He will get away clean.
No, he stole from the rich. They'll track him down and make an example of him.
FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
31–40 of 196 posts
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#32Earlier quoted context omitted.
The aircraft was registered in Argentina, so maybe it was just pulled back as sbf can’t pay for it. But yeah, I’d assume he’s on the run.
I always wonder about escape plans when people are doing really dodgy things with large amounts of money. Do you come up with an escape plan when you start doing the thing you know is probably illegal and will definitely get you in serious trouble if it doesn't work? Or do you just convince yourself it's gonna work, because it worked for long enough to convince you that you're too smart to fail? I think I'd get me an…
We don’t know whether he was negligent or malicious. We don’t know also whether he was internationally competent (bahamas) or just imprudent.
Getting away is easy if he walks of the usa. If you keep a low profile in south america, pretty much no one will recognize him.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#33I don't get how the directors, councelors, and compliance people at the company didn't raise their hand. Jail isn't a nice place to go.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#34Earlier quoted context omitted.
He is already setting up for the "it wasnt me" defence, along with the associated "I am a victim too" . Eventually it will be pointed out that they were not actually real banks or brokerages, just crypto ones, and the "its not actually illegal" defence will kick in.
It’ll also help to have real estate in UAE.
Unless Emirati or Saudi princes are among those fleeced, in which case bone saws may be taken out of retirement.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#35Why did Sequoia write this in the first place? Haven't seen VCs do that too often!!
SBF was investing 100's of millions with them. This is them uhm... offering him glowing praise.
But also there was material interest. Even though SBF was investing in Sequoia, he also raised from them, and part of the logic there would be it lends Sequoia's reputation to his venture. So they'd be quite happy if this fawning article triggered some media coverage of their crypto boy genius.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#36Earlier quoted context omitted.
The aircraft was registered in Argentina, so maybe it was just pulled back as sbf can’t pay for it. But yeah, I’d assume he’s on the run.
I always wonder about escape plans when people are doing really dodgy things with large amounts of money. Do you come up with an escape plan when you start doing the thing you know is probably illegal and will definitely get you in serious trouble if it doesn't work? Or do you just convince yourself it's gonna work, because it worked for long enough to convince you that you're too smart to fail? I think I'd get me an…
There's the case of Ashraf Ghani, the Afghan president who fled to the airport in a SUV loaded with dollar bills embezzled from US aid, then realized they didn't all fit in the helicopter and had to leave half behind.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#37For strange reasons, the archive link to that very interesting story was flagged yesterday: https://news.ycombinator.com/item?id=33554271
I think all archive links are auto-flagged, I guess as spam prevention.
to clarify, auto-flagged when submitted as top-level posts, not when submitted as comments.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#38Vc are always the first to take ownership of the success of one of their company but also the first to blame the founder when it goes wrong
I don’t think this comment applies here. They portrayed the founder in a very positive light initially.
Doesn't it exactly apply? They published profiles on their site and associated themselves closely with SBF until this week, when everything unraveled.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#39Earlier quoted context omitted.
Crypto investors should not hold their funds in custodial wallets(i.e centralised exchanges). Sam did a great service to the crypto world. As far as I'm concerned they've got what they deserved. Hopefully Binance'll show them the empty bag as well and finnally the myth of centralised crypto is busted.
Everyone that didn’t hold their Terra or UST in an exchange couldn’t exit fast enough
It doesn't matter whether you keep the IOU from a crook in your own wallet or at your bank, it's still intrinsically worthless. What I don't understand is what kind of sucker would still be willing to take them off your hands.
Re: FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried
#40The internet is forever: https://archive.ph/GQkCp
But Internet Archive is not, so make sure you archive it elsewhere.