Another financial shenanigans that resulted in a classic bank run (which fortunately spared most of us)

Parents Forum Parent Cafe
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And she claims she was manipulated by her ex - who she says psychologically and sexually abused her. I don’t want to minimize anyone’s claims in that regard. To me, that’s easy to escape, she wasn’t held hostage. But I’m not her nor an abuse victim (I personally don’t believe she is either but it was for the jury, not me to decide).

In this case, a jury didn’t believe her and she’ll find her penalty. She cheated employees, Walgreens, top execs, investors, and more.

Crazier to me, someone wanted to date her, married her, and they had a child. You’d think whoever might be interested in someone like her might run real quickly when they find out what they’ve done, what might be or become because a child will now grow up without mom for many years - and that could have been seen from b4 they even started dating.

So there’s a lot of sad things here.

I hope the judge/jury get it right.

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Tom Brady and Gisele may have to get back together, it’s not the divorce that made them poor, it’s their investment in FTX.
https://www.coinspeaker.com/tom-brady-gisele-bundchen-ftx/

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Whoa! :open_mouth:

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I thought their networth was around $650 Million according to Google, but if this article is correct, they lost $650 Million.

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I wonder if it was all paper. For endorsing. But not personal funds. Hopefully.

He’s gonna make a lot in broadcasting. He’ll be fine.

These are times when you realize that yes diversification is important !!

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I guess he won’t be retiring after this season after all.

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This article is better, the actual lost is $1.8 B, but paper lost is huge from the peak evaluation. So Tom and Gisele least about $45m and $25 million respectively.

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“I don’t think it’s an understatement to predict that the FTX bankruptcy will be the most complex in U.S. history," Caitlin Long, founder and CEO of Custodia Bank, told Yahoo Finance Live. “These were leveraged players who were just rolling the dice. This was a casino. Good riddance to them.”

Read more here:

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Hope like unlike mortgage backed securities fiasco, this was a financial cancer that has not metastasized.

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Deleted - wrong thread.

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Wrong thread, @oldfort ?

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It’s a positive - I think - that markets rallied vs collapsing.

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Wong thread

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Oh oh, they are going to be in class action lawsuit, not a good day for these sport celebrities.

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Another mastermind of the FTX Ponzi?

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Interesting to me both she and SBF’s parents are professors at the highest level of US colleges.

Not saying their parents didn’t do a good job……but there sure seems to be a lot missing from their kids moral compass in regards to their business dealings.

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SBF definitely is ethically challenged, but I don’t fault his parents at all, or see it somehow as their shortcoming or due to their influence. If my adult kids act unethically, that is not a reflection on me, same as any of their successes.

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If they act unethically it’s their upbringing, if they succeed it’s their upbringing. Isn’t that the point of parenting, who else do we blame?

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Parental upbringing certainly affects the kid’s chances of success or failure, even though it is not a guarantee of either. Why would it not affect the kid’s chances of meeting a particular standard of ethical behavior?

However, failure or unethical behavior can occur despite the parents’ best efforts while raising the kid.

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What I tell my kids (and myself!) is, “Good parenting shifts the average outcomes positively; bad parenting shifts the average outcomes negatively. But there are always outliers both ways. :woman_shrugging:t2: Do your best and don’t make judgements about other people.”

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