SBF was the largest donor to the Democrat party. Can we rehold those elections?
Sam Bankman-Fried Convicted
341–350 of 1001 posts
Re: Sam Bankman-Fried Convicted
#342I 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.
That seems extremely unlikely.
Re: Sam Bankman-Fried Convicted
#343I 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…
> customer money on investment, on political donation,
So... money laundering?
Re: Sam Bankman-Fried Convicted
#344[flagged]
I haven't heard about this, can you elaborate on this?
Re: Sam Bankman-Fried Convicted
#345I 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.
You have a tell :-)
Re: Sam Bankman-Fried Convicted
#346I 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.
The world doesn’t work this way. Not because it’s just or that there’s no corruption: it’s because there’s little benefit to Joe Biden. This is a high profile case. It’ll only trigger more scrutiny into everything. And Sam is an isolated, broke man with no friends. Why would anyone help him for money he’s already given?
You’re way off base.
Re: Sam Bankman-Fried Convicted
#347I 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 o…
I guess he didn't have the money to pay for a good defense team, or didn't listen. Pretty amateur hour what he did. Made it very easy and quick for the jurors.
No, the problem was the overwhelmingly abundant recorded evidence that also supported the credibility of the many witnesses even though they had plea agreements. In no part of his life has there ever been anything other the copious amounts of money. He could get on bail of 250M, and still broke conditions. This is before you consider where all of the money he stole went.
His defense was always fighting a losing battle here, and likely would have recommended he also try to get a plea deal rather than forcing a trial with this probable outcome.
Re: Sam Bankman-Fried Convicted
#348Earlier quoted context omitted.
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
There are places like this;
Re: Sam Bankman-Fried Convicted
#349For anyone curious, Ken White has a good and entertaining article breaking down maximum sentences in print (here, 110 years) and what people actually serve. It's worth a read: https://www.popehat.com/2013/02/05/crime-whale-sushi-sentenc... A takeaway: "1. Maximum sentences have very little relation to actual sentences in federal law. When the government quotes the maximum sentence, they are trying to scare you. When…
Yeah, I’ve heard that a bunch - about the press being uninformed or lazy. I’d offer that they are neither, but if they are restricting themselves to reporting facts and not prognostications and opinions, the statutory maximum is a reasonable thing to report.
Re: Sam Bankman-Fried Convicted
#350Does anyone know whether he will be re-bailed to his palatial parents' home in Palo Alto now that witness tampering is off the table?
Isn’t the home in some way owned by Stanford?