Chapter
Compliance Officer in Poker Cheating Scandal
13:01 - 17:17 (04:16)
The compliance officer involved in the ultimate bet poker cheating scandal was a League of Legends expert who played on multiple monitors, dabbled in cryptocurrency and used speed.
Clips
The demand for unregulated environments and disdain for elitism creates the perfect environment for intentional fraud to occur.
13:01 - 15:14 (02:12)
Summary
The demand for unregulated environments and disdain for elitism creates the perfect environment for intentional fraud to occur. In an environment where people are motivated by rewards, the hungriest mouse will always win.
ChapterCompliance Officer in Poker Cheating Scandal
EpisodeE106: SBF's media strategy, FTX culpability, ChatGPT, SaaS slowdown & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The corporate structure of Alameda Research and its affiliated entities is designed to obscure certain protections and is a sophisticated attempt at construction.
15:14 - 17:17 (02:03)
Summary
The corporate structure of Alameda Research and its affiliated entities is designed to obscure certain protections and is a sophisticated attempt at construction. There are concerns about the involvement of the compliance officer, who was connected to the ultimate bet poker cheating scandal, and the way Alameda was exempted from normal margin requirements in FTX.