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The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
401–410 of 748 posts
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#402Earlier quoted context omitted.
Today there was an article about his parents in nytimes. I think at at least one of them is professor of law. And both parents seems to be involved with his company. I wonder if he didnt get any advice from them about not talking?! Maybe he knew that he is done legally and there is no downside to talking to public.
There's a pathology amongst wealthy people where they think that the law doesn't apply to them, period, and are simply shocked when it does. Some other recent examples of this include the lawyer Michael Avenatti going to jail for decades for stealing from his clients, and everything that has ever happened to Donald Trump. (In my experience as a white person it is mostly other white people who think this, but I don't…
Wealthy is subjective, I know, and here, on HN, it's certainly more subjective than most places, but are Stanford professors really consider wealthy? By northern california standards?
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#403Earlier quoted context omitted.
They were already quite well off, now their son is in trouble. "My son is going to prison but I have secured my millions so it's fine" is generally not a thing.
I think that it is a thing for a shockingly large percent of parents. Historically children were the retirement plan (in addition to labor for the family). That type of thinking is fairly common.
But aren't his parents pretty successful lawyers who are pretty well of on their own? There are usual family pathologies and unusual family pathologies, and this looks like the latter.
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#404Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#405Earlier quoted context omitted.
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…
During my first week in my first programming job I remember overhearing a senior engineer saying “don’t worry, there’s not another leap year for 2 years”. I was still working there on February 29, he wasn’t. It was a stressful day. My condolences go out to the engineers who will be working on January 1st 100000.
Surely by then we'll have had a powerful enough pope to rename the months at least once.
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#406From 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?
Maybe this is a case of the apple and the tree?
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#407I'm a civil lawyer, not criminal, but maybe a criminal lawyer can chime in. Don't they have to allege specific facts in an indictment? If I were served with this as a civil complaint, it would be deficient on its face.
This is just the Federal grand jury indictment.
See https://www.justice.gov/usao/justice-101/charging
It is a pretty typical indictment, fact wise. They don't often include the level of line by line detail you would find in a civil complaint. They mainly exist to let you know what you are being charged with, not to make the case to you that you are guilty.
Civil complaints are also deliberately meant to be detailed enough that people try to settle them ahead of time, pre discovery.
If you looked at non grand jury state proceedings, the criminal complaint would look closer in detail to a civil one.
Though I believe they have to extradite here so you will likely see a more detailed version that ends up in Bahamas court, depending on what they/the treaty requires
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#408Earlier 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?
Probably preparing for the year 9999 issue early.
Most systems don't have a Y10k issue: year numbers are variable-width already. Forcing a fixed-width 5-digit representation is creating a Y100k issue.
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#409From 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?
This is mainstream media being sensationalist per usual. This is what the original Coindesk article wrote.
"They appeared to oscillate between dejection and defiance, at times holding their heads in their hands and clasping their hands. Bankman-Fried’s mother audibly laughed several times when her son was referred to as a “fugitive” and his father occasionally put his fingers in his ears as if to drown out the sound of the proceedings."
It definitely sounds more like a stress response.
Re: The United States of America vs. Samuel Bankman-Fried Indictment [pdf]
#410From 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?
This is mainstream media being sensationalist per usual. This is what the original Coindesk article wrote. "They appeared to oscillate between dejection and defiance, at times holding their heads in their hands and clasping their hands. Bankman-Fried’s mother audibly laughed several times when her son was referred to as a “fugitive” and his father occasionally put his fingers in his ears as if to drown out the sound…
Lol. When Coindesk is bringing more nuanced news reporting than CNBC, you know things are whack.