From Lehman to Sam Bankman-Fried Part II-The Dump

UPDATE on criminal charges below.

The US SEC released its civil complaint against Sam Bankman-Fried (SBF) this morning.

SBF thought he was Lehman Brothers.

I’m interested in the SEC’s civil allegation because, after the 2008 crash, almost no one got in trouble: a few low-paid escrow closers who thought they were doing their jobs, closing hinky loans at the direction of their managers, neither having much understanding of the bigger picture; a few lawyers who helped clients lie to federally…