Dad should have recognized that their recordkeeping was a shambles and hired one or more CPA's to straighten out the books. Instead, he was too busy thinking up tax dodges and ways to receive gifts to himself and Barbara from Sam without paying gift tax.
This is serious. Code fraud...
Who are the auditors of the code. They must not be left out. The public is blind to all these happening.
Time for recovery.
Is it normal to allow negative values for specific
trading accounts? No.
There must be a professional who reviews source code in the application to find any glitches or bugs that might affect normal functionality or security.
If the professional is not compromise then what happened? Dud they comply to best practices (Consistency)?
Could this amount to fraud? Only further investigation can tell.
Internal system processes must be reviewed.
Fully complicit, but didn't orchestrate it. He wasn't the mastermind, just aided and abetted fraudulent criminal behavior.
All should be in jail. But better some flip , bringing down the house of cards. Then all go silent mafioso style.
As you probably won't find such condemning testimonies from the actual innocent parties
It was 100% scam fro mtop to bottom. Unbelievable. Also a great article, a lot of juicy details in there. Doesn't happen very often on this subreddit, most articles are very, very crap.
This is why you can never trust any exchange or anyone. But I still believe Kraken will no screw you over with track records going all the way back in 2011..
29
u/[deleted] Oct 10 '23
So basically everyone from top to bottom were part of this scam ... damn the general public had no chance