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

zasad@

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Quote from: larry_vw_1955 on March 31, 2024, 11:40:06 PM

Quote from: zasad@ on March 31, 2024, 07:04:28 AM

Any investor who has lost their money in SBF's little scam should first think twice before making any further investments.

what exactly was his little scam, was he paying people 15% per month? i just thought FTX was a crypto exchange where people traded bitcoin so most of them had NO IDEA their money was being misused and lost. until they tried to withdraw what was rightfully theres then they found out all gone.

Quote

A smart investor diversifies risks so that in the event of a scam, he does not lose all his capital. And if someone invests all-in, then SBF is not to blame. The idiot will still lose his money.

i think FTX brought in alot of naive people who had never bought crypto before and had no idea about any of it they just saw some advertisement from FTX and thought it was legit. probably thought their money was insured by the FDIC.

Quote

I lost some of my money because I diversified it into the Terra USD stablecoins of the Do Kwon project. But personally, I don't care whether Do Kwon is punished or not. I made bad decisions, so I don't hate Do Kwon.

it was a game to you and you gambled and lost a bit. that's how you looked at it. but that's not how the government of his country might have looked at it! but anyone that wants to gamble needs to adopt your type of mindset no doubt. otherwise they'll be seeing the poor house

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.
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.

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Sam Bankman-Fried’s FTX workforce left depressed, unable to find work after crypto firm’s downfall: report
Some of Sam Bankman-Fried’s former staffers from his now-bankrupt FTX have reportedly struggled to land another job and have battled depression since the cryptocurrency exchange’s stunning downfall.

Natalie Tien, who led public relations for FTX and was also Bankman-Fried’s executive assistant, saw at least $500,000 in personal investments tied up in FTX and various crypto coins vanish upon FTX’s collapse in November 2022, according to the Wall Street Journal.

Tien told the Journal that in the months after Bankman-Fried was found out for having swiped FTX user funds to plug an $8 billion debt at sister company and failing hedge fund Alameda Research, she suffered from depression and would cry randomly in public, including in a New York City grocery store.

larry_vw_1955

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Quote from: zasad@ on March 31, 2024, 07:04:28 AM

Any investor who has lost their money in SBF's little scam should first think twice before making any further investments.

what exactly was his little scam, was he paying people 15% per month? i just thought FTX was a crypto exchange where people traded bitcoin so most of them had NO IDEA their money was being misused and lost. until they tried to withdraw what was rightfully theres then they found out all gone.

Quote

A smart investor diversifies risks so that in the event of a scam, he does not lose all his capital. And if someone invests all-in, then SBF is not to blame. The idiot will still lose his money.

i think FTX brought in alot of naive people who had never bought crypto before and had no idea about any of it they just saw some advertisement from FTX and thought it was legit. probably thought their money was insured by the FDIC.

Quote

I lost some of my money because I diversified it into the Terra USD stablecoins of the Do Kwon project. But personally, I don't care whether Do Kwon is punished or not. I made bad decisions, so I don't hate Do Kwon.

it was a game to you and you gambled and lost a bit. that's how you looked at it. but that's not how the government of his country might have looked at it! but anyone that wants to gamble needs to adopt your type of mindset no doubt. otherwise they'll be seeing the poor house

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Quote from: zasad@ on March 30, 2024, 04:44:44 AM

The court verdict for SBF has already been made, and the nuances of American justice are of no interest to most readers.
Am I the only one who wonders what will happen to the Gary Potter fan(Caroline Ellison) and other participants in the fraudulent scheme, or will SBF be responsible for everything alone?

What an awesome story? Cry

https://www.firstpost.com/explainers/ftx-fraud-sam-bankman-fried-ex-caroline-ellison-testimony-alameda-research-ceo-13754095.html

The 1st to flip gets the best deal. The 2nd to flip gets a slightly worse one. What # in line was she to turn on him?
He will probably do 80% of the time so 20 years. A part of the problem is the lack of laws regarding this. The FRAUD was easy to come up with an amount of time.
The other side of running a scam exchange, the laws are murky there so.

As many lawyers have said, you don't go to court with the case you want you go with the case you have. The US system is based on innocent until PROVEN guilty.
From what I understand, the books were such a mess PROVING guilt was going to be difficult on some things. Knowing and proving are 2 different things.

https://www.youtube.com/watch?v=OZVYcpO6Mgk

-Dave

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Quote from: larry_vw_1955 on March 31, 2024, 12:25:45 AM

Quote from: zasad@ on March 30, 2024, 04:44:44 AM

The court verdict for SBF has already been made, and the nuances of American justice are of no interest to most readers.

anyone that lost money in sam's little scam no matter where they live is interested in seeing him punished in full and also getting repaid, not just the fiat value of their coins at the time but the full fiat value of what their bitcoin is worth NOW. which is alot more but can never happen.

