Earlier quoted context omitted.
Give him a chance to wrap things up. He’s not going anywhere in the interim.
Why is this guy even in the country? He could have chartered a boat to Venezuela and taken a few hundred million with him. Of course, all the people he defrauded might follow him.
Sam Bankman-Fried Convicted
211–220 of 1001 posts
Re: Sam Bankman-Fried Convicted
#212In 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.
I was on a jury recently. Deliberations began after closing statements Friday morning. First thing we all agreed we would not be coming back on Monday…
Re: Sam Bankman-Fried Convicted
#213In 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.
I was on a jury recently. Deliberations began after closing statements Friday morning. First thing we all agreed we would not be coming back on Monday…
Kind of scary that this is the rigor our justice system hinges on.
Re: Sam Bankman-Fried Convicted
#214No, 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. ----------- At least, I'm amused by the thought of a "…
Re: Sam Bankman-Fried Convicted
#215Interestingly, 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...
Looking online I see reports that FTX owes its creditors $3B. If Anthropic has 6.5x then the initial $500 million is now worth $3.25B. Is it actually possible that all creditors will get their money back? Pretty crazy if so.
Re: Sam Bankman-Fried Convicted
#216Like 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.
Allegedly, a lot of the squandered FTX funds went to Alameda, his other company where he made similar bets, except they didn’t work out.
Re: Sam Bankman-Fried Convicted
#217No, 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. ----------- At least, I'm amused by the thought of a "…
Re: Sam Bankman-Fried Convicted
#218In 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.
I was on a jury recently. Deliberations began after closing statements Friday morning. First thing we all agreed we would not be coming back on Monday…
Re: Sam Bankman-Fried Convicted
#219Re: Sam Bankman-Fried Convicted
#220Like 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
Perhaps the only one (potentially, and not trying to derail this) might be Donald Trump (but I also have a hard time seeing him accepting a plea deal on the current raft of bullshit around him).