Bankman-Fried’s $30 Million Bahamas Penthouse Is Hitting the Market
It’s the $30 million penthouse atop the Orchid building where Bankman-Fried lorded over the rise and fall of his $32 billion crypto exchange, FTX. And soon, it could be yours.Sam Bankman-Fried.
On Nassau’s New Providence Island, the sun-kissed capital of the Bahamas, FTX liquidators are close to putting the opulent remnants of the giddy days of crypto’s fallen Boy Wonder up for sale, one by one.
Topping the list is the penthouse where Bankman-Fried lived and worked with his subordinates until FTX collapsed in scandal in late 2022. It’s where SBF, as he liked to be called, would nap on a beanbag chair, near the pool that snakes across the wraparound balcony, until police took him away in handcuffs.
Topic: Pending justice for SBF (Read 1055 times)
larry_vw_1955, Well you just confirmed with your links that it's a circus. LOL.
Well another clown will probably be in jail for 18 months. The ‘star witness’ will probably avoid jail because she made a favourable deal with the investigation and testified against everyone.
Well another clown will probably be in jail for 18 months. The ‘star witness’ will probably avoid jail because she made a favourable deal with the investigation and testified against everyone.
i dont agree with them giving anyone a "deal" for snitching on someone else by the way. i think it should be the reverse, an even stiffer penalty if you don't snitch. it seems like everything they do is with the intent to let sam off the hook for new charges. that doesn't make any sense.
25 years is not enough.I can only say from the lawyers' words that after the cooperation procedure the accused receives a special document from the government agents and depending on the success of the cooperation the lawyer can demand from the judge a large reduction of the prison term or a lighter sentence.
In the case of cooperation, the defendant fully pleads guilty, and therefore the trial is not held in public.
larry_vw_1955, Well you just confirmed with your links that it's a circus. LOL.
Well another clown will probably be in jail for 18 months. The ‘star witness’ will probably avoid jail because she made a favourable deal with the investigation and testified against everyone.
Well another clown will probably be in jail for 18 months. The ‘star witness’ will probably avoid jail because she made a favourable deal with the investigation and testified against everyone.
i dont agree with them giving anyone a "deal" for snitching on someone else by the way. i think it should be the reverse, an even stiffer penalty if you don't snitch. it seems like everything they do is with the intent to let sam off the hook for new charges. that doesn't make any sense.
25 years is not enough.
larry_vw_1955, Well you just confirmed with your links that it's a circus. LOL.
Well another clown will probably be in jail for 18 months. The ‘star witness’ will probably avoid jail because she made a favourable deal with the investigation and testified against everyone.
Well another clown will probably be in jail for 18 months. The ‘star witness’ will probably avoid jail because she made a favourable deal with the investigation and testified against everyone.
Where are all these people now? If anyone is also in jail, please let me know.
just give it a bit more time.
Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
https://www.msn.com/en-us/news/crime/former-ftx-exec-ryan-salame-asks-for-lenient-18-months-in-prison/ar-BB1mpIGZ
it looks like that guy might end up going to the joint for a short stint, at the very least. not as long as some people might hope but 18 months is 18 months. hopefully he gets SOMETHING. i'm sorry that he claims he had no idea about anything but that doesn't help people get their money back.
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And so it turns out that as a result of financial fraud investors have lost about 9 billion dollars, and there's one drug addict in jail. It's a real circus.
there's also his girlfriend
https://www.distractify.com/p/where-is-caroline-ellison-now
she might not get jail time but i think she probably deserves it.
then you got all these celebrity endorsers: https://nypost.com/2024/04/22/business/sam-bankman-fried-agrees-to-help-ftx-investors-in-lawsuits-against-tom-brady-larry-david/
some of them probably thought ftx was legit. so i think it's kind of ridiculous to be blaming people like tom brady or naomi osaka.
I believe Sam is the Scapegoat in this situation, if I understand the meaning of the word correctly. If I spelled it wrong, then tell me what you call a person who is blamed for what happened.
