FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
What is striking about the Sam Bankman-Fried case is that for a long time he was considered to be one of the few who really knew what he was doing and also an advocate for more regulation.<p>It appears to have been a smoke screen, given the financial fragility of his multiple companies, he could not have been looking for more scrutiny and regulation, he was playing Poker with politicians and his competitors.<p>Same with his stance about charity and altruism, all PR, likely nothing in good faith.<p>All of this is not surprising or unusual in business, deception is part of the game, but the part I find disappointing is that almost everyone believed it until it crashed.<p>Why? This is not the first time.<p>Enron, Worldcom, Theranos, Madoff, Nikola, to name a few...