211–220 of 748 posts
The SEC's complaint in its civil case provides more information about the details of the accusations against him: https://www.sec.gov/litigation/complaints/2022/comp-pr2022-2...
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My father is a civil engineer. That doesn't qualify me to build a bridge.
Sure. But you probably know a few basics about bridges. That’s the overarching point - a basic lawyer thing is if you are ever in trouble, don’t talk to anyone: cops, media, etc. so it’s curious why he decided to anyway.
Interesting wording. I am not a Lawyer but have had a lot of interest in this case and others like it. "SAMUEL BANKMAN-FRIED" a/k/a "SBF," the defendant, and others known and unknown did combine, conspire, confederate, and agree together and with each other to commit wire fraud". Does this indicate that they intend to charge more people in the organization under RICO laws? Or is that just standard legalese for any wi…
RICO is for charging the boss if you don't have direct evidence against them. In this case they do, so they don't need it.
Also the phrasing here is just wire fraud (18 USC 1343) and conspiracy (18 ISC 371). If they were going towards RICO, you'd expect to see them talking about "patterns of activity", "operating a criminal enterprise" or other phrasing from RICO statues (18 USC 1962).
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Do we have some examples of people who have amassed great real or perceived fortunes (and power) that have not become drunk on it? Musk on stage with Chapelle last night, Elizabeth Holmes, or SBF’s whole schtick, who are the ones who have kept their feet on the ground? What are the attributes of these others who don’t lose themselves in fawning attention and (sometimes short-lived) mountains of capital?
Warren Buffet? Maybe Bill Gates? Queen Elizabeth II?
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His donations to Democrats accounted for 0.025% of all the money Democrats spent on the midterm election last month. Anyone who genuinely believed that can buy you a get out of jail free card for billions of dollars in fraud should seriously re-evaluate how they think the world works.
He donated almost 1bn - that is known of. The Democrats spent about 5bn in the whole election. Do you have a source for your numbers?
How anyone could look at this man's behavior over the last few weeks and not think he was on a fast track to a federal penitentiary is beyond me. A word to the unwise: If you have done something, anything, that you have a credible reason to believe the United States government thinks is illegal, shut up . Do not do any of the following: * Go on a podcast and talk about it * Go on a Twitter livestream and talk about i…
This whole FTX thing is very suspicious on all kinds of levels internally and externally. So many things about FTX don't make sense as presented.
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His donations to Democrats accounted for 0.025% of all the money Democrats spent on the midterm election last month. Anyone who genuinely believed that can buy you a get out of jail free card for billions of dollars in fraud should seriously re-evaluate how they think the world works.
He donated almost 1bn - that is known of. The Democrats spent about 5bn in the whole election. Do you have a source for your numbers?
Axios wrote that he spent $37 million on the midterms:
https://www.axios.com/2022/11/15/ftz-crypto-bankman-fried-de...
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> How anyone could look at this man's behavior over the last few weeks and not think he was on a fast track to a federal penitentiary is beyond me Seeing how thoroughly he convinced people that he had political influence, and given his general lack of awareness, I’m willing to give merit to his believing he was immune. Similar to how people outside securities think insider trading is more rampant than it is, insider…
>Seeing how thoroughly he convinced people that he had political influence We’ve gotten tot he point where we’ve gone way too far off the deep end when it comes to this narrative around political influence. the collective imagination seems to have risen to comic book level proportions. All people saw was SBF gave a bunch of money and thought, “he must have a ton of influence”. Meanwhile, in my state, he gave $11 mill…
Seriously. If I had a nickel for every time someone had posted on HN "SBF is immune because he donated a lot of money to Democrats" I'd have… well, a lot of nickels.
Madoff donated a lot of money to Democrats too and it didn't help him one bit.
Is there some reason why this kind of stuff is typed up on a typwriter?
Various legal systems have standards for the form for which documents should be submitted to them which are surprisingly nitpicky in terms of items like fonts and spacing. Of course, these standards were created when typewriters were the dominant use case, so had deference to what typewriters could actually do. Even though most of the typewriter use has fallen out of fashion, the standards remain, with the results th…
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Aren't light waves and radio waves the same phenomenon at different wavelengths?
Of course, but the fact that they redundantly spell out "radio" and "television" (as though they aren't the same) makes me think we have a good chance of convincing a jury that "light" is something completely different.