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re: Sam Bankman Fried - Guilty

Posted on 11/2/23 at 7:23 pm to
Posted by BottomlandBrew
Member since Aug 2010
27115 posts
Posted on 11/2/23 at 7:23 pm to
He's a prime example of what happens when you don't spank your kids. frick that guy.
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
142187 posts
Posted on 11/2/23 at 7:24 pm to
Sam Bankman











Fried
Posted by baldona
Florida
Member since Feb 2016
20493 posts
Posted on 11/2/23 at 7:25 pm to
Why go that far? I guess maybe you don’t know until you have been there but call me crazy if I hit something like $100 mil id cash out, put it in Swiss banks, and disappear
Posted by rocksteady
Member since Sep 2013
1280 posts
Posted on 11/2/23 at 7:28 pm to
I’m slightly aroused

Posted by BuckyCheese
Member since Jan 2015
49482 posts
Posted on 11/2/23 at 7:33 pm to
The court artist didn't do her any favors;

Posted by SWLA92
SWLA
Member since Feb 2015
1921 posts
Posted on 11/2/23 at 7:35 pm to
That’s a face not even a mother would love
Posted by Junky
Louisiana
Member since Oct 2005
8385 posts
Posted on 11/2/23 at 7:53 pm to
quote:

Fortune Title: ...or crash and burn


They nailed it.
Posted by Ziippy
Member since Aug 2023
1031 posts
Posted on 11/2/23 at 7:55 pm to
Good.
Posted by Sidicous
Middle of Nowhere
Member since Aug 2015
17203 posts
Posted on 11/2/23 at 8:06 pm to
quote:

stole $8bln in customer funds

And most of that was spent on donations to a specific single party for political campaigning.

The fall guy is fallen. The politicians are now clear as justice has been done and Americans are now safe from this terrible menace. Everyone except the people dying in wars can sleep well now.
Posted by danilo
Member since Nov 2008
20190 posts
Posted on 11/2/23 at 8:09 pm to
Hope his parents go to prison too
Posted by Jones
Member since Oct 2005
90567 posts
Posted on 11/2/23 at 8:11 pm to
quote:

How dumb do you have to be to steal $8 billion and not have proper triggers and an escape plan set up.



Because he has connections out the arse.

I doubt he serves any time behind bars
Posted by LSU Tiger Eyes
Key Biscayne, FL
Member since Sep 2003
2552 posts
Posted on 11/2/23 at 8:12 pm to
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
64284 posts
Posted on 11/2/23 at 8:16 pm to
But he was just a misunderstood eccentric young scamp.
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124386 posts
Posted on 11/2/23 at 8:19 pm to
If you have all this money and are defrauding people, how on earth do you not cash out a sizable sum, secret yourself away to some Non-extradition country, and disappear?

Just live a life of relative luxury in some hidden place.

Maybe pay to get fiber out there
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25727 posts
Posted on 11/2/23 at 8:20 pm to
quote:

Because he has connections out the arse.

I doubt he serves any time behind bars


His connections weren't good enough to keep his bail from being revoked.
Posted by cgrand
HAMMOND
Member since Oct 2009
38851 posts
Posted on 11/2/23 at 8:21 pm to
quote:

I doubt he serves any time behind bars
LOL
he’s already in jail
Posted by TDTOM
Member since Jan 2021
14622 posts
Posted on 11/2/23 at 8:26 pm to
quote:

I doubt he serves any time behind bars


That dude will not see another free day in his life.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422891 posts
Posted on 11/2/23 at 8:28 pm to
quote:

How dumb do you have to be to steal $8 billion and not have proper triggers and an escape plan set up.


He didn't steal it outright. He used it to create a Ponzi scheme with another company because he thought that in time the company he was subsidizing was going to become profitable again and no one would know the difference, or, his trading company will be the face of regulation and would print enough money to cover their tracks over the long term. If the ruse had gone on for a few more months it may have worked.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422891 posts
Posted on 11/2/23 at 8:29 pm to
quote:

I doubt he serves any time behind bars


LOL
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
20430 posts
Posted on 11/2/23 at 8:31 pm to
That’s an actual photo? Not distorted in away way?

Yikes.

This post was edited on 11/2/23 at 8:39 pm
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