Quote

Am I the only one who wonders what will happen to the Gary Potter fan(Caroline Ellison) and other participants in the fraudulent scheme, or will SBF be responsible for everything alone?

sam should be held resposible for EVERYTHING. clearly he wasn't. people will not be repaid in full not now not ever. even if bitcoin goes to $100,000. the only they could get paid back is if bitcoin went down to $1000. then sam could scoop it up cheap and repay all those people their bitcoin then...until he does that, i say keep him locked up.

Any investor who has lost their money in SBF's little scam should first think twice before making any further investments. A smart investor diversifies risks so that in the event of a scam, he does not lose all his capital. And if someone invests all-in, then SBF is not to blame. The idiot will still lose his money.
I lost some of my money because I diversified it into the Terra USD stablecoins of the Do Kwon project. But personally, I don't care whether Do Kwon is punished or not. I made bad decisions, so I don't hate Do Kwon.

larry_vw_1955

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Quote from: zasad@ on March 30, 2024, 04:44:44 AM

The court verdict for SBF has already been made, and the nuances of American justice are of no interest to most readers.

anyone that lost money in sam's little scam no matter where they live is interested in seeing him punished in full and also getting repaid, not just the fiat value of their coins at the time but the full fiat value of what their bitcoin is worth NOW. which is alot more but can never happen.

Quote

Am I the only one who wonders what will happen to the Gary Potter fan(Caroline Ellison) and other participants in the fraudulent scheme, or will SBF be responsible for everything alone?

sam should be held resposible for EVERYTHING. clearly he wasn't. people will not be repaid in full not now not ever. even if bitcoin goes to $100,000. the only they could get paid back is if bitcoin went down to $1000. then sam could scoop it up cheap and repay all those people their bitcoin then...until he does that, i say keep him locked up.

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Quote from: larry_vw_1955 on March 29, 2024, 09:51:15 PM

Quote from: zasad@ on March 29, 2024, 03:01:02 AM

This suggests that the lawyers I know understand more about these nuances. To file an appeal, you need very serious circumstances and facts that have not yet been announced in court before. And in order to get out of prison for good behavior, you need to serve a certain period of time there. In Russia, this only works after a person has served 2/3 of his sentence.

so the jury did their part finding him guilty on all 7 counts and all the judge could do is slap him on the wrist. this justice system is a joke. pathetic judge. he didn't really take the jury's verdict seriously at all. thats one thing that is wrong with the justice system is how a judge can just overrride what the jury wants. because i am sure they wanted more than 25 years (12 with good behavior).

https://www.businessinsider.com/sam-bankman-fried-eating-disgusting-looking-beans-week-old-lettuce-2024-2

"Even though twelve out of every fourteen of Sam's weekly meals are just undercooked rice, a scoop of disgusting-looking beans and week-old brown lettuce, Sam has stayed true to his commitment to not participate in the maltreatment of animals," Simpson said in his letter.

but he didn't have any problems mistreating fellow human beings. if he really is vegan then he should be HAPPY to be getting rice and beans...that's what "vegans" eat Embarrassed

The court verdict for SBF has already been made, and the nuances of American justice are of no interest to most readers.
Am I the only one who wonders what will happen to the Gary Potter fan(Caroline Ellison) and other participants in the fraudulent scheme, or will SBF be responsible for everything alone?

What an awesome story? Cry

https://www.firstpost.com/explainers/ftx-fraud-sam-bankman-fried-ex-caroline-ellison-testimony-alameda-research-ceo-13754095.html

larry_vw_1955

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Quote from: zasad@ on March 29, 2024, 03:01:02 AM

This suggests that the lawyers I know understand more about these nuances. To file an appeal, you need very serious circumstances and facts that have not yet been announced in court before. And in order to get out of prison for good behavior, you need to serve a certain period of time there. In Russia, this only works after a person has served 2/3 of his sentence.

so the jury did their part finding him guilty on all 7 counts and all the judge could do is slap him on the wrist. this justice system is a joke. pathetic judge. he didn't really take the jury's verdict seriously at all. thats one thing that is wrong with the justice system is how a judge can just overrride what the jury wants. because i am sure they wanted more than 25 years (12 with good behavior).

https://www.businessinsider.com/sam-bankman-fried-eating-disgusting-looking-beans-week-old-lettuce-2024-2

"Even though twelve out of every fourteen of Sam's weekly meals are just undercooked rice, a scoop of disgusting-looking beans and week-old brown lettuce, Sam has stayed true to his commitment to not participate in the maltreatment of animals," Simpson said in his letter.

but he didn't have any problems mistreating fellow human beings. if he really is vegan then he should be HAPPY to be getting rice and beans...that's what "vegans" eat Embarrassed

zasad@

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Quote from: larry_vw_1955 on March 29, 2024, 01:23:08 AM

Quote from: zasad@ on March 28, 2024, 08:08:15 AM

I have read many opinions on this matter and my friends, lawyers in Europe, say that SBF will receive a long prison sentence, at least 20 years.

