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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#611

Post by adhdguy »

richwater wrote: post #384
buitreVirtual wrote: post #333

Earlier quoted context omitted.

She must have known where the bailout money was coming from (FTX customer funds). Yet she accepted it. That makes her appear as complicit.

Beyond a reasonable doubt?

Let's assume there's no documentation or non-conspiring witnesses who can pin someone, but there are five co-conspirators. They will quickly turn on each other and spill the beans. Literally the prisoner's dilemma. All the government needs to do is threaten 20 years in prison. People will do anything including betraying friends and lovers to get that down to 5 or 10 or zero.

Re: SBF Arrested by Bahamian Authorities

#612

Post by hn_throwaway_99 »

user3939382 wrote: post #605
hn_throwaway_99 wrote: post #451

Earlier quoted context omitted.

> It’s not that everything’s a conspiracy, it’s that everything is corrupt. No, it's not, and this sentiment is what frustrates a lot of us. I'm in no way saying "the world is fair" or that money and power can't be influential, but, at least in the US, and at least for the time being, there are a lot of career law enforcement people who really just want to do a good job. Yes, these folks that do just want to do a goo…

> law enforcement In the US our corruption is out in the open, we enshrine our corruption into laws. Corporations have lobby groups that literally write the legislation Congress passes. If you think our system has integrity you’re just naive I’m sorry.

This nihilism is wrong, and exhausting.

Yes, corruption exists. Yes, there are bad actors. But this idea that "everything is corrupt, all the laws are corrupt, the whole system is corrupt" is just lazy bullshit.

Re: SBF Arrested by Bahamian Authorities

#613

Post by woodruffw »

notch656a wrote: post #596
woodruffw wrote: post #582

Earlier quoted context omitted.

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 woodr…

Nobody has torches out. I'm just pointing out that 'spaulding has made a strictly correct observation. You could have responded to it with an equally valid and interesting observation ("we have ample social evidence that criminalization is gendered"), but you chose to be inflammatory instead.

Re: SBF Arrested by Bahamian Authorities

#614

Post by mef »

TacticalCoder wrote: post #565
jusonchan81 wrote: post #481

So now I’m wondering who else will SBF take down with him. There is a pretty good chance he has knowledge of similar situations in Binance or Tether. This should be an interesting trial.

> I haven’t seen any evidence Alameda itself committed any crime Three very rich crypto millionaires (or billionaires?) have died mysteriously in the past weeks. One, 30 years old, in his sleep. One in a helicopter which blew (not far from where I live) after a mysterious passenger cancelled his flight at the last minute. And another one who drowned (after having tweeted that "they" were after him). If SBF has dirt o…

who?

Re: SBF Arrested by Bahamian Authorities

#615

Post by jcampbell1 »

singleshot_ wrote: post #564
jcampbell1 wrote: post #424

Earlier quoted context omitted.

There is zero chance she was offered a deal. She is cooperating voluntarily in hopes of leniency. Deals screw her credibility on the stand. She will negotiate a deal when all the cases are over.

This is not correct. Plenty of would-be defendants take deals to testify. Negotiating a deal after you testify is a ridiculous idea and if it has ever happened once, I would love to hear the story.

She is getting the leniency from the sentencing reform act of 1984 which is predicated on cooperation. No way prosecutors have given her a damn thing. Yes, many cases use snitches because that is the only way to win the case, but it is fraught with peril because of the obvious incentive to lie. Prosecutors avoid deals, and sentencing guidelines already provide for leniency for cooperation. When it is all over, they may, at their own discretion, decide not to pursue charges against her.

Re: SBF Arrested by Bahamian Authorities

#616

Post by csomar »

JumpCrisscross wrote: post #91

SBF's public conduct over the past weeks, and alleged conduct over the past years, reinforces an image of unintelligence. Be it genuine stupidity, stimulants or both, he isn't top-of-the-doghouse material. (Granted, easy to say ex post facto .) The elephants in the room are Binance and Tether, together with certain high-profile investors. Taking some of these out could likely be worth a plea bargain. (For optics, he…

He could be intelligent but distressed (who wouldn't?) or he could be just a front for more sinister people.

> Binance and Tether

Binance is the elephant in the room. They might have their finances in order, however. The fact that they were enabling shady deals doesn't mean they were cooking their own books. For Tether, I think it's more solid than you think. These guys have been cooperating with NYAG from day one.

Re: SBF Arrested by Bahamian Authorities

#617

Post by hn_throwaway_99 »

tru3_power wrote: post #585
hn_throwaway_99 wrote: post #443

Earlier quoted context omitted.

I'd take that bet 7 days a week and twice on Sundays. No way Ellison is getting off scot free. I'd expect her to get a huge reduction in her sentence, but would still be shocked if she got no jail time. It has been reported that there was a meeting that included SBF, Ellison and the other high ups at FTX where the decision was deliberately, explicitly made that Alameda would use customer funds to prop itself up. That…

Why were they so obsessed with keeping alameda afloat? Was it because if it died there would be no market maker big enough for FTX to run smoothly?

I posted a Twitter thread about this in an early story that I can look up that was super informative with a lot of detail, but the short of it is that it was all a house of cards based on FTT. If Alameda died, it would have tanked the value of FTT, which would have in turn killed FTX, because they were assigning huge value to FTT on their balance sheet (which is, in and of itself, insane because FTT worked more like a stock of FTX itself - a company doesn't put its own stock on the asset side of the balance sheet).

Re: SBF Arrested by Bahamian Authorities

#618

Post by adrr »

notdonspaulding wrote: post #522
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...

Justice is what happens when people are held accountable for the wrong things they've done. 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…

Justice should be blind in terms of punishment. Easy show systemic racism by looking at the number of African Americans in jail for drug offenses for drug when comparing across races. Drug use by race is relatively consistent in terms of percentage. I would consider that a big problem with our justice system.

Re: SBF Arrested by Bahamian Authorities

#619

Post by listenallyall »

stusmall wrote: post #194
hgdfhgdfhgdf wrote: post #180

Earlier quoted context omitted.

- 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

"But he would offer only limited details about the central questions swirling around him: whether FTX improperly used billions of dollars of customer funds to prop up a trading firm that he also founded, Alameda Research. The Justice Department and the S.E.C. are examining that relationship." Covers the first two. They refer to how intermingled they were several times. Its a major point of the article. "He lived in a…

Singer-songwriter, and former free medical clinic employee Charles "Charlie" Manson, who wrote at least one song eventually recorded by the Beach Boys, died earlier today.

Despite not being present at the scene of any of the crimes, Manson, a victim of America's "cradle-to-prison pipeline" starting at age 5 when his parents were both incarcerated, and was allegedly raped at a reform school, was convicted on seven charges of first-degree murder. The prosecutors also conceded that Mr. Manson never directly instructed anybody to commit the murders, yet he was sentenced to death.

Manson, who earned a following preaching a unique, persuasive self-made philosophy based partly on the Bible, Dale Carnegie and the Beatles, has remained as perhaps the most popular and controversial criminal in the United States in the 20th Century.

Re: SBF Arrested by Bahamian Authorities

#620

Post by adasdasdas »

dheera wrote: post #428
adasdasdas wrote: post #389

Earlier quoted context omitted.

FTX is a brokerage not a bank. Furthermore, banks have strict regulations on the kinds of loans they are allowed to give. Also, bank accounts are secured by FDIC.

OK sure so the FDIC can just insure FTX then. Other brokerages lend out their spare cash without your consent, too. It's not really any different other than that law has (rather arbitrarily) decided to protect one and not the other.

The fdic is not a law, its a self sufficient insurance company that banks pay premiums to.
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