FTX/Sam Bankman-Fried megathread

[Eydallur]

Fair enough, I'll wait and see what happens with the next trial then.

Sentencing also won't be until next year.

 

[Philier]

He's going to get house arrest in his "totally not his parent's" mansion, and live a life of luxury that noone in this forum can even imagine. Meanwhile the press while shout about how "justice has been done" and nothing will change.

 

[Falcos_Commisar]

Tiffany Fong (person who interviewed SBF about his crimes, featured on Coffeezila's video) gives her response to the sentencing (L/A)
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Calling it now, Tiffany has a massive case for white fever for SBF

 

[MadStan]

I’m holding off my CrabDance until sentencing.

Maybe I’m just doomer pilled but I have a bad feeling that he will get 6 months of house arrest in his mansion and 5 months will be time served.

You are so dreaming. I’ll bet my kiwifarms account minimum 10 years. If you think he’s going away that cheap then make a bet on it. I’ll take a genuine wager from anyone but the deal is you lose your KF account to the loser after it’s been reprinted with a final
Post and avatar of the winners discretion.

Talk is cheap. Make the bet

 

[The Feline Solution]

Seems like the more rational line of criticism is that she’s embezzled billions but ok, go on about how homely she is.

Thank you, i shall do that.

 

[Netizennameless]

He's going to get house arrest in his "totally not his parent's" mansion, and live a life of luxury that noone in this forum can even imagine. Meanwhile the press while shout about how "justice has been done" and nothing will change.

He stole mind-boggling amounts of money and dragged the Democrat money laundering machine into the public limelight. He tried to escape the US' jurisdiction. He has shown absolutely no remorse and made a mockery of the justice system. His bail was revoked for witness tampering. He is also nobody special. He wasn't really connected, just trying to buy his way in. New money as they call it.

The court is 100% going to make an example of him. You don't cause the system problems like this and still get to be in the inner circle. He is more likely to go out like Epstein than he is to get to club fed.

 

[MadStan]

All crypto exchanges are laundering for all people regardless of political ideology. They were laundering Democrat and Republican
Money and gang money. All
Money.

They aren’t that picky.

 

[Stan]

All crypto exchanges are laundering for all people regardless of political ideology. They were laundering Democrat and Republican
Money and gang money. All
Money.

They aren’t that picky.

Nah, crypto is also attractive to:
> Arms dealers
> drug dealers
> terrorists / freedom fighters (depends on your perspective which is which)
> the unbanked
> those who are excluded from traditional financial systems because of political discrimination
> people frozen out of SWIFT
> maniac nerds
> investors who want to borrow on leverage with like 2% collateral
> people who want to borrow but their credit score sucks and banks won’t loan to them
> me, for reasons I cannot explain
> retail investors with high tolerance for risk

 

[Stan]

Did you know that Hamas is being funded by UAE and Iran with crypto? Well now you do. This intifada has been brought to you by Monero.

 

[Unsane]

Caroline Ellison's single again and sure she could do with some company.

 

[Eydallur]

Tiffany Fong (person who interviewed SBF about his crimes, featured on Coffeezila's video) gives her response to the sentencing

A stereotypically feminine and very tiresome reaction when confronted with evil is the inability or unwillingness to respond using effective means, instead only waffling about proportionality and using weak appeals to emotion.
Allowing policy to be steered by such foolishness degrades societies.

 

[Falcos_Commisar]

There's no fucking way that someone like this serves 110 years in prison, odds are he gets 20 years, maybe if he's dumb and pisses off the judge he gets 40.

I think 20-25 years with everything being served concurrently.

Then if he's lucky he'll get it bunked down to ~17.5 to 18 years for time served and food behavior.

That's as good as it'll get

So even with a sweetheart deal SBF is in prison until the early 2040s at best.

A stereotypically feminine and very tiresome reaction when confronted with evil is the inability or unwillingness to respond using effective means, instead only waffling about proportionality and using weak appeals to emotion.
Allowing policy to be steered by such foolishness degrades societies.

