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Sam Bankman-Fried Convicted

nytimes.com

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Re: Sam Bankman-Fried Convicted

#861

Post by callalex »

meowface wrote: post #731
bmitc wrote: post #433

Earlier quoted context omitted.

The defense really had no option. Several of Bankman-Fried's previous defense teams quit on him due to his behavior. Even in this trial, during a session with just the judge, the defense made an objection to a question, the judge sustained it, but Bankman-Fried answered anyways. His own defense team asked him where had he been this entire trial because the objection was sustained, you didn't have to answer that. Bank…

An odd question, but: why is he like this? Even from the start, before the criminal charges, his press tour was so bizarre. Is he just a delusional narcissist who thinks he can talk his way out of anything no matter what? I feel like even very, very long into his prison sentence he's still going to try to talk your head off insisting it was all a big misunderstanding. And he's going to be denied parole because he's g…

He was raised at Stanford by two Stanford professors and surrounded by blowhards that subscribe to the insane concept of “effective altruism”. It’s really no surprise he ended up this way.

Re: Sam Bankman-Fried Convicted

#862

Post by morsch »

DebtDeflation wrote: post #666

The SBF "magic box" interview with Matt Levine where he casually describes yield farming as nothing more than a Ponzi scheme never gets old. https://www.ft.com/content/eac0e56c-f30b-4591-b603-f971e60dc...

Here it is, with audio: https://m.youtube.com/watch?v=KZYqL79GDXU&t=1289s

Re: Sam Bankman-Fried Convicted

#864

Post by saltminer »

bmitc wrote: post #433
hintymad wrote: post #243

I was reading the trial report by Inner City Press. The AUSAs were incredibly thorough and strategic. The evidences were air-tight, the cross-examination was masterfully controlled with precision and incisiveness, and of course the closing argument was forceful. It was a great joy to read the report, as if I was watching an extended episode of The Good Fight. On the other hand, the defense was really weak, quite hand…

The defense really had no option. Several of Bankman-Fried's previous defense teams quit on him due to his behavior. Even in this trial, during a session with just the judge, the defense made an objection to a question, the judge sustained it, but Bankman-Fried answered anyways. His own defense team asked him where had he been this entire trial because the objection was sustained, you didn't have to answer that. Bank…

SBF pulled an Alex Jones. A losing case, answering questions for which objections were sustained, thinking he can talk his way out of everything, going through counsel like candy while ignoring their recommendations...truly, a match made in hell.

Re: Sam Bankman-Fried Convicted

#865

Post by napierzaza »

hintymad wrote: post #243

I was reading the trial report by Inner City Press. The AUSAs were incredibly thorough and strategic. The evidences were air-tight, the cross-examination was masterfully controlled with precision and incisiveness, and of course the closing argument was forceful. It was a great joy to read the report, as if I was watching an extended episode of The Good Fight. On the other hand, the defense was really weak, quite hand…

[dead]

Re: Sam Bankman-Fried Convicted

#866

Post by tptacek »

bambax wrote: post #682
tptacek wrote: post #362

Earlier quoted context omitted.

The opposite thing is going to happen in this case, and I'm sure you'll hear Ken on Serious Trouble saying the same thing next week (you can get Andrew McCarthy, another former AUSA, saying the same thing in the National Review today if you want that with a dash of anti-woke conservative racial politics). In basic economic crimes, sentences scale primarily with dollar losses, and FTX lost billions. He's going to do s…

> He's going to do something resembling the statutory max I don't think you're right, but in any case, even if he receives the statutory max, it's unlikely he'll do it and stay in jail for 115 years.

The statutory maximum still doesn't mean you just add the maximum sentence for each count up.

Re: Sam Bankman-Fried Convicted

#867

Post by callalex »

scotty79 wrote: post #770
hintymad wrote: post #243

I was reading the trial report by Inner City Press. The AUSAs were incredibly thorough and strategic. The evidences were air-tight, the cross-examination was masterfully controlled with precision and incisiveness, and of course the closing argument was forceful. It was a great joy to read the report, as if I was watching an extended episode of The Good Fight. On the other hand, the defense was really weak, quite hand…

Bribing politicians with donations depicted as business development oficially in court. US is such a weird country.

I think it’s important to note that such a depiction failed spectacularly.

Re: Sam Bankman-Fried Convicted

#869

Post by bitsandbooks »

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…

> If someone running a crypto futures exchange said they wanted people to buy bananas and groceries on their platform that’s be a signal to pass, right?

Not if you're so silly as to think you can replace the currency people use, plus control completely its medium of exchange, plus be able to trade against those same exchange's participants. It boils down to people trying to rebrand casinos as markets.

Re: Sam Bankman-Fried Convicted

#870

Post by [deleted] »

FFP999 wrote: post #393

> You’d think this MIT graduate would wise up, but he never did. The MIT campus has a major public road running through the middle of it, one of the busiest surface streets in the area. You don't have to stand there very long to see a crowd of students almost get hit by a car because they didn't look before they crossed the street. Point is, the old cliche is true, there really is such a thing as a person with a lot…

[deleted]
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