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The Real Conversation About Bob Lee and Criminality
Yes, there will be more Silicon Valley deaths...
We’re going to talk honestly and openly about Bob Lee and examine how many of the players deliberately look the other way.
Last night brought news that prolific investor Bob Lee was murdered in a stabbing.
He was killed around 2.35 AM in the Rincon Hill neighborhood, which is about a five minute walk to Chinatown. Not a lot of good stuff goes on at that time of night in downtown San Francisco and Lee really liked drugs. I’ve been around there and it’s not good at night.
Lee was also the Cash App founder and the chief product of MobileCoin.
Cash App has been linked to all kinds of money laundering, which you can peruse in the report that short seller Hindenburg released.
The Washington Post has the story:
“Former employees described how Cash App suppressed internal concerns and ignored user pleas for help as criminal activity and fraud ran rampant on its platform,” the report alleged. It also estimated, based on interviews with former employees, that 40 percent to 70 percent of accounts are “fake, involved in fraud, or were additional accounts tied to a single individual.”
Mobile Coin was backed by Binance, which is under all kinds of investigation by the U.S. and allied governments.
I’ve made some calls. A friend witnessed him doing hard drugs dozens of times.
Let’s be clear: Lee liked drugs. Lee bought drugs. Lee also liked orgies. Lee liked crypto.
Does that remind you of anyone?
In the Wirecard case we saw how many of the executives and regulators got compromised by drugs and prostitutes — and how they looked the other way on enforcement precisely because they were dirty.
These raises another question. Is the same thing happening in American fintech?
Could the Square CTO have been involved in some shady stuff? Of course he was.
And he isn’t alone. There have been all kinds of crypto people who have died under very suspicious circumstances.
There’s a temptation to blame San Francisco for these kind of problems but the problems of San Francisco is how many tech guys wanted to be residents rather than citizens.
In fact the blood is on the hands of investors like Ocko (who is deeply tied into the Chinese too). Don’t take my word for it.
Here’s Ocko again.
My family has been working with the Chinese government at a reasonably high level since the late 1970s, starting with my dad, and I kind of grew up in that environment. And at a relatively young age, as a professional [in the 1990s], I started pro bono helping my dad, who’s a Chinese legal expert, on things like constructing the laws around China’s Nasdaq equivalent, its stock markets, the joint dollar-renminbi investment legislation, advice on technology development and venture capital development.
Actually, Mark, you and the rest of Silicon Valley had the opportunity to invest in law enforcement tech and you didn’t. You invested in fake companies like Curative which got billions and didn’t even work.
That’s why Bob Lee died. Your city banned facial recognition — your firm actually saw Clearview but refused and leaked on it to BuzzFeed — and passed on genomic genealogy — which is pretty much the only way we’d be able to solve this kind of case.
You didn’t want to have the China-mob ties conversation. This is why you lost your friend and this is why you’ll lose others.
The time to help is drawing to a close.
Choose well, Silicon Valley. We’re watching and making lists.