1st Timothy 6:8 And having food and raiment let us be therewith content. 9 But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.
With persons who cultivate the desire to get rich quickly, special battlements, and weapons are often employed so as to cause the most amount of financial damage or carnage for the longest time possible. This is not to say that all investments are bad, some are good, but if the ways and the means do not pass the smell test of the scriptures, then, most likely we are stepping into a trap. And some of the names of these financial “heroes” can raise red flags.
For instance, Bernie Madoff, made off with billions in cash, robbing so many investors of their fortunes and hundreds of retirees watched in dismay as their savings and retirement funds went up in smoke. Sam Bankman, as his name suggests, came on the scene as a knight in shining armor, to apparently rescue other crypto platforms that were not doing so well.
Following the age-old script, celebrities and prominent persons and popular influencers who the multitudes look up to, and adore, were employed in the advertisement or promotion of FTX. And like the game of follow the leader, many folks jumped on the bandwagon, for in their minds, if the stars are onboard, then it must be okay. Prominent personalities were thus enlisted, because their own magnetic pull on persons, would all but guarantee that many more would follow their lead.
Exodus 23:2 Thou shalt not follow a multitude to do evil; neither shalt thou speak in a cause to decline after many to wrest judgment.
May God add His blessing to the study of His word. “Good night” and God bless!