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Sam Bankman-Fried Convicted

nytimes.com

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Re: Sam Bankman-Fried Convicted

#261

Post by jowea »

preciousoo wrote: post #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 exp…

Do we know the details of the jury selection? I heard the lawyers only have a limited number of arbitrary strikes, maybe they spent them all on other jurors even worse for their position.

Re: Sam Bankman-Fried Convicted

#263

Post by drcode »

preciousoo wrote: post #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 exp…

My understanding is the prosecution most of all wants to avoid "empathetic" jurors, people like social workers, artists, etc who cause hung juries because they randomly decide "this person deserves another chance!"

So they will hold their noses and allow the investment banker if they have to

Re: Sam Bankman-Fried Convicted

#264

Post by hintymad »

hintymad wrote: post #243

I was reading the trial report by Inner City Press. The AUSAs were incredibly thorough and strategic. The evidences were air-tight, the cross-examination was masterfully controlled with precision and incisiveness, and of course the closing argument was forceful. It was a great joy to read the report, as if I was watching an extended episode of The Good Fight. On the other hand, the defense was really weak, quite hand…

And the AUSA rightly made crypto a non-issue. This is not about crypto but simple fraud. As a result, people who are not familiar with crypto can still easily understand the trial.

Re: Sam Bankman-Fried Convicted

#268

Post by A4ET8a8uTh0 »

idlewords wrote: post #28

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.

Having been called upon to serve on a jury before, I will admit that I tend to err on the side of the accused, but here the guy did everything, often in his own words, to tank any reasonable defense and doubt one could have. I followed the case and shook with disbelief at some of the things that were said. I was amazed at the initially lenient treatment he got. My jaw landed on the floor when I saw python code that did not even try to hide randomized balance. And those are just the highlights off the top of my head.

It is not often that I get to say this lately, but the jury restored some of my tired faith in the system in US.

Re: Sam Bankman-Fried Convicted

#269

Post by nyssos »

nerdbert wrote: post #209
bibabaloo wrote: post #182

Earlier quoted context omitted.

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.

Can a $3B nominal stake in Anthropic actually be liquidated for $3B?

Openly, and all at once? No chance whatsoever.

Re: Sam Bankman-Fried Convicted

#270

Post by sob727 »

methods21 wrote: post #57

Again, justice is served for a small, very small, subset of the white collar criminals. Bring the real crooks (e.g. insider traders etc.) in for justice.

If you know any, you can blow the whistle on them. You could be in for a nice pay day.
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