Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Sam Bankman-Fried Convicted

nytimes.com

Post reply on HN
Print view View original

841–850 of 1001 posts

Re: Sam Bankman-Fried Convicted

#841

Post by nonethewiser »

tiahura wrote: post #787
pclmulqdq wrote: post #720

Earlier quoted context omitted.

I'm going to go out on a limb here and say that the AUSA's performance here was not particularly impressive. Yes, they constructed an airtight case, but to do that, they handed out immunity deals like candy to all of SBF's co-conspirators. Sure, they got their guy, but it almost looks like they wanted to craft a narrative that puts all of the blame on him. Because of that, several other huge fraudsters here (eg Carol…

[flagged]

I realize that incel is a fun slam but I think its only accurate when self-prescribed. Otherwise the “involuntary” aspect isnt fulfilled. The “voluntariness” of celibacy cant be determined by someone else.

Re: Sam Bankman-Fried Convicted

#842

Post by reidjs »

JustLurking2022 wrote: post #819
reidjs wrote: post #809

Earlier quoted context omitted.

I’m sure there’s a Reddit thread for every cryptocurrency company and founder calling them a fraud.

And statistically, they're virtually all correct.

Just like how, statistically, a cancer test strip that always says "not cancer" is virtually always correct.

Re: Sam Bankman-Fried Convicted

#843

Post by itslennysfault »

lubesGordi wrote: post #739

Sequoia invested $200M in this guy. Has anyone looked at whether SBF could've done as much damage without that investment? Has anyone looked at if Sequoia did their due diligence? Seems like Sequoia could've seen red flags just from knowing Alameda existed. The potential abuse there was completely obvious.

...and they didn't even request a board seat. Meanwhile, I gave up a board seat for a $1m investment.

Re: Sam Bankman-Fried Convicted

#845

Post by twright »

zztop44 wrote: post #750
lubesGordi wrote: post #739

Sequoia invested $200M in this guy. Has anyone looked at whether SBF could've done as much damage without that investment? Has anyone looked at if Sequoia did their due diligence? Seems like Sequoia could've seen red flags just from knowing Alameda existed. The potential abuse there was completely obvious.

The whole Sequoia thing is so interesting. Here is an excerpt from their (now taken down) profile of SBF, highlighting the moment he convinced them to invest: > That’s when SBF told Sequoia about the so-called super-app: “I want FTX to be a place where you can do anything you want with your next dollar. You can buy bitcoin. You can send money in whatever currency to any friend anywhere in the world. You can buy a ban…

The taken down profile for anyone who wants to see just how wild they were about SBF: https://web.archive.org/web/20221027181005/https://www.sequo...

Re: Sam Bankman-Fried Convicted

#847

Post by red-iron-pine »

tiahura wrote: post #787
pclmulqdq wrote: post #720

Earlier quoted context omitted.

I'm going to go out on a limb here and say that the AUSA's performance here was not particularly impressive. Yes, they constructed an airtight case, but to do that, they handed out immunity deals like candy to all of SBF's co-conspirators. Sure, they got their guy, but it almost looks like they wanted to craft a narrative that puts all of the blame on him. Because of that, several other huge fraudsters here (eg Carol…

[flagged]

who is the incel here, exactly? are you just using that term as a way of saying "shady" or "irresponsible"?

like, everyone at FTX was banging each other constantly. And I can't see how the celibacies or lack thereof of the judges and lawyers is a discussion topic.

at this point it's hard to tell if this is shillbot trying to derail a convo, or just abusing words that have become too common to the point of losing meaning.

Re: Sam Bankman-Fried Convicted

#849

Post by lawlessone »

Ographer wrote: post #742

A reddit post called out SBF as a fraud 2 years ago and no one on the Bitcoin subreddit believed them! https://www.reddit.com/r/Bitcoin/comments/p1oqqu/the_ceo_of_...

TBF you can accusations of fraud against anyone in space like this. It's like Nostradamus predictions.

Re: Sam Bankman-Fried Convicted

#850

Post by crabkin »

belter wrote: post #678
berniedurfee wrote: post #670

So what’s the final outcome? A long prison sentence or a few years hanging out on appeal followed by a few years in a low security federal penitentiary and a long career doing speaking engagements and appearances? Holmes got 9 years, but her actions had severe real world effects on people. Is that the ceiling for SBF?

Bernie Madoff pleaded guilty and got 150 years in federal prison. Sam Bankman-Fried was smug until the end, both with the Judge and the Jury, but the fraud is 1/6 smaller. I say 15 to 20 years.

There's some video Shkreli going over how federal sentencing guidelines are. He is going to get close life.
Post reply on HN