Pending justice for SBF - page 2. | Bitcointalksearch.org

zasad@

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Quote from: NotATether on November 07, 2023, 05:41:26 AM

In case you didn't get the news, this guy has been convicted of all 7 counts of fraud by the jury, in a matter of... just a few hours.

How is it that all these rich and powerful people turned a blind eye towards not only the illegal activities he was doing, but also reputation risk that this guy would associate them with?

I guess if enough people do it, it's allowed to go under the rug by the media.

https://www.forbes.com/sites/antoniopequenoiv/2023/11/02/sam-bankman-fried-found-guilty-of-fraud-and-conspiracy/
"Bankman-Fried, 31, was found guilty of seven counts of fraud and conspiracy and faces a maximum possible sentence of up to 110 years in prison.
Jurors in Manhattan federal court returned the verdict after less than five hours of deliberation."

Anyone familiar with the American judicial system, explain how in 5 hours you can reach a verdict in a case where billions of dollars have been lost.

____
SBF gets used to prison
https://twitter.com/Cointelegraph/status/1728050840764547505
Convicted FTX founder Sam Bankman-Fried has gone from trading crypto to fish while behind bars and exchanged four packets of mackerel for a haircut before his criminal trial.

Bankman-Fried is sharing a cell at the Brooklyn prison with former Honduran President Juan Hernández and a former senior Mexican police officer, sources familiar with the matter told The Wall Street Journal."

I heard that the Brooklyn prison is not the best, although he may have a VIP cell.

NotATether

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In case you didn't get the news, this guy has been convicted of all 7 counts of fraud by the jury, in a matter of... just a few hours.

How is it that all these rich and powerful people turned a blind eye towards not only the illegal activities he was doing, but also reputation risk that this guy would associate them with?

I guess if enough people do it, it's allowed to go under the rug by the media.

zasad@

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Bloomberg releases film about SBF and FTX collapse
https://www.bloomberg.com/features/2023-ruin-ftx-documentary/
"RUIN is a feature documentary about Sam Bankman-Fried and the stunning collapse of his cryptocurrency exchange, FTX, as narrated by Bloomberg journalists and some of the central players in the rise of digital assets."
https://www.youtube.com/watch?v=3QpdU9LS540

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Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

which really pissed me off because so many people have been affected

SBF is just that unlikable.
Everything about this man makes you not like him.
He's so entitled and childish.
It feels like he doesn't regret doing it, just getting caught.
His parents are also entitled rich people with connections to politicics.
Even his voice and the way he avoids answering questions makes you want to punch him.

Imagine Sam in bed with a woman.
-did you enjoy it Sam?
-eee kind of
-yes or no?
-I'm on adderall and coke, so you know... I'm getting a pizza do you want some?
-is that a vegan pizza?
-probably... I'm alergic to everything but mom said I should get some carbs after sex

Now read that in Sam's voice Cheesy

Yes, that guy should be in jail. If he gets away with a slap on the wrist, you know the justice system in the US is done.

Mr.suevie

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Quote from: SamReomo on October 26, 2023, 10:19:57 AM

Quote from: sokani on October 26, 2023, 07:12:51 AM

Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

~Snip~

No one is walking free, It's a legal proceeding and it takes time. They had to gather evidence, present it to the court to see if it admissible and finally when proceeding starts, they've to bring all key witness to the stand for questioning before passing judgement. I'm not saying that the US judicial system does not have it flaws but it's still better than most parts of the world. It doesn't matter how connected SBF is to the present administration, I believe justice is going to be served at the end of the day and he's going to pay for his crimes.

I agree with you the US judicial system is still better than most judicial systems of the world and all legal proceedings take time and we all have to understand that. SBF will get punished for the things he has done to the victims of the FTX and for that we'll have to wait sometime. The US judicial system is known for its justice and surely justice will be done with the victims who were affected by FTX and lost so much of their savings. I believe that such cases take longer than normal cases because a lot of evidence is needed in order to take a final decision. I'm sure that FTX victims will get justice and SBF will reach his destination very soon.

