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

Post by coffeebeqn » Tue, Dec 13, 2022, 9:51 PM UTC

chollida1 wrote: post #234

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…

Well the Madoff trustee's were able to see who received payouts from Madoff due to KYC rules. This allowed the trustee to go to people, most of whom were completely innocent, to ask the to give back some of the money they redeemed from Madoff. FTX on the other hand has very few KYC docs so the trustees are left with wallet addresses. Not sure how you contact a wallet address to ask for money back.

Post by SilasX » Tue, Dec 13, 2022, 9:52 PM UTC

jayess wrote: post #49

andrewmutz wrote: post #39

Earlier quoted context omitted.

If an officer testified in support of you about what he witnessed, why would that be hearsay?

Because hearsay is an out-of-court statement, but there are exceptions, including a statement against the person's interest. FRE 804(b)(3).* In other words, if you try to introduce an out-of-court statement that supports your case, it's hearsay; if the statement is against your interest, it's allowable. Of course there are other exceptions and nuances, but this is the jist of it. * https://www.rulesofevidence.org/art…

Post by kcplate » Tue, Dec 13, 2022, 10:00 PM UTC

2devnull wrote: post #83

JumpCrisscross wrote: post #56

Earlier quoted context omitted.

> 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…

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?

Post by joegahona » Tue, Dec 13, 2022, 10:02 PM UTC

okasaki wrote: post #111

Is there some reason why this kind of stuff is typed up on a typwriter?

Post by anigbrowl » Tue, Dec 13, 2022, 10:04 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!