In the 90's while you were in diapers Sandy became famous for F'ing people over in an insurance scheme where he promised big rewards if they sold insurance and got others to jump in to sell it turns out it was a huge turd for most. The dude seems to f people over and still gets out ok. Bitcoin is just a new type of pyramid scheme the people at the top wait for it to drop and then the trigger a selloff and make out big.
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When WorldCom filed for bankruptcy in July 2002 as a result of a massive accounting fraud, it led to over 12,000 WorldCom employees losing their jobs, their 401(k)s, their medical insurance, and much of the severance they were owed. Some of the employees set up a fund to help each other save their homes or pay critical bills. Even members of Congress were sympathetic to the plight of the workers and contributed to the fund the tens of thousands of dollars that WorldCom had given in political donations.
But billionaire Scrooge, Sanford (Sandy) Weill, who was Chairman and CEO of Citigroup – the firm that was charged with aiding and abetting the fraud and paid a total of $3.05 billion to settle with regulators and defrauded shareholders, has quietly raked in $2,048,226 between 2006 and 2010 from a fund meant for victims of the fraud. Given the role that Weill’s firm played in the fraud, that’s akin to the driver of the getaway car approaching the bank manager after the holdup and asking if he can get his parking comped. "
