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Sam Bankman-Fried Convicted

nytimes.com

311–320 of 1001 posts

Re: Sam Bankman-Fried Convicted

#311

I really don’t think they should have let the rest of the executive team walk, especially Ellison. They knew what they were doing too, and I’m sure they could have built a strong enough case to convince SBF and the others through plea deals and such

SBF is going to be pardoned by the Dems. Guaranteed. He donated far too much money for him not to be pardoned. Not just to reward SBF, but to signal to anyone else that the Dems have their back if they donate enough. The same goes for the Republicans as well. Trump pardoned Levandowski as one of his final acts as president.

Re: Sam Bankman-Fried Convicted

#312

I really don’t think they should have let the rest of the executive team walk, especially Ellison. They knew what they were doing too, and I’m sure they could have built a strong enough case to convince SBF and the others through plea deals and such

SBF is going to be pardoned by the Dems. Guaranteed. He donated far too much money for him not to be pardoned. Not just to reward SBF, but to signal to anyone else that the Dems have their back if they donate enough. The same goes for the Republicans as well. Trump pardoned Levandowski as one of his final acts as president.

If SBF is pardoned by Joe Biden, or any other Democratic president, I will make a $2,000 donation to the charity of your choice.

It's not going to happen. 0% chance.

Re: Sam Bankman-Fried Convicted

#313
post #261

> 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.

I was thinking about that too. It is NYC after all, lots of investment bankers to be found

Re: Sam Bankman-Fried Convicted

#314

That happened fast! I expected it to drag on for much longer. Wonder if he'll appeal.

They always appeal.. "Dad, why is the American government the best government? "Because of our endless appeals system" Thank You for Smoking

"Your teacher crafted that question?

Look, ignoring obvious problems in the syntax..."

Beyond underrated (the book / movie)

Re: Sam Bankman-Fried Convicted

#315

That happened fast! I expected it to drag on for much longer. Wonder if he'll appeal.

It was fast because the US Government did a fantastic job of prosecuting him, and his defense team had an awful client. Basically, it was obvious he was guilty, and there was almost no chance his lawyers could show there was a reasonable doubt that he had not committed the crimes he was accused of.

Also because he broke the terms of his pretrial release, and so was forced to await the trial in jail. That made the idea of delaying the start of the trial for as long as possible less appealing.

Re: Sam Bankman-Fried Convicted

#316

That happened fast! I expected it to drag on for much longer. Wonder if he'll appeal.

They always appeal.. "Dad, why is the American government the best government? "Because of our endless appeals system" Thank You for Smoking

Appealing a criminal conviction is quite hard. It's certainly his right to file an appeal, but he's likely going to be detained for the duration of the appeals, and the likelihood of being successful seems pretty low to me.

Re: Sam Bankman-Fried Convicted

#317
post #308
post #120

Interestingly, 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...

In fact, there's a significant market right now for purchasing FTX claims precisely because of this Anthropic investment. The bet is that you can buy the FTX claim for 35 or 40 cents on the dollar, and get 75 or 80 cents on the dollar if the Anthropic value gets unlocked during the bankruptcy process.

could you show us how to look up this info? its fascinating and as a financially savvy trader i'm surprised i was never taught this in business school

Re: Sam Bankman-Fried Convicted

#318
post #160

Earlier quoted context omitted.

Could have? FTX still owns that investment into Anthropic and the bankruptcy proceedings are sorting it out.

Isn’t rule 1 of trading that it doesn’t matter if you’re right if the timing is wrong?

The outstanding creditors probably think the timing was pretty good.

Re: Sam Bankman-Fried Convicted

#319
post #212
post #188

Earlier quoted context omitted.

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…

I was on a jury. We pushed it a little longer to get it to that last free lunch and make it long enough not to go back in the jury pool.

Lucky you! We were not fed, except for the donuts and coffee in the waiting room. We were allowed to leave at mealtimes and get our own food.

Re: Sam Bankman-Fried Convicted

#320
I liked the article detailing how poorly he did on the stand:

https://www.thefp.com/p/humiliating-cross-examination-sam-ba...

“Did you say in private, ‘Fuck regulators?’ ”

“Did you call some customers ‘dumb motherfuckers?’ ”

“Did you fly to the Super Bowl in a private plane?”

“Most FTX customers did not have a line of credit, correct?”

“Do you deny that Alameda had a $65 billion line of credit?”

And on, and on, and on.

Under the circumstances, SBF’s wisest course would have been to just say yes—or yep—to her questions. And sometimes he did that. But just as often, he chose to dance around the question, to quibble about the phrasing, or say that he couldn’t remember the details. And every time he did that—every single time—Sassoon projected an email or video or a spreadsheet onto the screen, showing that he had done exactly what she was accusing him of doing. Which then gave the jurors another look at the evidence while reminding them that SBF was being something less than forthright. You’d think this MIT graduate would wise up, but he never did.

(He even equivocated on whether he had taken a private plane to the Super Bowl—to which Sassoon responded by presenting a photograph of SBF fast asleep in the embrace of a comfy chair on a private jet. In the overflow room, we burst into laughter.)

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