Yep. Most women, especially young and liberal women, seem to be incapable of punishing people

 

[cybertoaster]

Tiffany Fong (person who interviewed SBF about his crimes, featured on Coffeezila's video) gives her response to the sentencing (L/A)
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Agree that more effort should be put in getting all the money back, bleed them dry, bleed their immediate family dry since most of these scammers use their relatives to hold money for them in the form of "gifts", like the cryptoscammer who gifted all his money to his underage kid.

But bankrupt-fraud should still get jailed for life, funny how fong here says she was suicidal because I bet there were hundreds of suicides over FTX alone. Every time a crypto scam goes down all crypto forums and subs have to put suicide hotline numbers because some people lost everything on this and are actually considering to rope themselves.

In my opinion mass financial scammers like bankboy here should be considered the equivalent to serial killers, and if enough suicides are connected to their actions they should even get capital punishment. Everyone who helped them should be considered an accomplice not unlike those who help hide the bodies.

He wasn't really connected, just trying to buy his way i

That's how you make connections in the high spheres, that or marriage.

He is more likely to go out like Epstein

That guy didn't "go out", he got hillary'd because he was about to talk.

> me, for reasons I cannot explain

Nuh-uh, spill the beans.

 

[ForTheHoard]

This intifada has been brought to you by Monero.

At least the days of the CIA selling crack are over.

Spoiler

 

[The handsome tard]

Look at that court sketch:

They really went for that "crackhead" look, huh?

 

[fax machine]

Yep. Most women, especially young and liberal women, seem to be incapable of punishing people

Nah, plenty of women are capable of punishing people. Is Me Too not a call to punish people? The prison abolitionist streak in leftist politics has tried to erode that will to punish, but at the end of the day, if it's a crime they really care about, very few people — men or women — will give a fuck about the ineffectual cruelties of the American criminal justice system. Death to rapists etc.

Tiffany Fong doesn't care so much about this crime because SBF gave her major journalistic access post FTX implosion, and in this time she grew fond of him:

Fong says she feels conflicted about her role — not because of the ethics surrounding the leaking of documents — but because she’s developed a bond with Bankman-Fried. “I feel like we became friends. So it does feel a little bit internally conflicting for me, but I’m trying to just be as unbiased as possible. But some of his responses also just sound overly candid to where I’m like, ‘Why are you even telling me this?’”

For the past few weeks, she’s been in the courthouse documenting the trial for a new series on her YouTube channel. At one point, during an intermission, Bankman-Fried stood up from his seat, stretching, and flashed Fong a smirk and a wave. She squealed with glee. Fong still hopes she can get on the parents’ good side and visit Bankman-Fried in prison after the trial, if he is found guilty.

(archive)

Calling it now, Tiffany has a massive case for white fever for SBF

Basically, yeah.

Bankman-Fried told Fong that other one-off journalists would visit him, but Fong never crossed paths with them. “Michael Lewis, he said, would visit every few weeks,” Fong says. “[Lewis] would even join the family for dinner. His parents never invited me.” Occasionally, his parents, the Stanford law professors Joe Bankman and Barbara Fried, would accidentally walk in on the pair while they were together in the study. “I tried to introduce myself to the dad once, like, ‘Hey, I’m Tiffany,’ and he kind of just shut the door,” Fong says. Bankman-Fried told her his parents probably just assumed they were dating.

When I ask if she had indeed been romantic with Bankman-Fried, Fong is coy: “I’m just gonna let people’s imagination run wild.”

 

[Netizennameless]

That's how you make connections in the high spheres, that or marriage.

And if you aren't already connected beforehand, you get thrown away when you fuck up. There is no one more powerful to piss off by them doing so.

That guy didn't "go out", he got hillary'd because he was about to talk.

He absolutely did "go out." That includes being murdered, it literally means to die. And do you honestly think SBF is going to rot in prison silently for even three years and never flip? Either he is a liability while alive, or he has nothing to bargain with. Either way he is trash now.

 

[Fluoxetine Man]

a white Catholic girl

Huh?!

 

[he who has thus come/gone]

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.

A practicing Minnesota criminal defense lawyer with a big youtube channel, Bruce Rivers, did a video on the SBF sentencing. He gave a pretty good argument that SBF would be looking at Madoff levels of sentencing. Of course, we don't have access to the presentence report which will be the basis for the judge's sentencing using the US Sentencing Guidelines, but just from what we know there are tons of aggravating factors that push up the sentence.

