FTX/Sam Bankman-Fried megathread

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What the fuck is it with the "financial sector" and stimulants anyway? This isn't just in the USA, by the way - it seems to be a worldwide phenomenon.

(I don't think this has anything to do with whether the drugs are generally popular or not - eg. in South Africa in 1972, when the popular street drugs [not counting weed] were hallucinogens and heroin, 2 brokers perpetrated a massive fraud on their clients and colleagues, then lost their own money and gassed themselves to death. These guys were both very heavy users of phendimetrazine[effects similar to amphetamine, formerly used as appetite suppressant], as were the rest of their firm).

Anyone here with some insight into this phenomenon?
If you bullshit people for a living, you want a stimulant. It's all about confidence. You definitely can't use other drugs, people will sense weakness. Think of it like caffeine, which is also a stimulant. This is rich man's caffeine.
 
He humiliated a bunch of politicians, he's certainly going to made an example.
20 to 40 years is more than enough to make an example of somebody. The odds that this guy in particular actually gets 110 consecutive years is nil in my opinion.
 
Anyone here with some insight into this phenomenon?
Other people have touched on the basics but haven't nailed the exact reasons in my opinion. It isn't difficult to arrive at the "right" answer in finance given enough time. However you do not come out on top by simply being correct, you need to arrive at that answer first. If someone is acting before you they will almost inevitably do better. Markets change very quickly and your window to profit can be incredibly small. There are "high-frequency" traders using algorithms where milliseconds in ping can actually matter. In market terms this is not necessarily "efficient" or good, but it is the reality of how things presently are.

Pairing this with a globalized market only intensified the effect. When New York is ending their day, Asia is just coming online, and when Asia is closing the Europeans are getting started. Even with holidays and weekends, news and operations aren't stopping and things that will effect the markets when they re-open are still happening. There simply isn't a period of time where nothing is happening.

With this constant flux you either need to be on top of it or have someone you implicitly trust covering things anytime you personally cannot. Of course, if someone is competent/reliable enough to meet that expectation, wouldn't you be better off if both of you were on top of things all of the time? If millions are on the line and you don't have PED restrictions like athletes, what idiot wouldn't go for a pharmacological edge? Even if you choose not to indulge in this the competition surely will.
 
I think what will happen is that he will get 20-100 years in prison.
will serve 1 year as people are still angry.
as soon 1 year is up, people have forgotten him.
people will be blindsided by the news that he was smuggled/some agreement with the government to release him from jail and send him to a country with no extradition treaty to US or stuff.

this what happens all the time.
like US soldiers kill some hookers/trannies in the other countries with VFA or countries where US bases are located, they get charged, get sentenced to 20 years in prison, 5 months later the public is blindsided by the news that the soldier was released and gone back to USA.
 
If he gets away with this it will be the rubicon moment of the American republic, its the moment where our elite truly becomes the new patricians.
So I can get khazar milkers and be part of the elite?
How long until he "Commits Suicide" somehow?
The moment he even suggest to the prosecutor that he can spill the beans about the money he gave to the DNC he's gonna shot himself 4 times to the back of the head.
closer to what Elizabeth Holmes is serving which is something like 11 years and she’s in one of the lowest of the low security facilities. A real “Club Fed”.
Did she have the same political connections this sped does?
His expression is priceless. Even though Jury duty sucks ass, I'd kill to have been there to listen to his self-defense.
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Not desperate/shocked enough IMHO, looks more like someone just told him "don't worry that was a number for the plebs, you're getting house arrest, 5 years tops" and he's like "am I getting away with all this?"
I mean, Madoff died in prison.
He was old and they needed someone to take the heat for the 2008 fraudfest, and AFAIK he wasn't the DNC's second biggest donor only behind Soros himself, like bankrupt-fraud here.
a poor minority draws his line one step in front of him
Come on now, that speech is 30 years overdue.
Seriously nigga? She looks like a fucking turtle
The only thing weirder than bankrupt-fraud fucking this chick when he could pay for supermodel-tier escorts is that she didn't use any of those millions to fix her fucking face. She could have gone to s.korea and get the whole package, look like a 10/10.

I recall this company that IPO and all the uggos got the whole package including bolt-ons.

Then again she already had a bunch of literal billionaires thirsting after her so I guess that helped her ego.
 
