MyWar
Trumpâs actions never actually resulted in financial losses.
If someone defrauds lending institutions out of $100Ms, which the conviction noted, those institutions are losing that revenue. This is then reflected in their price per share. Whatever institutions he defrauded did not absorb the loses, they were pushed on to the average investor. If those institutions ended up more in the red from it, then could have been forced to dilute shares or take out new bonds. If you are an active investor, you likely know what happens when a company you are invested in has to raise capital. People lost money as a direct result of his actions. No doubt, what Bankman-Fried did is different than Trump and resulted in much more loss for many, but both ACTUALLY resulted in financial losses.
BTW - I would bet many of the lending institutions knew exactly what was going on and had some sort of old gentlemen's club handshake agreement. Where their CEOs were on "business trips" aboard Trump's yacht or weekends at golf resorts, ect. I would hope some of that was uncovered and those taking part were held accountable. But I won't hold my breath on the multiple tiers of justice that we have in our country going after them. Any of us try to do something like that and prison time. They do it and just part of business...
Maybe whoever the next President is will be "tough on crime". Which apparently means tying up the criminal court system with delay after delay. Just think if every criminal had the ability to do that. Our prisons would be empty and criminals would be free to do what they want. Like grabbing women by their muff. Can't wait for that to be legal again. It has been too long that I have had to ask permission for that.