Future federal reserve chair Caroline Ellison.
Only after she finishes filming the next Lord of The Rings trilogy.
Precious?
SEC obtains final consent judgments against former FTX and Alameda executives
61–70 of 102 posts
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#62Yes she cooperated and pleaded early, but damn, she got off easy compared to SBF.
Well running an investment firm into the ground is more legal than using deposited funds in an exchange to bail out an investment firm that is being run into the ground.
No. Alameda and FTX were the same company, in the end. Co-mingled, and no separate governance. Legally speaking, all of the inner circle people ran both companies, and they all knew about the crimes.
The difference is the plea deal.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#63Earlier quoted context omitted.
From Trump's POV, $1 million is probably not worth the ensuing backlash. FWIW, prediction markets don't seem to believe he will be pardoned either[0]. [0] https://polymarket.com/event/who-will-trump-pardon-before-20...
It is disappointing to me that people can look at the list of infamous people he has already pardoned, who have paid him, and then expect that he won't continue acting on trend, just because some shallow-book manipulable prediction market, which is primarily a money laundering tool for event fixers, tells us that it's "not likely".
I think that because of my own judgment, not because the market told me. Also, it seems unlikely that someone would burn money to manipulate this market as there's nothing to gain from it.
By the way, Trump literally said he won't pardon SBF[0]. It seems money is not the only factor he considers when handing out pardons.
[0] https://finance.yahoo.com/news/trump-not-pardon-sam-bankman-...
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#64Earlier quoted context omitted.
From Trump's POV, $1 million is probably not worth the ensuing backlash. FWIW, prediction markets don't seem to believe he will be pardoned either[0]. [0] https://polymarket.com/event/who-will-trump-pardon-before-20...
Wha backlash? Trump pardoned a Honduran ex-president convicted of smuggling tons of drugs, right in the midst of using the military to bomb boats for unproven drug smuggling, and kidnapped Maduro presumably because of drugs too (or was it oil?). Zero repercussions except for futile anger from internet weirdos like me. This administration seems to relish getting away with things that would destroy any other presidency…
The backlash was relatively mild because few of his supporters personally see themselves as victims of the Honduran ex-president. That's very different from SBF—almost everyone who invested in crypto at the time hates him, not to mention the actual FTX customers.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#65Earlier quoted context omitted.
Wha backlash? Trump pardoned a Honduran ex-president convicted of smuggling tons of drugs, right in the midst of using the military to bomb boats for unproven drug smuggling, and kidnapped Maduro presumably because of drugs too (or was it oil?). Zero repercussions except for futile anger from internet weirdos like me. This administration seems to relish getting away with things that would destroy any other presidency…
The backlash was relatively mild because few of his supporters personally see themselves as victims of the Honduran ex-president. That's very different from SBF—almost everyone who invested in crypto at the time hates him, not to mention the actual FTX customers.
Everybody hates Trump, he's the least popular president ever.
Unless these crypto folks have massive money and are using it right now to pay Trump tk not pardon SBF, what would they do? What backlash could crypto do? It's not like he can unpardon Trump. Crypto just joins the long line of people who fell for it again and nothing happens.
What, is a Republican going to vote against Trump? Hah! Impeachment? What trouble could crypto cause for Trump? Even if they could cause trouble, Trump would just make up charges and send the DOJ after crypto.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#66Earlier quoted context omitted.
Well running an investment firm into the ground is more legal than using deposited funds in an exchange to bail out an investment firm that is being run into the ground.
No. Alameda and FTX were the same company, in the end. Co-mingled, and no separate governance. Legally speaking, all of the inner circle people ran both companies, and they all knew about the crimes. The difference is the plea deal.
They were legally the same?
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#67Earlier quoted context omitted.
It turns out sentencing cares whether you’re cooperative and contrite or you stand by having done nothing wrong.
...the primary effect of which is that fewer than 4% of criminal cases go to trial, and our prison, parole, and probation systems are full of people who pled to crimes they did not commit, and poison trees of evidence are intentionally and ruthlessly planted without challenge or consideration by a jurist.
The majority of cases don’t go to trial because the majority of cases are hopeless for the defendants.
Law-abiding citizens wouldn’t have a 50% recidivism rate.
While it’s admirable to push back against the state, not all defendants earn our sympathy in their plight.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#68Earlier quoted context omitted.
The backlash was relatively mild because few of his supporters personally see themselves as victims of the Honduran ex-president. That's very different from SBF—almost everyone who invested in crypto at the time hates him, not to mention the actual FTX customers.
Everybody hates Trump, he's the least popular president ever. Unless these crypto folks have massive money and are using it right now to pay Trump tk not pardon SBF, what would they do? What backlash could crypto do? It's not like he can unpardon Trump. Crypto just joins the long line of people who fell for it again and nothing happens. What, is a Republican going to vote against Trump? Hah! Impeachment? What trouble…
I mean, even his own son would probably be pissed at him. Not to mention pretty much everyone in his crypto entourage, which is a lot of people.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#69Earlier quoted context omitted.
...the primary effect of which is that fewer than 4% of criminal cases go to trial, and our prison, parole, and probation systems are full of people who pled to crimes they did not commit, and poison trees of evidence are intentionally and ruthlessly planted without challenge or consideration by a jurist.
The majority of cases don’t go to trial because the majority of cases are hopeless for the defendants. Law-abiding citizens wouldn’t have a 50% recidivism rate. While it’s admirable to push back against the state, not all defendants earn our sympathy in their plight.
>Law-abiding citizens wouldn’t have a 50% recidivism rate.
What if being incarcerated has an affect on this value?
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#70Earlier quoted context omitted.
No. Alameda and FTX were the same company, in the end. Co-mingled, and no separate governance. Legally speaking, all of the inner circle people ran both companies, and they all knew about the crimes. The difference is the plea deal.
They were legally the same?
They = the people? Not precisely. Each of the perpetrators did certain things, agreed to certain things, and knew things at certain times. But I was responding to the notion in the parent that CE was just "running an investment firm" whereas SBF was running a company doing different stuff. It turned out to be all one co-mingled entity, contrary to how it was marketed. One company, and all of the main perpetrators knew things about both sides.