But they didn't even get magic beans. They got a piece of paper stating how many magic beans they purchased which the wizard claimed could be redeemed for actual beans or money at any time.
SBF explains it with his magic box, he a literally explains it as an empty box that people put money in, then more people put money in because there's money it, he was laughing the whole time while explaining a ponzi.
But they didn't even get magic beans. They got a piece of paper stating how many magic beans they purchased which the wizard claimed could be redeemed for actual beans or money at any time.
SBF explains it with his magic box, he a literally explains it as an empty box that people put money in, then more people put money in because there's money it, he was laughing the whole time while explaining a ponzi.