Jamie Loftus
๐ค SpeakerAppearances Over Time
Podcast Appearances
He and SBF met back at MIT when Sam was an undergrad.
McCaskill convinced him that he could maximize his impact in humanitarian causes by earning to give, you know, making as much money as possible so that he can give it away in a way that presumably will help the world.
Now, when Sam ultimately launched Alameda Research, it was an EA project from the start staffed by Sam's friends in the community.
One software engineer told Time, almost everyone who came on in those early days was an EA.
They were there for EA reasons, says Naya Buskal, a former software engineer at Alameda.
That was the pitch we gave people.
This is an EA thing.
It is.
It is basically a sports video game.
It's true.
In just nine months in 2022, the Future Fund, run by Nick Beckstead, a moral philosopher who used FTX money to support various causes, gave more than $160 million in other people's money funneled through FTX to effective altruism, including $33 million to organizations that McCaskill had a direct interest in.
Um, so that's why McCaskill spoke so positively about Sam, which is, it's made even more fucked up when you realize that like other people in the EA movement had started warning McCaskill about Sam Bankman freed and about him being a con man as early as 2018.
And I'm going to quote again from time.
This is about from like the very start of Alameda research.
Three former Alameda employees told Time he had inappropriate romantic relationships with his subordinates.
Early Alameda executives also believed he had reneged on an equity arrangement that would have left Bankman Freed with 40% control of the firm, according to a document reviewed by Time.
Instead, according to two people with knowledge of the situation, he had registered himself as sole owner of Alameda.
So basically, Sam has...
unethically taken control of the firm and all of the money invested in it.
And he is like fucking his subordinates.