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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#591

Post by scythe »

jasonhansel wrote: post #261
johnfn wrote: post #15

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.

I remember a lot of people strongly believed that SBF would never get in trouble because he was a Democratic donor, and that this was all part of some vast corruption scandal. It turns out not everything is a conspiracy.

He's only a useful donor if he's super-rich. He might have walked away with a couple million assuming no prosecution, but regardless of what the media/politicians might think, his name is mud on Wall Street. That means he can't bankroll campaigns anymore.

Re: SBF Arrested by Bahamian Authorities

#592

Post by lvass »

chinathrow wrote: post #21
johnfn wrote: post #15

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.

No, look forward and get Binance and the Tether guys.

Don't we all love some bank runs and stupid bagholders losing all their money? Specially if they had some magic beans we dislike. It's good for fiat. /s

Re: SBF Arrested by Bahamian Authorities

#593

Post by NhanH »

jasonlotito wrote: post #488
_-david-_ wrote: post #475

Earlier quoted context omitted.

A guy who quite likely stole billions of dollars can't prove he donated money to Republicans and we should just trust him?

They are public record.

Public record showed that he is #2 individual donor to Democrats. He claimed that he also donated a similar amount to Repulicans via "dark channel" or something like that, so no record, let alone public.

Re: SBF Arrested by Bahamian Authorities

#594

Post by [deleted] »

cgy1 wrote: post #508
yucky wrote: post #500

Earlier 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.

[deleted]

Re: SBF Arrested by Bahamian Authorities

#595

Post by jonny_eh »

mancerayder wrote: post #530

His parents are law professors, themselves with hundreds of millions they must have gained from their son's activities. We know that they have at least 10s of millions of dollars in real estate to their names. The 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 lunati…

> hubris, stupidity or privilege

Narcissism, there's a lot of that going around these days.

Re: SBF Arrested by Bahamian Authorities

#596

Post by notch656a »

woodruffw wrote: post #582
notch656a wrote: post #547

Earlier quoted context omitted.

Exactly. If black people disproportionately are in prison, maybe that's just justice.

This is called "affirming the consequent."

Exactly. If men are disproportionately in prison, maybe that isn't justice.

Why is it ok for 'spaulding to just shut down the argument as "nothing about justice requires that punishment be meted out in strict accordance with demographic breakdown" but suddenly a fallacy when I insert an actual demographic? I knew it would make people upset because well if we're talking about men then no defense is necessary, no woodruffw to the rescue with "affirming the consequent", but if black people cue up the folks with the torches.

Re: SBF Arrested by Bahamian Authorities

#597

Post by yucky »

piyh wrote: post #532
yucky wrote: post #500

Earlier 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...

Most crime is committed by men too

This same argument is used to dispute the racial disparities in the justice system.

Is the explanation right in this case but wrong in that. Right in both? Wrong in both?

Re: SBF Arrested by Bahamian Authorities

#598

Post by greenyoda »

Some news on what he's being charged with:

> Damian Williams, the U.S. Attorney for the Southern District of New York, said on Twitter that the federal government anticipated moving to “unseal the indictment in the morning.” The charges include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering, according to the New York Times, citing a person familiar with the matter.

> Meanwhile, the Securities and Exchange Commission has initiated a separate set of charges against Bankman-Fried, relating to “violations of our securities laws, which will be filed publicly tomorrow in the Southern District of New York,” enforcement director Gurbir Grewal said in a statement.

Source: https://www.cnbc.com/2022/12/12/ftx-founder-sam-bankman-frie...

Re: SBF Arrested by Bahamian Authorities

#599

Post by iudqnolq »

mbreese wrote: post #534
iudqnolq wrote: post #420

Earlier quoted context omitted.

What you've described is also consistent with her asking the DOJ for a deal and then being laughed out of the room.

But DOJ would have needed someone who had the receipts (who could also explain it all) to be able to act this quickly. So, in this case, I think it's a reasonable theory (but not the only viable one). Maybe part of the urgency was also the planned congressional testimony.

> But DOJ would have needed someone who had the receipts (who could also explain it all) to be able to act this quickly.

Citation needed? I'm not a lawyer, but it seems plausible to me that SBF's public admissions of crimes, plus the full records of his company, are sufficient.

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