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Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

theguardian.com

71–77 of 77 posts

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#71
post #13

Earlier quoted context omitted.

Yeah, it's odd he can't scrape together a couple million and just get a pardon. It seems like the people who were able to pick up FTX claims for .50-.60 on the dollar, and have now made a killing, would toss Sam a tip.

Why would they? What would be the return for them?

Nothing is in it for them. It’s why I called it a tip - like tipping your blackjack dealer when you have a good run.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#72

Earlier quoted context omitted.

> He stated he also secretly donated to the right Convenient!

I mean, he gave his rationale why it wasn't public. He was a calculating, manipulative dude who was super PR-savvy and knew how to cultivate press and hype. His entire unruly hair, driving a 2010 Corolla and gaming-while-pitching-VCs thing were all components of the neurodivergent genius savant branding. Look at some of own statements: > Kelsey Piper: so the ethics stuff - mostly a front? people will like you if you…

Sure. But he’s also a pathological liar. It’s convenient that when GOP donations become useful to him, he made a bunch of them secretly. (Which would also put every campaign he gave to in violation of campaign-finance law.)

Put simply, I’m calling bullshit. He didn’t do this and then lied about it. I’m calling it a “hidden, poorly internally labled ‘fiat@’ account.”

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#73
post #56

Earlier quoted context omitted.

>Loss of freedom is ultimately what will reform a criminal, if reform is possible. I don't believe that is correct. In fact there's pretty good research to suggest that custodial sentences inrcease recidivism. This does not really apply to the SBF case, but I shall elaborate for the general case. There are far more burglars in their 20's than in their 50's. The predominant characteristic amongst people over the age o…

> the single most reliable way to reform a criminal is to let them get older without going to jail I think it’s just getting older. If they’re a recivifism risk, locking them up until they’re older can be argued to serve the public good. If they’re not, you’re right, don’t jail them. The argument is essentially against short prison sentences; either find another way to punish or commit to locking them up until they’r…

I don't think that is supported by the evidence. A custodial sentence can counteract any benefits of age because it isn't the age itself that matters, it's the increased life experience.

Subjecting people to a fairly brutal environment for that time provides a completely different set of experiences.

The long standing dichotomies of crime management is whether reduced crime is more, or less important, than justice. On top of this is is punishment retribution, deterrent, rehabilitation, or mere isolation.

Many people disagree on these points. Some refuse to acknowledge the possibility that some of the goals might be in conflict.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#74
post #73

Earlier quoted context omitted.

> the single most reliable way to reform a criminal is to let them get older without going to jail I think it’s just getting older. If they’re a recivifism risk, locking them up until they’re older can be argued to serve the public good. If they’re not, you’re right, don’t jail them. The argument is essentially against short prison sentences; either find another way to punish or commit to locking them up until they’r…

I don't think that is supported by the evidence. A custodial sentence can counteract any benefits of age because it isn't the age itself that matters, it's the increased life experience. Subjecting people to a fairly brutal environment for that time provides a completely different set of experiences. The long standing dichotomies of crime management is whether reduced crime is more, or less important, than justice. O…

> it isn't the age itself that matters, it's the increased life experience

I’ll track down the paper, but I don’t think this is true. Older people are just less criminally inclined. Across the board.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#75

Earlier quoted context omitted.

"Sam Bankman-Fried was one of the largest financial supporters of the Democratic Party and left-wing campaigns. He publicly cultivated a center-left persona and aligned his philanthropic efforts with progressive ideologies." Src: https://www.brennancenter.org/our-work/analysis-opinion/geor...

I think it would be prudent to disengage democrats from being 'left wing'. There is certainly a progressive wing of the democratic party, but none of those are the people he donated to. After all, this is the Democratic Party that a couple years ago during election season were trying to get George Bush and Dick Cheney to come to Kamala's rally. He also secretly donated significant amounts of money to republicans (sel…

If everything is so secret then I'm confused why were discussing it. All this "secret" stuff is coming from a convict in a prison cell?

Tbis is a guy who believes in Effective Altruism. Thats not progressive thats a hard left turn. Especially when the road to get there is commiting crines.

Re: Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

#77
post #19

Earlier quoted context omitted.

I think Kraken has been selected to redistribute the funds, but not sure if it has happened yet. These things take time, I think Mt. Gox took like a decade to be distributed

They did, I had something like $50 in FTX and I got it back. I don’t remember when, I think it was about a year ago.

They refunded + 20% interest people with less than $50k. The larger investors will take longer.
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