791–800 of 886 posts
As an aside, isn't it a little weird for a legal document such as this to use his initials over something more formal like "Mr Bankman-Fried"?
It's not a legal document, it's a press release. There will be legal documents involved in the arrest but we're unlikely to see them.
Having "Wirefraud" as the name of your group chat on Signal is something that the prosecutors are going to love when proving intent...
Chat was named “the cartel”
Ended up being a slap on the wrist and the public collectively forgot the largest financial scandal in history happened.
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> 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.
Where would they have gotten the full records? Or been able to know where to look in the records? Forensic accounting takes time (even if the records are as bad as alleged). To me, this suggests someone on the inside helping to build a case. Federal cases can take years to build because they are usually very thorough. Going from collapse of the company to extradition request in the course of weeks seems really fast t…
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Bernie Madoff sat on SEC advisory committees and was the onetime chairman of Nasdaq.
Madoff's scam was so baffling because his contributions to finance before that were legendary. He practically invented modern market making but his firm and others following in his footstep were wiped out by HFTs.
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> 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.
Where would they have gotten the full records? Or been able to know where to look in the records? Forensic accounting takes time (even if the records are as bad as alleged). To me, this suggests someone on the inside helping to build a case. Federal cases can take years to build because they are usually very thorough. Going from collapse of the company to extradition request in the course of weeks seems really fast t…
Bankruptcy procedings. Subpoenas. The standard ways the FBI gets records from regular companies run by people who aren't criminals and don't want to become one (the current CEO is a regular business person).
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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.
You are right, most certainly not everything is corrupt and not everything in the “system” is wrong. And yet, OP’s point of view is a very common one among people. So why is that? I think dismissing this as “nihilism” it’s not a clever continuation of this conversation. Is it because the system is very inefficient at healing itself (or so seems to be) from bad actors, that the public thinks it will never be healed? I…
Yes. Basically, all humans can be corrupted at an individual level with the right incentives, and all people are somewhat corrupt, let's say except Jesus. So the system we compose inherits the characteristics of its constituent parts and there is no way to design around that.
This seemingly cynical view is so common IMHO because it's true. As far as I can tell, those that don't see it are just young and haven't figured it out yet or haven't seen enough to realize it. We start out being taught Mr. Smith Goes to Washington for a couple decades of our lives and it takes some time to peel that back.
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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.
https://slatestarcodex.com/2014/11/25/race-and-justice-much-...
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No, sadly there is a decidedly right-wing mind virus around how SBF is treated with kid gloves because he heavily donated to democrats. Ignoring that he also donated to Republicans. This is all part of that narrative - substantiated or otherwise.
People are angry and they aren't seeing the immediate consequences they want. It's not just an SBF thing though, I suspect that various police dramas have given people a very skewed view.
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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.
Same when comparing racial disparity in crime/prison.