Gabriel Bernarde Whistleblower raided in bed - Sam Bankman-Fried convicted of fraud over FTX collapse

 “It’s better to create something that others criticise than to create nothing and criticise others. Go create, have fun!!”

— Ricky Gervais

 

Gabriel Bernarde Whistleblower raided in bed, gagged, while Big 4 run amok and regulators duck for cover

This analyst shorted Wirecard. Then ASIC raided his house After a two-year tussle, Viceroy Research’s Gabriel Bernarde opens up

The sometimes eccentric views of John Hempton Bronte Capitol

Tiny Banks That Powered Cash App Grew Like Crazy. Then the Feds Came Calling New York Magazine

We must stop AI replicating the problems of surveillance capitalism FT. On AI, see yesterday’s post.

 

Sam Bankman-Fried convicted of fraud over FTX collapse Financial Times. I knew you could stick a fork in SBF when it was revealed a former Salomon Brothers investment banker older than me was a member of the jury. If there were any doubts (and the super speedy verdict on 7 counts says there were none) that SBF was a nerd poseur con artist, someone like that by virtue of training (persuading clients w/o looking like muscling them) and experience (being imprinted on Wall Street on the law and appearance-fearing side of the industry when SEC enforcement was reported as literally giving heart attacks and “whatever you can get away with” traders did not yet dominate the industry) would clear up any misgivings as to what SBF was about

Sam Bankman-Fried: guilty on all charges Molly White

Bankman-Fried’s Conviction Stirs Both Hope and Condemnation for Crypto Bloomberg

Amazon designed its algorithm at Jeff Bezos’s urging to be something it wanted to show you, not the cheapest and best product, government claims Fortune. A phishing equilibrium.

The Happiest Man in the World Nautilus 

Oops: Lawsuit Reveals HBO Boss Instructing Staff To Twitter-Troll Critics

Part of the material includes texts from the network’s CEO Casey Bloys imploring lower-level staffers to create fake accounts on Twitter to respond to critics talking about their shows and on websites discussing HBO. - New York Magazine