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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#711

Post by zarzavat »

lovehashbrowns wrote: post #329
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…

My opinion is that it's all faux stupidity. I think his whole "I really didn't know what was going on" spiel is going to fall apart quickly in court. Anyone with a couple brain cells to rub together would know to shut the hell up. He seems desperate enough to try lying and manipulating his way out of hot water. That's what his whole media tour has been about. He's not giving interviews to people that will give him to…

He’s even more stupid than the stupid guy he pretends to be. What kind of criminal talks to the media about their crime before their trial?

The fact that he’s done this would give his stupid guy story credence... if there wasn’t already a boatload of other evidence that he’s a conman.

Re: SBF Arrested by Bahamian Authorities

#712

Post by alwayslikethis »

bbddg wrote: post #438
siftrics wrote: post #297

Earlier quoted context omitted.

Quoted post unavailable.

You think the government won't take your Bitcoin?

To take your bitcoin (or monero) they will actually have to show up to your door with weapons. This is much more expensive and prone to failure for the government or other authorities than simply freezing your assets on a bank.

Note: I am aware that they can blacklist bitcoins and trace them nearly perfect nowadays, which can make them somewhat useless even if you still own them. With Monero, this is made far more difficult.

Re: SBF Arrested by Bahamian Authorities

#713

Post by iancmceachern »

Zircom wrote: post #574
piyh wrote: post #532

Earlier quoted context omitted.

Most crime is committed by men too

Most crime that we have records for to use for studies is committed by men you mean. Who is to say how much crime by women goes unreported and uninvestigated, and therefore has no presence in our statistics.

Yeah but it's not as if there is this huge epidemic of underreported or uninvestigated crimes committed by women. This doesn't account for the statistical difference.

Re: SBF Arrested by Bahamian Authorities

#714

Post by andreareina »

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…

All the separate companies plus the code that hid transactions speak to much of the conduct being intentional, no?

Re: SBF Arrested by Bahamian Authorities

#715

Post by iancmceachern »

It's not even as if he was good at it, the scamming. It's like a three stooges, slapstick approach to financial fraud. He went to MIT for God's sake, he could have done something positive and meaningful with his life but instead chose this. So much opportunity cost lost here, we could have built a few bridges and rail lines, done real work with the money he burned.

Re: SBF Arrested by Bahamian Authorities

#716

Post by fasthands9 »

MisterMower wrote: post #554
fasthands9 wrote: post #94

Earlier quoted context omitted.

Yeah but that was a very shitty prediction. It appears the charges filed were by SDNY which if anything is known for being anti-Trump. Essentially a bunch of democrat appointed attorneys arrested him.

Not surprising, I’m sure they want to run the investigation to ensure they can run damage control and keep the most implicating evidence out of the public eye.

Is there any evidence that would convince you that you are wrong? Was your prediction last week that this would happen - or did you predict he wouldnt be charged?

I personally do not think the Dems care about a broke crypto dude who can contribute nothing to them and didnt exist 3 years ago.

Re: SBF Arrested by Bahamian Authorities

#717

Post by LunaSea »

crystaln wrote: post #570
Galanwe wrote: post #536

Earlier quoted context omitted.

I think you grossly underestimate the amount of regulation Caroline is subject to. At the very least she will be deemed unfit or proper, which means she will be barred from any financial activity for the years to come. On top of that, as a MOO & RO she will be professionally and personally liable to millions in fines, and most likely jail time. Negligence _is_ a crime, a lack of means _is_ a crime, a lack of knowledg…

She was in charge a hedge fund. Hedge funds are allowed to trade badly and lose money. It happens all the time. There is a VERY high bar for negligence. Alameda Research was also located in the Bahamas. Did Alameda even have outside investors? It was basically SBF's family office. Caroline isn't likely to be liable for much unless she knowingly conspired to commit crimes.

If they traded in dollars it's probably already enough.

Re: SBF Arrested by Bahamian Authorities

#718

Post by rjbwork »

walkon wrote: post #666
rjbwork wrote: post #34

Earlier quoted context omitted.

You're right. I was thinking of the 3 months between the arrest and the sentencing, not the collapse and arrest. You'll have to forgive a memory 13 years hence. ;)

Consider an edit to your post since it’s at the top?

Can't edit after like 10 minutes, unfortunately.

Re: SBF Arrested by Bahamian Authorities

#719

Post by sigstoat »

dmix wrote: post #669
tempsy wrote: post #664

Earlier quoted context omitted.

I mean obviously receipts help. and SBF didn’t admit to any intentional wrongdoing publicly. I’m sure he was more truthful in private signal or telegram chats amongst executives

Besides there's a very extensive history of state procescutors offering deals to co-conspirators early on. Even in obvious sure things they've sided on the safest possible option. It probably reflects the inherent risk-aversion that comes with a gov lawyer job. A more balanced tolerance to risk is often missing from much of gov policy making. Probably has a lot to do with people who care more about highly visible and…

> It probably reflects the inherent risk-aversion that comes with a gov lawyer job.

there are long term benefits to encouraging conspirators to defect early and often, even if you don't strictly require them in a given case.

Re: SBF Arrested by Bahamian Authorities

#720

Post by HPMOR »

iancmceachern wrote: post #715

It's not even as if he was good at it, the scamming. It's like a three stooges, slapstick approach to financial fraud. He went to MIT for God's sake, he could have done something positive and meaningful with his life but instead chose this. So much opportunity cost lost here, we could have built a few bridges and rail lines, done real work with the money he burned.

Money is literally just a number, a fiction. What we must mourn is the expenditure of time of brilliant engineers and people, that wasted their productive years on this foray. However, humans waste tons of time... even the most intelligent among us. I would not say this is a tragedy of great sorts, and for a guy who was working at Jane Street, I don't think SBF would see this as an opportunity cost... it's more like he played the game and lost. Lost badly.
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