341–350 of 748 posts
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Running through the sentencing guidelines on the wire fraud hits 15-life real fast though. The sentence increases with the amount stolen and he stole a LOT of money (so much that the table doesn't cover it! It only goes up to $550 million).
This was said about Holmes, too. It matters what he actually ends up convicted of. Early speculation always runs high.
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…
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…
No, there are no RICO charges here, and if SBF isn’t getting RICO, I doubt underlings are.
These are just regular conspiracy charges. It is possible sonenir all of the other alleged conspirators will be charged with conspitacy, though.
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It’s not even a negotiation tactic, the defendants lawyers know the sentencing guidelines. It’s a news release tactic.
Annoyingly, news outlets just recycle the hype. Tired of everything being exaggerated for attention in modern society, this is one reason faith in social institutions is on the wane.
I guess we'll get to see what 3 billion dollars and a well connected mother can buy you; I doubt it'll be a free pass, but I'm not expecting anything that resembles justice here.
I guess we'll get to see what 3 billion dollars and a well connected mother can buy you; I doubt it'll be a free pass, but I'm not expecting anything that resembles justice here.
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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.
madoff operated from 01960 to 02008 kyc is from 02002
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Yes! Also, why do they feel the need to do the "a/k/a SBF" after every mention of the guy's name? Say it the first time then just call him SBF thereafter. I think Typewriter Guy must be paid by the character. Another petty thing: I've never seek "a/k/a" with slashes like that before -- "aka" is sanctioned by Merriam-Webster, and "a.k.a." is also acceptable for constipated purists and The New Yorker.
> never seek "a/k/a" with slashes like that before F/k/a is also common. I only see it in legal and compliance contexts.
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No it wouldn't. C-Span isn't broadcast for one thing, for a second it's newsworthy, and for a third they could just say/write 'I f**ed up' The US is so babyish about this stuff. One day people shout about free speech absolutism, another day they hold mock fainting fits over common swear words that virtually everyone uses. In other countries this would not merit anything more than an arched eyebrow on the part of a ne…
The US, like the EU, isn’t a monoculture.
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In the US, we can't just convict people because they lost people money. You need to prove criminal intent. Are you aware of any evidence demonstrating intent to commit fraud? Not sure what the size of banks has to do with anything.