Well am not sure that the US judicial system is as clean and effective as the way you are currently putting it to be but what can anyone do, it's just a matter of time and we all want the same thing which is for justice to be served but one major concern is the severity of the punishment given because I believe money can still buy you a lesser punishment after being judge and I pray that should not be the case of SBF.

zasad@

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Quote from: Ale88 on October 25, 2023, 08:48:09 PM

Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

this just makes me wonder if truly the system is actually working or are some folks actually bigger than the LAW?

I would go with the latter. Sam's family knows several politicians, and I'm pretty sure that someone put Sam in charge, let's be serious, do we really want to believe that this guy pretty much built all alone the second biggest cryptocurrency in the world in a few months, he got all the approval and permits that others couldn't get, etc etc just working hard? You don't become a multi-billionaire in a few months, of course there is way more behind this story.

I fully support this opinion. Sam Bankman Freed is an ordinary clown who was given a lot of money to hold. This saga should end after the elections, but for now the trials will drag on. I also said that not all cards are open in this criminal case and we will still see a lot of interesting information about internal relationships.

Fundamentals Of

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Quote from: NotATether on October 26, 2023, 04:20:49 AM

Quote from: AHOYBRAUSE on October 26, 2023, 04:07:41 AM

Quote from: Fundamentals Of on October 25, 2023, 09:46:16 PM

There is no perfect justice system. Every justice system is somehow corrupted. There's always a rotten part. We probably have all heard by now how SBF had been generous to powerful personalities especially politicians. And he was not only generous to the Democrats or the Republicans, he was generous to both. That's enough for us to assume that the soft treatment he's receiving right now despite all his crimes is the fruit of his generosity.

Still, that would not safe him from punishment.
Since this is a very public matter all his connections won't help SBR out of this dilemma.

With so many people being affected in this court case, millions and millions of private money gone, he won't get away with a light sentence, never ever will that happen.
He will sure have a nice federal prison cell with tennis court and stuff outside, but he will never leave this place again.

FTX's demise also screwed over very rich clientele - particularly other corporations. There is virtually no chance of SBF escaping jail time even with his family preparing an expensive legal defense for him, because these guys will lobby to the government and judicial system to imprison him for his financial crimes as a revenge for losing their money.

It's a blessing in disguise that FTX was so huge that when it crumbled down there were also rich, influential, and possibly powerful companies and people that went along with it. So it's not just retail users that became victims of SBF's crimes. And because of this, those rich companies and people would definitely be fighting tooth and nail for the millions that they've lost. Otherwise the resolution of this case would probably be more lenient with SBF.

Quote from: pinggoki on October 26, 2023, 05:13:35 AM

Quote from: Fundamentals Of on October 25, 2023, 09:46:16 PM

There is no perfect justice system. Every justice system is somehow corrupted. There's always a rotten part. We probably have all heard by now how SBF had been generous to powerful personalities especially politicians. And he was not only generous to the Democrats or the Republicans, he was generous to both. That's enough for us to assume that the soft treatment he's receiving right now despite all his crimes is the fruit of his generosity.

They're only rotten as we allow them to be, if the people that we put in those position are incorruptible then we will probably see a difference, yes there's no perfect justice system but I am sure that every country can create a decent, incorruptible and competent system, it's the people that don't have integrity that exist that's making these system corrupted. I didn't know about the part where SBF has sent gifts to these people of power on both sides, now that I know about it, I am sure that all of this is just a charade until things die down.

I don't know whether an incorruptible justice system is merely an idea or something that can be made in reality. What I know is that corruption in many forms is as old as humanity.

harapan

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Quote from: franky1 on October 25, 2023, 05:47:33 PM

Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

The justice system is really fucked up. I saw another update on the FXT scam court trial on SBF which really pissed me off because so many people have been affected and till date nothing has been effectively done to the recovery of these loses

SBF is not in-charge of FTX anymore. he filed bankruptcy and handed control to an administrator. so now its the administrators job to find the funds. and if you look at those reports it seems he has found alot of the funds..

as for SBF the trial against him is still in the middle(nearing end) no judgement can be made until the end and no sentencing hearing can be made until judgement. its a case of being patient and letting the trial play out

And what has those found and stolen funds been used for, to settle the judge so he could stay longer in jail?