Sam is to blame, but not for 25 years in prison. And if he's guilty of 25 years in prison, why are the other participants free?
the justice system works. that's why. sam was the head of the whole thing i believe so of course he should be punished the most. people that worked for him, like his girlfriend, i'm not sure what is happening with them. but again, let's let the justice system prevail on them too. but 25 years is not unreasonable at all. not at all.
you need examples that can serve as a deterrent to others to do the same type of crime. that way when someone else gets into a position where they could do what sam did they might think twice knowing that the penalty can be a significant number of years of their life locked up.
Where are all these people now? If anyone is also in jail, please let me know.
A well-known scheme has been working in Russia for a long time. If you need a company for fraud, then on the role of director and chief managers fraudsters recruit the same clowns, and the main fraudsters in the company take the role of consultants and do not sign not a single document. In fact, the consultants manage the company.
I think it's clear to you who's going to be in jail next. Of course the crooks will be arrested, but there will be no evidence against them and their expensive lawyers will defend them.
_____
And so it turns out that as a result of financial fraud investors have lost about 9 billion dollars, and there's one drug addict in jail. It's a real circus.
I believe Sam is the Scapegoat in this situation, if I understand the meaning of the word correctly. If I spelled it wrong, then tell me what you call a person who is blamed for what happened.
Sam is to blame, but not for 25 years in prison. And if he's guilty of 25 years in prison, why are the other participants free?
the justice system works. that's why. sam was the head of the whole thing i believe so of course he should be punished the most. people that worked for him, like his girlfriend, i'm not sure what is happening with them. but again, let's let the justice system prevail on them too. but 25 years is not unreasonable at all. not at all.
you need examples that can serve as a deterrent to others to do the same type of crime. that way when someone else gets into a position where they could do what sam did they might think twice knowing that the penalty can be a significant number of years of their life locked up.
But if you think about it a little bit, this man has been using various incomprehensible pills that are close to narcotic drugs. If he is free, he can say too much in an interview, so it is favorable for everyone to keep him in jail and keep quiet.
so you're saying sam was the fall guy for some other people? i think you give him too much credit. he would sing like a canary to save his own hide.
Sam is to blame, but not for 25 years in prison. And if he's guilty of 25 years in prison, why are the other participants free?
But if you think about it a little bit, this man has been using various incomprehensible pills that are close to narcotic drugs. If he is free, he can say too much in an interview, so it is favorable for everyone to keep him in jail and keep quiet.
so you're saying sam was the fall guy for some other people? i think you give him too much credit. he would sing like a canary to save his own hide.
Of course the return on the dollar value of the assets at some point will be returned to investors, and as I think not all of them will. Many will have to go through a complicated bureaucratic procedure, and some investors may refuse because of expensive legal services.
And SBF has already ceased to be of interest to many, and we will see less news about it.
but even if everyone gets "repaid", he still should stay in jail for the length of his sentence. at least that's what i hope will happen. some people might think that's not very nice to say but what sam did to people was not very nice. and he's lucky he didn't get a longer sentence. i would have rather seen it be alot longer.
But if you think about it a little bit, this man has been using various incomprehensible pills that are close to narcotic drugs. If he is free, he can say too much in an interview, so it is favorable for everyone to keep him in jail and keep quiet.
Of course the return on the dollar value of the assets at some point will be returned to investors, and as I think not all of them will. Many will have to go through a complicated bureaucratic procedure, and some investors may refuse because of expensive legal services.
And SBF has already ceased to be of interest to many, and we will see less news about it.
but even if everyone gets "repaid", he still should stay in jail for the length of his sentence. at least that's what i hope will happen. some people might think that's not very nice to say but what sam did to people was not very nice. and he's lucky he didn't get a longer sentence. i would have rather seen it be alot longer.
It may not be fair, but all people go to the market to take other people’s money.
Money in the market is not generated by the state or central bank or algorithm as in the blockchain.When a clown wants to steal a lot of money from the market, the matter ends in prison.
we need to clarify what exactly is being paid back though. is it the value of their crypto in fiat at the time FTX shut down or is it the actual crypto? big difference. because if it is just the fiat, then the only reason they can do that is bitcoin went up in price. but they're still losing.
but i guess to sam, that would be good enough if he could just SAY that everyone had been repaid. "repaid" needs further clarification though. someone is not truly repaid unless you give them back their crypto they had at the time, not just it's fiat value at the time. because that would be alot less.
but i can just hear sam complaining about how life is so unfair that he is still locked up when everyone has already been "repaid". life is so unfair!
