> Mr. Bankman-Fried, whose connections and financial holdings in the Bahamas remain unclear to me, recently stated to a reporter on Twitter: “F** regulators they make everything worse” and suggested the next step for him was to “win a jurisdictional battle vs. Delaware”.
The presence of accurate records and corporate controls makes it much harder to loot the company and its depositors and lenders and get away with it.
The most hilarious aspect of this is the difference between SBF's public image before and after the collapse.
It turns out he was a complete fraud, and a complete failure in trading and business.