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Started By
Message
re: Sam Bankman Fried - Guilty
Posted on 11/3/23 at 6:38 am to wileyjones
Posted on 11/3/23 at 6:38 am to wileyjones
quote:
stole $8bln in customer funds
The democrats loved him.
1
Posted on 11/3/23 at 6:38 am to Jones
quote:
Because he has connections out the arse. I doubt he serves any time behind bars
Elizabeth Holmes says hi
Posted on 11/3/23 at 6:44 am to Jones
quote:
doubt he serves any time behind bars
I'll take that bet.
He's looking at 10 years minimum. And my guess is more like 18 to 24 years. It won't be a life sentence.
Oh. And he's already in jail. He's been "behind bars" for 6 months or so.
Posted on 11/3/23 at 6:44 am to dgnx6
If I had that much money I would never be found…
Posted on 11/3/23 at 6:46 am to SlowFlowPro
quote:
There is nothing that particularly interesting about this story at its heart.
I find it interesting that liberals paraded this guy around as some sort of messiah of billionaires without having ever vetted him. I guess that’s how we ended up with Biden.
Posted on 11/3/23 at 6:46 am to Jones
quote:
I doubt he serves any time behind bars
They will make an example of him and use him as the reason for heavy regulation and government control over crypto.
Posted on 11/3/23 at 6:59 am to tigerpimpbot
He won’t last long in jail unless it’s one of those cozy joints.
Posted on 11/3/23 at 7:12 am to dgnx6
quote:
I find it interesting that liberals paraded this guy around as some sort of messiah of billionaires without having ever vetted him
Why?
This literally happens every time some apparent guru emerges as a genius during a bubble. We're talking back to the tulip saga.
Bubbles form due to irrationality (and easy/cheap credit). That irrationality makes celebrities out of guys like SBF. He's not the only one, either.
Posted on 11/3/23 at 7:55 am to Jones
quote:
doubt he serves any time behind bars
The politicians he donated to don’t want a campaign finance trial. They want him to get a massive sentence so that the DOJ can move on without anyone making a fuss.
Posted on 11/3/23 at 7:57 am to SlowFlowPro
quote:You sure?
He didn't steal it outright
Posted on 11/3/23 at 8:05 am to mule74
quote:
The politicians he donated to don’t want a campaign finance trial. They want him to get a massive sentence so that the DOJ can move on without anyone making a fuss.
You guys are insane and just pull shite out of your arse.
For one he will be in prison a very long time, he was just found guilty on wire fraud, securities fraud, and money laundering which by itself carries a maximum sentence of 115 years.
That does not include his bribery charges also...
quote:
In addition to the criminal counts in this trial, Bankman-Fried faces another set of charges related to allegedly illegal campaign contributions. Those campaign finance charges are currently the subject of a complicated dispute related to the extradition treaty between the US and the Bahamas, where FTX and Alameda were based and where Bankman-Fried was arrested. A second trial, on those charges, is scheduled for March 2024.
He has another 4/5 charges against him that will be determined in a trial in March. Only after that trial will his sentencing occur.
Considering his bail is already revoked, and the recommending sentencing is going to be 30 years before any additional charges brought forth in March.
He is going to prison for a long long time.
Posted on 11/3/23 at 8:05 am to ReauxlTide222
I imagine with all of the litigation going on we'd know by now. The bankruptcy in particular has been going on for a long time and I don't believe any of that came out.
Posted on 11/3/23 at 8:16 am to UltimaParadox
quote:
He is going to prison for a long long time.
That’s exactly what I said. Read.
quote:
He has another 4/5 charges against him that will be determined in a trial in March. Only after that trial will his sentencing occur.
The DOJ has not yet decided if they are going to pursue those charges. The judge asked them to confirm yesterday. They may let them go since he has already been convicted and is likely to get a long sentence.
This post was edited on 11/3/23 at 8:19 am
Posted on 11/3/23 at 8:29 am to mule74
quote:
The DOJ has not yet decided if they are going to pursue those charges
The DOJ is clearly pursuing the charges, thus the trial date set in March already.
The only reason he was not tried on them with the others is because if they tacked on these charges that were found during the bankruptcy discovery it would have changed the extradition treaty with the Bahamas.
They pushed the trial to March to get the agreement with the Bahamas government. It has nothing to do with the DOJ waiting to make a decision.
ACtually they went straight with the bribery charges.
quote:
A separate trial planned for March 2024 would cover the other five counts, which are fraud on customers of FTX in connection with the purchase and sales of derivatives, securities fraud on investors in FTX, conspiracy to commit bank fraud, conspiracy to operate an unlicensed money-transmitting business, and conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
So one more trial to go with 5 more counts.
This post was edited on 11/3/23 at 8:35 am
Posted on 11/3/23 at 8:37 am to UltimaParadox
quote:
Kaplan then asked about the second trial Bankman-Fried is facing on March 11. The government has until Feb. 1 to let the court know if it plans to still proceed. The sentencing date is March 28 at 9:30 a.m. ET.
LINK
Posted on 11/3/23 at 8:39 am to UltimaParadox
quote:
conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
Sure, they’ll go after him for foreign bribes, but they won’t go after his domestic political contributions. They don’t want to open that box.
Posted on 11/3/23 at 8:43 am to mule74
Technically you are correct, they can choose not to proceed to trial like any other trial.
However, your statement that the "DOJ wont pursue these charges because they they want them to quietly go away" has nothing to do with this statement.
They are not going to turn down a slam dunk high profile case.
However, your statement that the "DOJ wont pursue these charges because they they want them to quietly go away" has nothing to do with this statement.
They are not going to turn down a slam dunk high profile case.
Posted on 11/3/23 at 8:51 am to mule74
quote:
but they won’t go after his domestic political contributions
What charge, specifically, do you think they should bring?
Any of those donations that weren't given back will be clawed back in the (very public) bankruptcy case.
Posted on 11/3/23 at 8:52 am to wileyjones
Should be guilty for dating that awful looking nerd girl as well.
Posted on 11/3/23 at 8:59 am to CrappyPants
Lesson here? Make sure you are elected in DC before you defraud the people and make donations.
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