where is caroline?
SBF Arrested by Bahamian Authorities
251–260 of 886 posts
Re: SBF Arrested by Bahamian Authorities
#252Honestly, one of my concerns is that a figure like SBF has one similarity with Jeffrey Epstein - both was/are highly connected individuals. I fear waking up one day to the sudden reveal of SBF's "long hidden battle with depression", before a strange last-minute relocation, then another strange event, then...
My gut feeling is that SBF won't rat-out any corruption that goes way up to the stratosphere of US politics, and instead will try to go for a deal, perhaps even help with investigations into Binance etc., however my concern is another time where we don't get true justice (the facts become public knowledge, fair trial, etc.).
Next few weeks and months are going to be interesting, I think.
EDIT: Some downvotes, so just wanted to elaborate: Nowhere did I say that the alleged criminal acts of SBF of JE are "comparable". To say that is an extremely gross and unfathomable misunderstanding of what I was saying.
I am comparing their involvement with politics and political figures (unequivocally), and noting how both have either alleged or proven to have been involved in illegal activity. I feel like it's a pretty important and note-worthy point to make, but YMMV.
However, I understand that my wording could have made that more clear for everyone. I apologise for that. Sorry.
Re: SBF Arrested by Bahamian Authorities
#253Inevitable, but a lot of talking heads used the delay after FTX's collapse to sow doubt about corruption, media failure, etc. Feds were probably gathering evidence from Day 1, and the restructuring CEO seems to have found it: https://docs.house.gov/meetings/BA/BA00/20221213/115246/HHRG...
I skimmed the entire document and didn’t see any new information and in particular i didn’t see any evidence of a particular crime that could be pinned on SBF, other than negligence. (I’m sure he’s guilty of many crimes, i just didn’t see new evidence in this document)
Re: SBF Arrested by Bahamian Authorities
#254Alright, 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.
What I found funny about that kind of attitude is less the conspiratorial mindset but more the weirdly gullible perception of the world of crime.
People who are willing to be bribed generally tend to lack integrity and loyalty, so if you ever think that handing a corrupt person money is going to protect you once you turn from an asset into a liability with no leverage, stay out of that world. Which is probably what SBF thought too, which is why he was a really shoddy political operator and white collar fraudster with a very short lifespan.
Re: SBF Arrested by Bahamian Authorities
#255Earlier quoted context omitted.
> Maybe this was the only way to ensure he testified Nope, it doesn't make any sense to arrest him if the goal was to force him to testify in front of congress. Once he is placed under arrest then I'm pretty sure the house cannot make him testify if he is in custody, he becomes at the mercy of a judge and I imagine bail conditions will not allow him to talk in public about the case either.
> Once he is placed under arrest then I'm pretty sure the house cannot make him testify if he is in custody. I think they can since they have vast subpoena power. SBF, however, can plead the 5th -- which would make it nothing more than a TV spectacle.
I'd love to see a TV spectacle of him pleading the 5th in an orange jumpsuit.
Re: SBF Arrested by Bahamian Authorities
#256Earlier quoted context omitted.
Arrested is great progress. Now lets see him convicted and sentenced, and ideally not allowed to suicide his way out of the process.
That’s moving the goalposts
What? Wherever you put your goalpost, my goalpost was always wanting to see this guy convicted and imprisoned. That's the goalpost that actually matters when you're talking about the prosecution of criminals.
Re: SBF Arrested by Bahamian Authorities
#257Also the enforcers are compromised including SEC chairman Gary Gensler
https://www.foxbusiness.com/markets/sec-chairman-gary-gensle...
https://www.dailymail.co.uk/news/article-11438875/Questions-...
https://moguldom.com/427483/is-sec-chair-gary-gensler-compro...
Re: SBF Arrested by Bahamian Authorities
#258Earlier quoted context omitted.
That’s equivalent to saying if a bank goes insolvent you should’ve had your money in a safe at home. For crypto yes you can have a hard wallet, but it can still be stolen from you without anyone physically touching your hard wallet. I don’t and won’t see the appeal for crypto until it has a killer app that people NEED to use for another reason than “I can get rich quick”
Are you suggesting SBF would have physically stolen from millions of different human beings? How?
No but with these exchanges collapsing I keep seeing the argument that it people kept everything in a soft or hard wallet then everything would be OK. I disagree with that premise for the reasons prior. Also in the case of Luna and many others their coins are effectively worthless.
Re: SBF Arrested by Bahamian Authorities
#259Having "Wirefraud" as the name of your group chat on Signal is something that the prosecutors are going to love when proving intent...
He will go with the "it was just a joke" defense
Re: SBF Arrested by Bahamian Authorities
#260Inevitable, but a lot of talking heads used the delay after FTX's collapse to sow doubt about corruption, media failure, etc. Feds were probably gathering evidence from Day 1, and the restructuring CEO seems to have found it: https://docs.house.gov/meetings/BA/BA00/20221213/115246/HHRG...
How/why is this dated December 13, 2022?