This is a personal hobby horse of mine, but where is the scrutiny regarding the various advisory firms that are now managing the restructuring / bankruptcy process?<p>The Consello Group in particular is interesting. It's led by an ex-Clinton staffer that left their last firm following multiple sexual assaults, and it's got Tom Brady listed as a partner, who has been trying to dump crypto on retail investors for several years now. I suppose it's fine that these characters now get a pay-day from the collapse of Voyager?
<a href="https://www.coppolacomment.com/2022/07/the-sinking-of-voyager.html" rel="nofollow">https://www.coppolacomment.com/2022/07/the-sinking-of-voyage...</a> posted on hn in the past few days is an excellent read about voyager and in particular explains the whole FDIC insured claim, how it was technically true but also quiet useless.
What a surprise! /s<p>But on a more serious note, how will the money stored in the "FDIC-insured" omnibus accounts handled, assuming that the Chapter 11 bankruptcy becomes a Chapter 7 bankruptcy case?
These guys were operating in the US as a fake bank, without getting a bank charter?<p>So, it is ok to take deposits, mislead depositors into thinking said deposits are FDIC insured, and invest deposits into unsecured loans?<p>How is this not jail time? Am I missing something?