Monday, November 14, 2022

one big question ... is whether it was folly or fraud

 --- Ben Cohen, in his Nov 14, 2022 story for the WSJ, "The Risky Business of Sam Bankman-Fried"

From the story:

There is much that remains unknown about the meltdown, and one big question for the investigators figuring out what happened is whether it was folly or fraud—a cautionary tale of excess risk or an empire built on a house of cards.

"Folly or fraud" is often at issue tricksters, with some leaning to folly (Coyote), others to fraud (Reynard the Fox), and yet others where it's not clear (Loki).