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by jaywalk 1304 days ago
Money laundering.
2 comments
tedunangst 1304 days ago
That's always the "next level" explanation for fraud, but how and why? What did Sequoia get out of this? Who's giving them dirty money?
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jaywalk 1304 days ago
It isn't necessarily that Sequoia (or any of the other VCs) had dirty money to launder. It could have also been that they wanted to use clean money for unclean purposes.

To be clear: I'm just letting my mind wander in response to your question, not saying that's what happened.

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tedunangst 1304 days ago
I heard George Soros gave $200m to Sequoia to give to FTX to give to antifa to smuggle yellow cake disguised as children's pronouns.
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hungryforcodes 1304 days ago
Money laundering -- whatever. Simple greed explains it.
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jaywalk 1304 days ago
It could be simple greed by incredibly simple-minded VCs or it could be something worse. Somebody asked what the something worse could be, and I replied.

We are learning more and more about all of this each day. There was massive fraud going on within FTX, and I don't think it's terribly far-fetched to believe that it wasn't contained within the company.

Simple greed explains it -- whatever.

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