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Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

theguardian.com

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Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#11

Post by benzible »

Lerc wrote: post #8

> In appealing against the conviction, Bankman-Fried’s defense lawyers argued that US district judge Lewis Kaplan, who oversaw the trial, improperly prevented Bankman-Fried from introducing evidence to back up his belief that FTX had enough funds to cover customer withdrawals. So it's been a few years now. Did people get their money in the end? That would presumably answer the question of whether they were stolen fro…

That is not how any of this works. He was convicted of fraud, and fraud was committed the moment he transferred the funds to Alameda. That he placed some bets that worked out, like his Anthropic investment, doesn't negate the crime any more than if I robbed a bank, placed a winning bet with it and returned the funds with interest.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#12

Post by voganmother42 »

throw563 wrote: post #10

Small criminals rot in jails but big ones like founder of silk road get out paying the government. This is shows how rotten american government is

I think the tiered justice system sucks, but this is no small criminal

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#13

Post by matwood »

jmyeet wrote: post #7

Waste of time. Just buy a pardon [1][2][3][4][5]. [1]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps- ... [2]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps-... [3]: https://apnews.com/article/nikola-trevor-milton-fraud-trump-... [4]: https://www.bbc.com/news/articles/cz7e0jve875o [5]: https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-e...

Yeah, it's odd he can't scrape together a couple million and just get a pardon. It seems like the people who were able to pick up FTX claims for .50-.60 on the dollar, and have now made a killing, would toss Sam a tip.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#14

Post by vessenes »

jmyeet wrote: post #7

Waste of time. Just buy a pardon [1][2][3][4][5]. [1]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps- ... [2]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps-... [3]: https://apnews.com/article/nikola-trevor-milton-fraud-trump-... [4]: https://www.bbc.com/news/articles/cz7e0jve875o [5]: https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-e...

Trump reportedly was disinterested in SBF money. During his tenure, SBF leaned left - with Clinton and others as paid speakers for events.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#16

Post by benzible »

jmyeet wrote: post #7

Waste of time. Just buy a pardon [1][2][3][4][5]. [1]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps- ... [2]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps-... [3]: https://apnews.com/article/nikola-trevor-milton-fraud-trump-... [4]: https://www.bbc.com/news/articles/cz7e0jve875o [5]: https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-e...

He keeps trying: https://www.coindesk.com/policy/2026/06/08/sam-bankman-fried...

Hasn't succeeded yet, probably because he doesn't have the money, also too publicly associated with the Democratic Party. I wouldn't be shocked if Trump does it in the end because his empathy seems to be reserved for high-profile scammers.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#18

Post by dylan604 »

matwood wrote: post #13
jmyeet wrote: post #7

Waste of time. Just buy a pardon [1][2][3][4][5]. [1]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps- ... [2]: https://www.newyorker.com/magazine/2026/05/04/donald-trumps-... [3]: https://apnews.com/article/nikola-trevor-milton-fraud-trump-... [4]: https://www.bbc.com/news/articles/cz7e0jve875o [5]: https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-e...

Yeah, it's odd he can't scrape together a couple million and just get a pardon. It seems like the people who were able to pick up FTX claims for .50-.60 on the dollar, and have now made a killing, would toss Sam a tip.

Why would they? What would be the return for them?

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#19

Post by sbstp »

Lerc wrote: post #8

> In appealing against the conviction, Bankman-Fried’s defense lawyers argued that US district judge Lewis Kaplan, who oversaw the trial, improperly prevented Bankman-Fried from introducing evidence to back up his belief that FTX had enough funds to cover customer withdrawals. So it's been a few years now. Did people get their money in the end? That would presumably answer the question of whether they were stolen fro…

I think Kraken has been selected to redistribute the funds, but not sure if it has happened yet. These things take time, I think Mt. Gox took like a decade to be distributed

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#20

Post by xhkkffbf »

Lerc wrote: post #8

> In appealing against the conviction, Bankman-Fried’s defense lawyers argued that US district judge Lewis Kaplan, who oversaw the trial, improperly prevented Bankman-Fried from introducing evidence to back up his belief that FTX had enough funds to cover customer withdrawals. So it's been a few years now. Did people get their money in the end? That would presumably answer the question of whether they were stolen fro…

I think the victims were helped quite a bit by the runup in crypto assets. So even though some was lost, the run up in what was left ended up being quite a bit.
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