And just because it was "nonviolent" doesn't mean anything. You think if a criminal "non-violently" steals the life savings of a hundred people that he'll be treated better by the courts than a criminal who "violently" sticks up a passerby and steals their wallet? The nonviolent criminal did far more damage than the violent one, which is something the Sentencing Guidelines (and normal people with consciences, like most judges) take into account. Plus there are softer factors, like deterrence, to take into account. The US Attorney will argue in part that a heavy sentence is needed to deter other crypto scumbags from doing the same thing. And I don't know what exactly is propelling the US Attorneys to prosecute SBF so harshly--there was competition between multiple offices to be the one to prosecute him, and of course SDNY won out--but they're really gungho on locking him up. I think if SBF ever gets out (by serving his sentence) he'll be an old man.

But I could be wrong. It all really depends on what's in that PSR. There could be some really nasty stuff in there.

 

[MirnaMinkoff]

Tiffany Fong (person who interviewed SBF about his crimes, featured on Coffeezila's video) gives her response to the sentencing (L/A)
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No surprise the Pajeet views stealing property/money as vastly worse than murder. These are the areas of the world that murders can just pay a lump some of money to the victims family to avoid punishment. Or murder a wife because her parents were short on dowry payments.

There is now a distinct chance the FTX depositors might eventually be made whole thanks to half a billion Sam put into an AI firm in 2021 that two mega tech corps, I think Amazon and Microsoft, just bet big on. It rocketed the valuation of the stock FTX owns to the extent it might cover a large part of the hole.

Sam sitting in jail for the rest of his life is a waste of tax dollars. He needs to do jail time, and I think he will do twenty, possible more. I think making a man spend his entire 30’s and 40’s in jail only to put him out on the street in his 50’s is pretty stiff punishment. Madoff got to live the high life for decades and just spent the last decade as an old man in jail, big deal. OTOH what happened to his sons is Greek tragedy level shit, if he gave a damn about his flesh and blood.

Sam’s mother has some complex essays on the problems with fault and blame in the criminal Justice sentence. The arguments were a lot more interesting and complex than the hit pieces about her portrayed them.

Spoiler

Part of the argument, in very simple terms, was how our judgement about blame and punishment becomes far more nuanced with with added information. Like a man murdered someone in cold blood, but when you learn he was severely sexually and physically abused his entire childhood in the foster care system and the man he killed was a paroled pedo giving teens pills in exchange for blowjobs…suddenly the blame calculus changes. Now people start placing blame on the system, that paid abusive foster parents and didn’t supervise a pedo on parole, instead of the murderer.

But his mother was making arguments for the extreme circumstances and disadvantages many criminals face as a relevant issue when assigning blame and doling out punishment. I’d wonder how the arguments apply if the criminal got the opposite. A criminal with immense benefits of a stable home, being raised among the nation’s elites and receiving a top tier education.

This is relevant because I do think they are going to make an example of Sam, esp if he’s still insisting he’s not a criminal in March. I wonder what his mother’s legal strategy would be for his sentencing and what Sam should say to the judge. I get the feeling Sam has totally ignored most of the advice of his parent lawyers, and paid defense lawyers. Maybe now that he’s facing 110 years he might start listening to others.

His parents seemed to buy his “good boy, honest mistake” BS but that had to have been shattered during the trial, if not well before. Sam was supposedly working hard on his defense for months. There really was no defense of such obvious theft but the lawyers obviously did what Sam wanted. They tried to sell the BS Sam had been peddling to the media for months but the defense only partially works when you have a sympathetic, ill informed journalist like Michael Lewis polishing the knob. It’s a hilarious farce when held up to simple logic, a damning paper trail and eye witness testimony.

People are just disgusted with these greedy, sleazy crypto grifters. The crypto bubble was like a siren song to every low life, con artist on earth. The public wants the enjoyment of seeing these hucksters punished after being subjected to photos of them with leased lambos and taunting people for being poor on Twitter. I’m pretty sure you could get support for passing a law that sentences every owner of a bored ape NFT to two years of hard labor, and the sentence be lived streamed for entertainment purposes. Esp the already rich Bored Ape celebrity pimps.