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by jcranmer 4 hours ago
Would you consider it theft if you asked someone to watch over your house, and when you came back, they told you they sold your house but give them a few months and they should be able to buy it back? That's basically what SBF did here--he sold the customer assets that were not his to sell, and his defense is trying to obscure the basic fact.
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If Michael Lewis is to be believed making Gemini whole was his largest mistake.