Of course the return on the dollar value of the assets at some point will be returned to investors, and as I think not all of them will. Many will have to go through a complicated bureaucratic procedure, and some investors may refuse because of expensive legal services.
And SBF has already ceased to be of interest to many, and we will see less news about it.
Imagine FTX repays everyone and Sam is still stuck in a jail cell for 25 years. He will feel like life is really unfair
He wouldn't be saying shit like that back when he was still getting away stealing people's money back then right? I don't think that this person even has the right to say that kind of shit because there's no way that what he did is fair or good. Remember kids, if you can't do the time, don't do the crime. It will be a good news too if FTX repays everyone because that means that all the effort that he did stealing people's lives/money is all for nothing now so in some way, things are really fair for everyone. It may not be fair, but all people go to the market to take other people’s money.
Money in the market is not generated by the state or central bank or algorithm as in the blockchain.When a clown wants to steal a lot of money from the market, the matter ends in prison.
we need to clarify what exactly is being paid back though. is it the value of their crypto in fiat at the time FTX shut down or is it the actual crypto? big difference. because if it is just the fiat, then the only reason they can do that is bitcoin went up in price. but they're still losing.
but i guess to sam, that would be good enough if he could just SAY that everyone had been repaid. "repaid" needs further clarification though. someone is not truly repaid unless you give them back their crypto they had at the time, not just it's fiat value at the time. because that would be alot less.
but i can just hear sam complaining about how life is so unfair that he is still locked up when everyone has already been "repaid". life is so unfair!
Imagine FTX repays everyone and Sam is still stuck in a jail cell for 25 years. He will feel like life is really unfair
Money in the market is not generated by the state or central bank or algorithm as in the blockchain.When a clown wants to steal a lot of money from the market, the matter ends in prison.
https://finance.yahoo.com/news/ftx-says-repay-most-customers-142906991.html
Bankrupt crypto exchange FTX says most of its customers will be paid back in full for the assets lost at the time of its collapse nearly two years ago, and some will receive more.
The company said in a press release that 98% of FTX customers will receive at least 118% of their claims, and others will receive 100% plus billions of dollars in compensation for the time value of their money.Bankrupt crypto exchange FTX says most of its customers will be paid back in full for the assets lost at the time of its collapse nearly two years ago, and some will receive more.
Sam still needs to pay his debt to society though. At least 25 years. that would be a beautiful thing indeed if FTX soon repays everyone but Sam is stuck in prison.
Imagine FTX repays everyone and Sam is still stuck in a jail cell for 25 years. He will feel like life is really unfair
Bankrupt crypto exchange FTX says most of its customers will be paid back in full for the assets lost at the time of its collapse nearly two years ago, and some will receive more.
The company said in a press release that 98% of FTX customers will receive at least 118% of their claims, and others will receive 100% plus billions of dollars in compensation for the time value of their money.Bankrupt crypto exchange FTX says most of its customers will be paid back in full for the assets lost at the time of its collapse nearly two years ago, and some will receive more.
Sam still needs to pay his debt to society though. At least 25 years. that would be a beautiful thing indeed if FTX soon repays everyone but Sam is stuck in prison.
Imagine FTX repays everyone and Sam is still stuck in a jail cell for 25 years. He will feel like life is really unfair
Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded.
Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of Appeals during Bankman-Fried's March 28 sentencing hearing. The 32-year-old former billionaire crypto wunderkind was convicted in November on seven counts of fraud and conspiracy in what federal prosecutors have called one of the biggest financial frauds in U.S. history.
https://www.reuters.com/legal/bankman-fried-appeals-ftx-fraud-conviction-25-year-sentence-2024-04-11/
Sam Bankman-Fried broke a lot of laws that he may not get an even longer sentence as a result of the new trial.Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of Appeals during Bankman-Fried's March 28 sentencing hearing. The 32-year-old former billionaire crypto wunderkind was convicted in November on seven counts of fraud and conspiracy in what federal prosecutors have called one of the biggest financial frauds in U.S. history.
https://www.reuters.com/legal/bankman-fried-appeals-ftx-fraud-conviction-25-year-sentence-2024-04-11/
The investigation was very long and in fact an appeal in a case like this can take a long time, and when it does, many people will have forgotten about Sam Bankman-Fried.
