3AC Arrest...

He should have stayed in prison for 4 months.
4 months is quite short actually.

He could have 'enjoyed' the free food and free lodging.
During the 4 month cost-free living, he could have reflected on his life.
Then decide whether

he want to earn even much more money or
to just lead a simple humble life.

His prison term will most likely be increased because he attempted to escape.
 
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maxinger said:
he want to earn even much more money or
to just lead a simple humble life.
More...
"In January, Davies and Zhu were reportedly attempting to attract investors for a new venture — a distressed debt marketplace dubbed GTX that was looking to capitalize on bankruptcies in the industry."
 
You drop 10 bil,hide and flee,and all you get is a 4 month slap on the wrist???
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I do not believe that 'losing' money in risky trades' counts as a crime in itself... Unless, they violated certain things with lenders, which we most likely will hear a lot about going forward. Technically, there is going to be two sides to the story...

I watched the Davies interview on both CNBC and with Hugh Hendry. Both were very cringy to watch. Davies looks and acts like the typical clueless millennial who thought he must know everything but really knows nothing. Every sentence he speaks sounds like a 10-year old trying to make something up.

I have not seen anything that cringy since the James Cordier apology video.
 
Are you kidding, how can you even mention those clueless clowns in the same post as Hendry.

The_Krakenite said:
I do not believe that 'losing' money in risky trades' counts as a crime in itself... Unless, they violated certain things with lenders, which we most likely will hear a lot about going forward. Technically, there is going to be two sides to the story...

I watched the Davies interview on both CNBC and with Hugh Hendry. Both were very cringy to watch. Davies looks and acts like the typical clueless millennial who thought he must know everything but really knows nothing. Every sentence he speaks sounds like a 10-year old trying to make something up.

I have not seen anything that cringy since the James Cordier apology video.
More...
 
What could possibly go wrong entrusting 10bln to a guy like this...

Screenshot_20230930-083512.png
 
M.W. said:
Are you kidding, how can you even mention those clueless clowns in the same post as Hendry.
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I don't understand the fascination with Hendry. Returned 2X capital over 15Y and the bulk of that in one month in 2008.
 
I was referring to his knowledge and educational level. Definitely not a gambler.

destriero said:
I don't understand the fascination with Hendry. Returned 2X capital over 15Y and the bulk of that in one month in 2008.
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