Is is interesting that Sam bankman-Fried was convicted of more than 11 billion dollars fo financial fraud; he is in a league of shady financial dealing perhaps exceeded solely by U.S. Congresspersons of interest that have compiled a 41 trillion dollar public debt without the means to pay it.
Mr. Bankman-Fried does have an appeal petition before the U.S. Supreme Court for the FTX and Alameda Research convictions so he could be released in time for the 2028 general election. Otherwise he would be paroled in 2044. Being a convicted felon does not prevent a citizen from becoming a Congressman perhaps elected in his California home district.
Congresspersons need be skillful at spending hundreds of billions of dollars inefficiently, and bank fraud is a fairly inefficient use of funds. As in the world of criminal fraud so it is in Congress that efficiency is largely determined by how much the politicians may increase his or her assets during their term of office. Mr. Bankman-Fried has the potential to become one of California’s best Congresspersons in history.
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