Why is the sentencing taken too long, when they decided the pause withdrawals and seize users coins it didn't take this long .
All off the money gotten are being used by the exchange to solve matters arising for SBF. News like this is enough to tell people to avoid exchanges. There's enough low global economy instability facing another breakdown of exchange have not gone well.

|MINER|

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Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

The justice system is really fucked up. I saw another update on the FXT scam court trial on SBF which really pissed me off because so many people have been affected and till date nothing has been effectively done to the recovery of these loses and still yet the criminal mastermind himself is still walking free in terms of the appropriate justice for the whole saga and this just makes me wonder if truly the system is actually working or are some folks actually bigger than the LAW?

If the law is to be believed then I think we will see more of these activities for some time more. Initially when the ftx exchanger crashed and the law enforcement started by arresting SBF I thought that the ftx exchanger users would get justice soon. Although I don't know the inside news then it is natural that this news will create confusion among us but I will say that his matter is still going on in court so I think we have to wait for some more time to get justice. I hope these kinds of big whales will be punished one day.

Rruchi man

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Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

The justice system is really fucked up. I saw another update on the FXT scam court trial on SBF which really pissed me off because so many people have been affected and till date nothing has been effectively done to the recovery of these loses and still yet the criminal mastermind himself is still walking free in terms of the appropriate justice for the whole saga and this just makes me wonder if truly the system is actually working or are some folks actually bigger than the LAW?

The lesson from FTX and SBF has already been learnt that it is never safe to store and safe bitcoins on an exchange. The victims should try to move on with the lessons learnt because recovery will only happen on a slim chance. I cannot say for sure that the justice system works all the time and in all cases, because sometimes the justice system favors the high and very connected and SBF seems to be in that category.

There is a halving coming, the best choice as someone who lost to SBF should be to pick themselves up, dust themselves and try to start gathering more bitcoins for next year, this time they can do it correctly.

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Quote from: serjent05 on October 25, 2023, 06:41:55 PM

The justice system is unfair. Those who have strong connections to influential people often escape the punishment. They are even living in a most convenient way. This kind of revelation is no news at all especially SBF is known for giving donations to some political parties.

I think this case will be dragged for years until people forget about the FTX scandal and by then we might found out SBF to acquitted from all the charges or if punished might be the lightest punishment the court can give.

There are justice systems that actually get paid, so that's probably what happened in SBF's case. But I'm not sure. It's just because of the connection he has and the amount of money he has that it's possible that he will be slapped with money right away, that is, name your price, which SBF can tell the judge handling his case.

Then I thought that the other funds of the customers who were victims of him before had been returned. That's not true; we can't really know what's true in the news these days.

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Quote from: sokani on October 26, 2023, 07:12:51 AM

Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

~Snip~

No one is walking free, It's a legal proceeding and it takes time. They had to gather evidence, present it to the court to see if it admissible and finally when proceeding starts, they've to bring all key witness to the stand for questioning before passing judgement. I'm not saying that the US judicial system does not have it flaws but it's still better than most parts of the world. It doesn't matter how connected SBF is to the present administration, I believe justice is going to be served at the end of the day and he's going to pay for his crimes.

I agree with you the US judicial system is still better than most judicial systems of the world and all legal proceedings take time and we all have to understand that. SBF will get punished for the things he has done to the victims of the FTX and for that we'll have to wait sometime. The US judicial system is known for its justice and surely justice will be done with the victims who were affected by FTX and lost so much of their savings. I believe that such cases take longer than normal cases because a lot of evidence is needed in order to take a final decision. I'm sure that FTX victims will get justice and SBF will reach his destination very soon.

