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.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.Same with his stance about charity and altruism, all PR, likely nothing in good faith.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.Why? This is not the first time.Enron, Worldcom, Theranos, Madoff, Nikola, to name a few...