171–180 of 1001 posts
Is this the actual article? It looks like some live twitter-style thread with a bunch a random updates.
I'm not too familiar with the American system, could someone please explain how after the verdict does the sentencing work? The judge is the one who will now decide the sentence? And how long does that decision take, so when will we know what the consequences of the guilty verdict actually are? (For example, how many years in prison, or not).
Typically decided by the judge. There is a table of different degrees of crimes that have sentencing guidelines for minimum/maximum sentence. The judge will choose where on that spectrum the sentence lies. edit: From Ars Technica The five charges related to wire fraud and money laundering carry maximum sentences of 20 years each, while the two securities and commodities fraud charges have maximum sentences of five ye…
Is this the actual article? It looks like some live twitter-style thread with a bunch a random updates.
https://time.com/6330323/sbf-trial-biggest-bombshells/ - interesting in this article showing what Alameda spent their stolen money on is that they made a $500million bet/investment on Anthropic, who Google just committed to investing $2billion into. Could have turned out great!
Could have? FTX still owns that investment into Anthropic and the bankruptcy proceedings are sorting it out.
Is this the actual article? It looks like some live twitter-style thread with a bunch a random updates.
Like many of his strategies at FTX, his high risk approach to this trial for a high value payout (taking no plea deal and getting out with no charges) hasn’t worked out. I wonder if he himself is accepting of the outcome and isn’t already scheming or relying on another all-in gamble.
I don’t think he was ever offered a plea deal
I'm certain he will out soon with a slap on the wrist (don't do this again, mmmok? sorry, i didn't know, won't happen again). Then a16z will give him a few billions to start the next chapter in life. Wework is close to filing bankruptcy, a16z is funding Adam Neumann's next startup. SBF is similarly talented.
https://gizmodo.com/kevin-o-leary-bitcoin-ftx-ponzi-sam-bank...
I'm not too familiar with the American system, could someone please explain how after the verdict does the sentencing work? The judge is the one who will now decide the sentence? And how long does that decision take, so when will we know what the consequences of the guilty verdict actually are? (For example, how many years in prison, or not).
Typically decided by the judge. There is a table of different degrees of crimes that have sentencing guidelines for minimum/maximum sentence. The judge will choose where on that spectrum the sentence lies. edit: From Ars Technica The five charges related to wire fraud and money laundering carry maximum sentences of 20 years each, while the two securities and commodities fraud charges have maximum sentences of five ye…
i.e. Is SBF going to spend the rest of his life in jail?
I'm certain he will out soon with a slap on the wrist (don't do this again, mmmok? sorry, i didn't know, won't happen again). Then a16z will give him a few billions to start the next chapter in life. Wework is close to filing bankruptcy, a16z is funding Adam Neumann's next startup. SBF is similarly talented.
> I'm certain he will out soon with a slap on the wrist Did you expect he'd never be charged? Did you expect he'd never be found guilty? I don't know where this kind of cynicism is coming from. I'd be absolutely shocked if he's sentenced to less than 5 years. I expect him to actually get north of 15 years.
I'm certain he will out soon with a slap on the wrist (don't do this again, mmmok? sorry, i didn't know, won't happen again). Then a16z will give him a few billions to start the next chapter in life. Wework is close to filing bankruptcy, a16z is funding Adam Neumann's next startup. SBF is similarly talented.