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Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

The justice system is really fucked up. I saw another update on the FXT scam court trial on SBF which really pissed me off because so many people have been affected and till date nothing has been effectively done to the recovery of these loses and still yet the criminal mastermind himself is still walking free in terms of the appropriate justice for the whole saga and this just makes me wonder if truly the system is actually working or are some folks actually bigger than the LAW?
https://coinpedia.org/news/todays-kevin-cofsky-revelation-could-be-a-game-changer-for-ftx-2-0/

I know that American don't joke with her right to peace and freedom but the more I look at Sam Bankman, I feel that American judiciary are been soft on this nigga, they have taken people for granted knowing that the exit scam he pulled off wasn't only the US citizens that were affected, it was both the local exchange(FTX. US) and the global FTX that was drained but they are treating him like it was only the US that was affected. If it was a non US citizen that pull the scam, he will only be allow to drink water since the day he was extradited from Bahamas.

There are so many unanswered questions, why are they protecting his girlfriend Carolina Ellison, that girl has been into hidden from the public, he is been protect by God so knows who? Only a powerful people can do that despite when his male counterpart is been slowly paraded. When are we going to get justice for FTX customers that lost all their money? If they should relaunch FTX without providing answer to these questions, then the joke is on US judiciary.

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Quote from: Mr.suevie on October 25, 2023, 02:46:55 PM

The justice system is really fucked up. I saw another update on the FXT scam court trial on SBF which really pissed me off because so many people have been affected and till date nothing has been effectively done to the recovery of these loses and still yet the criminal mastermind himself is still walking free in terms of the appropriate justice for the whole saga and this just makes me wonder if truly the system is actually working or are some folks actually bigger than the LAW?
https://coinpedia.org/news/todays-kevin-cofsky-revelation-could-be-a-game-changer-for-ftx-2-0/

No one is walking free, It's a legal proceeding and it takes time. They had to gather evidence, present it to the court to see if it admissible and finally when proceeding starts, they've to bring all key witnesses to the stand for questioning before passing judgement. I'm not saying that the US judicial system does not have it flaws but it's still better than most parts of the world. It doesn't matter how connected SBF is to the present administration, I believe justice is going to be served at the end of the day and he's going to pay for his crimes.

passwordnow

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Quote from: dothebeats on October 25, 2023, 07:21:38 PM

Quote from: passwordnow on October 25, 2023, 06:55:33 PM

I don't think that there's still money left to recover from this thief. His family got involved with various assets acquisition and that's needed to be proved in the court but we all know where it came from. The only prize that every victim can get from this is for the verdict from the court that this guy should rot behind the bars. And next is the investigation on how his family got their wealth and hoping that they'll all be recovered, put up on sale or auction and the proceeds of it will be distributed to the victims even if they're not going to be that much. Because with that, there's gonna be the sense that it is visible that the justice system is working on them. But the sad thing is that, we're seeing the other way around.

And that is because SBF has managed to make connections with known people in the legal system and it seems all planned by him and how foresee the future with everything getting f*cked up with his plan. Every political system, there's corruption and that's sad when he's aware that everything is just all about under the table.

The guy is basically rubbing shoulders with prominent figures in the tech industry and politics. His parents are also somewhat known in the legal industry. As far as the justice system goes, this guy is kind of untouchable, unless those involved in the proceedings of his case grow a backbone and try to prosecute him and send him behind bars for a long time. He's very clever with making those donations and setting up those social events while he had the chance to. He gained a number of allies that helps him with this case. They'll just prolong this case until no noise can be heard anymore, and he may not be acquitted - but he'll surely the lowest sentence possible for his case.

If we're going to analyze all of his moves then we can see that there could have been planned connections already before everything was exposed. And based from that, everyone, he made all of us believed that he's a sort genius weirdo. Well, if there are known media or people that try to dig his case, the noise will be there but it is true that they might just lie low and stop making noise about him. As long as he stays there for his lifetime, that's what the people that he f*cked want even without all of the money that he should return because there's no more hope with that.

