Earlier quoted context omitted.
There’s a second trial around the same time for all the illegal political donations he made.
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If by kill himself you mean killed by others and the guards just happen to take a break then probably not
Sam Bankman-Fried Convicted
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Re: Sam Bankman-Fried Convicted
#222In 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…
Was it a slam dunk case for a prosecution, or obviously reasonable doubt?
Re: Sam Bankman-Fried Convicted
#223Earlier 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.
Yeah I remember one of Sam's lawyers insisted he stay in the Bahamas and fight extradition if he was to have any chance of staying out of jail and the other lawyer said he should do the opposite and accept extradition.
Given how harsh the US is on financial crimes, I always thought the former opinion was smarter. Nick Leeson only got sentenced to 6 1/2 years in Singapore (and served 4). Or, alternatively, most stats show higher levels of corruption he could've finessed in his favor in the Bahamas.
As soon as he arrived on US soil it was over for him IMO.
Re: Sam Bankman-Fried Convicted
#224Does anyone want to share their personal story of how they lost money on FTX? There were allegedly a million victims, so surely there are some on HN...
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Re: Sam Bankman-Fried Convicted
#225I want the former citadel employee saying tokenized stocks were one to one and use as locates to be in prison too. So much fraud with ftx
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Re: Sam Bankman-Fried Convicted
#226In 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
2 for 1 credits can help
Re: Sam Bankman-Fried Convicted
#227https://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!
Founders/Owners should dilute and return the principal.
Re: Sam Bankman-Fried Convicted
#228Interestingly, 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...
How convenient.
Re: Sam Bankman-Fried Convicted
#229Is this the actual article? It looks like some live twitter-style thread with a bunch a random updates.
It's just how the NYT prefers to provide a "live updates" thread. They will also write other, more fully fleshed out, articles on whatever topic is available via "live updates".
They put out an plain old article:
https://www.nytimes.com/2023/11/02/technology/sam-bankman-fr...
via there "share" feature..
Re: Sam Bankman-Fried Convicted
#230Earlier quoted context omitted.
It's being debated in the bankruptcy court. Some creditors want to sell it off and others want to let it ride. Because this is crypto, some people want to issue a crypto token that represents claims on the estate.
>some people want to issue a crypto token that represents claims on the estate What could possibly go wrong? :D
If RWAs were adopted and the tokens were non-custodial then not much. The issue with FTX is it was a centralized company and all funds were fully custodial. And while all this was happening SBF was buddy buddy with Gary Gensler. Aka it was a tradfi problem, not a crypto problem.