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If he gets away with this it will be the rubicon moment of the American republic, its the moment where our elite truly becomes the new patricians.

People are still theorizing if Epstein is even dead. And is Maxwell, the daughter of Robert Maxwell, Mossad operative, still in her minimum security prison?
 
able to pull 10 idiots who are blind enough to want to fuck you, you did something right.
Far more than 10, if all the internet thirsting is to be taken into account.

I suppose there's something to be said about how she managed to end up where she did, how they all did, really. It's all very dramatic; a bunch of crazy youth latch onto new technology and create a firestorm of sex, drugs, and whatever goofy music these goobers listen to. If their morals weren't already bullshit, then they most certainly were by the end of it, but I wonder if they truly thought that it would never end?

I would place my money on a movie coming out of this, within the next decade or so, at least. It would be hilarious if they got the parts of Sam and Caroline to be played by two A-list, naturally attractive screen stars, just 2 complete 10/10s, but Hollywood probably lacks the sense of humor to pull that off.

Then again she already had a bunch of literal billionaires thirsting after her so I guess that helped her ego.
Manic Pixie Dream Wood Nymph
 
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Women that were 10’s in 1915, would be 5’s today
1-555-come-on-now...
But I’m sure if Caroline could have only had nice posed, well lighted, B&W still images of herself used in the media people wouldn’t think she was so ugly either.
What she needed is a complete overhaul like ugly korean girls get as a birthday present in their teens, sorry but no amount of photography tricks besides photoshopping the hell out of her pics could compensate for that mug. Bankrupt-fried could get a couple extra points if he would lose weight, dress properly and get a non-sperg haircut, wouldn't look great but at least he would be decent. But the weasel is the weasel, she could maybe get a better haircut and stylish glasses but that wont change her face or her inexistent chin, don't know if it qualifies as micrognathia but it gets close.
 
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Bankboy you is a real effective altruist?
Screenshot from 2023-11-05 02-51-10.png
 
I think what will happen is that he will get 20-100 years in prison.
will serve 1 year as people are still angry.
as soon 1 year is up, people have forgotten him.
people will be blindsided by the news that he was smuggled/some agreement with the government to release him from jail and send him to a country with no extradition treaty to US or stuff.

this what happens all the time.
like US soldiers kill some hookers/trannies in the other countries with VFA or countries where US bases are located, they get charged, get sentenced to 20 years in prison, 5 months later the public is blindsided by the news that the soldier was released and gone back to USA.
Anything can happen, since we are unironically told by the Yahvist State that EpStein broke his neck from a 2 foot fall and that all the prison cameras being simultaneously deactivated for this event isn't suspect... Wonder what will happen to the Ju in the Judicial system?
 
You guys are delusional. She looks like a fucking A. Wyatt Mann drawing, no amount of styling is going to make her attractive in the slightest.
Seems like the more rational line of criticism is that she’s embezzled billions but ok, go on about how homely she is.
Catholicism might be a part of it, but not wearing makeup is also pretty normal for women in academia, especially in male-dominated fields like econ.
I rarely wear makeup cause it doesn’t seem necessary. It’s like medication; it can make things a bit better if there’s a deficit but if there is no deficit, you’re just paying into Big Makeup to paint yourself like a clown.
A common misconception. Judaism is primarily an ethno-religion, with some outliers of course.
But being jewish has less to do with religion than with your family tree. The vast majority of jews are atheists. Ever notice how it's oddly the only religion you can genetically test for?
There's no way that skeevy little bitch isn't a crypto.
I get the sense you guys are focused on all the most extraneous and stupid details here at the expense of the actual crime.
Hope he gets the Madoff treatment,
… to die from chronic disease in Butner, NC? He would need a very long sentence to achieve that. Madoff was old when he went in.
You can tell there's something sociopathic trundling on up there, like he wouldn't hesitate to steal people's kidneys and sell them and he'd have an excuse lined up about how it's actually enabling African orphans to get iPads.
Ok see this is the more fruitful thing to criticize: the hubris, the fakery, SBF’s belief that his long Jewfro got him bigger bonuses and encouraged people to trust him with their money, and how all these players ratted on each other and tried to throw one another under the bus when the music stopped.

My prediction: SBF gets 40 years, with minimum time served of ~30 years. It was a nonviolent offense but there are so many other aggravating factors.
 
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