Wherever there is money, there will be fraud. That’s why we have financial regulations, and why professional charities have accountants and auditors.
This could be a fatal blow for any charity that had become dependent on SBF’s funds… which is exactly why GiveWell already has a rule that limits any single donor from giving more than (I think) 50% of funding for any one cause.
Rationally, the only way in which the EA community should change is in taking a deeper look at whether the key EA figures that have taken SBF’s money could have been his “partners” infraud.
Even if this possibility is small, a professional investigation should happen because there is a non-trivial risk that this had happened
FWIW I don’t know why you’re being disagreement voted, I broadly agree. I think the money amounts at play here are enough to warrant an investigation even with a low possibility of uncovering something significant.
Partly from those who believe that SBF acted out of fanaticism for EA (“Scam To Give”) and think that researching that should be our priority.
Partly from those who feel offended by me suggesting to research whether key EA figures could have been SBF’s “partners” in fraud… which I highly doubt.
I disagree:
Wherever there is money, there will be fraud. That’s why we have financial regulations, and why professional charities have accountants and auditors.
This could be a fatal blow for any charity that had become dependent on SBF’s funds… which is exactly why GiveWell already has a rule that limits any single donor from giving more than (I think) 50% of funding for any one cause.
Rationally, the only way in which the EA community should change is in taking a deeper look at whether the key EA figures that have taken SBF’s money could have been his “partners” infraud.
Even if this possibility is small, a professional investigation should happen because there is a non-trivial risk that this had happened
FWIW I don’t know why you’re being disagreement voted, I broadly agree. I think the money amounts at play here are enough to warrant an investigation even with a low possibility of uncovering something significant.
Thank you.
I’m certain that the disagreement votes comes:
Partly from those who believe that SBF acted out of fanaticism for EA (“Scam To Give”) and think that researching that should be our priority.
Partly from those who feel offended by me suggesting to research whether key EA figures could have been SBF’s “partners” in fraud… which I highly doubt.