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by liamwestray 1295 days ago
I mean sure. But Gisele's ads were specifically calling her an "ESG Advisor" to FTX.

If you're going to tell me you're any kind of "governance" advisor to a company that defrauded people to the tune of billions, I am not going to pretend you are somehow not partially liable.

1 comments

Do you feel all employees of FTX are partially liable? Where do you draw that line?

People endorsing products have zero inputs in the decision making processes that lead to these meltdowns so I don’t really see how they can be held accountable.

FTX employees are fully liable. Except probably the janitor. FTX/Alameda were obvious scams.
What about the HR staff interviewing or hiring people?

Or the marketing person who created / managed an Instagram campaign?

Or the IT staff who setup notebooks and a VPN/firewall?

None of these (or many others) was even involved in the core product or are expected to know anything about financial regulations.

There is a reason that usually only senor leadership is involved in such suits.

There are exceptions to that rule of course

Why is the janitor not liable? They janited for a fraudulent company.
Obvious scams eh? Wheres your short money