before Silicon Valley Bank became the largest bank failure since the 2008 financial crisis, top executives at the company sold stock totaling several million dollars, according to federal disclosures obtained by ABC News"

7

captain554 t1_j1ku4j2 wrote

Had he not given any interviews he probably would be in less trouble. In the interviews he strongly alluded to the fact that all customers money was in one big bucket and Alameda had open access to all of it. His justification was that some of those customers agreed to the terms of service that allowed for the trading/risk. Too bad "some" doesn't mean "all."

He is definitely going to rot.

8