It’s presumably a very tiny sigh of relief. (Folks not understanding this joke: I have an insurance policy from a Berkshire Hathaway subsidiary for all the usual business reasons.)
@patio11
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Startup Fraud: When Accounting and Criminal Conspiracy Intersect
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“Do you express an opinion on this?” On a chaotic startup which was also a criminal conspiracy getting the accounting exactly right? I mean, your prior for that should be near zero, right? Best available high percentage view is “Oh, many shenanigans of all sorts, but grew.”
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Government discretion and social control mechanisms implications
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One way to read “I wasn’t charged with X!” is “The government knows to its satisfaction that I did not X.” Another way to view it is “The government perceived option value in being able to imprison or otherwise consequence me essentially at will if I violate current agreement.”
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CZ’s Statement: Legal and Strategic Implications Analyzed
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I think lawyers would, if asked about this statement, say “You need to understand that this could be strategic.” (Taken from CZ’s tweet today.)
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Niche Interest in Financial AI Screening Solutions
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"Who is actually interested in that, Patrick?" I can't be the only person who reads sales copy written in Japanese for financial industry screening solutions as a hobby, right.
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Compliance monitoring products alert departments to legal investigations
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But if for example John Doe, LLC is mentioned in the Topeka Examiner (fictitious example) as being under investigation by the DA, these products purport to bring that to the attention of Compliance departments that might want to limit the actions available to that LLC quickly.
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Adverse News Screening Software for Compliance Risk Management
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Oh there literally exist software products that one can buy in this space. The magic word is "adverse news screening." Now in this particular case it will not be done by cron jobs raising an alert to Compliance but rather by people with serious titles saying "WTF, no, just no."
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Settlement vs State Machine Transitions in AI Systems
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Many people have the background view that a settlement is in part an absolution. I would caution you that in some places, a settlement will activate published transitions on a state machine, where no amount of private knowledge of equivalent facts activated those transitions.
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Compliance Departments Face Criminal Account Review Questions
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A Rosetta stone for a lot of announcements you're going to read over the next week: Many Compliance departments are going to, for basically the first time, ask the question "Do we have an account with a confessed criminal conspiracy? If so, what controls are on that account?"
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Illegal Business Practices in AI Companies Raise Legal Questions
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“Well if they our customers what we are doing would be obviously illegal almost everywhere interesting, so how could they be our customers?”