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Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

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Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#41

Post by pram »

ethanbond wrote: post #37
mikejulietbravo wrote: post #20

Earlier quoted context omitted.

Correct - the "everyone" is mainly NYT and some politicians. There are some questions there as it's a bit sketchy why they're treating him with such kid gloves.

Seems to me people have completely unrealistic expectations of how financial crimes play out. This will take years to unwind. Pretty obvious the "why isn't he in jail yet" screaming is coming from the same place as "why aren't I rich yet," on which this entire empire was built. This stuff takes time. He's very obviously going to prison. For context: Enron, whose operations and collapse caused way more negative impact…

I think he'd be better off in jail, it would at least make him STFU

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#43

Post by eternalban »

rasz wrote: post #34

Because its not $3 million, its not $30 million, its not even $300 million, its so many millions everyone gets a cut.

It really is a stupendously large sum of money. We're all used to hearing these crazy numbers thrown around but to think what you can do with that much money [$1B]. Heck, you could pay a million people a thousand bucks each. To what depths will a random person sink for that much money? And 100,000 people are still a huge army at your disposal for $10k. And 1000 select individuals for a cool million each. (Check out how much soviets used to pay american spies (a: pittance) to get a sense of what can be asked of the willing recipient.)

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#44

Post by ethanbond »

pram wrote: post #41
ethanbond wrote: post #37

Earlier quoted context omitted.

Seems to me people have completely unrealistic expectations of how financial crimes play out. This will take years to unwind. Pretty obvious the "why isn't he in jail yet" screaming is coming from the same place as "why aren't I rich yet," on which this entire empire was built. This stuff takes time. He's very obviously going to prison. For context: Enron, whose operations and collapse caused way more negative impact…

I think he'd be better off in jail, it would at least make him STFU

Which is another good reason for prosecutors not to be pressing him right now! Why not just let him keep running his mouth?

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#45

Post by skinnymuch »

alexfromapex wrote: post #24

Because the US government has been captured by Organized Crime. Look up the documentary Everything is a Rich Man's Trick. Then look into all the connections between the mafia and the presidents of the USA.

What’s the big deal with the film? JFK is a bigger deal because he didn’t survive. Otherwise his assassination is one amongst many. Whether or not there is this conspiracy going on, how much different would things be if the opposite really happened?

I don’t think much would be diff. Very important assassinations like MLK and Malcolm X would still happen. Capitalism being the primary “thing” in all American’s lives would still be a thing. Liberalism would still make the government a tool for private capital/capitalism as it is now.

Whether or not the US government is captured by Organized Crime seems unimportant. The deepest rabbit hole one could find these days in why the world sucks would be investigating capitalism, neoliberalism, and imperialism.

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#46

Post by miguelazo »

It's not at all surprising that the corporate media has failed on this aspect of the story, they're the ones who hyped this guy to the moon, after all. Most of the so-called journalists are just stenographers for the rich and powerful-- just look at their abysmal reporting on Ukraine.

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#47

Post by coldtea »

ethanbond wrote: post #44
pram wrote: post #41

Earlier quoted context omitted.

I think he'd be better off in jail, it would at least make him STFU

Which is another good reason for prosecutors not to be pressing him right now! Why not just let him keep running his mouth?

Doesn't sound like a consideration law enforcement has or should have...

They either have something to get him for or not. And he might have connections or not.

They wont have people that did crime running around just in case they reveal something more...

Re: Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?

#49

Post by mywittyname »

_jal wrote: post #11

There are interesting questions here. I did not know this bit about Paper Bird not being part of the bankruptcy managed by Ray - "The bankruptcy filing states that Paper Bird owned 75% of FTX International.1 However, that does not make it part of the FTX bankruptcy. In fact, Paper Bird filed for its own bankruptcy, the same date at FTX did, with separate counsel: Adam Landis of Landis Roth & Cobb while the lead attor…

Find a way to put everyone involved behind bars for many lifetimes with the possibility of parole should the funds be returned.

I'm astonished by the number of fraud cases we've seen involving staggering amounts of money, and we don't have laws that give judges the option to put people away for life after some threshold of money is stolen, with the possibility of a reduced sentence only if enough money is recovered.

We have RICO for organized crime and I feel like this needs to be expanded to business dealings as well.

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