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SEC obtains final consent judgments against former FTX and Alameda executives

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Re: SEC obtains final consent judgments against former FTX and Alameda executives

#91

Post by 93po »

Braxton1980 wrote: post #69
9x39 wrote: post #67

Earlier quoted context omitted.

The majority of cases don’t go to trial because the majority of cases are hopeless for the defendants. Law-abiding citizens wouldn’t have a 50% recidivism rate. While it’s admirable to push back against the state, not all defendants earn our sympathy in their plight.

>Law-abiding citizens wouldn’t have a 50% recidivism rate. What if being incarcerated has an affect on this value?

It unquestionably does - it turns out destroying your job prospects for life, removing a major contributor to a household for years, and destroying family relations in the process lends itself to continuing having strife in your life, or having strife when you previously had none

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#92

Post by rasz »

paulpauper wrote: post #30
olalonde wrote: post #6

Yes she cooperated and pleaded early, but damn, she got off easy compared to SBF.

she pocketed nothing, lived modestly (her complices earned much more) and was invaluable to the case.

Didnt she live with the rest of those frauds on tropical island in a sex commune?

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#93

Post by david38 »

jMyles wrote: post #49
akerl_ wrote: post #11

Earlier quoted context omitted.

It turns out sentencing cares whether you’re cooperative and contrite or you stand by having done nothing wrong.

...the primary effect of which is that fewer than 4% of criminal cases go to trial, and our prison, parole, and probation systems are full of people who pled to crimes they did not commit, and poison trees of evidence are intentionally and ruthlessly planted without challenge or consideration by a jurist.

The estimated innocent population is around 9%. A far cry from the majority. This is just populist trash.

Now if you want to make a majority claim about those incarcerated being incarcerated for something which a rich person would go free, that’s something else

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#94

Post by epistasis »

olalonde wrote: post #87
epistasis wrote: post #85

Earlier quoted context omitted.

You are avoiding my questions. What does their anger matter? Concretely, how could that impact Trump?

Like most people, he probably understands the value of keeping a few friends and allies close, even if it's purely self-interest. At Trump's scale, some relationships are worth billions, so a bribe of a few million can be a poor trade-off if it risks burning a high-value relationship.

Trump is not a normal person with normal friends.

Sure some relationships might be worth it, but whose? Trump already got the votes, which is what let him avoid prosecution for insurrection, mishandling of classified documents, etc. etc.

What friend or relationship would he lose for pardoning SBF? It has to be a billionaire, because he respects billionaires, or it has to be somebody paying home more than SBF to keep SBF in jail. What billionaire would risk their relationship with Trump in order to express displeasure about pardoning SBF? Wha person would pay more than SBF to keep SBF imprisoned?

Again and again Trump burns people that supported him. There is zero loyalty, everything is purely transactional.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#96

Post by dalemhurley »

david38 wrote: post #93
jMyles wrote: post #49

Earlier quoted context omitted.

...the primary effect of which is that fewer than 4% of criminal cases go to trial, and our prison, parole, and probation systems are full of people who pled to crimes they did not commit, and poison trees of evidence are intentionally and ruthlessly planted without challenge or consideration by a jurist.

The estimated innocent population is around 9%. A far cry from the majority. This is just populist trash. Now if you want to make a majority claim about those incarcerated being incarcerated for something which a rich person would go free, that’s something else

9% is huge, that is a complete failure, this isn’t some exam, it is people’s lives.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#97

Post by dalemhurley »

paulpauper wrote: post #30
olalonde wrote: post #6

Yes she cooperated and pleaded early, but damn, she got off easy compared to SBF.

she pocketed nothing, lived modestly (her complices earned much more) and was invaluable to the case.

Really? all the media reports contradict this statement.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#98

Post by mlrtime »

jMyles wrote: post #89
mlrtime wrote: post #77

Earlier quoted context omitted.

I don't think the answer is more lawyers/judges and court rooms to fill that 96%

...of course not. But dramatically less chargeable conduct, dramatically more robust protections against search and seizure, and the complete removal of the slave labor incentive inherent in prisons might just remove it without further ado.

>dramatically less chargeable conduct

This is going to be hard to sell. "dramatically" sounds like >50%, and I assume not just old laws on the books that aren't in-forced. So you want to remove >50% of chargeable offenses? What else besides drugs?

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#99

Post by olalonde »

epistasis wrote: post #94
olalonde wrote: post #87

Earlier quoted context omitted.

Like most people, he probably understands the value of keeping a few friends and allies close, even if it's purely self-interest. At Trump's scale, some relationships are worth billions, so a bribe of a few million can be a poor trade-off if it risks burning a high-value relationship.

Trump is not a normal person with normal friends. Sure some relationships might be worth it, but whose? Trump already got the votes, which is what let him avoid prosecution for insurrection, mishandling of classified documents, etc. etc. What friend or relationship would he lose for pardoning SBF? It has to be a billionaire, because he respects billionaires, or it has to be somebody paying home more than SBF to keep…

I'll give a concrete example. Suppose he were to pardon SBF. That would likely anger figures like CZ (Binance) and Brian Armstrong (Coinbase). In response, they could choose to delist Trump's shitcoin, which alone could wipe out hundreds of millions in market cap. Anyways, I guess we'll see who’s right in about three years.

Re: SEC obtains final consent judgments against former FTX and Alameda executives

#100

Post by epistasis »

olalonde wrote: post #99
epistasis wrote: post #94

Earlier quoted context omitted.

Trump is not a normal person with normal friends. Sure some relationships might be worth it, but whose? Trump already got the votes, which is what let him avoid prosecution for insurrection, mishandling of classified documents, etc. etc. What friend or relationship would he lose for pardoning SBF? It has to be a billionaire, because he respects billionaires, or it has to be somebody paying home more than SBF to keep…

I'll give a concrete example. Suppose he were to pardon SBF. That would likely anger figures like CZ (Binance) and Brian Armstrong (Coinbase). In response, they could choose to delist Trump's shitcoin, which alone could wipe out hundreds of millions in market cap. Anyways, I guess we'll see who’s right in about three years.

Thanks for that concrete example! It's far more convincing. However I'm still not fully convinced, as Trump has greater leverage due to the ability to change tax and other crypto policy. He already gets what he needs by allowing bribes through Trump's coins, listing is not the primary purpose.

I appreciate you exchanging this information and your opinion.

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