And let's just hope that whenever someone has the same style as his, they should be more careful and assess that charity or company that does it if they are for real or they up to something and trying to build their connections. I just hope that more of these institutions, politicians won't just be happy taking all of those donations and they'll also do their due diligence before acceptance although we know that it's hard to find the motives of a person at the beginning.

retreat

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That is today's modern justice system. You cannot punish someone until the judicial process is complete. Moreover, SBF's parents are legal people who understand US justice, of course they have lobbied many parties not to put their child behind bars until the judicial process is complete. That is the reality now and there is nothing we can do other than patiently wait for the verdict.

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Quote from: KiaKia on October 26, 2023, 05:21:18 AM

If SBF is going to get sentenced I promise you it will be in styles, he isn't going to face any hard punishment for everything he did, because of the people whom he helped and those who got his back

No doubt that SBF will be sentenced but after all privileges he got during his jail time that is absolutely better than others if they commit same scam activities like SBF. I am sure, so I agree with you, that SBF will get a softer sentence than any speculative, proposal sentence from community.

I only wonder and also I am curious to wait for what sentence he will get after all. Especially he lives in the USA, that is a nation with good Separations of Power but I believe laws will be bend to serve SBF. He will get benefit from it with a soft sentence.

KiaKia

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If SBF is going to get sentenced I promise you it will be in styles, he isn't going to face any hard punishment for everything he did, because of the people whom he helped and those who got his back, the reason why we are still bearing something about Him is because of the exposure mess he created, which could have been avoided if not for CZ, like they knew what CZ was planning behind and they feared it will greatly affect the whole crypto space.

There was a rumour that politicians are part of those who use the missing funds too, but if this is true it will never come to light, because some secret could be revealed, so even if SBF get jailed he will get paid for doing so, there is more to this man plan than we know.

He is surrounded by big people, from his parents and families down to those who benefited from the funds stolen from the exchange, justice could be served the way people hoped for but it won't get to SBF, because they will pretend they deal with him and do something else with him behind the camera.

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Quote from: Fundamentals Of on October 25, 2023, 09:46:16 PM

There is no perfect justice system. Every justice system is somehow corrupted. There's always a rotten part. We probably have all heard by now how SBF had been generous to powerful personalities especially politicians. And he was not only generous to the Democrats or the Republicans, he was generous to both. That's enough for us to assume that the soft treatment he's receiving right now despite all his crimes is the fruit of his generosity.

They're only rotten as we allow them to be, if the people that we put in those position are incorruptible then we will probably see a difference, yes there's no perfect justice system but I am sure that every country can create a decent, incorruptible and competent system, it's the people that don't have integrity that exist that's making these system corrupted. I didn't know about the part where SBF has sent gifts to these people of power on both sides, now that I know about it, I am sure that all of this is just a charade until things die down.

NotATether

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Quote from: AHOYBRAUSE on October 26, 2023, 04:07:41 AM

Quote from: Fundamentals Of on October 25, 2023, 09:46:16 PM

There is no perfect justice system. Every justice system is somehow corrupted. There's always a rotten part. We probably have all heard by now how SBF had been generous to powerful personalities especially politicians. And he was not only generous to the Democrats or the Republicans, he was generous to both. That's enough for us to assume that the soft treatment he's receiving right now despite all his crimes is the fruit of his generosity.

Still, that would not safe him from punishment.
Since this is a very public matter all his connections won't help SBR out of this dilemma.

With so many people being affected in this court case, millions and millions of private money gone, he won't get away with a light sentence, never ever will that happen.
He will sure have a nice federal prison cell with tennis court and stuff outside, but he will never leave this place again.

FTX's demise also screwed over very rich clientele - particularly other corporations. There is virtually no chance of SBF escaping jail time even with his family preparing an expensive legal defense for him, because these guys will lobby to the government and judicial system to imprison him for his financial crimes as a revenge for losing their money.

Topic: Pending justice for SBF - page 2. (Read 725 times)