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SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

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Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#211

Post by dragonwriter »

121110987654321 wrote: post #188
dragonwriter wrote: post #155

Earlier quoted context omitted.

He is the donor. And, no, recipients of legal donations don’t have to give them back because they came from a bad person. (The illegal donations he seems to have admitted to might have to be given up, but that’s a separate legal issue.)

"The illegal donations he seems to have admitted to..." Source?

Here’s discussion of the complaint based on his admission:

https://www.cnbc.com/2022/12/08/ftx-ceo-sam-bankman-fried-hi...

Count eight of the indictment also seems related, but its not a “speaking” indictment, so its not super clear.

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#212

Post by blamazon »

blululu wrote: post #74
SilverBirch wrote: post #65

Earlier quoted context omitted.

Just for reference what Musk did is just blocked half the mobile carriers in emerging markets, kneecapping their ability to grow Twitter in those countries whilst only temporarily tamping down on bots. The bots will be back, the users won't.

Honest question: are low income users viable for an ad supported platform? As it is I think only North American online ads actually make decent money, though perhaps European and Asian ad markets also deliver value close to break even. It is all an investment in the future. The last 15 years have had a belief that more users means more money but this might be thinking that all users are the same when some are much mo…

"Mitchell and Webb - Kill The Poor":

https://youtu.be/owI7DOeO_yg

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#213

Post by lilsoso »

cs702 wrote: post #82

The most interest aspect in the FTX saga, for me, is that SBF was treated very gently by major news outlets (and maybe by government regulators too)... until regular individuals in social media started asking: Why is SBF being treated so kindly? Why would journalists (and regulators) assume that SBF meant well? A possible answer that no one ever mentions is that SBF possesses many qualities that are valued and admire…

There are more curious details surrounding his parents. And you've neglected to point out the SEC connections.

Also, how many lawyers has Sam had now? Who are they? Who have they previously represented?

There's more to the story.

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#214

Post by itronitron »

hammock wrote: post #169
rhaway84773 wrote: post #84

Earlier quoted context omitted.

SBF didn’t believe in his effective altruism slogan. He basically admitted in the texts to the reporter he thought would be private that the EA stuff was BS. Also, I’m not sure what you mean by “treated kindly”. If you’re talking about why he wasn’t arrested yet, it’s obvious because the SEC was building its case, and more so because he was voluntarily going on public forums and publicly admitting increasing levels o…

>He basically admitted in the texts to the reporter he thought would be private that the EA stuff was BS. interested, source?

they may be referring to this article...

https://www.vox.com/future-perfect/23462333/sam-bankman-frie...

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#215

Post by skybrian »

sifar wrote: post #178
bnralt wrote: post #107

Earlier quoted context omitted.

> The most interest aspect in the FTX saga, for me, is that SBF was treated very gently by major news outlets (and maybe by government regulators too)... until regular individuals in social media started asking: Why is SBF being treated so kindly? Why would journalists (and regulators) assume that SBF meant well? I went through a few examples people brought up of journalists supposedly treating Bankman-Fried kindly t…

>> When I read what journalists were actually saying, they were quite negative about Bankman-Fried I think the issue was there was no pressing follow up to his evasive replies. e.g Sorkin's interview. He was basically allowed to get away with "I didn't knowingly do it."

Sometimes they don't follow up because the statement is obviously evasive nonsense and readers will see it. Just letting them say damning things on the record is a win.

And if you don't confront them, maybe they'll say even more? It's like the military quote: "never interrupt your enemy when he's making a mistake."

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#216

Post by [deleted] »

cs702 wrote: post #82

The most interest aspect in the FTX saga, for me, is that SBF was treated very gently by major news outlets (and maybe by government regulators too)... until regular individuals in social media started asking: Why is SBF being treated so kindly? Why would journalists (and regulators) assume that SBF meant well? A possible answer that no one ever mentions is that SBF possesses many qualities that are valued and admire…

[deleted]

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#217

Post by Aaronstotle »

thepasswordis wrote: post #57
matwood wrote: post #8

I'll just quote part of what I said a month ago :) > And given what's leaked from their balance sheet, I don't see how people avoid jail time. https://news.ycombinator.com/item?id=33608691 I'll also add that SBF going on tour was the stupidest thing he could have done. Every time he spoke, he was giving the government more evidence. Hubris has often been the downfall of the rich and powerful throughout history. What'…

>like Musk and SBF I‘m sorry, but what ? Just to give some perspective that I don’t think HN really gets: most of my friends have increased their twitter usage. If you aren’t aware, whatever the team did there a few days ago really has appeared to cut bots down to almost 0. SBF is an [alleged] criminal who has [allegedly] defrauded people of billions of dollars, and will likely be spending a substantial amount of tim…

Everyday I am tagged in a crypto bot spam comment and get invited to a spam group DM. Twitter still has issues

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#218

Post by hintymad »

cs702 wrote: post #82

The most interest aspect in the FTX saga, for me, is that SBF was treated very gently by major news outlets (and maybe by government regulators too)... until regular individuals in social media started asking: Why is SBF being treated so kindly? Why would journalists (and regulators) assume that SBF meant well? A possible answer that no one ever mentions is that SBF possesses many qualities that are valued and admire…

> Why would journalists (and regulators) assume that SBF meant well?

On "meant well", this seems the mirror of attacking one's motive. I noticed that journalists loved to assume the worst of the people they don't like and assume the best of those they do like. Attacking one's motive is really a malicious logical fallacy, as it's practically impossible to defend against such attacks. I really hope journalists focus on what people do instead.

Re: SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]

#219

Post by [deleted] »

bnralt wrote: post #107
cs702 wrote: post #82

The most interest aspect in the FTX saga, for me, is that SBF was treated very gently by major news outlets (and maybe by government regulators too)... until regular individuals in social media started asking: Why is SBF being treated so kindly? Why would journalists (and regulators) assume that SBF meant well? A possible answer that no one ever mentions is that SBF possesses many qualities that are valued and admire…

> The most interest aspect in the FTX saga, for me, is that SBF was treated very gently by major news outlets (and maybe by government regulators too)... until regular individuals in social media started asking: Why is SBF being treated so kindly? Why would journalists (and regulators) assume that SBF meant well? I went through a few examples people brought up of journalists supposedly treating Bankman-Fried kindly t…

[deleted]
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