In the autopsy, the biggest red flag will probably be the lack of appropriate internal controls. One should not be able to move that kind of money without vetting by staff with appropriate background and independence, but no ownership interest. Based on the reported en masse resignation of the bulk of legal and compliance staff, it seems that it was technically possible to transfer billions in customer assets to the CEO’s company without legal/compliance involvement.
In the autopsy, the biggest red flag will probably be the lack of appropriate internal controls. One should not be able to move that kind of money without vetting by staff with appropriate background and independence, but no ownership interest. Based on the reported en masse resignation of the bulk of legal and compliance staff, it seems that it was technically possible to transfer billions in customer assets to the CEO’s company without legal/compliance involvement.