That estimate was close! Part of his sentencing should be if he appeals and loses it gets bumped up to 100 years WITHOUT the possibility of parole. He got a gift.

Quote from: Lucius

At least that was the penalty Ross Ulbricht was given and looking at the two, there is not much difference between their crimes so why does SBF get to be treated differently?

Because maybe SBF had alot of money to pay people. Now I'm not saying that he paid the judge off but I think this whole trial was just a formality.

This suggests that the lawyers I know understand more about these nuances. To file an appeal, you need very serious circumstances and facts that have not yet been announced in court before. And in order to get out of prison for good behavior, you need to serve a certain period of time there. In Russia, this only works after a person has served 2/3 of his sentence.

larry_vw_1955

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Quote from: zasad@ on March 28, 2024, 08:08:15 AM

I have read many opinions on this matter and my friends, lawyers in Europe, say that SBF will receive a long prison sentence, at least 20 years.

That estimate was close! Part of his sentencing should be if he appeals and loses it gets bumped up to 100 years WITHOUT the possibility of parole. He got a gift.

Quote from: Lucius

At least that was the penalty Ross Ulbricht was given and looking at the two, there is not much difference between their crimes so why does SBF get to be treated differently?

Because maybe SBF had alot of money to pay people. Now I'm not saying that he paid the judge off but I think this whole trial was just a formality.

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Quote from: Lucius on March 28, 2024, 11:18:37 AM

He got 25 years, for some it might be a lot, but I believe for the majority it's still too little considering that he will probably get out after serving 2/3 of his sentence, and maybe even before with good behavior and some other benefits of the US prison/justice system.

https://www.coindesk.com/policy/2024/03/28/sam-bankman-fried-ftx-sentencing/

I quite agree. I just see this as a slap on the wrist, because considering the gravity of the crime, he's supposed to serve longer, if possible be given a life sentence. At least that was the penalty Ross Ulbricht was given and looking at the two, there is not much difference between their crimes so why does SBF get to be treated differently?

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He got 25 years, for some it might be a lot, but I believe for the majority it's still too little considering that he will probably get out after serving 2/3 of his sentence, and maybe even before with good behavior and some other benefits of the US prison/justice system.

https://www.coindesk.com/policy/2024/03/28/sam-bankman-fried-ftx-sentencing/

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Quote from: larry_vw_1955 on March 27, 2024, 11:28:26 PM

I could really use some good news. Which would be Sam getting 100 years to life with no parole. But we all know that's not going to happen. He'll be out in 5 years...or 10. I hope not though! Angry

If they gave him 100 years, he could try and spend that time repaying everyone he scammed. and don't let him out until they all get repaid. that would be justice...

I have read many opinions on this matter and my friends, lawyers in Europe, say that SBF will receive a long prison sentence, at least 20 years. Lawyers have big disagreements only about CZ, but the trials will begin very soon. 8 billion dollars cannot be recovered from prisons. Of course, some of the assets will be returned, but not all.

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Quote from: safar1980 on March 21, 2024, 08:20:35 AM

Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors say
NEW YORK, March 15 (Reuters) - Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange, prosecutors said on Friday.
In November, a jury found Bankman-Fried, 32, guilty on seven counts of fraud and conspiracy. Federal prosecutors in Manhattan said "thousands of everyday people" including residents of war-torn and unstable countries had entrusted their nest eggs to FTX.

I could really use some good news. Which would be Sam getting 100 years to life with no parole. But we all know that's not going to happen. He'll be out in 5 years...or 10. I hope not though! Angry

If they gave him 100 years, he could try and spend that time repaying everyone he scammed. and don't let him out until they all get repaid. that would be justice...

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Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors say
NEW YORK, March 15 (Reuters) - Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange, prosecutors said on Friday.
In November, a jury found Bankman-Fried, 32, guilty on seven counts of fraud and conspiracy. Federal prosecutors in Manhattan said "thousands of everyday people" including residents of war-torn and unstable countries had entrusted their nest eggs to FTX.

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https://www.theblock.co/post/279487/sbf-lawyers-prison-sentence
"The defense team of Sam Bankman-Fried, former CEO of fallen crypto exchange FTX, requested a U.S. court to consider a sentence in the range of 63 to 78 months, according to a Tuesday court filing.

“An appropriate method of arriving at a just sentence would be to consider the Adjusted Offense Level (Subtotal) of 56, reduced by 30 levels based on zero loss, which yields an advisory Guidelines range of 63-78 months,” the court filing said."

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Quote from: NotATether on November 07, 2023, 04:41:26 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.

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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.

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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, 01:46:55 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.

Topic: Pending justice for SBF - page 2. (Read 1055 times)