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Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

nytimes.com

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Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#211

Post by dragonwriter »

1vuio0pswjnm7 wrote: post #193

There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes. The question I have is if the judge releases him from custody, "Will SBF do more interviews?" Lots of people are speculating on sentencing, some are comparing SBF to Holmes, but IMHO it's likely in this case he is going to plead guilty. Whatever comes out in a c…

> Lots of people are speculating on sentencing, some are comparing SBF to Holmes, but IMHO it's likely in this case he is going to plead guilty. Whatever comes out in a criminal trial could be used against SBF in the civil cases brought by the SEC and CFTC.

This includes the convictions and statement of the offense that comes with a guilty plea, though, too.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#212

Post by dragonwriter »

ALittleLight wrote: post #158
ericliuche wrote: post #15

Curious to see if they also strike a deal with Nishad Singh. He was the director of engineering at FTX that supposedly authored the code that exempted Alameda from liquidation.

How many deals do they need? I'm afraid of prosecutors cutting too many deals, being too lenient on the guilty, just to make their jobs easier - making practically certain cases 1% more certain in exchange for not punishing appropriately. I think it's good to get one or two insiders - Ellison and Wang seem ideal. Why does the state need more?

> How many deals do they need? I'm afraid of prosecutors cutting too many deals, being too lenient on the guilty, just to make their jobs easier

Saving taxpayer money, too.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#213

Post by herendin2 »

1vuio0pswjnm7 wrote: post #193

There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes. The question I have is if the judge releases him from custody, "Will SBF do more interviews?" Lots of people are speculating on sentencing, some are comparing SBF to Holmes, but IMHO it's likely in this case he is going to plead guilty. Whatever comes out in a c…

if the judge releases him from custody, "Will SBF do more interviews?"

Because he has such a great tendency to shoot himself in the foot in the legal sense, it sounds as if encouraging the judge to grant his release so he can carry on incriminating himself in interviews would be a smart strategy from the prosecutor's POV

Maybe his own lawyer will be arguing against release

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#214

Post by fardo »

1vuio0pswjnm7 wrote: post #193

There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes. The question I have is if the judge releases him from custody, "Will SBF do more interviews?" Lots of people are speculating on sentencing, some are comparing SBF to Holmes, but IMHO it's likely in this case he is going to plead guilty. Whatever comes out in a c…

>There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes

I don’t agree with this theory, as I think it’s rather likely SBF will be viewed as a flight risk.

• His heavy involvement in the cryptocurrency space makes it likely he has significant moveable digital cash reserves that cannot be easily seized and which would greatly aid an escape.

• He has shown himself to be extremely mobile and was seemingly already attempting to get some distance from the USA, given that he was arrested in the Bahamas

• The gravity of sentences charges he’s potentially facing are vast, and he has many incentives to flee prosecution if it means potentially dodging spending 10-20++ years in jail

I therefore think it’s very unlikely he gets bail.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#215

Post by w1nst0nsm1th »

shapefrog wrote: post #200
ffssffss wrote: post #175

Earlier quoted context omitted.

She got 11 years of which she'll have to serve at least around 9 because it's federal, and that was for something that probably wasn't fraudulent from the very beginning. So, seems like they... won't be okay.

She got 11 years for not delivering 10x to the VC's. Just imagine what you would get for fucking with peoples health.

Ask Sacler family members...

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#216

Post by l33tman »

SturgeonsLaw wrote: post #182
rosnd wrote: post #174

Earlier quoted context omitted.

That doesn't make any sense, everyone on the receiving end of these threats has a lawyer. Even the shittiest public defender will translate this for you. These numbers exist solely for the audiences at home.

Same with the "street value" they cite in drug busts. Sure, that guy with 100kg of coke is going to be selling it in little 1g baggies.

Getting OT here but at least the end-user cost in that case is some kind of "normalized impact on society" if you're looking for a number to compare different busts with.

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#218

Post by LatteLazy »

ffssffss wrote: post #175
DrFunke wrote: post #173

Earlier quoted context omitted.

>decades in prison Something tells me they'll be okay. Just look at Liz Holmes of Theranos.

She got 11 years of which she'll have to serve at least around 9 because it's federal, and that was for something that probably wasn't fraudulent from the very beginning. So, seems like they... won't be okay.

I thought FTX was not fraudulent from the beginning. It only went that way when Alameda started losing cash (it was originally very profitable). When, instead of just letting it die, SBF decided to use customer money to save it (and also to pay himself and others bonuses and buy people free houses and other shit)?

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#219

Post by pjc50 »

fardo wrote: post #214
1vuio0pswjnm7 wrote: post #193

There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes. The question I have is if the judge releases him from custody, "Will SBF do more interviews?" Lots of people are speculating on sentencing, some are comparing SBF to Holmes, but IMHO it's likely in this case he is going to plead guilty. Whatever comes out in a c…

>There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes I don’t agree with this theory, as I think it’s rather likely SBF will be viewed as a flight risk. • His heavy involvement in the cryptocurrency space makes it likely he has significant moveable digital cash reserves that cannot be easily seized and which would…

Confiscate his passport, put his face on the no-fly list, and electronic tag him?

Although possibly more relevant is the reasons Kevin Mitnick was denied bail; what can he do from a computer?

Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF

#220

Post by LatteLazy »

shapefrog wrote: post #200
ffssffss wrote: post #175

Earlier quoted context omitted.

She got 11 years of which she'll have to serve at least around 9 because it's federal, and that was for something that probably wasn't fraudulent from the very beginning. So, seems like they... won't be okay.

She got 11 years for not delivering 10x to the VC's. Just imagine what you would get for fucking with peoples health.

She got 11 years for lying about her product in order to defraud people...
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