591–600 of 1001 posts
> You’d think this MIT graduate would wise up, but he never did. The MIT campus has a major public road running through the middle of it, one of the busiest surface streets in the area. You don't have to stand there very long to see a crowd of students almost get hit by a car because they didn't look before they crossed the street. Point is, the old cliche is true, there really is such a thing as a person with a lot…
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 o…
[flagged]
I have watched a lot of hours of court cases. The adversarial lawyers are very literally trying to get you to screw up verbally. That’s their job. They could hold of a picture of an apple and say “is this an apple, yes or no.” Or even “is this a photograph of an apple yes or no?” And depending on what they mean the answer could be both.
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 o…
I don't think it's lack of wisdom but rather pathological hubris and a God-Complex. I've met kids like SBF at MIT. Very smart but at some point they think the rules don't apply to them. The've never failed before so why would they start now. After all, he was like the youngest billionaire, rich parents, good grades, top schools. Everything has gone his way so the thought of admitting failure was out of the question. The defense also took this weird strategy of painting SBF as incompetent manger who had no clue what his subordinates were up to. Who knows, maybe that will get softer sentencing.
TBH I wouldn't be surprised if he gets out after 2-3 years on "good behavior". those political donations have to count for something. He very well may have the last laugh.
Earlier quoted context omitted.
Worked in crypto and I got that vibe so left. Regret it. For every SBF there are hundreds who get away with it. Tons of talentless crypto millionaires still roaming free. Look at the Axie Infinite guys plundering a whole country. Token could collapse, but there’ll be no justice and they’re sitting on at least 8 figures individually
Wait. Do you regret leaving? Because the fraud works out for some?
Reminds me of working for MCI-Worldcom. When you think you’re working for crooks, you probably are. Run away.
Worked in crypto and I got that vibe so left. Regret it. For every SBF there are hundreds who get away with it. Tons of talentless crypto millionaires still roaming free. Look at the Axie Infinite guys plundering a whole country. Token could collapse, but there’ll be no justice and they’re sitting on at least 8 figures individually
Earlier quoted context omitted.
In some ways I can understand white collar criminals being "more evil" than murderers. As I understand it, murderers are often acting out of desperation, poverty, etc. On the other hand, it seems like a lot of white collar criminals who have everything but feel entitled to take from people who already have less than them. Although clearly the murderers did the more heinous crime. Not trying to say that this is someth…
White collar criminals can also ruin multiple lives. Victims of such fraud have even been driven to suicide before. In those cases, at least, I find it hard to say it isn't roughly approximate to murder.
Where did the all the money go?
He was a big democratic donor, also some to media outlets.
Still a pretty small portion of the billions total though.
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 o…
The most unbelievable behavior on cross was described by Tiffany Fong. The prosecutor asked Sam to read a section on "preventing clawbacks", which was a head and then some text underneath. Sam read the text underneath out loud. Then she asked him to read the headline, "Preventing Clawbacks", too. So he said the following: "The first word is 'preventing'. The second word is 'clawbacks'." If I was on a jury where the d…
Unless someone is demonstrating their voice for identification, I cannot see why someone can be compelled to just "read stuff".
An example... a presumed murderer is on the stand. You hand them paper. It says "I murdered someone".
Are they expected to read it?!
And further, as a juror, why would it enrage you to not see him comply? You say on a jury, you'd want to attack the defendant, but at that point you should not believe he is guilty, or innocent!
So, would you be upset if an innocent person, refused to read statements maligning himself?
Does 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?
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…