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SEC obtains final consent judgments against former FTX and Alameda executives

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31–40 of 102 posts

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#31

Earlier quoted context omitted.

Eh, I am pretty sure Trump is gonna end up pardoning SBF. It just seems like the sort of thing that is going to happen.

Not sure what he would gain from that. The crypto community largely backed him in the last election, and pardoning SBF would seriously piss them off.

Trump already got donor money and he's a lame duck. 'Pissing off crypto community' does not factor highly into his decision making processes. Pardoning him would probably help crypto go up.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#32

Earlier quoted context omitted.

Eh, I am pretty sure Trump is gonna end up pardoning SBF. It just seems like the sort of thing that is going to happen.

Does SBF still have money?

probably some secret keys stashed somewhere

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#33
post #8

> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also cons…

> That’s a really light sentence for someone who defrauded people out of billions I don't excuse anything that she did, but didn't 98% of investors get everything back with interest?

they got back 100% at a lower price, around 20k per btc I think.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#34

> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also cons…

That’s a really light sentence for someone who defrauded people out of billions.

She profited very little compared to the others and was invaluable for the case

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#35

Earlier quoted context omitted.

Eh, I am pretty sure Trump is gonna end up pardoning SBF. It just seems like the sort of thing that is going to happen.

Not sure what he would gain from that. The crypto community largely backed him in the last election, and pardoning SBF would seriously piss them off.

Trump could do it... to piss off SBF himself (second biggest donor to Biden/democrats behind Soros)

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#36

Earlier quoted context omitted.

Even if we all agree this is true, you still have to think practically. If we don't give a big incentive to turn on your co-conspirators, no one will turn and you might not be able to convict any of them.

>Can someone think of the criminals? SBF was toast with or without Ellison's testimony. It should be the other way around. You get 10 years. You don't want to cooperate? Great! You get another 10.

SBF got no more than 25. there is no way she would have gotten more than that.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#37
post #8

Earlier quoted context omitted.

> That’s a really light sentence for someone who defrauded people out of billions I don't excuse anything that she did, but didn't 98% of investors get everything back with interest?

I wanna say that was the FTX story, not Alameda.

It was all one company in the end, through co-mingling and lack of controls.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#39
post #8

> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also cons…

> That’s a really light sentence for someone who defrauded people out of billions I don't excuse anything that she did, but didn't 98% of investors get everything back with interest?

The customers were not fully repaid, except in an artificial accounting sense using post-crash marks. Nevertheless, the recovery was far more successful than most people expected at the time.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#40

Earlier quoted context omitted.

Eh, I am pretty sure Trump is gonna end up pardoning SBF. It just seems like the sort of thing that is going to happen.

Not sure what he would gain from that. The crypto community largely backed him in the last election, and pardoning SBF would seriously piss them off.

> "Not sure what he would gain from that."

Besides the ~$1 million a head he's openly selling[0] pardons for?

Why wouldn't he pardon a white-collar felon fraudster? This president has pardoned dozens of those[1]—frauds who had no reason at all to be deserving of clemency, other than being incredibly rich. He's pardoned fraudsters who defrauded thousands of victims[2]. He's pardoned a fraudster convicted of fraud, who committed fraud again, and he pardoned them a second time[3]. There are no limits.

[0] https://www.wsj.com/politics/policy/trump-presidential-pardo... ("Inside the New Fast Track to a Presidential Pardon / Lobbyists close to Trump say their going rate to advocate for a pardon is $1 million")

[1] https://en.wikipedia.org/wiki/List_of_people_granted_executi... ("List of recipients of executive clemency from Trump")

[2] https://www.nytimes.com/2025/11/29/us/politics/trump-david-g... ("Trump Frees Fraudster Just Days Into Seven-Year Prison Sentence / David Gentile had been found guilty for his role in what prosecutors described as a $1.6 billion scheme that defrauded thousands of investors.")

[3] https://www.nytimes.com/2026/01/16/us/politics/trump-fraudst... ("Trump Sets Fraudster Free From Prison for a Second Time")

> "The crypto community largely backed him in the last election"

Gee golly; I wonder why.

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