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.
[deleted]
Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
141–150 of 338 posts
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#142I have a feeling she took this course: MIT 15.025 | Spring | Graduate Game Theory For Strategic Advantage
[deleted]
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#143The prisoner's dilemma strikes again.
[deleted]
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#144Caroline's dad is an MIT econ prof and wrote a series of books titled Hard Math for X. New installment should surely be Hard Math for Crypto Fraud and Jail Evasion.
Shouldn't be that hard, Michael Milken is doing fine.
"He is known for his role in the development of the market for high-yield bonds ("junk bonds"), and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws... With a net worth of $6 billion as of 2022, he is ranked by Forbes magazine as the 412th richest person in the world"
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#145Earlier quoted context omitted.
There are audio recordings of Fried saying that it was something he needed to say in order to fit in with the right crowd. There were never any philanthropic objectives. It was always a scam from the get go. Also look into one-coin and Ruja Ignatova.
Are those recordings publicly available or any source?
Would also appreciate a link. What I have (maybe GP is mixing these up?):
Alleged Twitter DM conversation between SBF and Vox reporter that fits otherwise: https://www.vox.com/future-perfect/23462333/sam-bankman-frie...
Audio recordings of two calls between SBF and Tiffany Wong where he says he donated to Democratic Party publicly but equivalent amount to Republican Party dark to play both sides:
https://piped.video/watch?v=6DezodR9hNI
https://piped.video/watch?v=xP54LZB3WRw
Maybe there's more in those, I found it too tiring to listen to all of it due to it being hard to make out what SBF is saying.
CoffeZilla commented and subbed parts: https://piped.video/watch?v=0rL35_WV3lE
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#146Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#147Earlier quoted context omitted.
Please just read the plea deal. https://www.documentcloud.org/documents/23495436-crypto-coop...
I think you’re hung up on the number of years thing. The whole reason you cooperate is to get a reduced sentence. So of course that’s part of the deal. That’s the point of it. The formal agreement isn’t going to spell out “we will recommend X years” for a lot of reasons. First, what if she doesn’t cooperate? Or worse, lies and impedes the prosecution? More importantly, having a set-in-stone agreement like that for a…
The defense asks that question to every single cooperating witness. They also ask every single expert witness how much they got paid for their testimony.
It doesn’t sway the jury.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#148Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#149Earlier quoted context omitted.
110 years! I wonder how many she'll get out of that for being the first out of the woodwork.
My guess is she will get 10. 30 for the crimes, less 10 for being a first time offender and not the ring leader and less 10 for cooperation and contrition.
And gets out after 5 years for “good behavior”.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#150Does this cooperation mean that those fraudsters don't go to prison? The whole team knew about stealing billions of dollars of money, clearly there's more than 1 person (and more than 1 company's executives) that need prison time.
It means they get less prison time in exchange for helping prove the cases that give lots of prison time to others.
Yup, there's no dilemma among the potential prisoners here -- the best policy is to "do the rat thing".