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.
Arrested is great progress. Now lets see him convicted and sentenced, and ideally not allowed to suicide his way out of the process.
SBF Arrested by Bahamian Authorities
521–530 of 886 posts
Re: SBF Arrested by Bahamian Authorities
#522Earlier quoted context omitted.
Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.
93% of prisoners are men[1], so it's pretty common that women do not face justice. [1] https://www.bop.gov/about/statistics/statistics_inmate_gende...
Nothing about justice requires that punishment be meted out in strict accordance with the demographic breakdown of a population except insofar as wrong things are done in strict accordance with the same demographic categories.
Maybe you're assuming that to be the case, but I don't think you'll find any evidence to support such a claim.
Re: SBF Arrested by Bahamian Authorities
#523Earlier quoted context omitted.
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.
Can you explain what makes this so clear?
Re: SBF Arrested by Bahamian Authorities
#524Earlier quoted context omitted.
Just because a country doesn't have an extradition treaty doesn't mean it won't extradite on a case by case basis. The vast majority of countries are signed on to at least one international treaty that covers extradition like the United Nations Convention against Corruption. 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 ha…
IMHO what would determine whether or not he was extradited from one of those countries is not various treaties but how much cash he brought with him.
If he had simple fraudulent intent (i.e. personal enrichment at the expense of customers), he would have had a plan. One that included adequate cash socked away in appropriate locations. Something much more well-thought out than "a US-friendly island 2 hrs by plane from SDNY".
Re: SBF Arrested by Bahamian Authorities
#525Earlier quoted context omitted.
Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.
93% of prisoners are men[1], so it's pretty common that women do not face justice. [1] https://www.bop.gov/about/statistics/statistics_inmate_gende...
2) That's not how logic works. Correlation does not equate to causation.
Re: SBF Arrested by Bahamian Authorities
#526Earlier quoted context omitted.
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.
Quoted post unavailable.
Re: SBF Arrested by Bahamian Authorities
#527Earlier quoted context omitted.
Holmes got 11 years in Federal prison for her first offense for financial crimes.. that is a long sentence. SBF obviously won’t get life behind bars, nor should he.
Yes 11 years is a long time to be imprisoned however I think it was in the low end of what she could have gotten which is why people say she didn't get a long sentence.
Federal sentencing is actually really easy to predict. You can almost always ignore the proclamations of “could be 130 years” since those are often only for serious repeat offenders and tons of sentencing enhancements.
Skip down to the process part of this post:
https://prisonprofessors.com/calculating-holmes-prison-sente...
Once we know what SBF is going to be charged with, we’ll know what his eventual sentencing range will be if he’s convicted. For all of the conspiracy theorizing and dramatics, it boils down to a very boring sentencing chart.
Re: SBF Arrested by Bahamian Authorities
#528Earlier quoted context omitted.
Yes, I think the government absolutely will try and it's quite probable they will succeed. But why not offer human beings the _chance_ to flee tyranny with their livelihood? Consider jews fleeing Nazi Germany. Should they have been allowed to escape with their assets? Would the world be a better place had they been able to?
How about we create better systems for refugees to gain access to safety and citizenship instead of consigning them to a rickety shadow financial system? Are you putting this much energy into, say, opposing border walls and supporting marginalized communities?
Your argument that crypto is consuming too much opportunity cost is completely valid.
But why fight against something that offers hope for the misfortunate?
Re: SBF Arrested by Bahamian Authorities
#529Earlier quoted context omitted.
93% of prisoners are men[1], so it's pretty common that women do not face justice. [1] https://www.bop.gov/about/statistics/statistics_inmate_gende...
Would need to have more information before coming to such a conclusion, such as the proportion of crimes committed by men vs women, the types of crimes committed by men vs women, etc.
Re: SBF Arrested by Bahamian Authorities
#530The probabilty that it's hubris, stupidity or privilege (all suggested in these comments) causing these interviews is less close to 1 than the probability it's a tactic to portray himself as a distracted lunatic with no notion of what happened under his watch.