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Started By
Message
re: Sam Bankman Fried - Guilty
Posted on 11/2/23 at 8:34 pm to rocksteady
Posted on 11/2/23 at 8:34 pm to rocksteady
2
Posted on 11/2/23 at 8:36 pm to SlowFlowPro
Ill lol when he gets a slap on the wrist
Posted on 11/2/23 at 8:39 pm to TrimTab
Posted on 11/2/23 at 8:40 pm to Bullfrog
Posted on 11/2/23 at 8:41 pm to Bullfrog
Meanwhile, Sam Trabucco is no where to be found. Dude ducked out before the FTX implosion and literally sailed off into the sunset on a yacht.
Posted on 11/2/23 at 8:41 pm to Jones
This isn't the conspiracy y'all have tried to make it into.
There is nothing that particularly interesting about this story at its heart. A guy with ambition and questionable morals has perfect timing with an irrational market and doesn't realize he's in a bubble and uses fraud to prop up his failing ego and company.
Same shite happens with every bubble.
It's like that quote from Steve Eisman, "they mistook leverage for genius"
There is nothing that particularly interesting about this story at its heart. A guy with ambition and questionable morals has perfect timing with an irrational market and doesn't realize he's in a bubble and uses fraud to prop up his failing ego and company.
Same shite happens with every bubble.
It's like that quote from Steve Eisman, "they mistook leverage for genius"
Posted on 11/2/23 at 8:46 pm to SlowFlowPro
He was buying off both sides of the aisle. He was manipulating regulations so he could keep his pyramid scheme propped up.
fricked me out of $2k. I hope he gets arse raped in prison and his a-hole bleeds really bad.
fricked me out of $2k. I hope he gets arse raped in prison and his a-hole bleeds really bad.
Posted on 11/2/23 at 8:51 pm to BigPerm30
quote:
He was manipulating regulations
He was about to be the face of crypto regulations and THAT would have made the story more unique.
Posted on 11/2/23 at 8:53 pm to wileyjones
Is this the same little shite that 60 Minutes tried to do a cover piece far not that long ago?
Posted on 11/2/23 at 9:03 pm to SlowFlowPro
quote:
He didn't steal it outright.
Eh, he literally used customer funds to donate to politicians and buy real estate in the Bahamas.
I'd consider that stealing outright.
Posted on 11/2/23 at 9:09 pm to TrimTab
Posted on 11/2/23 at 9:17 pm to SlowFlowPro
quote:
This isn't the conspiracy y'all have tried to make it into.
I dont think its some conspiracy and I dont think I am part of 'yall'.
I will just be very surprised if he gets the book thrown at him.
With the amount of criminal activity involved in crypto over the years with no repercussions whatsoever, him skating by would be par for the course.
The thing I think that would nail him to the wall which I was talking to my buddy the other day about is who he potentially screwed over in the process. You start messing with big players in this space and cause them to lose tens of millions, their connections could far outweigh yours.
Posted on 11/2/23 at 9:20 pm to Jones
He will get at least 30 years.
Posted on 11/2/23 at 9:27 pm to LSUtoOmaha
He deserves it. What I dont understand is how you arent satisfied with having an exchange and your own coin. Its going to make you a fortune playing by the law regardless. He would eventually be a billionaire without having to do what he did.
Posted on 11/2/23 at 10:12 pm to Obtuse1
quote:
How dumb do you have to be to steal $8 billion and not have proper triggers and an escape plan set up.
He's a Democrat, that should answer the question.
Posted on 11/2/23 at 10:22 pm to BigPerm30
quote:
He was buying off both sides of the aisle.
Dude, seriously
Posted on 11/2/23 at 10:27 pm to SlowFlowPro
quote:
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.
You just described every Ponzi scheme.
Posted on 11/2/23 at 10:38 pm to wileyjones
Surprises they actually convicted him
Posted on 11/3/23 at 6:09 am to SlowFlowPro
quote:
He didn't steal it outright
quote:
he was the one with the plan, the motive and the greed to raid FTX customer deposits - billions and billions of dollars - to give himself money, power, influence.
Posted on 11/3/23 at 6:31 am to fallguy_1978
The next Madoff maybe
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