The United States of America vs. Samuel Bankman-Fried Indictment [pdf]

Post by stevenwoo » Tue, Dec 13, 2022, 6:51 PM UTC

jpmattia wrote: post #16

> "did transmit and cause to be transmitted by wire, radio, and television communication" Note to self: Remember to use only free-space lightwave communications to avoid committing wire fraud. Edit: Removed "fiber" because it looks too much like a wire and avoid being busted by outside1234!

Post by chollida1 » Tue, Dec 13, 2022, 7:02 PM UTC

pseingatl wrote: post #127

Can we discus recovery? The Madoff trustee was able to recover something like 90% of the Madoff Ponzi. Alameda and FTX's real estate purchases have value, as do their VC investments, purchases of bank stock, etc. In other words, it's not all gone. My understanding is that even some of the political contributions can be clawed back. FTX's purchases of IOU's (i.e., crypto) that declined in value are not likely to be re…

Post by ReptileMan » Tue, Dec 13, 2022, 7:05 PM UTC

rootusrootus wrote: post #89

2devnull wrote: post #83

Earlier quoted context omitted.

I think this is a bit far fetched. He was the scion of famous law professors. He grew up around the law. To think he didn’t understand what the general public does about the law takes a special kind of … assumption that directly contradicts the obvious facts. He very likely knows more about the law than anyone on here. How could he not?

> He very likely knows more about the law than anyone on here. How could he not? There are actual lawyers on HN. I don't think proximity to lawyers makes one as knowledgeable as an actual one.

Post by astrange » Tue, Dec 13, 2022, 7:10 PM UTC

PraetorianGourd wrote: post #162

bredren wrote: post #135

Earlier quoted context omitted.

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?

While not popular here, I would say Bezos has done a relatively good job of keeping his head amongst madness.

Post by TheOtherHobbes » Tue, Dec 13, 2022, 7:13 PM UTC

belter wrote: post #116

engineer_22 wrote: post #81

Earlier quoted context omitted.

SBF's mother and father are both Standford law professors - so he knows all this. He has another angle. Maybe he was trying to taint the jury pool. He was up to something, but what?

Parents also not out of the woods. "The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business." - https://www.nytimes.com/2022/12/12/technology/sbf-parents-ft...