Let’s see if his ‘I’m baby’ defense works in court.
> Let’s see if his ‘I’m baby’ defense works in court. It was a foolish move to open his mouth at all on the matter, let alone go on every podcast that invited him and took every interview to spout his self-incriminating non-sense and riling up the Media and the public's ire in the process. If that was his goal, he has terribly failed to establish anything that suggests it will work Worst yet... is his choice for chie…
The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
371–380 of 748 posts
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#372Earlier quoted context omitted.
I can see why someone familiar with the law would be comfortable speaking with the police, but it's tough for a lay person to know if they are being lied to or will inadvertantly say something seemingly benign that causes them grief. Given that police are allowed to lie with impunity and might become your enemy, it's almost all downside for oneself to speak to them. If cops were obligated to be honest in more respect…
If the police are asking you questions, they're not lying to you...they're just asking questions. And if the police say something seemingly benign that causes you grief, you can look forward to a large-ish settlement to make up for your troubles. People on HN rarely interact with the police and it seems they have an unrealistic, media-driven perception of how cops actually act. For point of reference, it's the same a…
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#373From https://www.cnbc.com/2022/12/13/sam-bankman-fried-denied-bai... : “Bankman-Fried's parents were animated during the proceeding, at times laughing or putting their fingers in their ears, according to Coindesk.” … what in the world.. I guess they really think they are going to somehow get him out of this.. how do they not understand that this type of behavior is not in any way helpful to him?
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#374Earlier quoted context omitted.
> Let’s see if his ‘I’m baby’ defense works in court. It was a foolish move to open his mouth at all on the matter, let alone go on every podcast that invited him and took every interview to spout his self-incriminating non-sense and riling up the Media and the public's ire in the process. If that was his goal, he has terribly failed to establish anything that suggests it will work Worst yet... is his choice for chie…
Is that the kind of high end lawyer you get when other high end lawyers say ‘No’?
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#375Can 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.
FTX (US? International? Both?) required KYC during sign-up. Or what do you mean?
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#376From https://www.cnbc.com/2022/12/13/sam-bankman-fried-denied-bai... : “Bankman-Fried's parents were animated during the proceeding, at times laughing or putting their fingers in their ears, according to Coindesk.” … what in the world.. I guess they really think they are going to somehow get him out of this.. how do they not understand that this type of behavior is not in any way helpful to him?
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#377Let’s see if his ‘I’m baby’ defense works in court.
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#378Earlier quoted context omitted.
His Ponzi scheme started in 1991. Ponzi schemes are exponential, so more than 90% of the volume was after 2002. What's with the leading zeros?
the leading zeros are a sign that the poster is unusually short-sighted and only concerned about the next 98,000 years or so in their fixed-size date representations. before i get tarred and feathered, i'm just going for a cheap ironic laugh here, no offense intended! :) more seriously, i sorta doubt humanity is going to be around long enough to care, and if we are, the odds of some apocalypse resetting our calendars…
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#379I'm curious what kind of plea deal Caroline Elison got.
When she gets 18 months to his 20 years, I think the two of them will be used in Goofus & Gallant-style comics in law school to demonstrate the importance of shutting up and letting your lawyer do the talking.
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#380From https://www.cnbc.com/2022/12/13/sam-bankman-fried-denied-bai... : “Bankman-Fried's parents were animated during the proceeding, at times laughing or putting their fingers in their ears, according to Coindesk.” … what in the world.. I guess they really think they are going to somehow get him out of this.. how do they not understand that this type of behavior is not in any way helpful to him?
They watched their own flesh and blood son transition with breakneck speed from a high rolling billionaire who hobnobbed with society's elites to facing spending the best years of his life in prison, a disgrace to his family and their legacy. How do you think you'd cope with that psychological ordeal?