In under five hours! The jury was home in time for dinner. One question for legal people—why is there such a long gap between conviction and sentencing? In this case, the sentence won't be set until March of next year.
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Sam Bankman-Fried Convicted
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Re: Sam Bankman-Fried Convicted
#112Don’t teach your kids Consequentialism folks.
The consequences were in fact catastrophic for SBF, so this surely can't be a demonstration that consequentialism is bad. If a magic oracle (that's always been right before) had told SBF that this was going to happen, he presumably wouldn't have done it, because as a good consequentialist he would recognise that its consequences were bad for him.
He literally told us the problem, at least once, when he appeared on Conversations with Tyler well before all this came out. He said himself that he would fall victim to the St Petersburg paradox:
> COWEN: Then you keep on playing the game. So, what’s the chance we’re left with anything? Don’t I just St. Petersburg paradox you into nonexistence?
> BANKMAN-FRIED: Well, not necessarily. Maybe you St. Petersburg paradox into an enormously valuable existence. That’s the other option.
(When I listened to it at the time, I didn't believe he could possibly believe this, because it's so patently absurd. I even remember exactly where I was at the time that I heard him say this on the podcast, it stuck out so badly. But it turns out he did believe it!)
Re: Sam Bankman-Fried Convicted
#113Well... this is justice. Sadly, we don't get to see justice very often. This is life in prison, correct? I know he hasn't been sentenced but all counts is easily several life sentences at the federal level. When do the parents go on trial? I can't see how they make it out of this without at least having all their ill-begotten assets stripped.
How did the other FTX kids get away with it so easy? It feels like prosecutors gave them deals too generous just to get SBF convicted more easily.
Re: Sam Bankman-Fried Convicted
#114[deleted]
Re: Sam Bankman-Fried Convicted
#115> A high school librarian, a retired investment banker and a Metro North train conductor: Sam Bankman-Fried’s fate is in the hands of a diverse group of jurors who sat through weeks of scathing testimony against the former cryptocurrency mogul.
Maybe I watch too much TV, but I wonder how the investment banker was allowed to stay on Jury. I've heard mostly anecdotes that lawyers do everything in their power to get experts on subject matter out of the jury
Re: Sam Bankman-Fried Convicted
#116Well... this is justice. Sadly, we don't get to see justice very often. This is life in prison, correct? I know he hasn't been sentenced but all counts is easily several life sentences at the federal level. When do the parents go on trial? I can't see how they make it out of this without at least having all their ill-begotten assets stripped.
Have all of the people scammed been brought whole? That would be justice. Someone sitting in jail isn't justice. It is punishment for his actions. I've never understood how someone being incarcerated has become considered justice.
Depends on how you define the word.
"Justice is the ethical, philosophical idea that people are to be treated impartially, fairly, properly, and reasonably by the law and by arbiters of the law, that laws are to ensure that no harm befalls another, and that, where harm is alleged, a remedial action is taken - both the accuser and the accused receive a morally right consequence merited by their actions"
Re: Sam Bankman-Fried Convicted
#117No, they had pizza: https://twitter.com/tolstoybb/status/1720228218672988667?t=t...
OMG, that's even better!
Re: Sam Bankman-Fried Convicted
#118In under five hours! The jury was home in time for dinner. One question for legal people—why is there such a long gap between conviction and sentencing? In this case, the sentence won't be set until March of next year.
Imagine sitting in a prison cell, for 5 months, having no idea how long you will be there. That sounds almost worse than knowing your sentence.
At the end of the day he deserves everything he's getting
Re: Sam Bankman-Fried Convicted
#119No, they had pizza: https://twitter.com/tolstoybb/status/1720228218672988667?t=t...
I'm assuming it went like this:
"So this guy is guilty right?"
(10x other Jurors) "Agreed".
(That one "For Fairness" Juror) "I dunno, we're sending this guy to jail for an awfully long time. I think we need to think it over a bit longer."
"Fine, Lets get pizza".
* 4 hours later *
"Okay, we thought about it some more. He's guilty right?"
(11x other Jurors) Guilty.
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At least, I'm amused by the thought of a "reverse 12 Angry Men" style setup, where everyone agrees upon the same premise (that a quick decision is a bad idea for everyone), but the additional time thinking changed nothing.
Re: Sam Bankman-Fried Convicted
#120Interestingly, FTX made a $500 million USD investment in Anthropic; supposedly, this was made while Anthropic was valued at $4.6 billion (unconfirmed). Now, Anthropic is nearing $30 billion.
Anyone know the latest on this? Is FTX going to sell that stake off to pay back the debts?
[1] https://www.businessinsider.com/sam-bankman-frieds-anthropic...