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this post was submitted on 22 Aug 2024
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So the CEO was a gambling addict on top of being a clear idiot. How the fuck do these people fail their way into these positions and not get filtered out along the way?
This was a sad read. A gambling addict would have at least had a chance to make money. This guy just kept throwing money away other peoples money and never saw any returns.
I can't believe someone at the bank didn't question the strange wire transfers. Or that the guy who told him he was being scammed didn't immediately reach out to the authorities.
Question: Wouldn't the FDIC reimburse most of these people's money?
250k per, so not necessarily all your money if you had saved a lot