It's hard for me to fathom being so privileged and then essentially throwing away your life. I have no idea what they were thinking.
Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
91–100 of 338 posts
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#92Too bad HBO's Silicon Valley isn't still going. The writers would have had a field day.
The sequel Silicoin Wallet cannot be too bad.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#93Too bad HBO's Silicon Valley isn't still going. The writers would have had a field day.
I think the actual crypto story lines are too preposterous to be funny. :)
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#94Earlier quoted context omitted.
> The idea that there is some agreement for say 5 years recommended is not on the table in this type of situation. That is absolutely the situation. That’s why you take the deal. They got her to plead to seven counts! There’s almost certainly an agreed-upon recommended sentencing.
Please just read the plea deal. https://www.documentcloud.org/documents/23495436-crypto-coop...
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Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#95SEC Complaint with more details. https://www.sec.gov/news/press-release/2022-234 I have read more SEC complaints this year than in all of my previous years combined. —- Edit 1 Caroline’s guilty plea: https://www.documentcloud.org/documents/23495436-crypto-coop...
Interesting: On page 4, there's a section listing out the crimes she will not be further prosecuted for. As you'd expect this includes the 7 counts listed earlier, but there's also an 8th section that's been redacted. Any ideas on what this could be referring to?
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#96It's hard for me to fathom being so privileged and then essentially throwing away your life. I have no idea what they were thinking.
People are a lot like ChatGPT, in that they fill in their next action based on what is most likely according to their training given what actions came before it.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#97The prisoner's dilemma strikes again.
It's like advanced level Prisoner's dilemma being played by prisoners who all took graduate level coursework in game theory. The lack of cooperation among the prisoners probably signals that they realize they aren't playing a version of iterated prisoner's dilemma any more.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#98Earlier quoted context omitted.
Elizabeth Holmes was sentenced to 11 years and she didn’t steal any money for personal gain. Madoff was sentenced to 150 years. Based on what we know so far about Caroline’s misuse (abuse) of funds and possible mass market manipulation all of which has resulted in billions of dollars in investor losses. 10 years in this case seems light, no?
Elizabeth did use the money for personal gain, to sponsor an extremely lavish lifestyle and billing luxury home rental expenses,chartered flights, security details and private investigators to the Theranos account. Sunny Balwani, otoh, didn't benefit, wasn't the CEO, didn't make most of the false statements and got a heavier sentence.
She was found not guilty of defrauding patients. He was guilty on all accounts.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#99It's hard for me to fathom being so privileged and then essentially throwing away your life. I have no idea what they were thinking.
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Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#100Earlier quoted context omitted.
> In previous discussions, I said there was a 0% chance she got some sort of deal. Well that prediction didn't age well. Looks like she got herself a deal.
She got one thing… they won’t pursue tax fraud charges. Wow. Everything else she gets is from the courts.
> She got one thing… they won’t pursue tax fraud charges
I think you massively misread the doc.
Read the doc, its not that long
https://www.documentcloud.org/documents/23495436-crypto-coop...
> Moreover,if the defendant fully complies with the understandings specified in this Agreement, the defendant will not be further prosecuted criminally by this Office for any crimes, except for criminal tax violations
They agreed to not charge her with more crimes other than tax evasion. That's a huge deal given what she could have been charged with.
That's a huge difference from what you quoted.