I don't understand who else got jail time, or were all the witnesses along with Caroline Eliesson?
Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded.
Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of Appeals during Bankman-Fried's March 28 sentencing hearing. The 32-year-old former billionaire crypto wunderkind was convicted in November on seven counts of fraud and conspiracy in what federal prosecutors have called one of the biggest financial frauds in U.S. history.
https://www.reuters.com/legal/bankman-fried-appeals-ftx-fraud-conviction-25-year-sentence-2024-04-11/
Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of Appeals during Bankman-Fried's March 28 sentencing hearing. The 32-year-old former billionaire crypto wunderkind was convicted in November on seven counts of fraud and conspiracy in what federal prosecutors have called one of the biggest financial frauds in U.S. history.
https://www.reuters.com/legal/bankman-fried-appeals-ftx-fraud-conviction-25-year-sentence-2024-04-11/
Sure Warren Buffett may not be everyone's favorite, but at least he knows what he's talking about. Not like that farmer in the story below.
https://www.msn.com/en-us/money/other/sbf-is-going-to-prison-but-the-fight-over-money-at-ftx-drags-on/ar-BB1l7pw0
"Crypto has embarked on an epic rally, pushing bitcoin to around four times its price when FTX fell. The gains have enabled FTX’s bankruptcy estate to say it will settle many creditor claims in full, a prospect that seemed laughably optimistic when the firm collapsed.
Spring has brought a measure of justice for FTX’s victims: Sam Bankman-Fried, the crypto exchange’s founder, was sentenced last month to 25 years in prison for what prosecutors called one of the largest financial frauds in U.S. history.
But for many onetime FTX customers, the exchange’s collapse is still a source of anger and frustration. Some are fighting to recover what they can from bankruptcy trustees who are preparing to distribute billions of dollars as soon as this year. Others are regretting their decisions to sell the claims to their FTX accounts to savvy hedge funds for pennies on the dollar. Some of these hedge funds stand to double their investment or more when the distributions take place."
https://www.msn.com/en-us/money/other/sbf-is-going-to-prison-but-the-fight-over-money-at-ftx-drags-on/ar-BB1l7pw0
"Crypto has embarked on an epic rally, pushing bitcoin to around four times its price when FTX fell. The gains have enabled FTX’s bankruptcy estate to say it will settle many creditor claims in full, a prospect that seemed laughably optimistic when the firm collapsed.
Spring has brought a measure of justice for FTX’s victims: Sam Bankman-Fried, the crypto exchange’s founder, was sentenced last month to 25 years in prison for what prosecutors called one of the largest financial frauds in U.S. history.
But for many onetime FTX customers, the exchange’s collapse is still a source of anger and frustration. Some are fighting to recover what they can from bankruptcy trustees who are preparing to distribute billions of dollars as soon as this year. Others are regretting their decisions to sell the claims to their FTX accounts to savvy hedge funds for pennies on the dollar. Some of these hedge funds stand to double their investment or more when the distributions take place."
SBF has broken a lot of laws in the US and as a rule who rises very fast, falls very fast.
If you look at the experience of famous investors in the USA, such as Warren Buffet, I am sure that he did not lose even a cent in the SBF scam.
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What claims can you have against a casino when you lose your money there. But casinos now have a more transparent and regulated business compared to what has happened and is happening now in the crypto market.
casinos its understood you are gambling. but when you win, you always get paid. no one is getting stiffed.
sam kind of reminds me of a warren buffet type. i don't see in them anything remarkable even though the world apparently LOVES them. but i remember seeing a shaq interview where he said he was skeptical of SBF from the getgo. shaq is no dummy unlike alot of people...
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