401–410 of 500 posts
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Gary Wang and Caroline Ellison did make a plea deal so that makes it seem like they are going to fully prosecute SBF. Any deal SBF makes will likely be to keep him from spending the rest of his life in prison.
It has been said elsewhere that he may be able to cooperate with forthcoming indictments of other players, such as CZ. So far though this is just speculation.
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More like he moved into his parents’ attic? They don’t have basements in California :P
Weird. I’ve heard this same phrase about every state I’ve lived in (always from a native) and it’s always turned out to be false. Perhaps such a state does exist? Sibling comment seems to indicate California might not be one of them.
It's definitely possible to have basements, but it's something only the exceptionally wealthy would even bother with.
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People say this kind of thing all the time but I'm yet to see an internet scammer get their comeuppance. That includes people who have been identified after running exit scamming darknet markets. My guess would be that when it comes to online fraud, people are more willing to swallow it because it doesn't seem so real.
https://en.wikipedia.org/wiki/Ruja_Ignatova
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Your solution to needless suffering is to add more needless suffering?
He caused $8 billion in suffering and you're concerned he can't use the internet?
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Maybe he's gonna give up CZ and that house of cards.
If I was a prosecutor, I’d definitely be wanting 100% disclosure of all the dirty stuff he knows others are engaging in. For sure, CZ is probably regretting not having followed through with the purchase of FTX, which he could have then swept under the rug.
CZ is competent at running an exchange and SBF is a bitter con man.
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Should be denied access to the internet too, like most internet related criminals are on bond conditions.
What would this achieve? I think SBF has done a load of financial crime, but I don’t think we are at risk of him spinning up a new token and making millions. Internet is required for a lot of normal shit, making it illegal is a really cruel punitive thing
Wait. Only a few days ago he declared he had less than 100k on his bank account and now he forks out 250m? It's hard to believe anything else he said.
> Only a few days ago he declared he had less than 100k on his bank account and now he forks out 250m? No, he (or one or more other people on his behalf) secured a $250m bond. Bail bonds generally cost significantly less than the amount of bail; in many states with a maximum or exact amount set by law. In New York, the maximum is 10% up to $3000, 8% for $3000-$10000, 6% for the amount over $10000. At $250M bail, the…
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I think bail norms probably vary by jurisdiction, etc., and your assumptions are not correct. My guess is he was not required to post full collateral, i.e. the only collateral here is the home, and then Sam, his parents, and two others posted essentially an unsecured guarantee for the full $250M, such that the government could recover up that amount from any assets held by any of those parties. While unsecured, note…
So this bail is as colateralized as an Alameda loan ? This trial is starting well...
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> secured only on his parents’ home in Palo Alto, This part is incorrect - his parents and 2 other individuals with ‘significant assets’ signed on his bond.
Normally when you post bail you have 2 options: 1. Pledge the full amount of the bail yourself. You get this back if the accused shows up in court, you lose it of they flee. 2. Pay some percentage (usually X%) to a bail bondsman. You never get that money back, and if the accused flees, the bail bondsman will try to get the money from whomever signed the bond (as the bail bondsman is on the hook). The bail bondsman ma…
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https://en.wikipedia.org/wiki/Ruja_Ignatova
And? Are you saying she's dead, got plastic surgery, is very good at hiding? Or what?