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quickthrower2
on Nov 24, 2022
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FTX’s ownership of a U.S. bank raises questions
A small bank, right?
fnordpiglet
on Nov 24, 2022
[–]
Any bank. Bank charters are attached with enormous responsibilities and consequences.
quickthrower2
on Nov 24, 2022
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parent
[–]
For big banks: fines yes, prison, usually no.
For example
https://www.reuters.com/business/finance/us-fed-terminates-e...
fnordpiglet
on Nov 24, 2022
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For employees involved in money laundering or insider trading or other financial crimes, they go to jail fast regardless of bank size. And the firms spend negative energy protecting them.
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