191–200 of 886 posts
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The NYT profiling him as a well-meaning genius who was so focused on fixing climate change and education that he just overlooked a few things at his company, gosh darn it.
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> It didn’t all go to him buying Lamborghinis Beachfront properties, random companies, journalists... but no Lamborghinis. Got it.
Just a note, if it's The Block, he allegedly paid off the CEO, not the journalists who write there. It's a meaningful distinction. The CEO is a business officer, the EIC would be the one directing content.
That case is even murkier, but the intent seems clear.
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I can't imagine why he wouldn't flee. If i was committing ~9 figures worth of fraud, I would have huge stashes of 1oz gold bars buried in countries without extradition like Vietnam and venezuela. He seems like he had no exit plan thought up. Madoff got 150 years in prison, and i dont see any reason why SBF would get any less.
According the US Dept of State[0], Venezuela has an extradition treaty with the US, apparently since 1923. All North and South American countries do. All Caribbean countries too. Even Cuba. Parts of Africa and Asia look pretty safe. Madagascar is nice this time of year. 0. https://2009-2017.state.gov/documents/organization/71600.pdf
People like Ghosan are safe because they flee to countries that won't extradite their own nationals as a matter of long standing policy. They have no problem extraditing troublemakers from other nations, especially under international pressure.
See Vietnam's latest extradition for example [1], which doesn't have an extradition treaty with the US and they aren't even on the best of terms. The only way they could get away in Madagascar is if the authorities there didn't have the resources to capture them - a small promise of USAID from the State department would be enough to put extradition on the table.
[1] https://hanoitimes.vn/vietnam-us-cooperate-to-extradite-amer...
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I've seen a few people say that was a puff piece. I thought it made him look bad and covered the accusations of fraud. What are folks looking for? A headline directly calling him a villain? Ha, After typing this I went to double checked my memory of the article. They literally refer to him as a villain in the first paragraph. Even my hyperbole can't stand up.
- They didn't call out the conflict of interest between FTX and Alameda - No question about commingling funds between FTX and Alameda - No question about his relationship with Alameda's CEO - No mention of the tweets he deleted
Covers the first two. They refer to how intermingled they were several times. Its a major point of the article.
"He lived in a five-bedroom penthouse in the Albany resort’s Orchid building, with Ms. Ellison, Mr. Singh, Mr. Wang and six others. Mr. Bankman-Fried and Ms. Ellison were at times romantically involved, two people said." This covers point 3
It didn't mention the deleted tweets though but that's minor compared to everything else. Are we talking about different articles? This is the one I normally see people complaining about from them: https://www.nytimes.com/2022/11/14/technology/ftx-sam-bankma...
Hopefully we will see this as a powerful turning point, heralding an end to cryptocurrency, with all its false promises of financial utopia. Turns out it was nothing more than a series of scams, and the ensuing court cases will prove this beyond a shadow of a doubt. This entire edifice will come crumbling down, and take this entire sordid industry with it. One can hope.
Depositors were stolen from because they did not self-custody.
You can't take someone else' funds on a blockchain, except by physical threat or profound custodial negligence.
Much sooner than I expected. Figured it'd be a couple of years before the AG was secure enough in their case to bring charges. This is MUCH faster than Madoff or Holmes. Then again, he's been much more out in the open about everything. He pretty much laid the prosecution's case out to the public for them.
It's clear Caroline Ellison has turned against him. Stephanie Avakian, former SEC enforcement chief, is representing her in NY. I'm guessing they wouldn't have been able to file charges this quickly without Caroline becoming a cooperating witness.
Alright, well, now that that's done - let's go find all those people in the past threads who were saying things like SBF will never be arrested.
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It's clear Caroline Ellison has turned against him. Stephanie Avakian, former SEC enforcement chief, is representing her in NY. I'm guessing they wouldn't have been able to file charges this quickly without Caroline becoming a cooperating witness.
Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.
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No, look forward and get Binance and the Tether guys.
What did Binance do wrong again? I don’t consider having faulty blockchain analysis software at a time (2018) when most blockchain analysis software wasn’t very good a crime. And the Iranians they supposedly aided all used VPNs and hid the fact that they were Iranian. I think the best the government will get out of Binance is a DPA but that’s just me.
https://www.cnbc.com/2022/12/12/us-doj-is-split-over-chargin...
But as a counterpoint, if they couldn't create AML controls for their exchange, they shouldn't have existed -- at least not until they built it.