I'm curious if anyone has any idea - how much money is actually unaccounted for? Michael Lewis's book makes it seem like the money existed, but was all over the place, and that by the time all was said and done, they were basically in the black. But that was assuming investments didn't ever grow - they still had to have lost money somehow.
FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
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Re: FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
#12Re: FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
#13I'm curious if anyone has any idea - how much money is actually unaccounted for? Michael Lewis's book makes it seem like the money existed, but was all over the place, and that by the time all was said and done, they were basically in the black. But that was assuming investments didn't ever grow - they still had to have lost money somehow.
For a multitude of reasons, Lewis is an unreliable narrator...
Re: FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
#14I'm curious if anyone has any idea - how much money is actually unaccounted for? Michael Lewis's book makes it seem like the money existed, but was all over the place, and that by the time all was said and done, they were basically in the black. But that was assuming investments didn't ever grow - they still had to have lost money somehow.
So, account holders might get something approaching the dollar value of what they held two years ago, not what they "should" have got if they still held it today.
Re: FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
#15Seem too lenient
Re: FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
#16Earlier quoted context omitted.
He will get out much sooner.
So if he's sentenced to 40 years in federal court ... (this is federal court, right? I forgot) Fed doesn't do parole. Best you can get typically is time for good behavior for like 15% reduction in length. But there's a good chance he doesn't get sentenced to 40 years, that's just what the prosecutor asks for. We dunno yet.
Re: FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
#17Re: FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say
#18I'm curious if anyone has any idea - how much money is actually unaccounted for? Michael Lewis's book makes it seem like the money existed, but was all over the place, and that by the time all was said and done, they were basically in the black. But that was assuming investments didn't ever grow - they still had to have lost money somehow.
My understanding is that the money is "back", but only because the Crypto holdings were frozen at the point of bankruptcy and the crypto prices have more than doubled since then. So, account holders might get something approaching the dollar value of what they held two years ago, not what they "should" have got if they still held it today.